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Container-Tanker-25-2-15
24 Feb 2015
SHIPPING is a cash-driven business, and the combination of large, frequent and often short-notice receipts and payments does not sit well with private equity firms when considering cash management. According to international shipping experts, Moore Stephens, over the last two decades, the industry has moved from one populated by owner-managed businesses with cash payments authorised…
24 Feb 2015
THE new leftist Greek government has rejected suggestions it was relenting on ending privatisation of state assets and said it would stick with plans to stop the sale of  Piraeus and Thessaloniki to Cosco Pacific, the front running bidder. Prime Minister Alexis Tsipras’s new leftist government has sought to cancel key terms of Athens’ bailout…
Abdullahi-
17 Feb 2015
THE Nigerian Ports Authority (NPA) is to assist in the training of Tug Masters for Nigerian Navy after concluding all required consultations. Speaking in Lagos when the Flagg Officer commanding Western Naval Command, Rear Admiral Jonathan  Ango, paid him a courtesy visit, the Managing Director of NPA, Habib Abdullahi also pledged to partner with the…
17 Feb 2015
THE International Chamber of Shipping (ICS) has warned that a low sulphur fuel cap is “very likely” to be imposed in 2020 globally, five years before it is expected. Meanwhile, INTERTANKO has welcomed the recent European Maritime Safety Agency (EMSA) Sulphur Inspection Guidance, supporting the implementation of Council Directive 1999/32/EC (The EU Sulphur Directive). EMSA’s…
Turaki-18-2-15
17 Feb 2015
BETWEEN January and December 2014, the Federal Operations Units (FOU) of Nigeria Customs Service (NCS), zone ‘A’ Ikeja, impounded 674 used vehicles and 105,810 bags of rice. Giving a breakdown of its 2014 performance on Monday, the unit disclosed that out of the 674 impounded used vehicles, 95 were ‘scraps’ valued at N346.2 million with…
Sekimizu-28-1-15--
17 Feb 2015
Okays new training requirement for seafarers CITING reported rescue of more than 2000 migrants from the Mediterranean sea and several hundred who lost their lives, the International Maritime Organization (IMO) Secretary-General Koji Sekimizu has called for more concerted action to address the issue of criminals who organize illegal and unregulated sea passage by migrants.   …
17 Feb 2015
CHINA COSCO Holdings Company Limited has disassembled eight vessels from its aged fleet, the group said in a filing to the Hong Kong stock exchange. The scrapped vessels include eight container ships (Hutuo He, Xinhui He, Zhaoqing He, Yangjiang He and Yongding He) and three bulk carriers (Peng Jie, Peng Nian and Peng Cai) that…
Idris-Umar-11-2-15
10 Feb 2015
NOT less than twenty local and foreign investors have indicated interest in the proposed Akwa Ibom Deep Seaport. Already, the ministerial project development and steering committee   has submitted a copy of the final Outline Business Case (OBC) to the Federal Ministry of Transport and the Nigerian Ports Authority (NPA). Members of the committee comprise officials…
10 Feb 2015
AN anti-corruption inspection team raised by the central government of China has alleged corruption in the state run shipbuilding conglomerate, China State Shipbuilding Corporation (CSSC). According to the central government, corruption search light which commenced in November, 2013, is on 13 state-run groups including China State Shipbuilding Corporation, the China Shipping Group and oil giant…
10 Feb 2015
THE Federal Operations Unit (FOU) of Nigeria Customs Service (NCS), zone C Owerri, has arrested 18 alleged smugglers and impounded 36 vehicles. According to the Area Controller of the unit, Dimka Victor David, the impounded vehicles are 13 cars, 14 Sports Utility Vehicles (SUV), five trucks and four buses. He said the seizures were made…
Sekimizu-28-1-15--
10 Feb 2015
ANALYSTS from IHS Maritime & Trade have predicted continued increases in fatal accidents in both the shipping and passenger sectors largely as a result of continued expansion of the global commercial shipping fleet. Last year, there were 1,639 maritime casualty incidents reported, up 10 per cent from the 1,489 incidents reported in 2013.  IHS estimates…
10 Feb 2015
THE annual United Kingdom  (UK) seafarers active at sea increased to 22,910 in 2014. The increase according to the department for transportation is the first since 2010.The total number increased by around 1,000. Detail of the statistics  also show that nearly 2,000 officer cadets were in training, the second highest level since the UK government’s…

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2 hours ago
There was pandemonium in Ondo State as the pastor of a pentecostal church, David Anifowoshe, was arrested by the police for allegedly abducting more than 77 people, including children in a dungeon in his church. Anifowoshe, who is the pastor of Whole Bible Deliverance Church, located in Valentino Area of Ondo West LGA of the…
4 hours ago
Seun Kuti, son of Afrobeat legend Fela Kuti, has cancelled a concert in Morocco to mourn last week's tragedy on the border of Spain's Melilla enclave in which at least 23 African migrants died. Saxophonist and singer Kuti had been set to play on Saturday at the Jazzablanca festival in the Moroccan port city of…
4 hours ago
Demonstrators held rallies in several Spanish cities and in Rabat late Friday to protest over the deaths of 23 African migrants who died in a crush trying to enter the Spanish enclave of Melilla in northern Morocco. Thousands of protesters gathered in Barcelona, Malaga, Vigo and San Sebastian and in Melilla itself to denounce migration…
5 hours ago
One migrant was killed and at least six others, including a teenage girl, were injured Saturday in a shootout between migrant groups in Serbia near the Hungarian border, the state-run RTS television reported. The 16-year-old girl sustained life threatening injuries in the incident that occurred in a forest in the outskirts of Subotica, some 160…
6 hours ago
Are you planning to switch to a healthy diet? A great breakfast snack to include is a chicken wrap. Not only is it packed with healthy goodness, but it is also a delicious meal you can enjoy at any time of the day.  Need to make a healthy chicken wrap? This is the recipe you…