By Temitope Adebayo President Bola Tinubu has directed the Federal Ministry of Marine and Blue Economy to resuscitate the national shipping line through a strategic Public-Private Partnership (PPP) in order to capture a substantial share of the ship charter market create jobs and boost the economy. The Minister of Marine and Blue Economy, Adegboyega Oyetola, […]
Despite a recovery in cargo shipping markets, ship manning costs will remain suppressed as shipowners and operators continue to be financially- challenged; and the officer shortfall recedes, this is according to the latest Manning report published by global shipping consultancy, Drewry. The lack of confidence in the industry has seen wage increases almost at a […]
The world’s third largest container line CMA CGM is taking container shipping size to another level with a recent 20, 000 teu capacity ship orders. The company just recently posted a 43.2 per cent jump in net profit in 2014 to $584m, as it finalises orders for the largest containerships yet ordered. In continued […]