Category: Maritime

Fire Destroys RoRo Ship
April 10, 2019 No Responses

Fire Destroys RoRo Ship

Panama-flagged roll-on/roll-off (RoRo) ship Al Fayrouz caught fire while underway in the Red Sea on April 8. According to Saudi Arabian Border Guards, the 101-meter was in international waters, 60 nautical miles off Saudi Arabia’s Farasan Islands, when the incident...
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Shippers Council Wins Ease Of Doing Business Award
April 9, 2019 No Responses

Shippers Council Wins Ease Of Doing Business Award

The Nigerian Shippers’ Council (NSC) under the leadership of the Executive Secretary, Hassan Bello has won the “World Bank 2019 Ease of  Doing Business Ranking Award”.   The award is in recognition of efforts made by  NSC to drive the...
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Global Piracy Drops By 42 Per Cent
April 9, 2019 No Responses

Global Piracy Drops By 42 Per Cent

The first quarter of 2019 saw fewer incidents of piracy and armed robbery against ships, compared to the first three months of 2018, a report shows. According to the report issued by the International Chamber of Commerce (ICC) International Maritime...
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Shipping Firm Develops New Port Supply Chain
April 7, 2019 No Responses

Shipping Firm Develops New Port Supply Chain

Hong Kong-based port operator COSCO Shipping Ports signed an investment agreement with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau. Under the deal, the company plans to develop phase I of terminal extended business in the land n...
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CMA CGM Christens New Ship For French West Indies
April 6, 2019 No Responses

CMA CGM Christens New Ship For French West Indies

French container shipping company CMA CGM has christened CMA CGM Fort De France, the company’s 1st vessel dedicated to the French West Indies. The Post-Panamax containership was christened by Annick Girardin, French Minister for Overseas Territories, in Mart...
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Firm Seals LNG Carrier Charter Deal With JERA
April 3, 2019 No Responses

Firm Seals LNG Carrier Charter Deal With JERA

Greece-based shipping company Maran Gas Maritime, a subsidiary of the Angelicoussis Group, has concluded a time charter contract with Japan’s JERA for one LNG carrier newbuild. Maran Gas signed the agreement with LNG Marine Transport Limited (LMT), a unit of...
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Shipping Firm Secures $407m Financing
March 31, 2019 No Responses

Shipping Firm Secures $407m Financing

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has decided to raise JPY 45 billion (USD 406.6 million) through a new subordinate loan. As informed, the loan proceeds will be used for the repayment of interest-bearing debts and capital expenditures...
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Firms Seal 12-Year LNG Deal
March 29, 2019 No Responses

Firms Seal 12-Year LNG Deal

Monaco-based LNG carrier owner and operator GasLog has entered into a 12-year fixed-term charter with Japan’s JERA for a newbuild LNG carrier. GasLog signed the agreement with LNG Marine Transport Limited, the principal LNG shipping entity of JERA. The vesse...
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LNG Fueled Ferry Joins Brittany Network
March 27, 2019 No Responses

LNG Fueled Ferry Joins Brittany Network

French shipping company Brittany Ferries has confirmed the charter of a third brand new cruise-ferry to serve its long-haul routes. To be powered by LNG, the ship will be built at the AVIC Weihai Shipyard in China and is due...
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LNG Firm Seals 12 Months Charter Deal
March 25, 2019 No Responses

LNG Firm Seals 12 Months Charter Deal

UK-based Flex LNG has entered into a time-charter agreement with an international energy major for one of its LNG carriers. As announced by the company, the time charter period is for a firm period of 12 months and will start...
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Shell, Unilever, Heineken, Others Partner Maersk On Decarbonixation Of Ocean Shipping
March 23, 2019 No Responses

Shell, Unilever, Heineken, Others Partner Maersk On Decarbonixation Of Ocean Shipping

Convinced of the urgency to act on climate, a group of Dutch multinationals – FrieslandCampina, Heineken, Philips, DSM, Shell and Unilever – all members of the Dutch Sustainable Growth Coalition (DSGC), will join forces with A.P. Moller – Mae...
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NIMASA Signs Sea Time Training MoU For Nigerian Cadets With India
March 23, 2019 No Responses

NIMASA Signs Sea Time Training MoU For Nigerian Cadets With India

The Nigerian Maritime Administration and Safety Agency (NIMASA) has restated its commitment to partnerships with international institutions for sea time training of Nigerians under the Nigerian Seafarers Development Programme (NSDP). Director General of NIMASA...
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Samsung Secures Fresh Order For $190.6m LNG Carrier
March 23, 2019 No Responses

Samsung Secures Fresh Order For $190.6m LNG Carrier

South Korea’s Samsung Heavy Industries has signed a deal for the construction of one more liquefied natural gas (LNG) carrier. According to the company’s stock exchange filing, the new order has a value of KRW 215.4 billion (USD 190.6 million)....
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NIMASA, Stakeholders Move To End Cabotage Waivers
March 22, 2019 No Responses

NIMASA, Stakeholders Move To End Cabotage Waivers

As part of efforts to actualise the full implementation of the Cabotage Act, 2003, which aims to promote indigenous participation in shipping in Nigeria, the Nigerian Maritime Administration and Safety Agency (NIMASA) and key industry players have mapped out a...
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