Business

Chinese owned Rewood Ocean Shipping (Rosco), has placed its entire fleet up for sale again, two years after trying offloading most of its fleet. According to Shipbroking reports, Rosco is now inviting offers for its fleet of 11 bulk carriers...

The world’s number one ocean carrier, AP Moller–Maersk, has kicked off its new airfreight service with a chartered airplane which took off from Thailand to Japan. The new development came after Damco’s freight forwarding business, which serves customers with airfreight...

The Nigerian inflation rate has risen to 13.71% (year-on-year) in September 2020, indicating 0.49% point higher than 13.22% recorded in August 2020. This was contained in the Consumer Price Index (CPI) report, released by the National Bureau of Statistics...

The Controller, Apapa Area Command of the Nigeria Customs Service (NCS), Comptroller Muhammed Abba-Kura, has announced that a total of 378,447 metric tons of export with Free on Board (FOB) value of $85,861,787 (N32.6 billion) was processed through Apapa...

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala-Usman, has announced that the agency has generated a total revenue of N1.02trn in the space of three years under her leadership. Bala-Usman made this known in a message posted...

The Maritime Workers Union of Nigeria (MWUN), has issued a seven-day ultimatum to the management of Intels Nigeria to withdraw the sack letters issued to 600 staff or face an industrial action. The affected workers were said to be in...

German cruise company, Phoenix Reisen, has announced the sale of the cruise ship, Albatros, to an Egyptian Hotel Group it described as a longstanding partner. The vessel will be redeployed to a permanent mooring in the Red Sea, where...

P&O Cruises, Australia’s former cruise ship, the Pacific Dawn, has reportedly found a unique new life as a floating community permanently anchored in the Gulf of Panama. A company called Ocean Builders that is also developing floating, off-grid seapod homes,...

Two labour unions in the oil and gas sector, the National Union of Petroleum and Natural Gas (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have directed their members in Chevron Nigeria Limited (CNL)...

Popular ride-hailing firm, UberX, will, from Octiber 6, 2020, increase its minimum fare from N400 to N500, base from N200 to N220, per kilometer from N60 to N65. In an e-mail shared with riders and operators, the company disclosed that...