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
Author: Casandra Aniemeke
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.
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
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
DHL partners with Cologne Business School to ‘go green’
DHL Global Forwarding, the logistics arm of Deutsche Post DHL, has published a white paper in partnership with the Cologne Business School, in an endeavor to incorporate sustainable practices into its supply chain. The white paper lists actions that all forwarders and logistics firms can take to “intensify their environmentally friendly
Inside the world’s biggest automated package sorting facility – bigger 90 football fields (Video)
Nigeria needs $2bn to revive Lagos-Kano rail line – VP
Lagos-Ibadan standard gauge line Nigeria's Vice-President, Yemi Osinbajo, said on Wednesday that the country requires about $2bn (N610bn) to revive the Lagos-Kano rail line as part of efforts to boost local and international trade along the northern and southern zones. Osinbajo spoke at the opening of the inaugural edition of the Lagos-Kano Economic