Ban on loading & movement in Nigerian watersRecent press reports have stated that 113 named crude carriers have been blacklisted by the Nigerian National Petroleum Corporation (NNPC).
A…
The diplomatic agreement of 14 July 2015 between the E3/EU+3 and the Islamic Republic of Iran opens the way for the restoration of trade activates with Iran by lifting the trade, energy, insurance…
UPDATE: The latest strike against a merchant ship off the Libyan coast on the 24th May emphasises the unpredictable situation that currently prevails in this region. The tanker ‘Anwaar Afriqah’…
Credit rating firm A.M. Best announced on the 1st of April that it had affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “A-” of The United Kingdom Mutual…
Further to yesterday's announcement, the Managers have received updated reports that the rebel forces have taken over the city of Aden and that the port of Aden is closed.
Following the air strikes…
Following our update on Wednesday 25 March, the Managers have received some further information on the current situation in Nigeria. In the lead up to the General Elections, most…
The Managers have received reports that the port of Aden, Yemen, has closed today, 26 March 2015, amid heavy fighting between Houthi rebels and pro-government forces.
We have been informed that the…
The Managers have today received reports that the Nigerian authorities plan to close the country's land and sea borders with effect from 0000 25 March LT until 0000 LT 28 March 2015, whilst elections…
