World’s Largest Containership Squeezes Through Suez Canal 

World’s Largest Containership Squeezes Through Suez Canal 

Evergreen’s giant 24,000 TEU containership, Ever Acme has transited the Suez Canal while on its maiden voyage from Malaysia to the Netherlands.  The ship is the newest addition to Evergreen’s A-type vessel series and can carry over 24,000 containers.   The head of...
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Six Die In Lagos Ship Accident

Six Die In Lagos Ship Accident

Contrary to earlier reports, six yet-to-be-identified persons were at the weekend confirmed dead after an accident in a vessel around Atlas Cove, Lagos State.  The deceased were said to have been working on the tanker of the vessel identified as...
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G7, EU Announce Price Cap On Russian Diesel 

G7, EU Announce Price Cap On Russian Diesel 

The Group of Seven (G7) industrialized countries, the European Union and Australia agreed to limit the price of Russian diesel on Friday.  The new price cap focuses on refined oil products, following up from a previous price cap on Russian...
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CNG Declares 2023 Multinational Maritime Exercise Successful 

CNG Declares 2023 Multinational Maritime Exercise Successful 

The Chief Of Naval Staff (CNS), Vice Adm. Awwal Gambo, on Friday said the 2023 multinational maritime exercise in the Gulf of Guinea, codenamed ‘Obangame Express’, was a huge success.  Gambo said this during the review of the exercise at...
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NPA Probes Ojuelegba Container Accident  

NPA Probes Ojuelegba Container Accident  

The Management of Nigerian Ports Authority (NPA) has commenced full scale investigation to ascertain the source of container linked to last Sunday accident that clamed nine lives.   NPA in a statement obtained by City Business News on Tuesday, commis...
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CNS Flags-Off Obangame Express With Nine Ships, Two Helicopters, Others 

CNS Flags-Off Obangame Express With Nine Ships, Two Helicopters, Others 

The Chief of Naval Staff (CNS), Vice Adm. Awwal Gambo, on Friday flagged-off the 13th Obangame Express with nine ships, two helicopters, maritime awareness domain assets and elements of the Special Boat Services (SBS).  Gambo flagged-off the maritime exer...
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CBN Unveils Africa-Led Domestic Card Scheme

CBN Unveils Africa-Led Domestic Card Scheme

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Thursday, unveiled an African Central Bank led National Domestic Card Scheme (AfriGO) to address local peculiarities.  At the event, which was monitored virtually, Emefiele said the new...
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FG Raises Steering Committee For Proposed Ondo, Benin Ports 

FG Raises Steering Committee For Proposed Ondo, Benin Ports 

The Federal Ministry of Transportation has inaugurated a Project Steering Committee for the proposed Ondo Deep Sea and Benin River Ports.   The inauguration was performed by the  Permanent Secretary of the Ministry of Transportation, Dr Magdalen...
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Maersk, MSC Terminate Alliance  

Maersk, MSC Terminate Alliance  

Container shipping giants, MSC Mediterranean Shipping Company (MSC) and Maersk A/S, an entity under A.P. Moller – Maersk, have agreed to terminate the 2M alliance, effective in January 2025.   2M is a container shipping line vessel sharing agr...
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NIMASA Photo News

NIMASA Photo News

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NIMASA Task Banks On $350m Cabotage Fund Guidelines 

NIMASA Task Banks On $350m Cabotage Fund Guidelines 

The Nigerian Maritime Administration and Safety Agency (NIMASA) has issued a 72-hour ultimatum to the Primary Lending Institutions (PLIs), to release modalities for the disbursement of $350 million Cabotage Vessels Finance Fund (CVFF).  The PLIs approved ...
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Edo, Port of Antwerp, Seal Benin River Port Partnership  

Edo, Port of Antwerp, Seal Benin River Port Partnership  

The Edo State Government has concluded plans with the Port of Antwerp from Belgium as part of measures to finalize the Benin River Ports project.   This was gathered from a meeting of the Benin River Port (BRP) Project Committee with...
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NPA Photo News

NPA Photo News

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Buhari Inaugurates Lekki Deep Sea Port 

Buhari Inaugurates Lekki Deep Sea Port 

President Buhari inaugurates 16.5 metres deep LekkiSea Port  President Muhammadu Buhari on Monday inaugurated the 16.5 metres deep Lekki Sea Port in Lagos.  President Buhari, who arrived at the venue in a helicopter alongside  Gov. Babajide Sanwo-Ol...
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