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NIMASA, Navy arrest 16 Stowaways on US- bound  Vessel

NIMASA, Navy arrest 16 Stowaways on US- bound Vessel

Search and Rescue personnel of the Nigerian Maritime Administration and Safety Agency (NIMASA) in conjunction with officers and men of the Nigerian Navy at the weekend apprehended 16 stowaways on…

IMB: Kidnappings persists despite drop in piracy

IMB: Kidnappings persists despite drop in piracy

Kidnapping and hostage-taking persists off the coasts of West Africa and South East Asia, despite a 20-year low in piracy on the world’s seas, according data provided…

16 Dead in Shipbreaking Yard blast

16 Dead in Shipbreaking Yard blast

On Tuesday, at least 16 workers were killed and 58 wounded in an explosion at the Gadani shipbreaking yard near Karachi, Pakistan. A fuel tank exploded inside of a tanker…

Maritime operators owe NIMASA $420.5m, says Dr. Peterside

Maritime operators owe NIMASA $420.5m, says Dr. Peterside

The Nigerian Maritime Administration and Safety Agency (NIMASA) has stated that debts owed the Agency by some operators in the maritime industry from 2004 till date amount to about 420…

RMT to fight decline in UK Seafarer numbers

RMT to fight decline in UK Seafarer numbers

UK’s National Union of Rail, Maritime and Transport Workers (RMT) has launched a campaign to fight the decline in the number of seafarers in the country. The campaign, SOS…

GE confirms readiness to invest $2bn in Railways

GE confirms readiness to invest $2bn in Railways

The General Electric (GE), an American corporate giant, has indicated readiness to invest $2 billion in the nation’s railway project. The company in a press statement said its equity…

Customs Tin-Can Island Port Command generates N25.6 bn in September

Customs Tin-Can Island Port Command generates N25.6 bn in September

The Nigeria Customs Service, Tin-Can Island Port Command, has disclosed that it generated N25.6 billion for the month of September, a figure lower than the N26 billion it…

Mass Transit sector gets N25bn loan scheme

Mass Transit sector gets N25bn loan scheme

A revolving loan scheme of N25 billion has been established by the Federal Government to enable transport companies in Nigeria access funds for the purchase of mass transit vehicles. The…

Migration Crisis: Over 6,000 Migrants Rescued in a Day

Migration Crisis: Over 6,000 Migrants Rescued in a Day

Around 6,055 migrants were rescued on Monday as they tried to reach Europe on 40 boats, one of the highest numbers in a single day, Italy’s coast…

Ship finance loans: Nigerian banks suffer N5 bn bad debts

Ship finance loans: Nigerian banks suffer N5 bn bad debts

About N5 billion is hanging as bad debts from ship finance loans given out by banks in Nigeria. A Shipowner, Chief Isaac Jolapomo, who is a shipowner and a former…