IMF downgrades 2023 growth projection, puts 2022 at 3.4 % By Eyo Nsima The International Monetary Fund (IMF) has put Nigeria’s 2022 economic growth projection at 3.4 percent. In its July 2022 World Economic Outlook (WEO), titled, “Gloomy and More Uncertain”, released Tuesday, the IMF downgraded the nation’s 2023 projection to 3.2 percent, from 3.3 […]
NIGERIA: IMF downgrades 2023 growth projection, puts 2022 at 3.4 % Read More »
EXPORT: Tin-can Customs records 73% rise By Eyo Nsima Tin-can Island Command of the Nigeria Customs Service, NCS, has recorded a 73 percent Year-on-Year, YoY, increase in the volume of export cargo through the port in the first half of 2022. According to the Command, it collected a total of N274.3 billion during the period.
EXPORT: Tin-can Customs records 73% rise Read More »
By Eyo Nsima ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block, thus increasing its reserves. The discoveries at Seabob and Kiru-Kiru are the sixth and seventh in Guyana this year, with the total number of discoveries in Guyana at more than 25.
UPSTREAM: ExxonMobil makes two more discoveries offshore Guyana Read More »
Ikike field comes on stream, adds 50,000 bpd to Nigeria’s oil output By Eyo Nsima TotalEnergies Ikike oil field has come on stream, promising to add 50,000 barrels per day, bpd, to Nigeria’s output. The field, which is located on Oil Mining Lease, OML99, has TotalEnergies as operator (40%) in partnership with the Nigerian National
Ikike field comes on stream, adds 50,000 bpd to Nigeria’s oil output Read More »
By Our Correspondent Tug BLUE DRAGON 12 has suffered explosion and subsequently, sank in Indonesia, according to FleetMon. It stated: “Tug BLUE DRAGON 12 suffered explosion and subsequently, sank, in the afternoon Jul 23 in Semoi Setawir, Sungai Sepaku river, upstream from Balikpapan, Eastern Kalimantan Makassar Strait, Indonesia. “Of 12 people on board, 4 suffered
MARITIME ACCIDENT: Tug sank after explosion as 4 burnt, 1 missing in Indonesia Read More »
By Eyo Nsima Today, BAT unveiled glo™ hyper X2 in Tokyo, Japan, the latest innovation from glo™, BAT’s fast-growing global heated tobacco brand. The product’s innovative new ‘barrel styling’ design is shaped by consumer insights, offering new, innovative, user-friendly features. Building on the ground-breaking glo™ hyper+, which launched in 2020, hyper X2 incorporates advanced induction
BAT launches glo™ hyper X2: latest, state-of-the-art heated tobacco product Read More »
By Our Correspondent Ro-ro VICTORY RORO was intercepted by the European Union, EU Navy Operation IRINI ships – Greek and Italian frigates, in Mediterranean off Libyan coast, on July 18, 2022 according to track analysis. It stated: “The ship was boarded and inspected on suspicion of illegal arms transportation to Libya. VICTORY RORO was en
MARITIME: Ro-ro ship with military vehicles intercepted in Med off Libya Read More »
By Our Correspondent Fresh facts have emerged on how the Filipino crew died in Korea, according to FleetMon. The crew was previously thought to have been killed as one account had stated: “Body of Filipino seaman who died in a work-related accident was transferred from bulk carrier LOWLANDS COMFORT to authorities in Banda Aceh waters,
MARITIME ACCIDENT: How Filipino crew died in Korea Read More »
Ship design company plans first Fully Electric RO-Pax Ferry in Greece By Our Correspondent The Netherlands-based ship design and engineering company has been contracted by Greek ferry operator Saronic Ferries to design and develop the first fully electric Ro-Pax ferry in Greece, according to FleetMon. It stated: “The Netherlands-based ship design and engineering company has
Ship design company plans first Fully Electric RO-Pax Ferry in Greece Read More »
By Our correspondent River-sea type reefer MAGDEBURG has struck anchored river-sea type product tanker LENANEFT in Russia, according to FleetMon. It stated: “River-sea type reefer MAGDEBURG, struck anchored river-sea type product tanker LENANEFT 2031 on July18, 2022 on river Lena, Yakutia Region, Siberia, Russia. “Tanker hull was breached in forecastle area, port side, above waterline.”
MARITIME ACCIDENT: How Reefer struck tanker in Siberia, Russia Read More »
