Number of idle floating production units reaches all-time high

The number of available floating production systems (FPS) worldwide stands at 20, an all-time high for available FPS units, Energy Maritime Associates (EMA) Pte...

Nigeria’s oil industry faces serious damage as pirate attacks double

Unless the increasing trend of pirate attacks in the Gulf of Guinea is tackled quickly and effectively, piracy could do serious damage to Nigeria’s...

How cargo dwell time stalls trade facilitation at ports – Report

The perennial  port congestion  seems to have defied all solutions that have been proffered by various government committees that were set up for that...

Nigeria’s Dalhatu Tafida becomes IMO Vice President

Nigeria’s High Commissioner to the U.K., Dalhatu Tafida, has been elected as Vice President of the 28th General Assembly of the International Maritime Organisation...

India seeks closer ties with Nigeria on energy, maritime security

Indian Government has called for the deepening and expansion of the existing multi-dimensional cooperation between India and other African countries, especially Nigeria in the...

Furore over FG’s selection of Cabotage Fund beneficiaries

Stakeholders in the maritime sector of the economy have continued to kick against the criteria used to select beneficiaries for the Cabotage Vessel Financing...

Congestion: Breakdown of port operations imminent

Container terminals in Lagos ports- Apapa and Tin Can Island have been enmeshed in a congestion debacle in their terminals, with the Seaport Terminals...

Content board to upgrade dockyards for vessels repair

The Nigerian Content Development and Monitoring Board has offered to repair some dilapidated dockyards in the country for servicing of local vessels, the Executive...

NIMASA denies paying $2 million to secure release of American sailors kidnapped in Bayelsa

The Nigerian Maritime Administration and Safety Agency (NIMASA) yesterday denied claims that it paid $2 million (N320 million) to the Movement for the Emancipation...

Sea Trucks Group wins new contract

Sea Trucks Group that has West African Ventures, WAV as its indigenous operating company in Nigeria has announced the award of a contract from...

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