Category: Maritime

‘Nigeria’s maritime sector, haven of opportunities for investors’
June 7, 2017 No Responses

‘Nigeria’s maritime sector, haven of opportunities for investors’

The Minister of Transportation, Rotimi Amaechi has stated that the Nigerian maritime sector is a haven of opportunities for the world maritime industry to tap into.  The Minister who made this known while speaking at the “Africa @ Nor” session...
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Pressure mounts on Shipping as Trump pulls out of Paris Accord
June 5, 2017 No Responses

Pressure mounts on Shipping as Trump pulls out of Paris Accord

The decision of the President Donald Trump on US withdrawal from the Paris Agreement exerts further pressure on all major industrial sectors to deliver their fair share of carbon cuts, including shipping, according to NGOs focusing on environmental issues in ...
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Drewry: Container carriers heading to profit
May 30, 2017 No Responses

Drewry: Container carriers heading to profit

The majority of container shipping lines lost money in the first three months of 2017, but higher rates and fast-growing demand will soon show on the bottom line, according to shipping consultancy Drewry. In its last Container Forecaster report, Drewry...
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FG gives agencies 60 days to harmonise operations at Seaports, insists on 24 hour services at Apapa
May 19, 2017 No Responses

FG gives agencies 60 days to harmonise operations at Seaports, insists on 24 hour services at Apapa

By Moses Ebosele –   The Acting President, Yemi Osinbajo, on Thursday signed three executive orders “that will significantly change some of the ways government business and operations are conducted in the country forthwith”.   Ahead of the signing...
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Maersk Group declares $253m profit in first quarter
May 12, 2017 No Responses

Maersk Group declares $253m profit in first quarter

Danish shipping and offshore energy conglomerate Maersk Group reported its profit at USD 253 million for the first quarter of 2017, compared to USD 224 million seen a year earlier, in line with expectations. The group’s revenue increased by 5 percent...
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Port of Virginia hosts COSCO Development
May 11, 2017 No Responses

Port of Virginia hosts COSCO Development

The Port of Virginia welcomed on May 8 COSCO Development, the largest containership to call this port and the US East Coast.  The 13,092 TEU boxship breaks the previous record held by the 10,000 MOL Benefactor when it sailed to Norfolk International Termin...
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Bahri explains partnership with Hyundai
May 9, 2017 No Responses

Bahri explains partnership with Hyundai

The National Shipping Company of Saudi Arabia (Bahri) has signed a Memorandum of Understanding (MoU) with the South Korean shipbuilder Hyundai Heavy Industries (HHI) for cooperation in the field of big data. The agreement sets up a comprehensive framework for...
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COSCO Shipping to sell stake in shipyard assets
May 8, 2017 No Responses

COSCO Shipping to sell stake in shipyard assets

COSCO Shipping International (Singapore) has decided to sell equity interest in its shipyard assets for a price of CNY 1.46 billion (USD 211.5 million) to COSCO Shipping Heavy Industry. In an effort to centralize operations and management, the company said i...
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Shippers Council unveils agenda for Truck Transit Park, Container Depot in Edo
May 5, 2017 No Responses

Shippers Council unveils agenda for Truck Transit Park, Container Depot in Edo

Edo State Governor, Mr. Godwin Obaseki has indicated his administration’s readiness to support the Nigeria Shippers Council (NSC) to establish an Inland Container Depot and a Truck Transit Terminal, which would facilitate diversity in economic activities.  ...
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FPSO vessel to berth at LADOL’s multi-purpose facility in September
May 4, 2017 No Responses

FPSO vessel to berth at LADOL’s multi-purpose facility in September

Arrangements are in top gear to receive Egina Floating Production Storage and Offloading (FPSO) Vessel at Lagos Deep Offshore Logistics Base (LADOL) facility in September.    FPSO is a floating vessel located near an oil platform, where oil is processed...
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Singapore: Well-Positioned for Maritime Industry
May 2, 2017 No Responses

Singapore: Well-Positioned for Maritime Industry

Singapore has once again clinched the top position in Menon’s Leading Maritime Capitals of the World Report, the third edition of the maritime report where Singapore was also ranked first in 2015 and 2012. Singapore was ranked number one in...
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AAMA: Ship owners seek support for NIMASA DG
April 28, 2017 No Responses

AAMA: Ship owners seek support for NIMASA DG

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Cosco Shipping Ports’ profit down as volumes rise
April 26, 2017 No Responses

Cosco Shipping Ports’ profit down as volumes rise

China-based Cosco Shipping Ports Limited has seen its profit from continuing operation for the three months ended March 31, 2017 reach USD 45.2 million, slightly down from USD 48.3 million reported in the same period a year earlier. The terminal operator als...
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NIMASA renews MOU with the Navy
April 25, 2017 No Responses

NIMASA renews MOU with the Navy

In line with its mandate to ensure safety and security in the Nigerian territorial waters, the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Navy have renewed the existing Memorandum of Understanding (MoU) to protect and secure o...
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