Category: Maritime

COSCO Shipping To Deliver 2018 Q1 Profit
April 27, 2018 No Responses

COSCO Shipping To Deliver 2018 Q1 Profit

COSCO Shipping International (Singapore) said it expects to deliver 2018 first quarter.  In its latest profit guidance for the first quarter ended March 31, 2018, the company said that its board of directors is of the view that the first...
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LNG Takes Centre Stage As Shipowners Weigh Future Marine Fuel options
April 26, 2018 No Responses

LNG Takes Centre Stage As Shipowners Weigh Future Marine Fuel options

With less than two years before the sulphur cap comes into force, LNG is looking more plausible as the marine fuel of the 21st century, according to shipping consultancy Drewry. Many shipowners are still weighing up the dilemma of how...
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NIMASA Canvasses Sustainable Use of Ocean Resources
April 25, 2018 No Responses

NIMASA Canvasses Sustainable Use of Ocean Resources

The Nigerian Maritime Administration and Safety Agency (NIMASA) has inaugurated Marine Litter Marshals to assist the Agency in ridding the oceans of unwanted waste materials that could cause environmental degradation and also impede safety of navigation on the...
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Improve Health, Safety Operations, ITF Urges Hutchison Ports
April 25, 2018 No Responses

Improve Health, Safety Operations, ITF Urges Hutchison Ports

The International Transport Workers’ Federation (ITF) has urged Hutchison Ports to address health and safety incidents across their global operations, after a dockworker suffered multiple injuries in a fall at the company’s Port Botany terminal. The ITF...
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Eximbank Pledges $700m For Shipping
April 22, 2018 No Responses

Eximbank Pledges $700m For Shipping

The Export–Import Bank of Korea (KEXIM) has committed to provide the country’s shipping industry with KRW 800 billion ( approximately USD 750 million) worth of loans and guarantees this year. The loans will be provided to shipping companies for buying...
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Report: LNG Tanker Violates Safety Rules
April 21, 2018 No Responses

Report: LNG Tanker Violates Safety Rules

The 2017-built LNG tanker Boris Vilkitsky, owned by Dynagas Holdings, violated a number of safety rules by entering the Northern Sea Route (NSR) with deficiencies, World Maritime News has indicated.  Namely, the 96,958 dwt ice class tanker, which trans...
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South Africa, KCT Seal Agenda For New Terminal
April 18, 2018 No Responses

South Africa, KCT Seal Agenda For New Terminal

South Africa’s Transnet National Ports Authority (TNPA) has signed a deal with KwaZulu Cruise Terminal (KCT) that will see the delivery of a new cruise facility in the Port of Durban by October 2020. Under the agreement, signed between the parties on Apr...
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CMA CGM to Operate Lekki Port’s Container Terminal
April 17, 2018 No Responses

CMA CGM to Operate Lekki Port’s Container Terminal

French container shipping giant CMA CGM and Lekki Port LFTZ Enterprise have signed a Memorandum of Agreement to operate Lekki Port’s future container terminal. CMA CGM, through its subsidiary CMA Terminals, will be responsible for marketing, operations an...
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IMO Members Agree on 50 % Emissions Cut
April 15, 2018 No Responses

IMO Members Agree on 50 % Emissions Cut

Countries attending the International Maritime Organization (IMO) meeting in London agreed to require the shipping sector to reduce its emissions by at least 50 pct by 2050 compared to 2008. “Today’s commitment by governments to require international shipp...
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NIMASA Signs MoU With World Maritime University On Capacity Building
April 14, 2018 No Responses

NIMASA Signs MoU With World Maritime University On Capacity Building

The Nigerian Maritime Administration and safety Agency, NIMASA, has signed a Memorandum of Understanding (MoU) with the World Maritime University, Malmo Sweden to develop human capacity for the Nigerian maritime sector.   Speaking shortly after the signing of...
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Growing US Imports Threatened by Developing Trade War
April 10, 2018 No Responses

Growing US Imports Threatened by Developing Trade War

Imports at major retail container ports in the US are expected to grow 5.8 percent in April, but could be threatened by a developing trade war between the US and China, the National Retail Federation said. “Tariffs are a tax on...
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Samsung Electronics Stakes $192m On SHI Shares
April 8, 2018 No Responses

Samsung Electronics Stakes $192m On SHI Shares

Samsung Electronics intends to participate in Samsung Heavy Industries’ (SHI) rights offering by investing KRW 204.06 billion (USD 191.8 million). The technology company unveiled the decision to acquire 34.76 million shares in SHI in its stock exchange filin...
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NPA Implores Stakeholders On $42.3m, N600m Debt
April 4, 2018 No Responses

NPA Implores Stakeholders On $42.3m, N600m Debt

Ahead of the proposed “aggressive debt recovery exercise” of Nigerian Ports Authority (NPA), Rivers Port Complex has explained  that it generated $62.3million and N1.2Billion in 2017, compared to $57.6million and N772.4million recorded in 2016.   Out of ...
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First LNG Cargo From United States Arrives In Indian
April 3, 2018 No Responses

First LNG Cargo From United States Arrives In Indian

India has received its first LNG cargo from the United States, gas utility company GAIL said. The Denmark-flagged Meridian Spirit carrying 120,000 tons of cargo docked at Dabhol on March 30, 2018. GAIL hired the ship in September 2017 to...
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