The Nigerian Shippers’ Council (NSC) weekend sounded a fresh note of warning to shipping companies and some service providers that circumvent the law by either over-billing shippers on demurrage charges or indulging in the indiscriminate imposition of illegal charges. This is just as the ports economic regulator said its field officers
Month: March 2018
Petrol demand hits 50 million litres daily, NNPC incurs N24bn monthly as subsidy
The Nigerian National Petroleum Corporation on Sunday announced that it was spending N774m daily (about N23.99bn monthly) as subsidy on the 50 million litres of Premium Motor Spirit consumed across the country. Although it described the amount as under-recovery, the oil firm stated that the amount was due to the proliferation
FedEx won’t drop the NRA so these companies are dropping FedEx
Unlike dozens of other companies, FedEx has stood firm with the National Rifle Association Companies cutting FedEx ties Despite a massive online campaign and an exodus by other major companies that had previously partnered with the National Rifle Association in various ways, FedEx has stood firm that it will not cut ties with the group.
Confederation of Zimbabwe Industry Welcomes National Railways Revival
The revival of National Railways of Zimbabwe comes as one of the key economic deliverables that will set many companies on a recovery trajectory as it has potential to significantly lower heavy industries' transport costs, Confederation of Zimbabwe Industry (CZI) Bulawayo chapter president Joseph Gunda has said. President Mnangagwa commissioned a
State of Global Logistics: Delivering above and beyond – Commentary
Industry experts agree that costs across all sectors worldwide will continue to rise in 2018, and the most successful shippers will be those that are able to mitigate their impact on profitability. And, the right technology will play an increasingly vital role in driving efficiencies across the global logistics network. By Patrick
UPS announces further expansion of its Worldwide Express service
The endeavour, which is comprised of expanded service into 57 countries and territories, including Brazil, India, and South Korea, and five new countries receiving Express service, including Bangladesh and Madagascar, said UPS. UPS said this week that its UPS Worldwide Express Service now is available in 124 countries and territories. This service provides customers with
Malaysia’s AirAsia says still with Airbus, no plans to buy Boeing planes
KUALA LUMPUR - Malaysian budget airline AirAsia Bhd is sticking with Airbus and has no plans currently to purchase Boeing aircraft, Group CEO Tony Fernandes said at a press briefing late on Thursday. “Boeing is keen to have us as a customer...but right now we are still very much an Airbus customer,” he told
In Lagos Agents, importers now pay more on demurrage, container deposits
Following the gridlock on Apapa-Oshodi Expressway occasioned by the dilapidation of the road, importers and agents now pay more for demurrage and return of their empty containers, Daily Sun reported. According to an agent, who spoke to Daily Sun on the condition of anonymity, the shipping firms make it difficult for them to
CBN Appoints Three Pre-shipment Agencies for Non-oil Export
The Central Bank of Nigeria (CBN), named the PIAs as Messrs. Cobalt International Services Limited, Carmine Assayer Limited and Neroli Technologies Limited. Nigeria has appointed three Pre-Shipment Inspection Agencies (PIAs) for the non-oil export with a view to further enhancing the nation’s export trade. In a memo issued on
Airport Security: FAAN Explains Failure to Fortify Fences at Airports till 2019
Despite reported incidents of runway incursions, easy access to airport premises by miscreants and high number of stowaways, THISDAY has gathered that the Federal Airports Authority of Nigeria (FAAN) might not be able to install security and perimeter fences at any of the airports till 2019. This is because the cost