The Nigeria Agricultural Quarantine Service and the Nigeria Oil and Gas Free Zones Authority, both agencies of the Federal Government, have agreed to collaborate in… Read More »FG agencies partner to grow agricultural export
The Nigerian Ports Authority has explained that it charges operators in dollars because shipping is an international business and the dollar is the globally recognised… Read More »NPA defends fee collection in dollars
Despite a significant fall in trade volumes in January –down by close to 30% on 2023 monthly averages – there has been ‘a stunning spike’… Read More »Clean rates spike as product tankers take the Cape route
The Nigeria Customs Service has disclosed its intention to grant waivers to vehicle owners to pay duties within a specific time frame to avoid sanctions.… Read More »NCS plan waiver for vehicle importers
he ships for GEFO have been optimised to consume less fuel and produce lower emissions, which is ready for innovative fuels also, the Hamburg-based shipowner said. The… Read More »GEFO Shipping orders 10 tankers at Nantong Xiangyu
German rail operator Deutsche Bahn put DB Schenker, one of the world’s largest logistics providers, up for sale in December 2023 in a deal that… Read More »Maersk to look at DB Schenker acquisition
Maersk reported a loss of $537 million at an EBIT level for Q4 2023 driven by a $920 million loss for its ocean, or container shipping… Read More »Maersk in the red for Q4 2023, forecasts breakeven at best for 2024
The takeover by poultry processor Harim, which also owns dry bulk shipping company Pan Ocean, has been called off after they failed to reach agreement… Read More »HMM $4.9 billion takeover by Harim collapses
The contracts consist of six plus two traditional fuel VLCCs and four plus two LNG-fuelled VLCCs. DSIC didn’t reveal the name of the owners which… Read More »DSIC inks orders for up to 14 VLCC newbuildings
Time charter equivalent earnings for its VLCC fleet split at $43,600 per day for vessels on the spot market and $39,600 per day for those trading on… Read More »2023 second most profitable year ever for DHT Holdings
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