Nigeria Launches Port Modernization Program to Boost Maritime Economy

The Minister of Marine and Blue Economy, Adegboyega Oyetola, revealed plans for a port modernization program with the Nigerian Ports Authority focusing on Apapa and Tincan Island ports. This initiative aims to enhance port infrastructure, reduce turnaround time, and address challenges in the maritime sector. Oyetola emphasized the importance of a holistic approach.

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Singapore at 60: From Colonial Trading Port to Global Maritime Powerhouse

Singapore will mark 60 years of independence on 9 August, showcasing its transformation from a trading port to a global maritime powerhouse. The city-state’s shipowning sector has flourished, contributing over $5 billion annually to the economy. With top maritime rankings globally, Singapore’s success story reflects innovation, sustainability, and strategic positioning in the industry.

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Philippines’ ICTSI Plans Major Port Upgrades in 2025 Amid Profit Surge

International Container Terminal Services (ICTSI) in the Philippines is investing $580 million in capital expenditures for 2025 after a record-breaking year in 2024. The company’s financial strength allows for new opportunities, including the $800 million Luzon International Container Terminal in Batangas. ICTSI is also expanding terminals in Congo, Mexico, and Brazil.

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