Shipping

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U.S. parcel delivery giant FedEx Corp (FDX.N) has said that it hasn't seen much of a shift to air freight due to disruptions in the Red Sea that have tacked on nearly two weeks to shipping transit times. "Shipping over the ocean makes up…

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Shippers across the world are switching away from the Red Sea after Iranian-backed Houthi militants in Yemen stepped up attacks on vessels in the Gulf region to show their support for Palestinian Islamist group Hamas fighting Israel in…

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The Federal Inland Revenue Service (FIRS), has charged non-domestic companies shipping crude oil from Nigeria to ensure strict compliance with the country’s tax laws in their operations. FIRS Chairman, Zach Adedeji gave the charge in…

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The Federal Competition and Consumer Protection Commission (FCCPC) has opened investigations into shipping in Nigeria, following credible information centred around exchange of commercially sensitive information, raising the cost of…

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The Nigerian  Government has moved to reduce human contact at the Nigerian ports with 70% digitalization of ports' operations achieved. This was disclosed by the Executive Secretary of the Nigerian Shippers’ Council (NSC), Mr…

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The Nigerian Senate on Wednesday mandated its Committee on Marine Transport to engage stakeholders in the shipping industry and the Nigerian Ports Authority (NPA) with a view to curbing the exorbitant increase in shipping fees in the…

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The Nigerian Ports Authority (NPA) has empowered port managers to sanction shipping companies that are unwilling to return empty containers, as well as stop collection of illegal money for depositing empty containers at their holding bays.…