Monday, October 25, 2021
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Business

Shippers’ Council Boss; Jime Inaugurates Committee To Tackle High Shipping Cost In Africa

The Executive Secretary and Chief Executive Officer, Nigerian Shippers’ Council (NSC), Mr Emmanuel Jime, has inaugurated a committee of experts to help tackle high shipping cost within the Africa sub-region. Jime inaugurated the committee at the Committee of Experts Meeting/...

NIMASA not a revenue generating agency — Amaechi

The Federal Government has said that the Nigerian Maritime Administration and Safety Agency (NIMASA) is not mandated to generate revenue. It said the mandate of the agency was to act as regulator of maritime safety and security. The Minister of Transportation,...

NEPZA, NIPC Partner On Investments’ In New Special Economic Zones

The Nigeria Export Processing Zones Authority (NEPZA) and Nigerian Investment Promotion Commission (NIPC) are partnering on the migration of investments to new Special Economic Zones (SEZs). The three new zones are in Lagos, Kwara and Katsina for medical, agro-allied and...

FRONT PAGE COMMENT: Hassan Bello To Maritime Industry: My Successor Jime Is ‘A Man...

Nigeria is the fourth largest importer of fish in the world, following China, Japan and the United States. With the annual domestic fish supply of about 400,000 tones, the fisheries sector accounts for about 3–5% per cent of national...

NASS May Bar Dangote Refinery, Others From Importing Crude

The National Assembly may make new laws or amend the existing ones to prevent private refineries from importing crude oil into Nigeria. The House of Representatives’ Committee on Finance stated that it would be a disservice to the country to...

Dangote Refinery, NARTO, partner on product distribution

Dangote Refinery and Nigerian Association of Road Transport Owners (NARTO) has agreed to partner on petroleum products distribution from the refinery across Nigeria. Dangote Industries Limited disclosed this after members of the association paid a visit to the refinery in...

Nigeria’s Automotive Policy and Smuggling Of Used Vehicles

Arguably, the automotive industry in Nigeria is one of the poorly-regulated sectors, a development which has given birth to the surge in the use of second-hand vehicles and high cost of locally-assembled ones. Apart from the Federal Government’s assertion, recent...

Hull Blyth begins rail haulage of containers from Ogun State to Apapa

Nigeria’s foremost shipping and cargo logistics services provider, Hull Blyth, has opened a rail hub at Wasimi, Ewekoro Local Government Area of Ogun State, for use by importers and exporters. The Wasimi Rail Hub, which is the first of its...

S. Korea’s big 3 shipbuilders to hike newbuilding prices

South Korea’s three major shipbuilders will raise new shipbuilding prices to enhance profitability following hefty second-quarter operating losses estimated at a combined 1.5 trillion won due to higher steel prices. Korea Shipbuilding & Offshore Engineering Co. (KSOE), the shipbuilding holding...

Transshipment containers at Saudi ports rise by 24%

Saudi ports, under the supervision of Saudi Ports Authority (Mawani), in the first half of 2021 realized a remarkable growth in the handling volume through registering an increase in the total number of handled containers by 5.18% with 3.6...

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Only 15% of seafarers vaccinated — Survey

Only about 15% of the world’s seafarers have been vaccinated against COVID-19, according to data from the Neptune Declaration Crew Change Indicator. Meanwhile, figures from...

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