Category: Maritime

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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NIMASA DG reiterates commitment to ISPS Code implementation
March 23, 2017 No Responses

NIMASA DG reiterates commitment to ISPS Code implementation

In spite of the success recorded in the Implementation of the International Ship and Port Facility Security (ISPS) code in Nigeria, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has stated that th...
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Dakuku: 144 Port Facilities in Nigeria now fully ISPS compliant
March 22, 2017 No Responses

Dakuku: 144 Port Facilities in Nigeria now fully ISPS compliant

One hundrend and fourteen (114) Port facilities out of the total 145 ports in Nigeria are now fully compliant to International Ships and Port Facility Security Code (ISPS), Director General, Nigeria Maritime Administration and Safety Agency (NIMASA), Dr Dakuku...
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NIMASA audits 16 maritime institutions, explains billing of pipelines, oil rigs, others
March 21, 2017 No Responses

NIMASA audits 16 maritime institutions, explains billing of pipelines, oil rigs, others

The Nigeria Maritime Administration and Safety Agency (NIMASA) has concluded audit of accredited 16 maritime institutions. Accredicted by NIMASA, the  maritime training institutions offer courses in line with the International Convention on the Standards of T...
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NIMASA, UK School target sea time for 400 Nigerians
March 17, 2017 No Responses

NIMASA, UK School target sea time for 400 Nigerians

The Nigerian Maritime Administration and Safety Agency (NIMASA) in partnership with the South Shield Marine School at the South Tyneside College, South Shield, Newcastle in the United Kingdom, is to provide sea time opportunities for about 400 cadets of NIMASA...
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