Bethel Olujobi

1 week ago | businessday.ng | Bethel Olujobi

The first vessel powered by liquefied natural gas (LNG) to call at a seaport in West Africa has berth in Lagos, Nigeria. On Tuesday, the Kota Oasis, a 260 metre-long containership, with a gross tonnage of 77,850 was received at APM Terminals in Apapa. The vessel, owned by Pacific International Lines (PIL), a Singaporean shipping company, is part of a new generation of dual-fuel ships designed to reduce greenhouse gas emissions as global shipping leans towards environmentally-friendly trade.

1 week ago | businessday.ng | Bethel Olujobi

Ports & Cargo Handling Services Limited, a subsidiary of SIFAX Group, has received IPSARION, the largest general cargo vessel ever handled at its terminal at Tin Can Island Port, Lagos. The Malta-flagged bulk carrier, which spans nearly 200 metres in length and has a gross tonnage of 36,560, arrived with a mix of industrial cargo from Europe, including construction equipment, steel rods, vehicles, chemicals, and power generation machinery.

1 week ago | businessday.ng | Bethel Olujobi

Nigeria has called on the global community to urgently ratify the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement and scale up funding support for blue economy initiatives in developing countries, warning that failure to act now could undermine efforts to protect and sustainably manage the world’s oceans.

1 week ago | businessday.ng | Bethel Olujobi

The Nigerian Ports Authority (NPA) has directed shipping lines and APM Terminals Apapa to implement a set of urgent measures aimed at tackling the persistent congestion caused by the delayed evacuation of empty containers at the Lagos port. This comes amid rising complaints over slow container movement and operational gridlock at the APMT terminal, which is a key gateway for Nigeria’s imports and exports.

2 weeks ago | businessday.ng | Bethel Olujobi

China has announced plans to remove all tariffs on imports from all African countries except one as part of efforts to deepen trade relations and open up its vast consumer market to the continent. The pledge, made during a high-level economic and trade forum with African ministers in Changsha this week, marks a major expansion of China’s preferential trade policy, which previously applied mostly to least-developed countries (LDCs).