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IMO to Decide on Reduction of Emissions in Shipping This Month

…As Container Carriers Still Face High Risk of Failure The next steps in CO2 reduction for shipping could be determined at the end of October...

Banks in Credit Crisis, Says report

CBN: No Bank in Distress   Some banks may have been experiencing a “full-blown financial crisis” due to a cash crunch arising from “failed fiscal...

Shipping: Dry Bulk Crisis Could Lead to Major Changes

The current crisis in the dry bulk shipping sector could have a wider impact with effects on other major sectors of shipping such as...

Recession:Purchase of New Vessels Globally Down 81 %

Overall contracting of new vessels plunged in the three-month period from July to September to a mere 88 units, according to data provided by...

Shipping Rate to Rise over Carriers’ Mergers, Acquisitions

…As ITF Criticises US over Shore Leave to Seafarers Shippers could face fewer choices and higher rates in the long run as the container shipping...

IMO Ballast Water Convention to come into force in 2017

In one of the longest running sagas in shipping regulation, the IMO’s Ballast Water Management (BWM) has finally met its ratification criteria, meaning it...
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Pirates Seize Vessel In Gulf of Guinea,Switches off Communication

A chemical tanker Monjasa Reformer was boarded by pirates on Saturday, March 25, some 140 nautical miles West of Port Pointe-Noire, DR Congo. A group...

OIL IN NASARAWA: BUHARI DOES IT AGAIN

By FEMI ADESINA First it was at Kolmani, in Bauchi/Gombe States, and now President Muhammadu Buhari has struck again. In a region some people have...

Stakeholders Describe Comptroller Oloyede as an Officer with A Midas Touch

By Shola Fadeyi  Sequel to the impressive performance of the Tin Can Command of the Nigerian Customs Service(NCS),in the areas of revenue generation, handling of...