Maritime – Page 141 – City Business News

January 22, 2019 No Responses

Firm Gets $86.6m Refund On Four Cancelled Shipbuilding Deals

Canadian shipping company, Algoma Central Corporation has received full refund of instalment payments for the now-cancelled shipbuilding contracts with Croatia’s Uljanik and 3. Maj Shipyard. The company entered into five shipbuilding contracts with 3. Maj Shipyard, an operating unit of Uljanik....

January 21, 2019 No Responses

NIMASA Dedicates Federal Agency of The Year Award To Stakeholders

The Nigerian Maritime Administration and Safety Agency (NIMASA) says it would intensify its efforts to reposition the maritime industry in Nigeria, as the agency moves to become a leading maritime administration in Africa. The Director-General of NIMASA, Dr. D...

January 20, 2019 No Responses

Adoption Of LNG As Marine Fuel Gains Momentum

Ahead of January 1, 2020, signaling the impending entrance into force of the global sulphur cap, adoption of LNG as a marine fuel is set to accelerate, according to Peter Keller, Chairman of SEA/LNG Coalition. The organization has 36 members, repres...

January 18, 2019 No Responses

Ocean Alliance Deploys 330 Ships

The Ocean Alliance partners have presented their new service offering, which would see the carriers utilize 330 containerships. Namely, CMA CGM, COSCO Shipping Lines, OOCL and Evergreen signed the agreement for the launch of Ocean Alliance Day 3 Product, ...

January 17, 2019 No Responses

Report: Despite Automation, Qualified Transport Workers Still Needed

The introduction of automation in global transport will be evolutionary, rather than revolutionary and despite high levels of automation, qualified human resources with the right skill sets will still be needed in the foreseeable future, a new report produced ...

January 16, 2019 No Responses

Firm To Finance New Ships With $240m Loan

Norwegian shipowner 2020 Bulkers has signed a USD 240 million deal for the post-delivery financing of its newbuilding program. The financing facility, agreed on January 11, carries an interest of Libor+250 bps. It has an 18-year repayment profile for...

January 14, 2019 No Responses

Shipping Agencies Bag NIMASA Maritime Achievement Awards

The Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha has said that the Federal Government has successfully worked hard through the Nigerian Maritime Administration and Safety Agency (NIMASA) to reposition the Nigerian maritime industry fo...

January 14, 2019 No Responses

Maersk Line Takes Delivery of New 3,600 TEU Containership

COSCO Zhoushan Shipyard has delivered a 3,600 TEU containership to Danish shipping company Maersk Line, named Vilnia Maersk. The ship is the sixth in a series of a total of seven Baltic feeders Maersk’s brand Seago Line plans to deploy in the ...

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), ...

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 ...

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Category: Maritime