Ship owners in Nigeria have called for establishment of a maritime bank to help develop the local shipping and maritime investments. This call comes as stakeholders set up a committee to draft the proposed guidelines of disbursing the $200 million Cabotage fund to ship owners through the Cabotage Vessel FinancingRead More

According to data from the United Nations Conference on Trade and Development (UNCTAD), it was stated that in the last 10 years, no African country has made the leading positing in the shipping connectivity index (maritime transport networks). However, Nigeria, a maritime endowed nation scored a paltry 21.44 compared toRead More

The Managing Director, Nigerian Port Authority (NPA), Hadiza Bala Usman, has expressed commitment to achieving the ISO 9001 & OHSAS 18001 certification, with a view to accelerating efficiency in the system. Usman has, therefore, issued a 90-day ultimatum to the relevant divisions and departments in NPA to accomplish all theRead More

Unless the shipping companies and crew comply fully with rules on reducing marine plastic litter from vessels, the quantity of plastics in the oceans will outweigh fishes by 2050. The International Maritime Organisation (IMO), said it had received warnings from some scientists on the huge problem in the oceans, andRead More

Concerns are rife that the new shipping policy of the International Maritime Organisation (IMO) will spike the cost of fuelling ships to about $70 billion yearly.The 2020 sulphur regulation, which will ban ships from using any marine fuel with sulphur content above 0.5 pct effective January 1, 2020, may imposeRead More