Category: Maritime

‘Overcapacity, Weak ‘Trading Demand’ Extends into 2018’
February 20, 2018 No Responses

‘Overcapacity, Weak ‘Trading Demand’ Extends into 2018’

Overcapacity, weak ‘trading demand’ and weak OPEC output have depressed the conditions that usually boost long hauls in the tanker shipping market, according to BIMCO. As illustrated by the very weak rates for oil product transports during most parts of 2017,...
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Cosco Shipping Specialized Carriers Becomes World’s Largest Multipurpose Operator
February 16, 2018 No Responses

Cosco Shipping Specialized Carriers Becomes World’s Largest Multipurpose Operator

China’s Cosco Shipping Specialized Carriers (CoscoSSC) has become the world’s largest multipurpose operator by deadweight, a new report issued by Dynamar shows.  CoscoSSC’s existing fleet has a total deadweight of 1.76 million tons. In addition, the com...
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Africa Welcomes First Nickel Ore Carrier
February 15, 2018 No Responses

Africa Welcomes First Nickel Ore Carrier

The Autonomous Port of Abidjan in Africa hosted its first nickel ore carrier on February 14.  The 50,000 dwt Luzern docked at the port’s Wharf 15.  The port said that the nickel ore came from a mine located in Foungbesso in the...
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Minister Canvasses Support For $16b Egina project
February 14, 2018 No Responses

Minister Canvasses Support For $16b Egina project

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Tuesday commended the management of Total Upstream Nigeria Ltd. (TUPNI), for its 16 billion dollars (N5.76 trillion) Egina project in Nigeria. Kachikwu gave the commendation during his visit to...
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NIMASA Boss Tasks Media on Blue Economy
February 14, 2018 one Response

NIMASA Boss Tasks Media on Blue Economy

The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, has urged the media to collaborate in enlightening the public on potential of the Blue Economy. Peterside made the plea at a one-day seminar organised for m...
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Evergreen, Firm Seal Charter Deal for 11,000 TEU Boxships
February 13, 2018 No Responses

Evergreen, Firm Seal Charter Deal for 11,000 TEU Boxships

Taiwanese shipping company, Evergreen Line has entered into a charter deal with Japanese counterpart Shoei Kisen Kaisha for twelve 11,000 TEU containerships. The charter deal was announced in January, but today the duo made it official. The twelve ships will.....
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Qatar Accedes to Ballast Water Management Convention
February 12, 2018 No Responses

Qatar Accedes to Ballast Water Management Convention

Qatar has become the latest state to sign up to the International Maritime Organization’s (IMO) Ballast Water Management Convention, the treaty helping to protect the marine environment. A total of sixty-eight signatories now represent more than 75% of the w...
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27 ships expected at Lagos Seaports
February 2, 2018 No Responses

27 ships expected at Lagos Seaports

The Nigerian Ports Authority (NPA) says 27 ships are expected to arrive in Apapa and Tin Can Island Ports in Lagos from Feb. 2 to Feb. 24. NPA, in its daily publication, `Shipping Position’, issued on Friday in Lagos, said...
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USCG expresses satisfaction with ISPS code compliance level in Nigeria
February 1, 2018 No Responses

USCG expresses satisfaction with ISPS code compliance level in Nigeria

The United States Coast Guard (USCG) has expressed satisfaction at the compliance level of Nigeria with the International Ships and Ports Security (ISPS) facility Code at the nation’s ports.   A delegation from the USCG led by Lt. Commander Jacob...
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COSCO Shipping adds second 20,000 TEU Boxship
January 30, 2018 No Responses

COSCO Shipping adds second 20,000 TEU Boxship

China’s COSCO Shipping Lines has taken delivery of its second 20,000 TEU-class boxship, COSCO Shipping Taurus.  The delivery and naming ceremony for the ultra large container vessel (ULCV) was held in Shanghai on January 27, 2018. Shanghai Waigaoqiao Shipbu...
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China unveils ‘Polar Silk Road’ ambitions in white paper
January 29, 2018 No Responses

China unveils ‘Polar Silk Road’ ambitions in white paper

China wants to extend its Belt and Road Initiative to the Arctic region, according to the country’s first white paper on its Arctic policy unveiled on Friday, January 25.  Even though China isn’t an Arctic country it believes it is an...
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CMA CGM Takes Delivery of Its Largest Boxship
January 28, 2018 No Responses

CMA CGM Takes Delivery of Its Largest Boxship

French container shipping giant CMA CGM has taken delivery of CMA CGM Antoine de Saint Exupery, a 20,600 TEU containership, from Hanjin Heavy Industries and Construction – Philippines (HHIC-Phil) shipyard.  The delivery ceremony for the ultra large contain...
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Dakuku: Nigeria, strategic to tackling maritime crimes in Gulf of Guinea
January 27, 2018 No Responses

Dakuku: Nigeria, strategic to tackling maritime crimes in Gulf of Guinea

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has described the Nigerian maritime sector as strategic to tackling issues of insecurity in the Gulf of Guinea (GoG).   Dr. Peterside, who stated thi...
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Shanghai Dingheng Shipping Unveils Agenda to Build 100 Ships
January 23, 2018 No Responses

Shanghai Dingheng Shipping Unveils Agenda to Build 100 Ships

Chinese tanker owner Shanghai Dingheng Shipping has inked a strategic cooperation agreement with local shipbuilders and steel and equipment manufacturers for its plan of constructing 100 ships in the next ten to twenty years.   The company’s parent Dinghen...
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