Group Managing Director of the Nigerian National Petroleum Corpoation (NNPC), Dr. Maikanta Baru has said that Nigerian shipping companies do not have the capacity to participate in the affreightment of the nation’s crude oil. NNPC’s preference for foreign companies in shipping Nigeria’s crude oil to the international market has been a bone of contention between…

French container shipping company, CMA CGM has reacted to the controversy surrounding its recently introduced congestion surcharge.  The company said the charge is operation based and was not imposed by CMA CGM Nigeria as a local agent but by the ship owners. Managing Director, CMA CGM Nigeria, Todd Rives, made the clarification in a statement…