September 25, 2020 The Federal Ministry of Transportation has revealed that it is considering zero import duty on new vessels, parts for ship building and repairs following years of agitation by indigenous shipping operators for import duty waiver as obtained in aviation sector. This was revealed as the Director-General of the Nigerian Maritime Administration and… Continue reading

As shippers flay $1500 freight differentials between Lagos & Eastern ports September 25th 2020 COMPTROLLER General of Customs, Col Hameed Ali, has harped on honest disclosures by the exporters and importers as key to achieving ease of doing business in Nigeria’s shipping industry. Ali, represented by Auwal Mohammed, Customs Area Comptroller, Onne Ports Area II,… Continue reading

Continue reading

September 25, 2020 Lagos State governor,  Mr Babajide Sanwo-Olu yesterday sought the use of the nation’s waterways for the movement of goods and services. He also said support should be extended to the maritime industry contribute its quota to achieving the Sustainable Development Goal of eradicating poverty and achieving sustainable development by 2030. Represented by… Continue reading

25th September 2020 Experts have converged on Lagos for the establishment of a Regional Maritime Development Bank (RMDB), years after it was mooted. The bank, stakeholders on the continent agree, will breathe new life into the blue economy. Twenty-one years after the conception of a Regional Maritime Development Bank (RMDB) by the General Assembly of… Continue reading

25th September 2020 History was made on Thursday in Les Sables d’Olonne France with the launching of the first ever purpose built hydrographic survey vessel by the Nigerian Navy. Speaking at the ceremony at the OCEA shipyard, the Chief of the Naval Staff, Vice Admiral Ibok-Ete Ibas, represented by Rear Admiral Abraham Adaji informed that… Continue reading

Published September 25, 2020 Nigerian collecting illegal $36,000/month from ship owners – Amaechi The Minister of Transportation, Rotimi Amaechi, has registered his displeasure with continuous patronage of illegal harbours known as secure anchorage areas. According to the minister, an individual has sought to exploit the industry by collecting $1,200 daily for secure anchorage in the… Continue reading

25th September 2020 Minister of Transportation, Rotimi Amaechi, has charged regulatory bodies to reduce the cost of doing business by checking the exploitation of operators at seaports. The Minister who gave this charge at the 2020 World Maritime Day Celebration with the theme: ‘Sustainable Shipping for Sustainable Planet: The Nigerian Dimension:’ held in Eko Hotel,… Continue reading

24th September 2020 Challenged by dwindling revenue and crippling debt amid the COVID-19 pestilence, the Office of the Accountant-General of the Federation (OAGF) on Tuesday began a training programme for treasury officers who will be deployed to strategic Federal Government Owned Enterprises (FGOEs) as Revenue Directors to help swell government’s purse. The move also tackles… Continue reading

24th September 2020 Nigeria and other maritime nations around the world have lost about $9 trillion in Gross Domestic Product (GDP) to COVID-19 pandemic that grounded almost all sectors of the global economy. At the peak of the pandemic between March and May, so many shipping lines, manufacturers, factories and other businesses were shutdown in order… Continue reading