Maritime Archives — Page 117 of 140

July 21, 2017 No Responses

Panel blames shipping firms, terminal operators, others for alleged N30tri fraud at seaports

The Nigerian Senate Joint Committee on Customs and Marine Transport investigative panel on Thursday accused some commercial banks, shipping firms, terminal operators of allegedly conniving with some officials of Customs and Nigeria Port Authority (NPA) to defraud the Federal Government....

July 20, 2017 No Responses

COSCO forecasts 50 % drop in profit

Hong Kong-listed COSCO Shipping Energy Transportation forecasts a drop in profit for the first six months of this year of up to 57 percent year-on-year. Specifically, the group’s net profit attributable to the equity holders is expected to range between...

July 20, 2017 No Responses

How to make African seaports competitive, by NIMASA DG

July 20, 2017 No Responses

Samsung wins conditional deal for vessel pair

South Korean shipbuilder Samsung Heavy Industries (SHI) revealed it has inked a shipbuilding contract for two vessels with an unnamed shipowner. As informed, the contract value is KRW 271 billion (around USD 242 million). The agreement remains conditional a...

July 19, 2017 No Responses

Rolls-Royce Inks service deal for 74 Vessels

UK-based engineering company Rolls-Royce has signed a three-year service agreement with Siem Offshore and Subsea 7 covering a total of 74 offshore vessels. Under the deal, Rolls-Royce will maintain and service all of the equipment it has delivered to the two....

July 18, 2017 No Responses

NPA probes Calabar fire outbreak, condoles families, Cross River Govt

The management and board of the Nigerian Ports Authority (NPA) on Monday condoles the Cross River State Government and families of people who lost their lives in the fire incident which occurred at the Linc Oil and Gas tank farm...

July 17, 2017 No Responses

Dakuku: Integrity is the bedrock of success in politics

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has urged Christian youths to embrace the biblical principles of honesty and integrity, which he described as the bedrock to success in politics and go...

July 15, 2017 No Responses

2015: Importation of consumables, household items into Nigeria gulps N7tri

The Minister of State for Industry, Trade and Investment, Mrs. Aisha Abubakar has said the sum of about N7 trillion was spent on the importation of consumables and household items into Nigeria in 2015. In her address in Kano on...

July 14, 2017 No Responses

Dakuku seeks support for marine ecosystem

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stressed the need for concerted and collaborative efforts of all stakeholders towards the conservation and sustainable use of ocean resources for t...

July 13, 2017 No Responses

Shell aquires Turritella FPSO

Shell Offshore has revealed that its affiliate, Shell E and P Offshore Services, will exercise a contractual right to buy the Turritella floating, production, storage and offloading (FPSO) vessel from SBM Offshore. The 159,100 dwt vessel is contracted for the....

July 12, 2017 No Responses

Workers shutdown Seaports over proposed law

Maritime Workers Union of Nigeria (MWUN) and the maritime branch of the Senior Staff Association of Communication, Transportation and Corporation (SSACTAC) on Tuesday shut down Seaports across the country to protest against which seeks to privatise some as...

July 12, 2017 No Responses

Critical role of Admiralty law to maritime sector’s growth, by Dakuku

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has said that there can be no maritime sector without admiralty law and that every aspect of shipping is governed by one law or the...

July 11, 2017 No Responses

Capacity building takes centre stage as Boss Mustapha mark one year at NIWA

Today, July 11th 2017 make it exactly one year since Boss Mustapha assumed duty as the Managing Director/Chief Executive Officer of National Inland Waterways Authority (NIWA). According to NIWA, within that Bench Mark, so much has happened under Mus...

July 10, 2017 No Responses

Cosco to aquire OOIL for $6.3b, hits 400 vessels

Chinese shipping giant Cosco is set to buy its Hong Kong rival OOIL for $6.3bn (£4.9bn). The deal would make Cosco the world’s third biggest shipping company, with more than 400 vessels. OOIL’s majority owner has accepted the bid, though...