ANTWERP, BELGIUM: Oil tanker moored near an oil silo in Port of Antwerp July 9,2013 in Antwerp, Belgium. The Port of Antwerp is the Europe's second largest sea port after Rotterdam. Council’s letter asserts “unjustified” fees violate agreement to end price signaling. The European Shippers’ Council has sent a letter to European
Maritime
Nigeria Has Lost Fortunes to Collapse of National Shipping Line
MV Osanyamo Nigeria as a maritime nation has lost fortunes to the collapse of the Nigerian National Shipping Line (NNSL) about 13 years ago.The Executive Governor of Edo State, Godwin Obaseki, disclosed this in Onne, Rivers State, during the official christening of the nation's latest addition to the Nigerian 'fleet', the
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
Shippers’ Council, others to sign MOU on port charges
In a bid to sanitize the Nigerian port industry, the Nigerian Shippers Council, NSC, is set to sign a Memorandum of Understanding, MOU, on port charges with foreign shipping companies operating in Nigeria and terminal operators. Disclosing this to Vanguard in Lagos yesterday, Executive Secretary of the Council, Mr. Hassan Bello
Shipowners lament inability to access $2bn CVFF
Lagos - Local operators in the shipping industry have decried the inability to assess the Cabotage Vessel Financing Fund, which they say must have risen to over $2bn. The CVFF is derived from two percent of the contracts awarded under the Cabotage regime. It was designed to enable indigenous shipping companies
Maritime organization approves Bering Strait shipping routes
Anchorage, Alaska (AP) An international agency that sets standards for marine safety has approved two-way shipping routes into the Arctic Ocean through the Bering Strait. The International Maritime Organization, an arm of the United Nations, accepted routes proposed by the United States and Russia for safe navigation in the water between
U.S Port of New York/New Jersey has record volume with import decline
NPA Moves to Tackle Increased Attacks On Vessels
Following the increased attacked on vessels berthed at the Lagos Ports Complex (LPC), the Nigerian Ports Authority (NPA) has outlined strategies to curb such attacks. The Managing Director of the NPA, Ms. Hadeza Bala-Usman who disclosed this at a quarterly stakeholders meeting in Lagos, admitted that there are challenges in the
Maersk doubling fees for cancelled, rolled cargo
Penalties hiked for outbound cargo from China booked on the shipping line’s portal. Maersk Line said it is increasing both the fee charged shippers that book outbound cargo from China on its online computer portal ship.maerskline.com and then cancel the shipment as well as the penalty it pays shippers if cargo
Transit Oil Cargo At Tanzania’s Dar Port Grows By 50%
Dodoma - TRANSIT oil cargo through the Dar es Salaam port grew by 48.5 percent in the first months of this year as compared to corresponding period last year. According to the country's Petroleum Bulk Procurement Agency (PBPA) data, transit fuel shipped through the port increased by 49 percent, thanks to