Category: Maritime

Samsung Secures Order For $970m FPSO Unit
April 23, 2019 No Responses

Samsung Secures Order For $970m FPSO Unit

South Korean shipbuilder,  Samsung Heavy Industries (SHI) has received an order for the construction of a floating production, storage and offloading (FPSO) unit. The contract worth KRW 1.1 trillion (around USD 970 million) has been signed with an unnamed Asian...
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NIMASA Extends AID To Ondo
April 22, 2019 No Responses

NIMASA Extends AID To Ondo

The Nigerian Maritime Administration and Safety Agency (NIMASA) has continued its donation of relief materials to victims affected by flood and other disasters across the country. The Agency took the exercise to Akure in Ondo state where various items were do...
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Hyundai LNG Shipping Orders First Very Large Gas Carrier
April 21, 2019 No Responses

Hyundai LNG Shipping Orders First Very Large Gas Carrier

South Korean shipowner Hyundai LNG Shipping (HLS) has placed an order for the construction of one very large gas carrier (VLGC) at compatriot shipyard Hyundai Heavy Industries (HHI).The duo signed an agreement on April 16, 2019, which includes one optional...
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AAMA Reiterates Commitment To Build Competitive Maritime Sector In Africa
April 20, 2019 No Responses

AAMA Reiterates Commitment To Build Competitive Maritime Sector In Africa

The Chairman of the Association of African Maritime Administration (AAMA), Dr. Dakuku Peterside has reiterated the commitment of the African body to build a competitive maritime sector in Africa through continuous engagements and sharing of ideas.   ...
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LNG Firm Secures $700m Financing Option
April 18, 2019 No Responses

LNG Firm Secures $700m Financing Option

Golar LNG Limited has received a firm USD 700 million underwritten financing commitment for the conversion of the floating liquefied natural gas (FLNG) vessel Gimi. The financing has been provided to Gimi MS Corporation, owned by Golar LNG Limited with...
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Diana Shipping Approves $7m Share Buyback
April 17, 2019 No Responses

Diana Shipping Approves $7m Share Buyback

Greek dry bulk owner Diana Shipping has signed a Memorandum of Agreement to sell its 2004-built Panamax bulker vessel Erato to an unaffiliated third party.The company said that the 74,444 dwt unit, built by China’s Jiangnan Shipyard, was sold at...
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Hyundai Secures $600m Gas, Tanker Orders
April 17, 2019 No Responses

Hyundai Secures $600m Gas, Tanker Orders

South Korea’s Hyundai Heavy Industries has secured orders for five new gas and crude carriers, with a value of around USD 600 million, in recent weeks. The shipbuilder said that the units were ordered by European and Asian ship owners...
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NPA Board Members Decry Condition Of Port Access Road
April 16, 2019 No Responses

NPA Board Members Decry Condition Of Port Access Road

Board Members of the Nigerian Ports Authority (NPA) have added their voice to the perennial traffic gridlock on road leading to Port in Apapa and Tin-Can Island.While assuring that the Board would continue to identify with all efforts to find...
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Group Unveils Agenda To Tackle Maritime Corruption
April 16, 2019 No Responses

Group Unveils Agenda To Tackle Maritime Corruption

The International Maritime Organization (IMO) is to address maritime corruption by including the issue in its work programme for the Facilitation Committee. The decision to include an anti-corruption agenda came at the latest meeting of the IMO’s Facilitatio...
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Fire Destroys RoRo Ship
April 10, 2019 No Responses

Fire Destroys RoRo Ship

Panama-flagged roll-on/roll-off (RoRo) ship Al Fayrouz caught fire while underway in the Red Sea on April 8. According to Saudi Arabian Border Guards, the 101-meter was in international waters, 60 nautical miles off Saudi Arabia’s Farasan Islands, when the i...
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Shippers Council Wins Ease Of Doing Business Award
April 9, 2019 No Responses

Shippers Council Wins Ease Of Doing Business Award

The Nigerian Shippers’ Council (NSC) under the leadership of the Executive Secretary, Hassan Bello has won the “World Bank 2019 Ease of  Doing Business Ranking Award”.   The award is in recognition of efforts made by  NSC to drive the...
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Global Piracy Drops By 42 Per Cent
April 9, 2019 No Responses

Global Piracy Drops By 42 Per Cent

The first quarter of 2019 saw fewer incidents of piracy and armed robbery against ships, compared to the first three months of 2018, a report shows. According to the report issued by the International Chamber of Commerce (ICC) International Maritime...
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Shipping Firm Develops New Port Supply Chain
April 7, 2019 No Responses

Shipping Firm Develops New Port Supply Chain

Hong Kong-based port operator COSCO Shipping Ports signed an investment agreement with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau. Under the deal, the company plans to develop phase I of terminal extended business in the land n...
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CMA CGM Christens New Ship For French West Indies
April 6, 2019 No Responses

CMA CGM Christens New Ship For French West Indies

French container shipping company CMA CGM has christened CMA CGM Fort De France, the company’s 1st vessel dedicated to the French West Indies. The Post-Panamax containership was christened by Annick Girardin, French Minister for Overseas Territories, in Mart...
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