Tuesday, October 27, 2020
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Business

Rosco places entire fleet up for sale again

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...

Maersk begins airfreight services

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...

Nigeria’s inflation rate soar higher, hits 13.71%

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...

Customs processed N32.6bn export at Apapa Port in Q3 – Port Controller

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...

NPA has generated over N1trn revenue in 4 years – Hadiza Bala-Usman

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...

MWUN kick as Intel sacks 600 workers

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...

Phoenix sells 1973-built cruise ship to Egyptian Hotel Group

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...

Former P&O cruise ship slated to become floating community off Panama

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,...

Labour unions in the oil sector shut down Chevron over sack of 600 workers

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)...

Uber increases fares in Nigeria

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...

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Apapa gridlock: Lawmaker Calls For NPA’s Relocation

The lawmaker representing Yagba-East/Yagba-West/Mopamuro Federal Constituency of Kogi State, Mr Leke Abejide, has called for the relocation of the Nigerian Ports Authority from the...

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