Category: Maritime

1,000 Seaports Commit To Sustainable Growth, Development
March 25, 2018 No Responses

1,000 Seaports Commit To Sustainable Growth, Development

Nearly 1,000 ports and port-related companies have  committed themselves in Antwerp to achieving the 17 Sustainable Development Goals (SDGs) set by the United Nations. On March 22, a two-day event held under the auspices of the World Ports Sustainability Program...
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Volkswagen Places Order For LNG-Powered Car Carrier
March 24, 2018 No Responses

Volkswagen Places Order For LNG-Powered Car Carrier

China’s Xiamen Shipbuilding has started building the first of two 7,500 CEU LNG pure car truck carrier (PCTC) vessels ordered by Siem Car Carriers. According to the company, from 2019, the ships powered by liquefied natural gas are to be operated...
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Initiative For Climate-Smart Shipping Debuts
March 23, 2018 No Responses

Initiative For Climate-Smart Shipping Debuts

Electromobility for Shipping is the name of a new collaboration between six actors with the aim to increase the electrification of shipping. Swedish ferry company Stena AB, the Swedish Shipowners’ Association, ABB Sweden AB, ABB Marine Oy, research institut...
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Dakuku: Maritime Sector Has Capacity to Catalyze Economic Growth
March 20, 2018 No Responses

Dakuku: Maritime Sector Has Capacity to Catalyze Economic Growth

  The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has stated that the Nigerian maritime sector has the capacity to catalyze economic growth and also gave the assurance that the Agency will not...
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CMA CGM Lifts 19m Containers In 2017, Explains $701m Income
March 18, 2018 No Responses

CMA CGM Lifts 19m Containers In 2017, Explains $701m Income

French shipping giant CMA CGM returned to profitability in 2017 as its consolidated net income group share for the year amounted to USD 701 million, a sharp increase compared to the loss of USD 452 million reported in 2016. In...
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Kuwait Seals $467m Financing for Eight Tankers, Orders VLCC
March 16, 2018 No Responses

Kuwait Seals $467m Financing for Eight Tankers, Orders VLCC

Kuwait Oil Tanker Company (KOTC) has signed  a financing deal with a syndicate of banks worth around USD 467 million (KD 140 million). The financing will be provided by Warba Bank, Ahli United Bank and Kuwait International. The ten-year financing...
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Budget Implementation: Dakuku Assures House Committee on Accountability
March 15, 2018 No Responses

Budget Implementation: Dakuku Assures House Committee on Accountability

The Nigerian Maritime Administration and Safety Agency (NIMASA) has received commendations from the House of Representatives Committee on Maritime Safety, Education and Administration for its performance in the 2017 budget implementation adding that NIMASA sho...
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Lexus Announces Future Production of Larger Luxury Yacht
March 13, 2018 No Responses

Lexus Announces Future Production of Larger Luxury Yacht

The unique Lexus Sport Yacht concept was recognized with a special award by Japan’s “Boat of the Year” committee at the Japan International Boat Show in Yokohama on Monday  According to reports, the one-of-a-kind Lexus Sport Yacht stunned the automotive...
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Daewoo Shipbuilding Posts $629.7 million Income In 2017
March 13, 2018 No Responses

Daewoo Shipbuilding Posts $629.7 million Income In 2017

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has managed to improve its financial performance for the first time since 2011. The company recorded a net income of KRW 669.9 billion (USD 629.7 million) in 2017, compared to a...
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NIMASA To Partner BPE On National Shipping Line
March 12, 2018 No Responses

NIMASA To Partner BPE On National Shipping Line

The Nigerian Maritime Administration and Safety Agency (NIMASA) on Monday expressed willingness to partner the Bureau of Public Enterprises (BPE) to refloat a National Shipping Line. The Director General of NIMASA, Dr. Dakuku Peterside who made this known when...
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Hyundai Abandons Options for Five Additional Tankers
March 11, 2018 No Responses

Hyundai Abandons Options for Five Additional Tankers

South Korean shipping giant Hyundai Merchant Marine has decided to abandon its options for five additional tankers, the company confirmed to World Maritime News. The company’s very large crude carrier (VLCC) options were a part of an earlier shipbuilding a...
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Report: Seafarers Happiness Index Down
March 10, 2018 No Responses

Report: Seafarers Happiness Index Down

The average seafarer happiness level in the fourth quarter of 2017 was 6.25 out of 10, according to the Mission to Seafarers’ relaunched Seafarer Happiness Index (SHI). The results show a downward trend when compared to the surveys conducted in 2015 and...
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NIMASA elevates 638 staff
March 5, 2018 No Responses

NIMASA elevates 638 staff

The Governing Board of the Nigerian Maritime Administration and Safety Agency (NIMASA) has approved the promotion of 85 Management Staff and 553 non-staff. The promotions were ratified at the meeting of the Board of the Agency in Lagos under the...
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Kaztec Engineering To Invest $1.5b In Shipyard
March 2, 2018 No Responses

Kaztec Engineering To Invest $1.5b In Shipyard

Mr Marc Robillard, the Commercial Manager of Kaztec Engineering Limited, said his company would invest another 750 million dollars to its existing 300 million dollars investment in Nigeria’s maritime sector. Robillard disclosed this on Thursday in Abuja afte...
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