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Container shipping lines are having difficulty passing along higher fuel costs to customers

Container spot rates in retreat as 'gung-ho' carriers jockey for market share The Shanghai Containerized Freight Index (SCFI) lost a cumulative 2.8% this week as container spot rates on the transpacific and Asia-South America trades went into retreat. The SCFI’s comprehensive index is 7.2% below the level of a year ago, despite

Peugeot’s Nigeria assembly plant Starts 2019

Peugeot 3008 SUV PSA Peugeot Citroen has revealed plans to start assembling cars in Nigeria by the first quarter of 2019 through a joint venture with the Chairman of the Dangote Group, Aliko Dangote, and five state governments. An adviser to the Governor of Kaduna, Jimi Lawal, told Reuters on Tuesday that

Itapke-Warri Rail Project Gets New Delivery Date

The federal government has given a new August 2018 deadline for completion of the 323km Itapke -Warri rail project. Sunday Okobi takes a look at the feasibility or otherwise, given that the contract terms gave March 2019 as the delivery date. In August 2017, the Minister of Transportation, Rotimi Amaechi, conducted a site inspection

Buffett proposed to invest $3 billion in Uber, but talks failed: Bloomberg

FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S.   Billionaire Warren Buffett had proposed to invest $3 billion in Uber Technologies Inc [UBER.UL] earlier this year, but the talks failed following disagreements over the deal’s

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