Nigerian Shippers Council yet to fill regulatory vacuum

Port industry stakeholders have expressed worries over the seeming continued commercial regulatory vacuum more than six months after the appointment of the Nigerian Shippers...

14 shiploads of PMS, DPK others arrive Lagos Ports

A total of 10 shiploads of Premium Motor Spirit PMS, also called petrol have been scheduled to arrive some oil reception facilities located in...

Nigeria bottlenecks will divert more cargo to Togo, Ghana, Benin in 2014

Analysts reviewing the maritime industry in the past year and predicting the outlook for 2014, foresee that  Nigerian ports will witness a drastic drops...

Improved fuel supply underway as ships laden with petroleum products arrive ports

There are indications that the Nigerian National Petroleum Corporation (NNPC) and a few oil marketers have stepped up importation of petroleum products. According to the...

Pirates abduct Ukrainian captain and Greek engineer

Pirates have attacked an oil products tanker off the coast of Nigeria and kidnapped its Ukrainian captain and a Greek engineer, Greek coast guard...

Skye, Diamond, Fidelity and FirstBank identified as lead investors in shipping sector

Four major commercial banks; Skye, Diamond, Fidelity and First banks have been identified by experts as the lead investors in the shipping sector, especially with...

Oil shipment fraud off West Africa raises IMB fears it’s spreading

The International Maritime Bureau (IMB) has issued a warning to shipowners to be on the look out for criminal gangs who make spurious oil...

Master Mariners decry double taxation

The Nigerian Association of Master Mariners, (NAMM), has raised alarm over the payment of 1.5 percent Local content and two percent Cabotage levies by...

Nigerians must be given first refusal on offshore operations – NIMASA

The Nigerian Maritime Administration and Safety Agency (NIMASA) has warned that Nigerian ship owners must be given the right of first refusal in the...

Oil bunkering: DPR issues guidelines, licences to yield N250m

The Department of Petroleum Resources (DPR) has indicated its readiness to issue licences in a bid to resuscitate bunkering business in the country. The agency...

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