Artistic Impression of Lekki Deep Sea Port Project Govt Earmarks N90 Billion for Economic Zones Nigeria's President Muhammadu Buhari has expressed commitment to a conducive business environment that would aid investments in the country even as it emerged that Nigeria is expected to rake in over $200 billion from the operations
Import & Export
Flights cancelled in early Northeast U.S. spring snowstorm
IATA launches digital tools for dangerous goods declarations
Dallas U.S.A - It was a busy conference for dangerous goods (DG) last week at IATA’s World Cargo Symposium. In an effort to encourage electronic management DG handling and improve safety, IATA introduced both its Dangerous Goods AutoCheck (DG AutoCheck) platform and its e-Dangerous Goods Declaration (e-DGD) standards. DG AutoCheck stands
China’s February exports surge, trade surplus widens
China’s exports surged in February while its politically sensitive trade surplus widened amid mounting tension with Washington. Exports rose 44.5 percent over a year earlier to $171.6 billion, accelerating from January’s 11.1 percent growth, customs data showed Thursday. Imports rose 6.3 percent to $137.8 billion, down sharply from the previous month’s
Maersk ship loses dozens of containers off N.C. coast
The container ship MAERSK SHANGHAI lost 70 or more containers in rough seas caused by stormy weather off North Carolina, The 10,081-TEU Maersk Shanghai lost between 70 and 73 cargo containers Saturday night about 17 miles off the coast of Oregon Inlet, N.C., but all crew members are safe and accounted for. The Maersk Shanghai lost
Tanzania’s Mtwara Port Tipped to Handle Panamax Ships Soon
Big containers and modern ships, Panamax, will soon start docking at Mtwara port, upon completion of berth number two next year. Under the supervision of German company, Inros Lackner, two Chinese companies― Railways Major Bridges Engineering Group Co. Ltd (CRMBEG) and China Railways Construction Engineering Group (CRCEG) are jointly working on
Shipping Companies Risk Sanction for Over-billing Importers, Exporters
The Nigerian Shippers’ Council (NSC) weekend sounded a fresh note of warning to shipping companies and some service providers that circumvent the law by either over-billing shippers on demurrage charges or indulging in the indiscriminate imposition of illegal charges. This is just as the ports economic regulator said its field officers
In Lagos Agents, importers now pay more on demurrage, container deposits
Following the gridlock on Apapa-Oshodi Expressway occasioned by the dilapidation of the road, importers and agents now pay more for demurrage and return of their empty containers, Daily Sun reported. According to an agent, who spoke to Daily Sun on the condition of anonymity, the shipping firms make it difficult for them to
CBN Appoints Three Pre-shipment Agencies for Non-oil Export
The Central Bank of Nigeria (CBN), named the PIAs as Messrs. Cobalt International Services Limited, Carmine Assayer Limited and Neroli Technologies Limited. Nigeria has appointed three Pre-Shipment Inspection Agencies (PIAs) for the non-oil export with a view to further enhancing the nation’s export trade. In a memo issued on
