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IMO to Decide on Reduction of Emissions in Shipping This Month

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…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...
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Foreign

Banks in Credit Crisis, Says report

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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...
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Shipping: Dry Bulk Crisis Could Lead to Major Changes

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The current crisis in the dry bulk shipping sector could have a wider impact with effects on other major sectors of shipping such as...
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Recession:Purchase of New Vessels Globally Down 81 %

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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...
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Shipping Rate to Rise over Carriers’ Mergers, Acquisitions

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…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...
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Foreign

IMO Ballast Water Convention to come into force in 2017

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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

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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...
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OIL IN NASARAWA: BUHARI DOES IT AGAIN

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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...
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PHOTO NEWS: NPA Hosts Global Ministerial Servicom Committee Meeting

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Stakeholders Describe Comptroller Oloyede as an Officer with A Midas Touch

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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...
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