Maritime – Page 135 – City Business News

January 13, 2019 No Responses

Commission Probes Terminal Operators

The Hong Kong Competition Commission has opened an investigation to assess whether the recently created alliance between several container terminal operators may restrict competition in Hong Kong. Recently, COSCO-HIT Terminals (Hong Kong) Limited (CHT), Asia Container Terminals (ACT), Hongkong International...

January 12, 2019 No Responses

Dangote, SIFAX Boss, Others Seek Support For Maritime Sector, NIMASA Industry Awards

The Chairman and Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote, and the Group Executive Vice Chairman of SIFAX Group, Dr. Taiwo Afolabi, on Friday joined other stakeholders in the Nigerian maritime sector to hail fresh initiatives by the...

January 11, 2019 No Responses

South Korea Reclaims Top Shipbuilding Crown From China

South Korea has reclaimed the crown from China as the top shipbuilding nation in 2018. Korean shipbuilders clinched new orders totaling a combined 12.63 million compensated gross tons (CGTs) last year to account for 44.2 percent of 28.6 million CGTs...

January 11, 2019 No Responses

Abdulsalami Abubakar: MARITIME SECTOR WELL-POSITIONED AS ALTERNATIVE SOURCE OF REVENUE

A former Head of State, General Abdulsalami Abubakar, has noted that it is high time alternative sources of revenue were developed for the nation, observing that the maritime sector is well positioned to do so. Abubakar, who spoke ahead of...

January 10, 2019 No Responses

ABUBAKAR, SGF, AMAECHI, DANGOTE, OTHERS TO ATTEND NIMASA MARITIME AWARDS

Former Head of State, General Abdulsalam Abubakar (rtd), Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha, and the Minister of Transportation, Rt. Hon. Rotimi Chibuike Amaechi, will be leading other stakeholders to the Nigerian Maritime A...

January 9, 2019 No Responses

Firm Orders Two Next-Generation Ships

Cruise line major Norwegian Cruise Line Holdings (NCLH) has ordered two next-generation cruise ships for its Oceania Cruises brand. The contract for the construction of the cruise vessels has been signed with Italian shipbuilder Fincantieri and has an overall ...

January 8, 2019 No Responses

Firm Begins Marine Fuel Supply To Seaports

Denmark-based marine fuel supplier Bunker One has revealed plans to establish a new physical bunker entity that will serve the German market. The new entity Bunker One (Germany) GmbH will be supplying marine fuel products and other related services to...

January 6, 2019 No Responses

Small-scale LNG Projects To Gain momentum

Small-scale LNG projects are expected to gain momentum driven by strong demand for LNG from small importers coupled with reduced risk and lower investment cost when compared to mega LNG export projects, according to Drewry. As a result, the UK-based...

January 4, 2019 No Responses

3,500 Nissan Vehicles On-Board Burning Ship

Not less than 3,500 Nissan vehicles are on board a 650-foot car carrier that has erupted in flames. According to Automotive News Report, the Sincerity Ace was sailing from Japan to Hawaii when a massive blaze ripped through the ship,...

January 3, 2019 No Responses

Firm Acquires Two 19,400 TEU Boxships

December 30, 2018 No Responses

Tanker Corporation To Relist Shares On Exchange In January

Chinese transportation company Nanjing Tanker Corporation, part of Sinotrans & CSC, will relist on Shanghai Stock Exchange on January 8, 2019. The opening price of its stock will be CNY 4.31 (USD 0.63) per share, the company said in its...

December 29, 2018 No Responses

Maersk Line Eyes Land-Based Acquisitions

World’s largest shipping company Maersk is reportedly targeting acquisitions on land to bolster its logistics operations as part of the group’s transformation from a conglomerate to an integrated global container logistics company. “The future will be ve...

December 28, 2018 No Responses

Firm Raises $10m To Advance Autonomous Ship Technology

Boston-based Sea Machines Robotics has raised USD 10 million that would enable the company to further develop autonomous solutions for the maritime industry. As informed, the investment marks one of the largest venture rounds for a marine- and maritime-focused...

December 28, 2018 No Responses

NYK Secures Green Loan For Its 1st Methanol-Fueled Chemical Tanker

Japanese shipping giant NYK has secured a green loan to finance the construction of its first methanol-fueled chemical tanker set for delivery in 2019. The JPY 2 billion (USD 18.04 million) loan will be provided by Taiyo Life Insurance Company ...

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Category: Maritime