Saturday, July 24, 2021
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Shipping

Shipping lines suspend charcoal, wood export from Nigeria

The major shipping lines running services into Nigeria have suspended the loading of charcoal and wood export from the country. Findings reveal that the suspension is consequent upon a recent circular by the Nigeria Customs Service (NCS), which placed...

COSCO Shipping orders 10 containerships for $1.5b

Cosco Shipping has announced a $1.5 billion order for ten new containerships. The order was placed by COSCO Shipping Holdings at COSCO Shipping’s wholly-owned shipyard subsidiary COSCO Shipping Heavy Industry (Yangzhou). The order comprises six ships of 14,092 TEU capacity for...

Importers accuse Tin Can Customs of imposing illegal charges

Importers have accused officials of the Tin Can Island Port Command of the Nigeria Customs Service (NCS) of imposing illegal charges through the use of “alerts” and hampering the flow of trade. One of the importers, Charles Ubah, decried what...
American River Cruise Ship Runs Aground With 120 Passengers Aboard

American River Cruise Ship Runs Aground With 120 Passengers Aboard

On Wednesday, the river cruise ship American Jazz went aground on a sandbar in Lake Barkley, Kentucky with 120 passengers on board. While on a seven-night cruise from Memphis to Nashville, the vessel ran aground near the town of...
Container carriers profit to hit $100bn this year, says Drewry

Container carriers profit to hit $100bn this year, says Drewry

This year will be the first year in the history of container shipping when carrier profits approach $100 billion and average freight rates jump by 50%, UK-based shipping consultancy, Drewry said. Even with the flood of orders for newbuild containerships...

Maersk orders world’s 1st containership fueled by carbon-neutral methanol

Container shipping heavyweight Maersk has signed a shipbuilding contract with Hyundai Mipo Dockyard for the construction of a feeder vessel with a dual-engine technology enabling it to sail on either methanol or traditional very low sulphur fuel. Maersk announced the...

Containership companies show record delays in 2021

The level of delays in 2021 has been the highest across each month when compared to the previous years, a new report shows. According to Sea-Intelligence’s latest Global Liner Performance (GLP) report, the average delay for vessel arrivals that were...

Buhari appoints Jime as new head of Shippers’ Council

President Muhammadu Buhari has approved the appointment of Emmanuel Jime as the Executive Secretary of Nigerian Shippers’ Council. He takes over from Hassan Bello whose eight and half years tenure ended on June 19. Jime, who holds a Bachelor’s degree in...

Ever Given owners reach deal with Suez Canal Authority

Owners of the 20,000 TEU containership Ever Given, which has been stuck in Egypt for months following its grounding in the Suez Canal, have reached an agreement in principle with the canal authority over the compensation claim. “Together with the...

Hassan Bello’s tenure as NSC boss ends today after 8.5 years

Hassan Bello will today end his tenure as the Executive Secretary of the Nigerian Shippers Council (NSC) after spending eight and a half years in the position. Bello was first appointed Acting Executive Secretary/Chief Executive Officer of the NSC in...

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Insecurity: PFN urges Nigerians to keep hope alive

The Pentecostal Fellowship of Nigeria has advised Nigerians to embrace the joy of Christmas and key into the spirit of the new beginning it...

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