Haulage companies operating at the Apapa and Tin-Can Island Ports are facing increasing financial pressure following a sharp decline in haulage rates, with operators struggling to meet bank loan repayments and other financial obligations. The decline has been attributed largely to delays in the arrival of vessels at Nigerian ports following attacks on commercial shipping…
The Maritime Correspondents’ Organisation of Nigeria (MARCON) and the Maritime Workers Union of Nigeria (MWUN) have renewed their commitment to strengthening collaboration towards the growth and development of Nigeria’s marine and blue economy sector. The commitment was made on Tuesday when the President of MARCON, Ismail Aniemu, led members of the organisation’s executive to pay…
The Lagos State Waterways Authority (LASWA) has intensified safety measures across the state’s waterways as increasing water transport activities continue to support commuting, trade and other economic activities. The General Manager of LASWA, Oluwadamilola Emmanuel, disclosed this on Wednesday at the 11th edition of the three-day Lagos International Maritime Week (LIMWEEK) in Lagos. Emmanuel, who…
APM Terminals has signed a Memorandum of Understanding with Badagry Port Development Limited to explore the development of the proposed Badagry Deep-Seaport in Lagos State. The agreement was signed on Monday, September 7, 2026, in Copenhagen, Denmark, during a visit by the Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, who led a Federal…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has called for stronger integration between offshore petroleum operations and the maritime industry to attract investment, create jobs and unlock Nigeria’s blue-economy potential. The NUPRC Chief Executive, Mrs Oritsemeyiwa Eyisan, made the call on Tuesday in Lagos at the 2026 Lagos International Maritime Week (LIMWEEK). Eyisan, who was…
The Lagos State Government has announced plans to deepen investment in waterways and other alternative transportation systems as part of efforts to ease traffic congestion and improve the movement of people and agricultural produce across the state. The Commissioner for Economic Planning and Budget, Ope George, disclosed this during the 2027 Budget Consultative Forum organised…
APM Terminals has signed a Memorandum of Understanding with Badagry Port Development Limited to explore the development of the proposed Badagry Deep-Seaport in Lagos State. The agreement was signed on Monday, September 7, 2026, in Copenhagen, Denmark, during a visit by the Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, who led a Federal…
The Federal Government is set to begin disbursing the long-awaited Cabotage Vessel Financing Fund (CVFF), with qualified Nigerian shipowners eligible to access up to $25 million each to acquire vessels and expand their operations. The Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed this on Monday, saying the initiative was aimed at strengthening indigenous…
