Maritime/Shipping

London/New York, May 21, 2025 – Companies importing goods into the United States from China are rushing to convert warehouses into facilities that are exempt from President Donald Trump’s tariffs until they are ready to sell the merchandise. The U.S. has more than 1,700 bonded warehouses, facilities where imported goods can be held without immediate payment of customs duties such as tariffs, currently 30% for shipments from China. Such fees are only paid when the goods leave the bonded warehouse, allowing businesses to manage funds more effectively at a time …

Lagos, April 16, 2025 – Adegboyega Oyetola, the Minister of Marine and Blue Economy, has directed the disbursement of the Cabotage Vessel Financing Fund (CVFF) estimated at over $400 million. The minister gave the directive to the Nigerian Maritime Administration and Safety Agency (NIMASA) on Tuesday. The minister said the commencement of disbursement of the CVFF, would be in line with the intentional best practices and facilitate the achievement of economic agenda of President Bola Tinubu. “This is not just about disbursing funds. It’s about rewriting a chapter in our maritime …

Lagos, March 22, 2025 – The federal government has continued its advocacy for formal designation of seafarers as key workers to ensure their legal protection and a harmonised framework that supports safe working conditions for them. Gboyega Oyetola, the Minister of Marine and Blue Economy, continued the advocacy at the just concluded 353rd Session of the ILO governing body held between March 10 and March 20, 2025. The minister, who was represented by Dayo Mobereola, the Director General of NIMASA, said the role of seafarers and workers must be recognised, held in …

…We must prioritise sustainable, responsible maritime practices – Mobereola Lagos, March 19, 2025- Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola has called on maritime stakeholders in Africa to leverage the continent’s renewable energy potential to become a global leader in green shipping. The minister made the call at the maiden Africa Strategic Summit on Shipping Decarbonization, held in Abuja on Monday. He said with the International Maritime Organization (IMO) advancing efforts to adopt the Greenhouse Gas (GHG) Emissions Reduction Strategy, Africa must assert its presence and safeguard its …

Lagos, Feb. 25, 2025 – The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to fostering a level playing field and creating an enabling environment for businesses in Nigeria’s maritime sector. Dr. Dayo Mobereola, the Director General of NIMASA, made the pledge while receiving executive members of the Nigerian Merchant Navy Officers and Water Transport Senior Staff Association. He promised that under the supervision of the Ministry of Marine and Blue Economy, led by Adegboyega Oyetola, NIMASA is taking strategic steps to enhance local participation and encourage …

Lagos, Feb. 22, 2025 – Adegboyega Oyetola, the Minister of Marine and Blue Economy, says Nigeria is desirous of strengthening maritime collaboration with The Gambia to enhance regional security and economic growth. The minister said at the just concluded 4th Blue Economy Conference in Banjul, The Gambia. He said Nigeria was committed to expanding its maritime security infrastructure beyond its territorial waters.  The minister, who was represented by Dr. Dayo Mobereola, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), said discussions were ongoing regarding the potential …