Seaport, Maersk To Develop $346m logistics Park

Seaport, Maersk To Develop $346m logistics Park

Danish shipping giant,  A. P. Moller – Maersk and Saudi Ports Authority (Mawani) have laid the foundation stone for a multi-purpose, environmentally friendly logistics park at Jeddah Islamic Port.  The greenfield project spread over an area of 225,000 square meters will...
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Minister Tasks Shippers’ Council On Port Community System 

Minister Tasks Shippers’ Council On Port Community System 

The Minister of Transportation,  Mu’azu Sambo has urged the Nigerian Shippers’ Council (NSC) to establish a Port Community System (PCS) before the end of President Muhammadu Buhari-led administration.  Sambo made the call when he paid a visit to the cou...
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NDDC Explores Growth Opportunities with International Seabed Authority 

NDDC Explores Growth Opportunities with International Seabed Authority 

As part of efforts to collaborate with development agencies and organisations, the Niger Delta Development Commission (NDDC) has concluded plans to work with the International Seabed Authority (ISA).   The NDDC Managing Director, Dr. Samuel Ogbuku, s...
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NAVY ARREST VESSEL, HANDS OVER TO NIMASA 

NAVY ARREST VESSEL, HANDS OVER TO NIMASA 

The Nigerian Navy has handed over a Tanker vessel “MT Sea Eunice” which was arrested on August 11, 2022 to the Nigerian Maritime Administration and Safety Agency (NIMASA). The vessel is presently located along Escravos River, close to the...
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FEC Approves Electronic Cargo Tracking Scheme  

FEC Approves Electronic Cargo Tracking Scheme  

The Federal Executive Council (FEC) has approved the introduction of an Electronic Cargo Tracking Note Scheme for the country.  Briefing Journalists at the end of the Council meeting presided over by President Muhammadu Buhari on Wednesday in Abuja,&...
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Bidding Process For Benin Port Begins 

Bidding Process For Benin Port Begins 

The Federal Ministry of Transportation (FMOT) and the Nigerian Ports Authority (NPA) in collaboration with the Edo State Government, have called for bids for the development of the Benin Port (on an area of approximately 20 hectares) under a public-private...
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SNEPCo’s Bonga FPSO Hits 1b Barrel Milestone

SNEPCo’s Bonga FPSO Hits 1b Barrel Milestone

Nigeria’s first deep-water exploration and production vessel, Bonga, hit a one-billion-barrel oil export mark on Monday.  The Managing Director, Shell Nigeria Exploration and Production Company Ltd (SNEPCo), Mrs Elohor Aiboni, explained in a statement t...
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Ports & Cargo Launches Graduate Training Scheme

Ports & Cargo Launches Graduate Training Scheme

Ports & Cargo Handling Services Ltd. (PCHS), a subsidiary of SIFAX Group has inducted 25 young engineers into its newly-established Graduate Trainee Programme.  Managing Director, PCHS, Mr John Jenkins, in  a statement on Monday explained th...
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CIECOBON At Shippers’ Council, Harps On Nigerian Exports  

CIECOBON At Shippers’ Council, Harps On Nigerian Exports  

The Chartered Institute of Export and Commodity Brokers of Nigeria (CIECOBON) has urged the Federal Government through the Nigerian Shippers’ Council (NSC) to establish an export-specific port to further encourage exports.   The President/Council Chairm...
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Ministry Of Transportation Inaugurates N300.67m Projects At Seme Border  

Ministry Of Transportation Inaugurates N300.67m Projects At Seme Border  

The Federal Government on Friday inaugurated three projects executed by the Federal Ministry of Transportation worth N300.67 million at the Seme-Krake Joint Border Post, Lagos.      Inaugurating the projects, Prince Ademola Adegoroye, the Minist...
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NPA Photo News

NPA Photo News

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Maersk Explains $29.3b 2022 Profit, Assigns $11b For Integration, Decarbonization 

Maersk Explains $29.3b 2022 Profit, Assigns $11b For Integration, Decarbonization 

Foremost Container shipping heavyweight, A.P. Moller – Maersk has reported exceptional financial results for the year 2022.  Despite the abnormal market conditions caused by the COVID-19 pandemic, the company reported solid performance across all its bu...
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CBN Disburses  N1b To Banks In Edo  

CBN Disburses  N1b To Banks In Edo  

The Central Bank of Nigeria, CBN, on Tuesday, disclosed that over a billion naira has been disbursed to Edo State in a span of three days to cushion the hardship faced by customers in accessing redesigned naira notes.  Director, Risk...
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Korean Envoy Harps On African Continent’s Blue Economy Potentials 

Korean Envoy Harps On African Continent’s Blue Economy Potentials 

The Deputy Minister for Overseas Koreans and Consular Affairs, Republic of Korea, Choi Yeong has described Nigeria as the gateway to unlocking the potential of the African Continent’s Blue Economy.  Choi Yeong, who made the assertion during a courtesy cal...
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