Maritime
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Maritime Sector Export Surge
Nigeria’s maritime sector saw a transformative export surge—reported as a 1,085% increase in export-laden container volumes in 2025—driven by strategic reforms, digitalisation (notably the National Single Window), and heavy private investment, positioning the country to capture growing East–West Africa trade if sustained policy, infrastructure, and coordination efforts continue. Key Points Continue reading
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Cabotage Vessels Finance Fund Applications hit 60
Cabotage Financing Fund Applications Hit 60 As NIMASA Signs Performance Bond The Nigerian maritime sector has recorded a notable development as applications for the Cabotage Financing Fund (CFF) have reached 60, signaling renewed interest from domestic shipowners and coastal operators in accessing financing to modernize and expand fleets. This milestone reflects growing confidence in regulatory… Continue reading
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UN says more than 20000 Seafarers Stranded
The United Nations has reported that some 20,000 seafarers remain stranded as a result of the closure of the Strait of Hormuz, highlighting a humanitarian and operational crisis within a strategically vital maritime corridor. The UN’s figures indicate widespread disruption to shipping schedules, crew rotations and the flow of global trade, with numerous merchant vessels… Continue reading
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Iran Partially Opens Hormuz
Iran Affirms Strait of Hormuz Open to All Vessels While Restricting “Enemy‑Linked” Ships Iran has publicly reiterated that the Strait of Hormuz remains open to international navigation, asserting its commitment to customary maritime passage through one of the world’s most consequential chokepoints for energy shipments. Tehran’s statement, however, included a caveat: ships it identifies as… Continue reading
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Delays in Renewal of Port Concession
The Shipping Correspondents Association of Nigeria (SCAN) warns that delays in renewing port concession agreements—many signed in 2005–2006 and expiring around 2021–2022—threaten investor confidence, operational efficiency, and government revenue, risking job losses, higher costs for consumers, and setbacks to port reform gains unless the Federal Government expedites renewals. Key Points Continue reading
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Is African Ship Registries Suspect?
African ship registries—both legitimate and fraudulently used—have become attractive to shadow fleet operators seeking to evade sanctions and scrutiny, leading to a surge in high-risk vessels flying African flags, limited oversight, and increased risks to maritime safety, trade and investment; strengthening registry governance, transparency, audits of private operators, and regional cooperation are urgent measures to… Continue reading
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Nigeria Secures Ports Finance Package
Nigeria has secured a £746 million financing package from the United Kingdom to modernize and expand operations at the nation’s principal ports serving Lagos: Apapa and Tin-Can Island. The funding is intended to address chronic congestion, improve cargo handling capacity, and strengthen the logistics corridor that underpins Nigeria’s trade and economic activity. Scope and objectives… Continue reading
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Global trade hinges on five key Maritime Chokepoints
Global commerce depends heavily on maritime routes, and a small number of strategic passages disproportionately shape the flow of goods and energy. Each chokepoint concentrates vast volumes of trade through narrow waterways or constrained approaches, making them focal points for economic stability, security planning, and supply‑chain risk management. Implications and Response The concentration of trade… Continue reading
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Captain Agaba claimed $15m was handed over
Title: I Delivered $15m Cash to Ex-NIMASA DG Patrick Akpobolokemi — Capt. Agaba In a recent, high-profile assertion, Capt. Agaba has stated that he personally delivered $15 million in cash to former Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Akpobolokemi. The claim, delivered with apparent certainty, raises significant questions about… Continue reading
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House Committee commends MAN Oron leadership.
The House Committee on Maritime Affairs has formally commended the administration of the Maritime Academy in Oron under the leadership of Commandant Okonna. In a recent review, committee members praised notable improvements in institutional governance, training standards, and infrastructural development that, they stated, align the academy more closely with national and international maritime best practices.… Continue reading
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