New global shipping treaty to unlock $30b investment
The Ballast Water Management (BWM) Convention of the International Maritime Organisation (IMO), is poised to unlock an unprecedented estimated private sector investment of about $30b in the next few years.
Ship owners seek NIMASA’s collaboration on wreck removal
For the Nigerian Maritime Administration and Safety Agency (NIMASA), to achieve its objectives on the recent policy on shipwreck removal, the Ship Owners Association of Nigeria...
Government initiates new procedures to ease cargo clearance
Determined to ease the challenges of doing business, the Federal Government has introduced new procedures that would ease cargo clearance at the ports.
Smuggling has wreaked havoc on Nigeria’s economy, says customs
The Nigerian Customs Service (NCS) has bemoaned the incessant activities of smugglers across the nation’s borders; an activity, which it said, has wrecked havoc on the nation’s economy.
Inland Containers sues for more locomotives, wagons to boost operations
To curb the challenges in developing a dry port, Inland Containers Nigeria Limited (ICNL), operators of the Kaduna Dry Port, has called on the Federal Government to extend another rail track, and also purchase more locomotives and wagons to boost its operations.
NIMASA set to host 32 nations’ maritime administrators
As the maritime development gathering gathers momentum, President Mummadu Buhari will on April 20th meet a body of African maritime leaders under the aegis of Association of African Maritime Administration...
NCDMB lauds INTELS on capacity development
The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has commended INTELS Nigeria Limited for developing the Onne Free Zone into what he called “a world class facility”.
Licensed clearing agents petition Presidency over non-constitution of Customs Board
The agents are worried over the lacuna, as the non-existence of the Board of Directors automatically makes Ali a sole administrator of Customs, which is at variance with the provisions of CEMA.
Terminal operators’ earnings plunge by 22.4% in 10 years
The report revealed that at the beginning of the port concession in 2006, THC collected by the operators stood at $232 per twenty-foot equivalent units (TEU) but fell to $180 per TEU by 2016.