Nigeria Maritime Online

Effective immediately, carriers have introduced a peak season surcharge (PSS) of $600 per container on cargoes bound for Nigeria from ports in China. This measure responds to heightened demand and constrained shipping capacity during the traditional seasonal peak, aiming to allocate limited space and mitigate operational pressures. Shippers and freight forwarders should note the following… Continue reading

Stakeholders Advocate Concession of NIMASA Floating Dockyard for Utilization Various maritime stakeholders have called for the concession of the Nigerian Maritime Administration and Safety Agency’s (NIMASA) floating dockyard to private operators, arguing that such a move would optimize utilisation, improve maintenance standards, and stimulate sectoral growth. Proponents contend that private-sector management can attract investment, deploy… Continue reading

MSC has formalised a significant development in Nigeria’s maritime infrastructure by signing a concession agreement to construct a new port in Lagos. The agreement positions Mediterranean Shipping Company (MSC), a major global shipping operator, as a principal private-sector partner in expanding port capacity to meet rising demand for containerised trade in West Africa. The proposed… Continue reading

The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, reaffirmed the Federal Government’s steadfast commitment to strengthening Nigeria’s indigenous shipping industry by deploying supportive policies, funding mechanisms, and infrastructure to make local shipowners globally competitive; this commitment was expressed while receiving the NIMAREX 2025 planning committee, which has revived the maritime exhibition to attract… Continue reading

The prolonged delay in disbursing the $350 million Cabotage Vessel Financing Fund (CVFF) has understandably caused frustration and loss of confidence among indigenous shipowners in Nigeria. Despite this, several alternative strategies remain available to shipowners: 1. Exploring Alternative Financing Options: Commercial Bank Loans: Shipowners can approach commercial banks for vessel financing, though interest rates may… Continue reading

‘Deck the hulls!’ – Maritime industry celebrates global maritime efforts at The Mission to … Maritime Patrol Aircraft Market Global Forecast Report and – UK proposes expansion of Emissions Trading Scheme to maritime sector – West Indian Ocean and Gulf of Aden states join to reinforce security – SEA-LNG finds LNG maturing faster than other fuels – H.E. Captain Ian Finley receives IMO International Maritime Prize… Continue reading

Adeyanju Petitions EFCC Over Alleged Fund Mismanagement by NIMASA Breaking: Protesters storm Senate over bill for establishment of Marine Coast Guard Public Hearing: Oyetola Tips Coast Guard Bill to Unlock Nigeria’s Maritime Potential – NIMASA Should Stop Sending Nigerian Cadets to Mushroom Maritime Academies Abroad Maritime workers fume over unresolved issues in sector – Navy, lawmakers, others reject Nigerian coast guard bill Continue reading

FG accelerates maritime policy to boost GDP, national economy – Oyetola Oyetola Rallies Stakeholders on Development of National Policy to Sustain Nigeria’s Blue .. Coastguard volunteers seek formal recognition to enhance maritime emergency response Maritime Security: Heads of navies, coastal guards converge on Abuja How Nigerian Navy activities is boosting crude oil production – Stakeholders demand fiscal waiver for vessel acquisition, operations Minister seeks… Continue reading

NPA decries trade decline as Nigeria trails smaller countries in cargo volumes Cabotage Fund intact, domiciles with CBN, says NIMASA – Marine Corps Bill Suffers Setback As Lawmakers, Others Kick – Nigerian Marine Corps Will Create More Problems Than Solutions – Stakeholders Warn Over $360m Cabotage fund intact – NIMASA – Cabotage vessel fund safe with CBN, says NIMASA… Continue reading

PortNews Summit 2024 to Address Key Questions on Port Reforms, Local Content – Lawmakers, police, others reject Marine Corps bill – Punch Newspapers Lekki Port, Lekki Freeport Terminal, LFZ Launch COSCO Shipping, ONE, ZIM Lines Services Continue reading