Category: Maritime

ESL names 2nd LNG-Fueled Bulker
September 24, 2017 No Responses

ESL names 2nd LNG-Fueled Bulker

Helsinki-based shipping company ESL Shipping, a member of the Aspo Group, has named Haaga, the second of the company’s two LNG-fueled dry cargo vessels.   The naming ceremony took place at the Jinling shipyard in Nanjing, China, on September 22,...
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Ports & Cargo resumes handling of general Cargo, receives first voyage vessel from Singapore
September 23, 2017 No Responses

Ports & Cargo resumes handling of general Cargo, receives first voyage vessel from Singapore

Ports & Cargo Handling Services Limited, a subsidiary of SIFAX Group has made history again at its terminal with the arrival MV Maritime Challenger, a brand new general cargo vessel that embarked on its first ever voyage to any port...
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Develop maritime infrastructure, NIMASA boss tells African countries
September 21, 2017 No Responses

Develop maritime infrastructure, NIMASA boss tells African countries

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has stated that with the potentials of the African maritime sector, competitive operating environment, proper regulation, incentives and infrastru...
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CMA CGM places order for nine 22,000 TEU ships
September 17, 2017 No Responses

CMA CGM places order for nine 22,000 TEU ships

 French container shipping major CMA CGM has confirmed the order for nine 22,000 TEU containerships while releasing results for the second quarter of 2017. “In order to keep pace with market growth and the group’s needs, the Board of Directors...
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Cosco to acquire 76% stake of APMT Zeebrugge Terminal
September 12, 2017 No Responses

Cosco to acquire 76% stake of APMT Zeebrugge Terminal

Dutch container terminal operator APM Terminals has reached a deal to sell its 76% share in the APM Terminals Zeebrugge container terminal to COSCO SHIPPING Ports. Under the agreement signed between APM Terminals and the Hong Kong-based subsidiary of China C...
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Korean firm to build 15 LNG carriers for Russia
September 11, 2017 No Responses

Korean firm to build 15 LNG carriers for Russia

A Korean company has received a contract to build 15 ice-breaking LNG carriers for Russia, the President of South Korea Moon Jae-in said while speaking at the Eastern Economic Forum in Vladivostok.   The tankers are said to be intended for the transpo...
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Qatar inaugurates new seaport
September 6, 2017 No Responses

Qatar inaugurates new seaport

Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani has inaugurated  the Hamad Port in Umm Al Houl. The port, located 40km south of Doha, is the largest of its kind in the Middle East and has the capacity to handle all...
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Seaport operator to expand container facilities
September 4, 2017 No Responses

Seaport operator to expand container facilities

Malaysian port operator, Westports Holdings Berhad (Westports) informed that its wholly-owned subsidiary, Westports Malaysia Sdn Bhd (WMSB), has received an approval-in-principle (AiP) to expand its container facilities from Container Terminal 10 (CT10) to Con...
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COSCO Shipping records $26.3m profit in six months
August 30, 2017 No Responses

COSCO Shipping records $26.3m profit in six months

COSCO Shipping International (Hong Kong) Limited witnessed a rise in its earnings during the first half of 2017, driven by long-awaited signs of recovery in the shipping industry.   For the six months ended 30th June 2017, the group’s profit...
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Dakuku: We are ready to disburse CVFF Fund according to Law
August 29, 2017 No Responses

Dakuku: We are ready to disburse CVFF Fund according to Law

Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has assured Nigerian shipowners that the agency is making frantic efforts to disburse the Cabotage Vessel Financing Fund (CVFF) in line with set down regul...
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Top ships under investigation over share issuance scheme
August 28, 2017 No Responses

Top ships under investigation over share issuance scheme

An investigation has been launched on behalf of investors of Top Ships, a Marshall Islands-incorporated tanker owner and operator, into the company’s dealings with Kalani Investment. According to US-based law firm Glancy Prongay & Murray LLP (GPM), the...
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Total stakes $7.5billion for Maersk Oil Business
August 22, 2017 No Responses

Total stakes $7.5billion for Maersk Oil Business

Danish transport and energy conglomerate, A.P. Møller – Mærsk A/S has signed an agreement to sell Maersk Oil to Total S.A  for $7.45 billion in a combined share and debt transaction.   As explained by Maersk, the separation of the energy...
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CMA CGM to build world’s largest boxships
August 21, 2017 No Responses

CMA CGM to build world’s largest boxships

French liner major CMA CGM has reportedly signed a letter of intent (LOI) with two Chinese yards on the construction of up to nine 22,000 TEU megaships.   Specifically, in line with the LOI, CSSC Hudong-Zhonghua would be in charge of...
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NISA lauds new cabotage compliance strategy
August 21, 2017 No Responses

NISA lauds new cabotage compliance strategy

The recent moves by the Nigerian Maritime Administration and Safety Agency (NIMASA) to ensure full implementation of the Cabotage Act, 2003 through the New Cabotage Compliance Strategy (NCCS) has continued to receive commendation from Stakeholders.   This is ...
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