Category: Maritime

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 should strive to improve on its...
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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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Pirates Take Two Crew Hostage off Benin
March 2, 2018 No Responses

Pirates Take Two Crew Hostage off Benin

Luxembourg-flagged product-chemical tanker, ST Marseille was attacked by five armed pirates on February 26 while anchored in the Bay of Cotonou, the Gulf of Guinea. The pirates approached the tanker in a speedboat and opened fire once they boarded the vessel,...
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NIMASA Projects Five Per Cent Maritime Growth In 2018, Post 2019 Election
February 28, 2018 No Responses

NIMASA Projects Five Per Cent Maritime Growth In 2018, Post 2019 Election

The Nigerian Maritime industry is projected to grow by 2.5 – 5 % within the period 2018-2019 and a projected increase in demand for maritime services in Nigeria during the period of projection.   This was contained in the Nigerian...
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FG, Maritime Stakeholders To Automate All Processes
February 26, 2018 No Responses

FG, Maritime Stakeholders To Automate All Processes

In its quest to ensure the growth and development of the maritime sector in line with the Presidential order on the Ease of Doing Business in Nigeria, the Federal Government is set to automate all shipping related administrative processes in...
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Firm Extends LNG Supply Network for Ships
February 25, 2018 No Responses

Firm Extends LNG Supply Network for Ships

Hamburg-based supplier of LNG Nauticor has extended its LNG supply network for ships within the North Sea region by including the Port of Rotterdam.   The company has been awarded the contract for a bunker operation in Rotterdam for the first...
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Transport Minister Assures Stakeholders of Safe Maritime Domain
February 24, 2018 No Responses

Transport Minister Assures Stakeholders of Safe Maritime Domain

The Minister of Transportation, Rotimi Amaechi has assured stakeholders in the maritime sector that the Federal Government will leave no stone unturned in actualizing its goal for a safer and more secured maritime domain.   The Minister who said this...
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‘Maersk, Nine Other Shipping Lines Control 90 Per Cent Of Deep Sea Market’
February 21, 2018 No Responses

‘Maersk, Nine Other Shipping Lines Control 90 Per Cent Of Deep Sea Market’

More than 87 pct of the global fleet capacity is controlled by only ten out of 67 shipping lines operating fully cellular containerships, which is less than 7 pct of the total lines, according to the data from MDS Transmodal....
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