Category: Maritime

Vessel Nigeria’s crude oil loading schedule for November may face some setback, as about 30 cargoes are awaiting buyers. This is just as crude premiums to benchmark prices have come down by $1 to $2 a barrel depending on the grade, traders said. A similar overhang is being reported in Angola’s November schedule too. “This […]

This is not the best of times for terminal operators as thousands of containers and imported vehicles remained uncleared from Lagos ports. It was  gathered that over 9000 containers and 6000 imported vehicles are still trapped at the APMT and Tincan Island Container Terminal (TICT), thereby congesting the port. The abandoned cargoes have taken over […]

• Say Sector Has Potential To Create 50,000 Direct And Three Million Indirect Jobs • Establishing National Vessel Fleet Can Yield About N7. 2 trillion Yearly • Physical Examination Of Containers Hurting Economy • We Are Commitment To Scaling Up The Rating Of Nigerian Ports, Says Minister The financial crunch currently hitting hard on the […]

The Federal Inland Revenue Service (FIRS) has said most mainstream shipping companies that refuse to comply with their tax obligations get away with their actions due to poor enforcement of relevant laws by the Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Ports Authority (NPA) and other government agencies operating in the maritime sector. The […]

Minister of Marine and Blue Economy, Adegboyega Oyetola and President Bola Ahmed Tinubu at the inauguration in Abuja With the creation of the Ministry of Marine and Blue Economy after 30 years of advocacy, Adegboyega Oyetola, the pioneer minister, will need to hit the ground running to transform the sector, Adaku Onyenucheya writes: As the […]

Renowned political economist, Prof. Pat Utomi, said the country’s maritime industry is suffering a setback due to a lack of a proper regulatory framework to drive the sector to economic prosperity. Stating that the sector has not managed to realise its possibilities due to leaders and politicians, who see the sector as a meal ticket, […]