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Monthly Archives: July 2017

Alleged 282 Missing vessels: ‘Vessels are not pins’- Advertorial

  (TRADE NEWSWIRE): Following allegations that 282 Vessels got missing under the watch of the Nigerian Ports Authority (NPA) between 2010 and 2016 by the Senate Committee on Customs, Excise and Tariff, the management of the NPA wishes to issue the following statement. On Thursday, July 20, 2017, the Senate Committee on Customs, Excise and Tariff handed over documents containing ...

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Amaechi, NPA MD Hadiza Usman attend NIWA International Conference & Exhibition -Photos

   

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African Day of the Seas and Oceans celebration- Photos

   

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African seas, oceans posses huge economic opportunities- NIMASA DG

(TRADE NEWSWIRE): At a well-attended event by stakeholders and experts in the maritime sector to commemorate this year’s “Africa Day of Seas and Oceans”, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has disclosed that Africa seas and oceans possess huge economic opportunities that can take the continent to the next level, TRADE ...

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Nakilat concludes half year 2017 with net profit of QR 409 million

    (TRADE NEWSWIRE): Nakilat recorded its financial results for the first half of the year ended 30 June 2017 with a net profit of QR 409 million compared to QR 501 million of the same period last year in 2016,TRADE NEWSWIRE reports. The lower profit was mainly attributed to the lower number of charter hire days in the current ...

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Executive Order: NIMASA commences 24-hour turnaround time for issuing Debit notes

  (TRADE NEWSWIRE): In compliance with the Presidential directive on the resumption of 24 hour port operations in Lagos ports, the Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced a 24 hour turnaround time for analysing cargo manifests and issuing Debit Notes to Shipping Agents, TRADE NEWSWIRE reports. In a statement obtained by TRADE NEWSWIRE from the Head of ...

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Allegation: Nigerians should stop registering with nucdeng.top, its fraud-like – investigation

  (TRADE NEWSWIRE): Haven painstakingly followed the website http://nucdengi.top and http://ahadengi.club to actually unravel the authenticity of the e-commerce site, ordinarily, the investigation would have been carried out independently without informing the public, but it will be a hard task to do without getting the public involved in their activities because of the number of referrals demanded before payment could ...

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Nigerian Wrestling Federation executives at inauguration of National Sports Federations board- Photo

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9mobile to Host Abuja SMEs at its Market Access Forum

    (TRADE NEWSWIRE): In further demonstration of its commitment to the growth of start-up businesses, innovative and customer-friendly telecommunication company, 9mobile in partnership with the Enterprise Development Centre of the Pan Atlantic University will host Small and Medium Scale Enterprises (SMEs) in Abuja and environs at the 17th edition of its quarterly business networking and empowerment session, Market Access ...

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Port efficiency: AAMA chair identifies infrastructure, Regulatory framework as antidotes to make African ports competitive

   (TRADE NEWSWIRE): The Chairman, Association of African Maritime Administrators, Dr Dakuku Peterside, has identified investment in world class infrastructure; strengthened Regulatory Frameworks: enhanced Institutional Cooperation; and implementation of one-stop portals like the national single window and adequate Investment in human capital as remedial factors that will make African ports efficient and competitive, TRADE NEWSWIRE reports. Perterside, who is the ...

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FSRU Project: Nakilat in strategic alliance with Höegh LNG for ‘flexible delivery’ of LNG to global market

    (TRADE NEWSWIRE): Nakilat has signed a Memorandum of Understanding (MoU) with Höegh LNG to collaborate on the utilisation of Floating Storage and Regasification Unit (FSRU) as part of its strategic solutions to diversify and explore opportunities for effective and efficient delivery of LNG product to the global market  on Tuesday in Qatar, TRADE NEWSWIRE reports. (Floating Storage and ...

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Calabar Fire outbreak: NPA condoles with families, state government- Advertorial

  (TRADE NEWSWIRE): The management and board of the Nigerian Ports Authority commiserate with the Cross River State Government and families of people who lost their lives in the unfortunate fire incident which occurred at the Linc Oil and Gas tank farm located at the Calabar free trade zone facility on Sunday, July 16, 2017. The Authority has commenced an ...

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Executive Order: NPA commences Single Interface Cargo Examination in ports

    .No more other cargo examinations outside single interface .Approved govt agencies to implement Single Interface Cargo Examination in their designated locations at ports . Single Interface Cargo Examination to be implemented at ports across Nigeria (TRADE NEWSWIRE): Following the commencement of 24-hour port operations born out of Executive order issued by the Federal Government of late, a Socio-Economic ...

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Visitation: NPA MD Hadiza Bala Usman receives LSSTF to strengthen security in Lagos- Photos

  (TRADE NEWSWIRE): In view of her recent pledge to contribute to engendering safety and security of Lagos state, the Management of the Nigerian Ports Authority (NPA) led by a Socio-Economic Reformer and Managing Director of the NPA, Hadiza Bala Usman, has received the Management of the Lagos State Security Trust Fund (LSSTF) to this effect, TRADE NEWSWIRE reports. Members ...

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Security: NPA pledges continuous support for Lagos State Security Trust Fund

    (TRADE NEWSWIRE): The Management of the Nigerian Ports Authority (NPA) has pledged its support for the operations of the Lagos State Security Trust Fund (LSSTF), as part of its contributions to engendering safety and security of the state, TRADE NEWSWIRE reports In a statement obtained by TRADE NEWSWIRE from the Principal Manager, Public Affairs, NPA, Ibrahim Nasiru,a Socio-Economic ...

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Environmental protection: Let’s conserve marine ecosystem to sustain ocean resources- Peterside

      (TRADE NEWSWIRE): The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside, has called on stakeholders to conserve marine ecosystem for the sustenance of ocean resources so as to engender environmental protection, TRADE NEWSWIRE reports. Peterside, who made this appeal while speaking at a two-day Regional Conference on Marine Safety and Fisheries Protection ...

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Admirality law: No maritime sector without legal framework- NIMASA DG

    (TRADE NEWSWIRE): The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said that there can be no maritime sector without admiralty law considering its strategic importance in the governance of every aspect of shipping, TRADE NEWSWIRE reports. Peterside, who stated this when the Executive members of the Nigerian Maritime Law Association (NMLA), ...

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Symbol of Unity: Nakilat installs ‘Tamim Al-Majd’ portrait in solidarity with Qatar

    (TRADE NEWSWIRE): Nakilat has installed a mural board- (portrait) of the artwork ‘Tamim Al Majd’ on Monday at its Head Office in Shoumoukh Tower, as a symbol of Unity to all Qataris and those residing in the State of Qatar, TRADE NEWSWIRE reports. In a statement obtained by TRADENEWSWIRE from Nakilat, present during the installation of the mural ...

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Lagos Island flood disaster: Note of warning to victim mockers, Islanders and the Government

    (TRADE NEWSWIRE): Yoruba elders say (Ojo n pa iyo inu ori n dun, ta ni ko mo pe bi ojo bada tan, orun lo ma ran lati yo ori na) English meaning (While the rain falls on salt and got it dissolved, shea-butter was making jest of salt as it dissolves, who does not know that once its ...

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Fire breaks out at London’s Camden Lock Market

LONDON: Firefighters have brought under control the blaze in a building in London’s Camden Market, the London Fire Brigade said on Monday (Jul 10). The cause of the fire was unknown and there were no immediate reports of any injuries or casualties. The London Fire Brigade said on Twitter the “fire is now under control but crews will be damping ...

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Iraq PM hails forces for securing Mosul ‘victory’

MOSUL: Iraq’s Prime Minister Haider al-Abadi visited Mosul on Sunday (Jul 9), hailing his forces for securing “victory” over the Islamic State group, their biggest yet against the militants. Abadi’s office said he was visiting “liberated” Mosul to congratulate his “heroic fighters”, but the premier later indicated he would only declare victory once final pockets of resistance were cleared. “Victory ...

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COSCO Shipping, Orient Overseas shares leap after lofty US$6.3 billion bid

SHANGHAI: COSCO Shipping’s and Hong Kong’s Orient Overseas International Ltd’s (OOIL) shares leapt on Monday after the Chinese shipping giant made a US$6.3 billion offer for its smaller rival on Sunday. Analysts said the pricing of the deal, at a 31.1 percent premium to OOIL’s previous close, was high given the global container shipping industry is only just beginning to ...

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North Korea warns of nuclear ‘tipping point’ over US bomber drill

SEOUL: North Korea on Sunday (Jul 9) lashed out at a live-fire drill the US and South Korea staged in a show of force against Pyongyang, accusing Washington of pushing the peninsula to the “tipping point” of nuclear war. The allies held the rare live-fire drill as tensions grew over the peninsula following the North’s first intercontinental ballistic missile (ICBM) ...

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NIMASA Executive Director, 23 others bag NSE Fellowship

    (TRADE NEWSWIRE): The Executive Director in charge of Operations in the Nigerian Maritime Administration and Safety Agency (NIMASA), Engineer Rotimi Fashakin, has been conferred with the Fellowship of the Nigerian Society of Engineers (FNSE), the umbrella body of the Engineering profession in Nigeria, TRADE NEWSWIRE reports. In a statement obtained by TRADE NEWSWIRE from the Head of Corporate ...

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Nakilat assumes management of LNG Al Sheehaniya

    (TRADE NEWSWIRE): Nakilat has assumed full ship management and operations of Q-Flex LNG carrier Al Sheehaniya from STASCo (Shell Trading and Shipping Company Ltd.) with effect from 6 July 2017, as part of the planned and phased transition announced on 19th October 2016, TRADE NEWSWIRE reports. According to a statement obtained by TRADE NEWSWIRE from Nakilat Shipping Qatar ...

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Performance review: NPA MD Hadiza Usman receives report on implementation of 24-hours Port operation

  (TRADE NEWSWIRE):  A Socio-Economic Reformer and Managing Director of the Nigerian Ports Authority, Hadiza Bala Usman, has received a Joint Stakeholders Committee report on the 24-hours port operation so far implemented for performance review, TRADE NEWSWIRE reports. Upon receipt of the submitted Joint Stakeholders Committee report, NPA MD had consequently put in place effective machinery to comprehensively review the ...

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‘Welcome to Hell’ anti-G20 protests begin

HAMBURG: Several thousand demonstrators vowing to “Smash G20!” marched on Thursday (Jul 6) with Hamburg police bracing for possible violence from a hardcore of several hundred hard-left activists. Police put the number of participants at some 8,000 at the beginning of the procession that was due to head towards and encircle the venue for the Group of 20 summit starting ...

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France takes guns from people on list of might-be militants – minister

PARIS: France is confiscating weapons from roughly 100 people on a watchlist of potential Islamist militants, the interior minister said on Thursday, two weeks after state prosecutors said an assailant inspired by Islamic State had been a gun-club member. Minister Gerard Collomb was speaking ahead of a parliamentary vote to extend emergency search-and-arrest powers given to police after Islamist gunmen ...

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Transparency of operations: NPA welcomes Senate’s investigation of its JV Enterprises

  (TRADE NEWSWIRE): As part of her supports for transparent operations, a Socio-Economic Reformer and Managing Director of the Nigerian Ports Authority (NPA), Ms Hadiza Bala-Usman, has welcomed the decision of the Nigerian Senate to look into the activities of the Joint Venture Enterprises of the NPA with contracting companies, TRADE NEWSWIRE reports. The contracting companies in this regard are ...

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US, South Korea stage show of force after North Korea ICBM test

WASHINGTON: US and South Korean troops fired missiles into the waters off South Korea, the US military said on Tuesday (Jul 4), in a show of force after North Korea’s ICBM test. “The deep strike precision capability enables the (South Korean)-US alliance to engage the full array of time critical targets under all weather conditions,” the US Army said in ...

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North Korea test-fires ballistic missile ahead of G20 summit

SEOUL: North Korea test-launched a ballistic missile from its western region into the sea off its east coast on Tuesday, South Korea’s military said, ahead of a summit of leaders from the Group of 20 nations in Germany later this week. The missile flew for about 40 minutes and landed in Japan’s Exclusive Economic Zone (EEZ), the Japanese government said, ...

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A life of service to God & humanity: Kano-born Pan African leader Yusuf Maitama Sule goes home @ 88

  (TRADE NEWSWIRE): Yusuf Maitama Sule, the Dan Masanin Kano, who was born on October 1929 and died on 3rd of July 2017, was a politician, acclaimed orator and diplomat of note in Nigeria in particular and Africa in general, who lived a life of service to God and humanity, TRADE NEWSWIRE reports. In 1976, he became the Federal Commissioner ...

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GE closes Baker Hughes deal, becomes No. 2 oilfield service provider

HOUSTON: General Electric Co on Monday completed its buyout of Baker Hughes Inc, merging it with its own oil and gas equipment and services operations to create the world’s second-largest oilfield service provider by revenue. The new company, to be called “Baker Hughes, a GE company,” will begin trading on Wednesday on the New York Stock Exchange under the stock ...

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Feeling unwanted and unwelcome, African migrants hit by new tax in Israel

TEL AVIV: Nine years ago, Teklit Michael fled Eritrea to avoid military conscription, survived a perilous journey across the Sinai peninsula and sought asylum in Israel. The 29-year-old Eritrean community organiser now works as a cook at a restaurant in south Tel Aviv – alone, without family and in legal limbo, awaiting a response to his asylum request. Since May, ...

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Total signs major Iran gas deal, defying US pressure

TEHRAN: French energy giant Total was set to defy US pressure on Monday (Jul 3), signing a multi-billion-dollar gas deal with Iran, the first by a European firm in more than a decade. Total is to invest an initial US$1 billion (€880 million) in the South Pars offshore gas field as part of a consortium with Chinese and Iranian firms. ...

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China opens up US$10 trillion bond market in liberalisation step

SHANGHAI: China on Monday (Jul 3) widened access to its US$10 trillion bond market, which analysts said will boost Beijing’s drive to internationalise the yuan and more deeply integrate its markets with the world financial system. The new window for foreign investors was opened via Hong Kong, where “qualified investors” such as central banks, sovereign wealth funds and major financial ...

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Islamic State cornered in Mosul as Iraq prepares victory celebrations

MOSUL, Iraq: Islamic State fighters were battling to hold on to the last few streets under their control in the Old City of Mosul on Monday, in what looked like a hopeless last stand in their former stronghold. In fierce fighting, Iraqi army units forced the insurgents back, cornering them in a shrinking rectangle no more than 300 metres (yards) ...

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Qatar responds to demands after deadline extended

KUWAIT: Qatar on Monday (Jul 3) responded to a list of demands from Saudi Arabia and its allies after they agreed to give a defiant Doha another 48 hours to address their grievances. Details of the response were not immediately available, but a Gulf official told AFP that Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani had delivered it during ...

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Trump talks North Korea threat in calls with China, Japan leaders

BRIDGEWATER, N.J.: The threat posed by North Korea was a key topic in phone calls between U.S. President Donald Trump and the leaders of China and Japan, along with trade issues, the White House said on Sunday. Trump spoke with Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe ahead of expected meetings with the leaders of Asia’s two ...

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Saudi Arabia, allies give Qatar two more days to accept demands

DUBAI/DOHA: Four Arab states which accuse Qatar of supporting terrorism agreed to extend until late on Tuesday a deadline for Doha to comply with a list of demands, as U.S. President Donald Trump voiced concern to both sides about the dispute. Qatar has called the charges baseless and says the demands – including closing Qatar-based al Jazeera TV and ejecting ...

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U.S. Warship Claims Freedom of Navigation

  The U.S. guided-missile destroyer USS Stethem sailed near a disputed island in the South China Sea claimed by China, Taiwan and Vietnam on Sunday. The freedom-of-navigation operation was designed to challenge the competing claims of all three nations, a U.S. Defense Department official said. The vessel sailed within 12 nautical miles of Triton Island, part of the Paracel Islands. ...

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Japanese Carriers Forge Ahead with Alliance

Kawasaki Kisen Kaisha (K-Line), Mitsui O.S.K. (MOL) and Nippon Yusen Kabushiki Kaisha (NYK) have formally established a joint holding company for their container business alliance. The new company, named Ocean Network Express, includes terminal operation businesses outside Japan. The three companies have received all the necessary approvals with local competition laws, except for South Africa. In South Africa, the new ...

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CMA CGM Sells Stake in Los Angeles Terminal

  CMA CGM has signed a binding agreement for the sale of a 90 percent equity interest in the Global Gateway South terminal in Los Angeles for $817 million. CMA CGM is selling the share to EQT Infrastructure III and its partner P5 Infrastructure but will retain a minority 10 percent share of the terminal, which it acquired last year ...

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Keppel Readies World’s First FLNG Conversion

    Keppel Offshore & Marine’s subsidiary, Keppel Shipyard will soon deliver the world’s first converted floating LNG (FLNG) to Golar LNG. The vessel was named Hilli Episeyo at a ceremony in Keppel Shipyard on Sunday. Upon completion, the FLNG will be put in operation offshore Kribi, Cameroon, for Société Nationale des Hydrocarbures and Perenco Cameroon, and will be the ...

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‘Govt working to commence academic activities in Nigeria Maritime University next session’

  (TRADE NEWSWIRE): The Nigeria Maritime University (NMU), academic activities will possibly commence by next academic session owing to efforts of governments at both Federal and State levels to that effect, a Strategic Management Professional and Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said, TRADE NEWSWIRE reports. In a statement obtained by TRADE NEWSWIRE from ...

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