Shippers council implements e-registration to boost port security
The Nigerian Shippers Council (NSC) has announced the introduction of e-registration for regulated port service providers and users, aiming to…
Category: Maritime
Caverton Injects N1bn In Local Boat Building
Caverton Offshore Support Group has disclosed its investment of approximately N1 billion in in-country boat building, aimed at curbing capital…
Wema Bank Earmarks N8.9bn For Women-Run Businesses
Moruf Oseni, the MD/CEO of Wema Bank, affirmed Wema Bank’s commitment to actively support and promote women, disclosing that the…
Dr. Bashir Jamoh Concludes Tenure as NIMASA Managing Director
Dr. Bashir Jamoh concluded his tenure as the Managing Director of the Nigerian Maritime Administration and Safety Agency (NIMASA) on…
MainOne Lands 2Africa Subsea Cable in Akwa Ibom State
MainOne, in collaboration with 2Africa, has successfully installed the 45,000-kilometre subsea cable system in Akwa Ibom State, Nigeria. This initiative…
FG to Enforce Sanctions on Vessels Violating Maritime Regulations
During the arrival ceremony of the ‘CMA CGM Scandola’, the largest container vessel fueled by Liquefied Natural Gas, at Lekki…
Global Shipping Giants Redirect Routes Amid Rising Red Sea Tensions
In a recent turn of events, major shipping companies, including Denmark’s Maersk and Germany’s Hapag-Lloyd, are altering their cargo routes…
Meta to Land Two Submarine Cables in Nigeria to Boost Digital Infrastructure
Summary:Meta is set to deploy two submarine cables in Nigeria, with one landing in Lagos and the other in Akwa…
Spanish Navy Renews Commitment to Collaborate with Nigerian Navy in Gulf of Guinea
The Spanish Navy has expressed its dedication to working in partnership with the Nigerian Navy to address maritime security challenges…
Africa’s Marine and Coastal Tourism Sector Poised for $100 Billion Opportunity
Africa holds a significant economic opportunity within its grasp, owning approximately one-third of the world’s major international water basins. A…
Technology and Transparency Lead to Significant Cost Reduction in Nigerian Shipping Sector
The Convention on Business Integrity (CBi) revealed that shipowners’ operational costs in Nigeria have dropped by 86.67 per cent, from…
Nigeria Loses $15 Billion Annually to Port Congestion and Maritime Challenges
Nigeria is reportedly facing significant losses of approximately $15 billion annually due to congestion and various maritime-related issues at the…
NPA Unveils Two Tug Boats for Port Security and Trade Facilitation.
The Nigerian Ports Authority (NPA) has put two newly purchased bollard pull tug boats into service in an effort to…
Stakeholders Criticize the FG Regarding the $3.2 billion Project to Modernize Customs.
Stakeholders in the nation’s marine sector have criticized the Federal Government over the $3.2 billion Nigeria Customs Service modernization project.…
Shipowners estimate that $20 million is spent each year on vessel repairs.
Despite the Nigerian Maritime Administration and Safety Agency’s (NIMASA) acquisition of a N50 billion floating dock, Nigerian shipowners have indicated…
According to NSC, demurrages cost N2.7bn in the past two years.
The Nigerian Shipper’s Council said that between 2020 and 2022, it saved a staggering N2.7 billion. The fund might have…
CBN Penalizes Shipping Companies that Export Illegal Cargoes from Nigeria.
CBN Governor, Godwin Emefiele, while speaking at the RT200 non-oil export summit 2023 in Abuja with the theme “RT200: Challenges…
FG Plans to Build Another Sea Port in 2026 – NPA.
According to the Nigerian Ports Authority, the federal government plans to build another deep-sea port within the next three to…
FG Fines Oil Companies N22 billion for Gas Flaring.
The Federal Government will punish oil and gas companies operating onshore for flaring 24 billion SCF of gas between January…
Nigeria: Maritime Operators will Receive $700 million for Vessel Acquisition.
The Federal Government has said operators in the maritime sector may get about $700m to acquire new vessels. At least…
IATA Warns Nigeria as Airlines Trapped Funds Hit $802m
The International Air Transport Association, a trade organization for international airlines headquartered in Switzerland, recently released data showing that the…
Seafarers Claim that 4,000 Ships Berth in Lagos Ports Each Year.
The Mission to Seafarers, Lagos, a maritime organization, has revealed that 4,000 ships call at Lagos ports each year. According…
Costs Rise as Foreign Airlines Increase the Currency Rate.
Over $743 million in stranded cash were being used by international airlines coming into Nigeria as of January this year.…
Travel Agencies Should Give Foreign Airlines Discounted Rates.
Mr. Yinka Ladipo, the Chief Executive Officer of Dart Logistics Limited and Finance Secretary of the National Association of Nigerian…
Shipowner Dispute Over $350 million Maritime Fund Distribution.
The Maritime Administration and Safety Agency wanted to merge with the Nigerian Indigenous Shipowners Association before distributing the $350 million…
Foreign Vessels Transport 98% of Nigerian Crude.
Anthony Onoharigho, a chartered marine surveyor and ship captain, revealed that 98% of the crude oil lifted in Nigeria is…
Why Nigerian Ships are Unable to Lift Crude-Ex-COMD-NNPC.
According to Kon Bob-Manuel, a former general manager of shipping and terminal operations for the Nigerian National Petroleum Corporation’s crude…
NIMASA: The Key to Effective Port and Flag Administration is Standardized Digital Communication.
According to Dr. Bashir Jamoh, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), international cooperation to achieve…
Domestic Airfares are Up 97%, According to NBS
According to the National Bureau of Statistics’ most recent data, which was released, the average price of a plane ticket…
Nigeria, Saudi Arabia Sign MoU on Aviation Security.
A Memorandum of Understanding was signed by the Nigerian and Saudi Arabian air accident investigation bodies in order to exchange…