Indian seafarers crew Yang Ming’s LNG dual-fuel container vessels under Synergy management – Tycoon World

New Delhi | 12 February 2026: Synergy Marine Group has assumed technical management of “YM WILLPOWER” and “YM WORTHINESS”, two newly delivered LNG dual-fuel

NRK reveals: Russian used Norwegian company to fool the West

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Maritime Inspections | AI Visual Inspection | ombrulla

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PORT INFRASTRUCTURAL INVESTMENTS AND MARITIME INDUSTRY PERFORMANCE : EVIDENCE FROM NIGERIA

<p xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" class="first" dir="auto" id="d1751951e100">This study investigates the relationship between port infrastructural investments and maritime industry performance in Nigeria. The study aims to evaluate the impact of port infrastructure investments on maritime industry performance and examine how vessel turn-around time influences this performance. The research employed Maritime sector gross domestic product contribution (MSRGDP) as the dependent variable while Infrastructure index (INFRIN) and Vessel turn-around time (VESTAT) served as the independent variables. The work used econometric techniques such as ordinary least square (OLS) regression analysis, and co-integration to study the relationship between the variables at 5% confidence level. The study using the modified model with an R-Square value of 0.7224, indicating the model’s goodness of fit, found that investments in port infrastructure (INFRIN) (with coefficient = 0.3067; p-value = 0.0363) and reductions in vessel turn-around time (VESTAT) (with coefficient = -0.1642; p-value = 0.0137) are positively associated with maritime sector GDP (MSRGDP). The results suggest that in the short term, port infrastructure investments showed an immediate impact on MSRGDP, while co-integration analysis revealed sustained benefits (p-value = 0.0001 & 0.0245 for trace and maximum eigenvalue respectively) over several years. Also, reduction in vessel turn-around time revealed an immediate impact on MSRGDP in the short term and the co-integration analysis depicts endured benefits (p-value = 0.0001 & 0.0475 for trace and maximum eigenvalue) over longer years. The study recommends that the government should prioritise modernising port facilities, streamlining cargo handling processes/procedures, and implementing advanced logistics systems to optimise turn-around time. </p>