Category: Maritime

Maersk Rules Out Mergers, Acquisitions In 2019
November 15, 2018 No Responses

Maersk Rules Out Mergers, Acquisitions In 2019

Danish transportation and logistics giant Maersk doesn’t see a strong need to pursue mergers and acquisitions in the following year, according to the company’s Chief Executive Officer, Søren Skou.  As explained, the company has over 20 per cent market share on the...
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A.P. Moller – Maersk Reports $10.1b Revenue In Q3
November 14, 2018 No Responses

A.P. Moller – Maersk Reports $10.1b Revenue In Q3

For the 2018 third quarter, A.P. Moller – Maersk has reported growth in both Ocean and non-Ocean with a total revenue increase of 31% to USD 10.1bn, 12% excluding Hamburg Süd.  Growth in non-Ocean was at 15%, which now contributes...
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LNG Carrier Survives Pirates Gun Fire In Bonny, Nigeria
November 13, 2018 No Responses

LNG Carrier Survives Pirates Gun Fire In Bonny, Nigeria

An LNG tanker was chased and fired upon by nine pirates in a speed boat on November 6, around 30 nautical miles southwest of Bonny, Nigeria, the IMB Piracy Reporting Center informed. The crew raised the alarm, mustered in the citadel,...
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Floating Storage To Make Big Comeback
November 9, 2018 No Responses

Floating Storage To Make Big Comeback

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Terminal Operator Explains $344m Revenue In Q3
November 8, 2018 No Responses

Terminal Operator Explains $344m Revenue In Q3

Philippine terminal operator International Container Terminal Services (ICTSI) witnessed a rise in its earnings supported by an improvement in volumes in the peeriod ended September 30, 2018. For the third quarter of the year, revenue from port operations incr...
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Seaport To Invest In Hydrogen As Fuel
November 5, 2018 No Responses

Seaport To Invest In Hydrogen As Fuel

Dutch-Belgian North Sea Port is looking to invest in hydrogen as fuel when opportunities arise, a representative of the port told World Maritime News at Offshore Energy Exhibition & Conference 2018 in Amsterdam. “We recently commissioned a pipeline from ...
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APM Terminals To Offer 18m Shares For Sale
November 2, 2018 No Responses

APM Terminals To Offer 18m Shares For Sale

APM Terminals Bahrain revealed its plans to raise around USD 32 million through its planned initial public offering (IPO). APM Terminals Bahrain will offer 18 million shares, equivalent to 20 per cent of its issued share capital, at BHD 0.66...
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DAKUKU: CHINA MARITIME SILK ROAD, GAME CHANGER FOR GLOBAL TRANSPORT
November 2, 2018 No Responses

DAKUKU: CHINA MARITIME SILK ROAD, GAME CHANGER FOR GLOBAL TRANSPORT

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has said that the Chinese Belt and Road Initiative (BRI), also known as the Silk Road Economic Belt and the 21st-century Maritime Silk Road, will be....
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NIMASA DG In Dubai, To Enforce 0.5% Sulphur Limit On Bunker Fuel
November 2, 2018 No Responses

NIMASA DG In Dubai, To Enforce 0.5% Sulphur Limit On Bunker Fuel

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that the Agency will enforce strict compliance to the International Maritime Organisation regulation which puts a maximum of 0.5%  sulphur ...
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Maersk Explains Instant Booking Confirmation
November 1, 2018 No Responses

Maersk Explains Instant Booking Confirmation

With the introduction of instant booking confirmation, Maersk customers can now complete their bookings within seconds compared to previous waiting times of up to two hours. Eliminating this delay, as the first in the industry, is a top priority for...
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CMA CGM Introduces Sulphur Surcharge
November 1, 2018 No Responses

CMA CGM Introduces Sulphur Surcharge

French container shipping company CMA CGM is implementing low sulphur surcharge from/to the ports of Shanghai and Ningbo in China. Since October 1, 2018, the 0.5% sulphur limit is applicable to the above mentioned ports. As informed, the company will impose.....
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DAKUKU: GULF OF GUINEA STRATEGIC TO FOOD SECURITY
October 31, 2018 No Responses

DAKUKU: GULF OF GUINEA STRATEGIC TO FOOD SECURITY

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stressed the importance of the Gulf of Guinea to food security to the West and Central African sub-region stating that the region must be...
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Shipping Firm To Supply LNG For New Bulkers
October 29, 2018 No Responses

Shipping Firm To Supply LNG For New Bulkers

Finnish shipping company, ESL Shipping and Hamburg-based Nauticor have signed a long-term contract for the supply of liquefied natural gas (LNG) in the port of Oxelösund in Sweden. Under the deal, Nauticor will provide the environmentally friendly fuel for ES...
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1st LNG-Powered Cruise Ship Delivery Postponed
October 28, 2018 No Responses

1st LNG-Powered Cruise Ship Delivery Postponed

The delivery of the world’s first cruise ship to be powered solely by LNG, AIDAnova, will be delayed, German shipbuilder Meyer Werft said. The shipbuilder explained that it would need more time to thoroughly test all of the ship’s systems...
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