Category: Maritime

Buhari congratulates NIMASA DG as IMO seeks increased participation of Africa in global shipping
April 23, 2017 No Responses

Buhari congratulates NIMASA DG as IMO seeks increased participation of Africa in global shipping

President Muhammadu Buhari has congratulated the Director General of the Nigerian Maritime Administration and safety Agency (NIMASA) Dr. Dakuku Peterside over his election as the Chairman of the Association of African Maritime Administrations (AAMA). The Presidents congratulatory message was contained...
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Dakuku emerges new Chairman of AAMA
April 22, 2017 No Responses

Dakuku emerges new Chairman of AAMA

The Director General of Nigerian Maritime Administration and Safety Agency, Dr. Dakuku Peterside has been elected as the new Chairman of the Association of African Maritime Administrators (AAMA). This is one of the decisions reached at the just concluded third...
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Buhari implores African maritime administrators on security
April 21, 2017 No Responses

Buhari implores African maritime administrators on security

President Muhammadu Buhari on Thursday urged African maritime administrators and regulators to ensure a coherent collaborative continental response to the challenges facing the maritime space.   Represented by his Vice, Prof Yemi Osinbajo, Buhari  gave the c...
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NPA MD: Optimal utilisation of Tarkwa Bay facilities to create more employment
April 20, 2017 No Responses

NPA MD: Optimal utilisation of Tarkwa Bay facilities to create more employment

The Management of the Nigerian Port Authority (NPA) has assured stakeholders that it would not relent in its efforts at ensuring optimal utilization of the organization facilities at all locations.   The Managing Director of  NPA, Hadiza Bala Usman made...
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37 ships to fly Saudi Arabia’s flag
April 19, 2017 No Responses

37 ships to fly Saudi Arabia’s flag

National Shipping Company of Saudi Arabia (Bahri) has revealed plans to re-flag 32 of its very large crude tankers (VLCCs) and five of its mid-size carriers under the domestic flag by the end of 2017. The move comes amid a...
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CMG eyes stake in Brazilian container port
April 17, 2017 No Responses

CMG eyes stake in Brazilian container port

Chinese state-owned corporation China Merchants Group (CMG) is looking to spread its footprint in Brazil as the company is reportedly in negotiations to buy Advent International Corp’s 50 percent stake in TCP Terminal de Contêineres de Paranaguá SA, loc...
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World’s largest boxship joins Maersk Line’s fleet
April 13, 2017 No Responses

World’s largest boxship joins Maersk Line’s fleet

Danish container shipping major Maersk Line has taken delivery of Madrid Maersk, a 20,568 TEU boxship, from South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME), the shipping company told World Maritime News.  The ultra large container...
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World’s 1st Ship tunnel step closer to construction
April 7, 2017 No Responses

World’s 1st Ship tunnel step closer to construction

Norway’s Stad Ship Tunnel project, also known as the world’s first full-scale ship tunnel, is moving toward construction process. Already, about $173million has been earmarked for the project in the first half of the planning period (2018 – 2029).  Th...
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Report explains 22.4 per cent drop in terminal operators’ earnings
April 3, 2017 No Responses

Report explains 22.4 per cent drop in terminal operators’ earnings

A report published in March by top global accounting and audit firm, Deloitte has revealed that Terminal Handling Charges (THC), which is the main revenue stream of terminal operators in Nigeria, declined by 22.4 per cent between 2006 and 2016...
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NIMASA to owners of abandoned ships: Remove or lose them
April 3, 2017 No Responses

NIMASA to owners of abandoned ships: Remove or lose them

The Nigerian Maritime Administration and Safety Agency (NIMASA) has warned owners of abandoned Ships/Vessels to urgently remove same from the Nigerian territorial waters on or before 28th of April 2017 or risk sanctions ranging from forfeiture or removal by th...
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No dividend for shareholders as COSCO Shipping posts 1.4b loss in 2016
March 31, 2017 No Responses

No dividend for shareholders as COSCO Shipping posts 1.4b loss in 2016

Shanghai-listed COSCO Shipping Holdings Company, a unit of China Cosco Shipping Corporation Limited (Cosco Shipping), has reported a loss of $1.4 billion in its annual report for 2016. As a result the company proposed that no dividend is distributed this...
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Nigeria to showcase maritime potential in Norway
March 30, 2017 No Responses

Nigeria to showcase maritime potential in Norway

As part of measures to attract foreign investors to tap into opportunities that abound in the Nigerian maritime industry, the Nigerian Maritime Administration and Safety Agency (NIMASA) would be showcasing the potentials of the Nigerian Maritime Sector at the ...
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CMA CGM, PSA Singapore start 2nd phase of box terminal JV
March 28, 2017 No Responses

CMA CGM, PSA Singapore start 2nd phase of box terminal JV

(WMN)–French container shipping company CMA CGM and PSA Singapore, a subsidiary of PSA International, launched the second phase of their container terminal joint venture in Singapore on March 27. The CMA CGM – PSA Lion Terminal (CPLT) started operati...
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Cosco Shipping records 29 % drop in profit
March 24, 2017 No Responses

Cosco Shipping records 29 % drop in profit

Cosco Shipping International (Hong Kong) has seen its profit for the year ended December 31, 2016 plunge by 29 percent to HKD 236.5 million (USD 30.4 million) from HKD 362 million (USD 46.6 million) reported a year earlier. Although the...
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