COSCO Shipping to sell stake in shipyard assets

COSCO Shipping to sell stake in shipyard assets

COSCO Shipping International (Singapore) has decided to sell equity interest in its shipyard assets for a price of CNY 1.46 billion (USD 211.5 million) to COSCO Shipping Heavy Industry. In an effort to centralize operations and management, the company said it will...
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Photo News

Photo News

L-R: Executive Secretary, Nigerian Shippers’ Council,  Hassan Bello,  Managing Director, Nigerian Ports Authority, Hadiza Bala Usman, Executive Director, Finance and Admin, NIMASA, Bashir Yusuf Jamoh and Mrs Ify Anazonwu-Akerele, member, NCS at the investi...
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Shippers Council unveils agenda for Truck Transit Park, Container Depot in Edo

Shippers Council unveils agenda for Truck Transit Park, Container Depot in Edo

Edo State Governor, Mr. Godwin Obaseki has indicated his administration’s readiness to support the Nigeria Shippers Council (NSC) to establish an Inland Container Depot and a Truck Transit Terminal, which would facilitate diversity in economic activities.  ...
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Critical role of Seaports in economic development, by NPA boss

Critical role of Seaports in economic development, by NPA boss

The strategic role of ports in economic development is that they function as gateways to international trade and are regarded as major accelerators of local economic development, the Managing Director of Nigerian Port Authority (NPA), Hadiza Bala Usman has sai...
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NPA deploys $30m tug boats, reiterates commitment to operational efficiency

NPA deploys $30m tug boats, reiterates commitment to operational efficiency

Citing need for greater operational efficiency at the nation’s Seaports, the Nigerian Ports Authority (NPA) on Wednesday in Lagos commissioned four new tug boats valued at $30 million.     Christened Mt. Daura, Mt. Ubima, Mt. Uromi and Mt. Majiya, the...
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FPSO vessel to berth at LADOL’s multi-purpose facility in September

FPSO vessel to berth at LADOL’s multi-purpose facility in September

Arrangements are in top gear to receive Egina Floating Production Storage and Offloading (FPSO) Vessel at Lagos Deep Offshore Logistics Base (LADOL) facility in September.    FPSO is a floating vessel located near an oil platform, where oil is processed...
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2,000 seafarers affected by Piracy in West Africa in 2016, says report

2,000 seafarers affected by Piracy in West Africa in 2016, says report

There was a 57 percent rise in the number of seafarers affected by piracy in West Africa in 2016, a report on the state of maritime piracy released by the Oceans Beyond Piracy (OBP) programme has indicated. Last year’s rise in...
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Singapore: Well-Positioned for Maritime Industry

Singapore: Well-Positioned for Maritime Industry

Singapore has once again clinched the top position in Menon’s Leading Maritime Capitals of the World Report, the third edition of the maritime report where Singapore was also ranked first in 2015 and 2012. Singapore was ranked number one in...
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Ecobank merges 74 branches, explores digital strategy

Ecobank merges 74 branches, explores digital strategy

Ecobank Nigeria Limited has reaffirmed its digital transformation agenda enabling its customers depend more on its digital platforms to do their daily banking activities, thereby reducing the need to go to branches. By this development the bank will have enhan...
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NPA reiterates determination to lift infrastructural development

NPA reiterates determination to lift infrastructural development

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has reiterated the organization’s determination to lift the NPA in terms of infrastructural development and rehabilitation.   Usman explained that issues concerning the Safety and Se...
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AAMA: Ship owners seek support for NIMASA DG

AAMA: Ship owners seek support for NIMASA DG

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Photo News

Photo News

From Left: Executive Secretary of the Nigerian Shippers’ Council, Barr. Hassan Bello, Director General NIMASA , Dr. Dakuku Peterside, Outgoing Chairman of AAMA, Mr. Sobantu Tilayi and the Chairman, Governing Board of NIMASA, Major General Jonathan India ...
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NPA boss implores management team on reform agenda, global best practices

NPA boss implores management team on reform agenda, global best practices

By Moses Ebosele –    To make Nigerian Seaports competitive, efficient, effective and up-to-date in global best practices, the Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has challenged the organisations’s Executive and Ma...
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Cosco Shipping Ports’ profit down as volumes rise

Cosco Shipping Ports’ profit down as volumes rise

China-based Cosco Shipping Ports Limited has seen its profit from continuing operation for the three months ended March 31, 2017 reach USD 45.2 million, slightly down from USD 48.3 million reported in the same period a year earlier. The terminal operator als...
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