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Author Archives: CT Report

Nigerian court sentences nine Asian jail in oil smuggling case

ABUJA: Nigerian court on Tuesday gave five sailors from the Philippines and four from Bangladesh a choice between jail and paying a hefty fine after convicting them of oil smuggling. The suspects were arrested in March in Lagos Lagoon aboard the MT Asteris, which prosecutors said was used to illegally store 3,423 tonnes of crude oil. They were each convicted ... Read More »

Egypt’s tourism revenues expected to grow $8b in 2016

SHARJAH: Egypt’s tourism revenues are expected to grow to between $7.5 and $8 billion next year, as the country works on restoring tourists’ confidence, the country’s Tourism Minister, Hisham Zaazou, said on Wednesday. Speaking to reporters on the sidelines of the Arab Ministerial Council for Tourism in Sharjah, Zaazou said tourism revenues are expected to reach between $6 billion and ... Read More »

Quebec man arrested in immigrant smuggling case

OTTAWA: Two men have been sentenced for separately smuggling a total of eight immigrants across the Canadian border into northern New York. The U.S. Attorney’s Office in Albany says 29-year-old Christopher Square of Kahnawake, Que., was sentenced to nine months in prison. Prosecutors say Square, a dual citizen of the U.S. and Canada, was caught smuggling three people in a ... Read More »

RVera revenues increase over 30%

WASHINGTON: Through the first three quarters of 2015, the Cajun RVera showed operating revenues up more than 30 percent compared to the same period last year. That said, RV park officials still are striving to generate enough income to cover debt payments on the $5 million borrowed to construct the $7.5 million facility. According to figures from the Iberia Parish Government ... Read More »

RCMP charges 2 men for smuggling liquid cocaine in orange juice

OTTAWA: Canada Border Services Agency officer tests orange juice containers for illegal substances in Halifax on Nov.16, 2015. The RCMP says it found 44 litres of liquid cocaine concealed in over 40 cartons of orange juice. A Canada Border Services Agency officer tests orange juice containers for illegal substances in Halifax on Nov.16, 2015. The RCMP says it found 44 ... Read More »

Kogas completes $1.2b first stage of LNG import terminal

SEOUL: South Korean utility company Kogas has completed the US$1.2 billion first stage of its LNG-import terminal at Samcheok, east of Seoul, a year later than originally planned. Samcheok LNG is due to be completed in three stages, to store up to 2.4 million mᶾ of LNG in 12 200,000mᶾ tanks. So far, the project has completed four storage tanks, ... Read More »

EU assist Ukraine with EUR2m for customs officers training

KIEV: The State Fiscal Service has signed a contract with a consortium of European partners consisting of Germany, Poland and Lithuania on the introduction of a TWINNING project on “Supporting the State Fiscal Service of Ukraine in the development of new standards and approaches for integrated border management”. Head of the State Fiscal Service Roman Nasirov said during a ceremony ... Read More »

Jersey customs arrests two on drug import charges

SAINT HELIER: A man and a woman from London have been charged with importing drugs into Jersey after their car was seized at the harbour. The 41-year old man and a 36-year old woman have not been named by customs officials. A car allegedly containing 30 kilos of cannabis was seized as it arrived in Jersey from Poole on the ... Read More »

Customs division urges govt for new recruitment

ACCRA: Mr. Isaac Crentsil, Deputy Commissioner (DC), Post Clearance Audit of Customs Division of the Ghana Revenue Authority (GRA) has appealed to Management of the Authority to discuss with Government to employ new staff to replace retired ones. DC Crentsil made the appeal when he represented the Commissioner of Customs, Mr. John Vianney at a Pull-Out Ceremony in honour of ... Read More »

Ascendas launches third private real estate fund in South Korea

SEOUL: Ascendas Asset Management launched its third private real estate fund in South Korea, the Ascendas Korea Office Private Real Estate Investment Trust 3 (AKOPREIT3), according to a news release by the company. AKOPREIT3 is a seven-year closed private fund that holds Jongro Place, a Grade A office building in the central business district of Seoul, South Korea that was ... Read More »

Philippines Customs passes modernization bill

MANILA: The proposed law which will modernize the Bureau of Customs (BoC) and the tariff system was approved on second reading at the Senate, closing off any individual or committee amendments to the bill tagged as a priority measure by the government and the business sector. Senate Bill No. 2968, otherwise known as the Customs Modernization and Tariff Act (CMTA), ... Read More »

Japan economy grows most in year

TOKYO: This year has seen a decline in the growth of the Chinese economy, a cause that analysts believe to be the main driver of 2015’s global economic slowdown. The world’s largest economy’s GDP growth rate has declined to 6.9% according to the most recent quarter’s reports. Among the reasons given for the weaker growth are disappointing trade and manufacturing. ... Read More »

Customs seizes nearly 1,300 counterfeit Christmas toys

NEW YORK: Customs officers have seized nearly 1,300 counterfeit toys in a raid on a post depot in the run up to Christmas. The toys were a mixture of costumes and dolls, many of which were poor copies of Disney originals that had been made without licence in China. They also included copies of Pokemon cards and Lego models. Customs ... Read More »

Oyo Customs generates N13billion revenue in Nov  

ABUJA: Nigeria Custom service, Oyo and Osun command Tuesday revealed it has generated over N13billion between the months of January and November, 2015. The command had also made over three hundred million Naira in the said months. Briefing the pressmen at the command headquarters in Ibadan, the custom area commander, Abdulsalam Hazzan said the command will continue to build on ... Read More »

Port of LA containerized imports surge by 7.6% in Nov

LOS ANGELES: Containerized imports at the Port of Los Angeles rose 7.6 percent in November compared to the same month last year, another indication that West Coast ports have put the labor problems of 2014-15 behind them and are positioned for growth. Wednesday’s numbers posted by the largest U.S. port followed an announcement last week by Long Beach, the second-largest ... Read More »

WTO members sign deal to cut import tariffs on 201 IT products

NAIROBI: More than 50 members of the World Trade Organization signed an agreement on Wednesday to remove import tariffs on 201 information technology products, marking the first major global tariff-cutting deal in 19 years. The products covered account for 10 percent of global trade and should mean consumers pay less for items such as GPS navigation systems, computers and other ... Read More »

Pak rupee further loses value in cash-free market

KARACHI: The Pakistani rupee Thursday continued to lose value against the US dollar in open market, however, it remained unchanged in interbank. According to the local money market, the greenback added another five paisas in open market to reach 106.45 and remained firm in interbank at 104.40. On Wednesday, the dollar gained five paisas in the cash-free market for selling ... Read More »

Indian gov’t rises import tariff value on gold

NEW DELHI: The government today raised import tariff value on gold marginally to $347 per 10 grams but reduced it on silver to $448 per kg, taking into account global price trend. During the first fortnight of this month, the tariff value on imported gold was fixed at $344 per 10 grams and on silver it was $461 per kg. ... Read More »

Hong Kong bans import of poultry meat, products

VICTORIA: The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced today (December 17) that in view of a notification from the World Organisation for Animal Health (OIE) about an outbreak of highly pathogenic H5N1 avian influenza in Ba Ria – Vung Tau Province, Vietnam, it has banned the import of poultry meat and products (including ... Read More »

Shipping intelligence report of KPT

KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Thursday. ALONG SIDE (Bulk Oil Pier): Berth No Ship Working Agent Berthing Date OP-I Evridiki D. Petrol Wilhelmsen 16/12/15 OP-II Meridian Express D. SB Oil Alpine 17/12/15 OP-III Pacific Marchioness D. Chemical Alpine 15/12/15 ALONG SIDE (East Wharves): 2/3 Kavala ... Read More »