FG okays Shippers Council as Ports Economic Regulator

The federal government has finally  settled for the appointment of the Nigerian Shippers Council (NSC) as the nation’s  Ports Economic Regulator. It  was gathered  Thursday...

Marine firm seeks order to halt repatriation of N2bn

A Nigerian marine service provider, Phoenixtide Offshore Nigeria Limited, has sued its foreign partner, Tidewater Marine International Incorporation, before a Federal High Court in...

Ship owners owe banks over $3b

Members of the Nigerian Ship Owners Association (NISA) said they are not happy over the new Cabotage waiver policy being introduced by the government...

Bumi Armada secures FPSO contract extension in Nigeria

Bumi Armada Berhad  has informed that its subsidiaries Armada Oyo Ltd. (“AOL”) and Bumi Armada (Singapore) Pte. Ltd. (“BASPL”) have signed 2 contracts with...

We’ll curb oil theft in five months, NIMASA tells Senate

The Nigerian Maritime Administration and Safety Agency, NIMASA, has said that it is currently working on a scheme that will drastically reduce the incidences...

Akpabio backs Navy’s war against pirates

The Akwa Ibom State Government has promised to support the Navy on its onslaught against oil thieves and sea pirates on the waterways. Governor Godswill...

NIMASA seeks alternative in arbitration for maritime industry

Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Akpobolokemi, has said that alternate dispute resolution is a tool that has...

Senate, NPA on collision course over oversight duty

The Senate Committee on Marine Transport has threatened to withhold the passage of the 2014 budget of the Nigerian Ports Authority (NPA), because the...

FG’s 48-hour cargo clearance order still a mirage- LCCI laments

The Lagos Chamber of Commerce and Industry says the 48-hour target set by Federal Government for clearing of cargo at the Lagos ports is...

Seaport concessionaires raise fresh fears over tank farms

Sea Port Terminal Operators Association of Nigeria STOAN, umbrella body for all seaport concessionaires operating in Nigeria has added its voice to repeated calls...

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