Consortium To Develop Zero-Emission Tugs

Consortium To Develop Zero-Emission Tugs

United Kingdom (UK) shipbuilder Harland & Wolff has joined forces with Macduff Ship Designers, Kongsberg Maritime and Echandia, to create a UK consortium with a common vision to develop and build a zero emissions harbour and coastal tug. World Maritime...
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Samsung Gets $518m Contract For Two LNG Carriers  

Samsung Gets $518m Contract For Two LNG Carriers  

South Korean shipbuilding company, Samsung Heavy Industries (SHI) has received an order to construct two liquified natural gas (LNG) carriers. World Maritime News report that the South Korean heavyweight signed the contract with an undisclosed shipowner f...
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Qatar Airways Cargo Completes IATA CEIV Certifications

Qatar Airways Cargo Completes IATA CEIV Certifications

Qatar Airways Cargo along with its ground handling partner, Qatar Aviation Services (QAS) Cargo has announced its latest achievement – the IATA Centre of Excellence for Independent Validators in Perishable Logistics (CEIV Fresh) certification.  In a sta...
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Firms Seal LNG Bunkering Partnership

Firms Seal LNG Bunkering Partnership

Italian maritime transportation group, Fratelli Cosulich has started a collaboration with low and zero-emission fuels supplier, Titan as it seeks to strengthen its position in the European LNG bunkering market. As part of this collaboration, Fratelli Cosu...
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MOL Appoints First Female Captain

MOL Appoints First Female Captain

Japanese shipping major, Mitsui O.S.K. Lines (MOL) has appointed Naomi Matsushita as the captain of its car carrier, Beluga Ace, effective June 6. World Maritime News report that the decision marks a significant step forward for gender diversity in the...
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Shipowners Implore UN Member State On Ambitious Course For 2050

Shipowners Implore UN Member State On Ambitious Course For 2050

The International Chamber of Shipping (ICS),  which represents over 80% of the world’s merchant fleet, has submitted detailed proposal for the next round of IMO negotiations set for July this year with the aim of increasing decarbonization tar...
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WFE Create New Certification For Market Infrastructure

WFE Create New Certification For Market Infrastructure

The World Federation of Exchanges (WFE) has announced the creation of a new Market Infrastructure Certificate (MIC) programme, the first of its kind, which is aimed at educating the next generation of financial services leaders globally.City Business News repo...
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Maersk Reports $5.7b Drop In Q1 Profit

Maersk Reports $5.7b Drop In Q1 Profit

Danish container shipping major Maersk has reported a massive drop in its ocean revenue for the first quarter of this year, plunging by $5.7 billion to $9.9 billion year-on-year amid lower freight rates and softened demand. Last year saw a...
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7 Jostle For IMO Top Job

7 Jostle For IMO Top Job

Seven member states of the International Maritime Organization (IMO) have nominated candidates for the post of Secretary-General, as the term of the current incumbent, Kitack Lim of the Republic of Korea, is set to expire on December 31, 2023. The...
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Air Peace Launches Nonstop Flights To India

Air Peace Launches Nonstop Flights To India

West and Central Africa’s leading airline, Air Peace, in its characteristic way of setting aviation records, achieved another first on March 31, 2023, by launching direct, nonstop flight services to Mumbai, the capital city of Maharashtra State in Southweste...
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Envoy: All Set For Air Peace Direct Flight To India March 31

Envoy: All Set For Air Peace Direct Flight To India March 31

The much-anticipated direct flights from Nigeria to India is set to commence on March 31, 2023, Mr Gangadharan Balasubramanian, Indian High Commissioner to Nigeria, has said. Balasubramanian told the News Agency of Nigeria (NAN) in Abuja that Air Peace, a...
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Pfizer Stakes $43b On Seagen  

Pfizer Stakes $43b On Seagen  

Pfizer, the pharmaceutical giant, has entered a merger agreement with Seagan Inc., a global biotechnology company, for $43 billion or $229 per share. Seagan discovers, develops and commercialises cancer medicines. The companies expect to complete the merger in...
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<strong>Qatar Airways Cargo Celebrates International Women’s Day With All-Female Flight</strong>

Qatar Airways Cargo Celebrates International Women’s Day With All-Female Flight

Qatar Airways Cargo celebrated International Women’s Day with a scheduled Boeing 777 freighter from Doha to Shanghai operated entirely by crew  made up of women.  A statement explained that from the ground staff overseeing and handling the cargo, t...
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India Bans Oil Tankers Older Than 25 Years

India Bans Oil Tankers Older Than 25 Years

India is ramping up efforts aimed at modernizing its fleet and is reviewing the requirements of the registration and operation of ships to ensure the quality of the Indian flag. As a result, the country is withdrawing trading licenses to...
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