LAGOS DECEMBER 21ST (NEWSRANGERS)-President of the Ship Owners Association of Nigeria, Mkgeorge Oyung, yesterday called for the relocation of the residents of Ajegunle, a suburb in Lagos, with a view to enhancing the value of Apapa Wharf. He stressed the need for the federal and Lagos state governments to recreate the Apapa Port by relocating…
LAGOS AUGUST 10TH (NEWSRANGERS)-In Africa, chartering vessels and processing ocean freight can be challenging. The sector is largely inefficient and fragmented. Merchants also struggle to access finance to perform cross-border trade in the continent. A couple of digital freight companies are tackling this problem, like Nigerian-based MVX. The company today is announcing its $1.3 million…
LAGOS FEBRUARY 17TH (NEWSRANGERS)-The Mozart was 200 miles off Nigeria’s coast when the pirates made their assault, their speed boat cutting through the Gulf of Guinea’s waters to outpace the container ship. Armed men scrambled onboard as the Turkish crew locked down in the ship’s “citadel” secure area. For six hours, pirates used the ship’s…
LAGOS JANUARY 17TH (NEWSRANGERS)-Shipowners and other stakeholders in the maritime sector are on the verge of getting the desired change in trade terms from Free On Board (FOB) to Cost Insurance and Freight (CIF) which would enable them to begin to lift Nigeria crude and ultimately boost indigenous capacity. The development was a fall out…