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Maritime

Stakeholders slam CMA CGM’s sudden tariff hike

Stakeholders in Nigeria’s maritime and trade sector have raised concerns over CMA CGM’s recent hike in local shipping charges, calling it a “rude shock” with serious economic implications. CMA CGM, French shipping giant announced the new rates in a statement, effective March 10 2025, following the Nigerian Ports Authority’s 15 per cent increase in port […]

Maritime

Maritime stakeholders reveal Nigeria loses trillions annually

Maritime stakeholders have said that the country loses N1 trillion annually due to the lack of cash disbursed from the Cabotage Vessels Financing Fund. This was disclosed by stakeholders in the maritime sector during a recent meeting with the new Director General of the Maritime Administration and Safety Agency, Dr. Dayo Mobereola in Lagos, according […]

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