In a significant escalation of maritime tensions, French shipowner CMA CGM confirmed a targeted attack on its vessel in the Strait of Hormuz on Tuesday. The incident, involving the San Antonio, has triggered immediate security concerns across one of the world’s most critical shipping lanes. Missiles reportedly struck the Maltese-flagged CMA CGM San Antonio during its passage through the Strait. CMA CGM later issued a formal confirmation: “The CMA CGM San Antonio, was the target of an attack yesterday while transiting the Strait of Hormuz, resulting in injuries among crew…
Category: Economy
World’s Largest Container Carrier Announces New Route Bypassing Strait of Hormuz
Bypassing the Hormuz chokepoint, the world’s largest container carriers has unveiled a high-speed link between Europe and the Middle East. This innovative route swaps the blocked strait for a cross-Saudi trucking network and regional feeder vessels, effectively redrawing the map for global trade. Geopolitical volatility in the Red Sea and the Strait of Hormuz is forcing a massive maritime pivot. With traditional routes blocked, Africa has become the essential corridor for global trade, according to the latest logistics and maritime data. As the maritime blockade persists, Arab News reports a…
Global Trade at Risk as IRGC Implements Stricter Controls Over Strait of Hormuz
Amid escalating tensions, Iran’s Islamic Revolutionary Guard Corps (IRGC) has announced a new set of maritime regulations for the waters along its southern coastline. This move aims to tighten control over strategic routes in the Arabian Gulf and the Strait of Hormuz, with the IRGC Navy asserting its dominance over nearly 2,000 km of Iran’s vital maritime borders. Iranian state media, led by Press TV, reported a major escalation in maritime policy late Friday into Saturday morning. This shift follows a chilling ultimatum from Supreme Leader Mojtaba Khamenei, who warned…
Dismantling Barriers: Akutah Urges ACCI to Leverage Trainings and Shared Information to Bolster Non-Oil Sector
The Executive Secretary/CEO of the Nigerian Shippers’ Council (NSC), Akutah Pius Ukeyima, Esq, MON,FCILT, Ph.D received the Director General of the Abuja Chamber of Commerce and Industry (ACCI), Mr. Agabaidu Chukwuemeka Jideani, at the Council’s Liaison Office on Wednesday, April 29. This high-level engagement marks a new chapter in the partnership between the Port Economic Regulator and the organized private sector, aimed at unlocking fresh opportunities for Nigeria’s economic expansion. In his welcome address, Dr. Akutah underscored that the engagement was more than a ceremonial gesture; it was a mission-driven…
Breaking the Chain: CILT Backs EFCC to Sanitize Nigeria’s Logistics & Transport Sector.
Positioning for greater local and global integrity, the Chartered Institute of Logistics and Transport (CILT) Nigeria paid a strategic visit to the Economic and Financial Crimes Commission (EFCC) headquarters in Abuja on Thursday, April 23. Led by President Dr. Boboye Oyeyemi, the delegation sought to deepen ties and advance anti-corruption initiatives within Nigeria’s vital transport and logistics sector CILT Nigeria President Dr. Boboye Oyeyemi spearheaded the high-powered delegation, joined by key Council members including Dr. Emmanuel Onwodi (Abuja Branch Chairman), VP North Sani Matthew Ibrahim, and Rakiya Nuhu. Rounding out…
PORT OF PLENTY, PIPELINES OF LOSS: A NATIONAL REAWAKENING CALL ON MARITIME- ENABLED RESOURCE LEAKAGES.
……….How systemic opacity, foreign-dominated logistics, and policy inconsistencies are draining Nigeria’s wealth and what must urgently change. —By: Dr. Eugene Nweke, RffHead of ResearchSea Empowerment and Research Center (SEREC) ♻️ Executive Summary Nigeria’s maritime domain—designed to serve as the engine room of trade and economic expansion—has increasingly become a critical channel for value erosion. Beneath the façade of rising cargo throughput lies a more troubling reality: the systematic extraction of national wealth through poorly governed export systems, weak industrial linkages, and entrenched trade cartels. This bulletin presents a candid, evidence-based…
Beyond the Docks: Shippers’ Council Targets Port Revolution Through Shipping & Terminal Ties; Urges Swift Clearance for Power Projects, Warning Delays Hinder Vital Energy Investments
Marking a landmark milestone for the Nation’s Maritime Ecosystem, the Nigerian Shippers’ Council Governing Board Chairman, H.E. Dr. Ibrahim Shehu Shema, CON, declared that intensified engagement with service providers will unlock a new era of transformative growth across Nigeria’s maritime sector This was contained in a statement issued by NSC’s Head of Public Relations, Rebecca Adamu. Board Chairman H.E. Dr. Ibrahim Shehu Shema, CON, stated this as Executive Secretary/CEO Dr. Pius Akutah, MON, led the Council’s Board and management on courtesy visits to CMA CGM and APM Terminals in Apapa,…
Port Efficiency: Shippers’ Council & NRS Engage Service Providers to Resolve Single Window Technical Latency
To bolster port efficiency, the Nigerian Shippers’ Council (NSC) and Nigeria Revenue Service (NRS) are partnering with shipping companies and terminal operators to grant relief to stakeholders hit by National Single Window (NSW) implementation delays. This intervention ensures THAT stakeholders (importers and clearing agents) are not unfairly penalized by system-induced “glitches” as the nation migrates to a more streamlined digital trade platform. At a high-stakes meeting held Friday, April 10, at the NSC’s Lagos headquarters, maritime regulators and private sector leaders gathered to fine-tune the nation’s new digital trade landscape.…
25 Cattle Markets Shut in Four Bauchi LGAs Over Security Concerns
By Bashir Hassan Abubakar The Bauchi State Government has ordered the immediate suspension of operations in selected cattle markets across Alkaleri, Bauchi, Kirfi and Tafawa Balewa Local Government Areas, citing rising insecurity.A statement from Government House said the decision, approved by Governor Bala Abdulkadir Mohammed, affects several markets identified as hotspots for criminal activities. According to the government, the affected markets have been linked to cattle rustling, killings, kidnapping, extortion and illegal arms transactions, posing serious threats to lives, livelihoods and food supply chains. The identified markets based on the…
Hormuz Lockdown: Iran Defies Peace Deal, Shuts Key Waterway to Oil Tankers
Despite the 14-day ceasefire between the United States and Iran, hopes for a swift resumption of maritime traffic in the Gulf have been dashed. More than 24 hours after President Trump announced the truce—conditioned specifically on the reopening of the Strait of Hormuz—commercial shipping remains at a near-standstill. AIS tracking data from Pole Star Global reveals that while a handful of vessels have transited the waterway since the ceasefire took effect, the vast majority were bound exclusively for Iranian ports. According to AXSMarine, approximately 959 vessels are currently positioned west of the Strait…