Maritime – Page 134 – City Business News

February 23, 2019 No Responses

Samsung Secures $774.9m Contract For LNG Carriers

South Korea’s Samsung Heavy Industries has clinched an order to build four liquefied natural gas (LNG) carriers. The shipbuilder received newbuilding orders from a US shipowner, SHI said in a regulatory filing without revealing further details. The shipbuilding deal is...

February 22, 2019 No Responses

A.P. Moller – Maersk Explains $8.7b Debt, 2019 Investment Agenda

For the 2018 financial year, A.P Moller-Maersk net interest-bearing debt reduced from $14.8billion to $8.7billion. Meanwhile, the company remains investment grade rated. Following the listing of Maersk Drilling through a demerger and subject to maintaini...

February 21, 2019 No Responses

DP World Acquires Pan-European Logistics Firm

Dubai-based port operator DP World has acquired the pan-European logistics company P&O Ferries for a purchase consideration of GBP 322 million (USD 421 million). The company said that the transaction implies a 2017 Enterprise Value/EBITDA valuation multipl...

February 20, 2019 No Responses

Qatar Orders 60 New LNG Carriers

Saad bin Sherida Al-Kaabi, Qatari Minister of Energy and CEO of Qatar Petroleum, confirmed the country’s intentions to order up to 60 new LNG carriers. Al-Kaabi explained that the Middle Eastern nation would order the vessels at a press conferen...

February 19, 2019 No Responses

Maritime Firm Records $75m Loss In 2018

Norwegian maritime industry group Wilhelmsen ended 2018 — the first full year with present corporate structure — in loss. In the preliminary result for the year, the group reported a loss for the period of USD 75 million in 2018, compared to a loss...

February 17, 2019 No Responses

First Cameron LNG Export Gets US Green Lights

The Cameron Liquefied Natural Gas (LNG) project came a step closer to loading its first LNG cargo for global export as U.S. Coast Guard personnel wrapped up a safety inspection at the site. The safety inspection included a review of the terminal’s...

February 16, 2019 No Responses

Vessel Fire Claims Six Casualties

Six people have lost their lives in an incident involving a vessel fire at the Port of Durban, according to the South African Maritime Safety Authority (SAMSA). The authority confirmed the casualties, adding that the extent of the fire caused the...

February 15, 2019 No Responses

ICTSI Unveils New Container Terminal

Philippines-based International Container Terminal Services Inc. (ICTSI) has inaugurated the newly-expanded Batumi International Container Terminal (BICT) in Georgia. Both the waterside and landside areas of the multipurpose terminal were expanded with the aim...

February 12, 2019 No Responses

Group Unveils Maritime Connectivity Platform

The Maritime Connectivity Platform Consortium (MCC), an international consortium for the digitalization of maritime sectors, officially started operations with a signing ceremony. The goal of MCC will be to bring common internet standards to maritime navi...

February 11, 2019 No Responses

Nigeria Begins clampdown On Vessels Over Non-Compliance With Cabotage Regime

After several warnings, the Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced clampdown on vessels that do not comply with the provisions of the Cabotage Compliance Strategy introduced last year to ease the implementation of the Cabotag...

February 9, 2019 No Responses

CMA CGM Concludes Acquisition of CEVA Logistics

The European Commission has given the green light to French shipping major CMA CGM to acquire Swiss logistics company CEVA Logistics. Following the approval, CMA CGM will acquire sole control of the Switzerland-based company. The commission concluded that...

February 8, 2019 No Responses

EU Adopts Proposal On Emissions From Maritime Transport

The European Commission has adopted a proposal to revise the EU system for monitoring, reporting and verification (EU MRV) of CO2 emissions from maritime transport. The system will be revised in order for the EU to take “appropriate account” of the globa...

February 8, 2019 No Responses

NIMASA CONDUCTS SURVEILLANCE TRAINING FOR SECURITY AGENCIES

In its effort to rid the Nigerian maritime domain of criminalities, the Federal Government through the Nigerian Maritime Administration and Safety Agency (NIMASA) has undertaken surveillance training for officers from the Nigerian Army, Nigerian Navy, Nigerian...

February 7, 2019 No Responses

Maersk To Enhance Container Management Platform With Virtual Assistant

New smart technologies and seamless solutions continue to change the ship-ping industry. In 2019, Maersk will enhance its Remote Container Management (RCM) platform by a virtual assistant, named “Captain Peter”. The avatar will assist customers along the j...

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Category: Maritime