Category: Maritime

Maersk Lowers Profit Forecast amid Uncertainties
August 8, 2018 No Responses

Maersk Lowers Profit Forecast amid Uncertainties

A.P. Møller – Mærsk A/S has downgraded its profit guidance for 2018 amid growing uncertainties on the market impacting container freight rates including geopolitical risks, high bunker prices and trade tensions. As a result, Maersk forecasts that its EBITDA will...
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Newcastle Eyes Container Terminal
August 6, 2018 No Responses

Newcastle Eyes Container Terminal

A container terminal has been planned for Australian Port of Newcastle, the world’s largest coal export port which is now ready to diversify.     The new CEO of the port, Craig Carmody, has committed the Port of Newcastle to...
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Special Anti-Piracy Operation Gets Extension
August 4, 2018 No Responses

Special Anti-Piracy Operation Gets Extension

European shipowners have welcomed the EU’s decision to extend the Operation Atalanta until the end of 2020.  On July 30, the European Council decided to extent the mandate of EU NAVFOR Somalia’s operation until December 31, 2020. The objectives of...
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Firm Takes Delivery of LNG Carrier
August 2, 2018 No Responses

Firm Takes Delivery of LNG Carrier

Japanese shipping company Mitsui O.S.K. Lines (MOL) has unveiled its first transportation service contract with German utility company Uniper following the delivery of LNG Schneeweisschen, an LNG carrier. The 180,000 cbm newbuilding, jointly ordered by MOL ...
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Firm Orders 12 Ethane Carriers
July 29, 2018 No Responses

Firm Orders 12 Ethane Carriers

US investment banking and principal investment firm Delos Shipping has been linked to an order of up to twelve very large ethane carriers (VLECs). According to data provided by Asiasis, the company ordered the units from two South Korean shipbuilding...
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EU, US To Boost LNG Trade, Hold Further Tariffs
July 28, 2018 No Responses

EU, US To Boost LNG Trade, Hold Further Tariffs

  The trade relations between the United States and Europe, which were on roller coaster ride over the past few months amid trade tariff threats and retaliation measures being thrown from each side, seem to be on the path of...
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Dakuku: Creation Of More Agencies Not Solution To Maritime Security Challenges
July 27, 2018 No Responses

Dakuku: Creation Of More Agencies Not Solution To Maritime Security Challenges

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that creating additional agencies in the maritime sector would only overburden the sector; adding that what needed to be done was to strengt...
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NIMASA Sets Up Committee On Sustainable Blue Economy
July 26, 2018 No Responses

NIMASA Sets Up Committee On Sustainable Blue Economy

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that partnership is a crucial element to the effective utilization of Africa’s maritime resources, just as a committee of Stakeholders has...
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ISPS Code: NIMASA Seals Heyden Petroleum Jetty, NIPCO, Others
July 25, 2018 No Responses

ISPS Code: NIMASA Seals Heyden Petroleum Jetty, NIPCO, Others

As part of measures to ensure total compliance with the provisions of the International Ships and Ports Facility Security (ISPS) code, the Nigerian Maritime Administration and Safety Agency (NIMASA) has taken stern measures against three alleged erring facilit...
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Nigerdock Lauds SIFAX Ferry After Facility Inspection
July 25, 2018 No Responses

Nigerdock Lauds SIFAX Ferry After Facility Inspection

Nigerdock Nigeria Limited has commended SIFAX Group for the quality service and excellent facilities it has put in place for the recently-launched ferry service. The ferry service is currently available on Ebute-Ojo-Apapa and Mile 2 – Apapa routes. Nigerdock...
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Terminals In Europe, Australia Lift DP World’s Performance By 4.8 Per cent In Six Months
July 25, 2018 No Responses

Terminals In Europe, Australia Lift DP World’s Performance By 4.8 Per cent In Six Months

Despite geopolitical tensions, Dubai-based port developer DP World said that the first half of 2018 saw an upswing in global trade, especially at its container terminals in Europe and Asia. The port operator reported a 4.8 pct growth in gross container...
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Nigeria Lifts Suspension On Maersk Line, Cosco, Two Others
July 24, 2018 No Responses

Nigeria Lifts Suspension On Maersk Line, Cosco, Two Others

The Management of Nigerian Ports Authority (NPA) has ordered restoration of services to the four shipping Companies whose operations were suspended for their alleged failure to comply with the directive of acquiring and operating holding bays for their contain...
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Samsung Secures $366.1M Contract For Special-Purpose Ships
July 24, 2018 No Responses

Samsung Secures $366.1M Contract For Special-Purpose Ships

South Korean shipbuilder Samsung Heavy Industries (SHI) has won a deal for the construction of three special-purpose ships worth KRW 415.7 billion ($ 366.1 million).  The shipbuilder said the order was received from an undisclosed North American shipowner. T...
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Firm Gets 1st LNG-Powered Ship
July 23, 2018 No Responses

Firm Gets 1st LNG-Powered Ship

U.S.-based shipping company Crowley Maritime Corporation has taken delivery of its first LNG-powered Combination Container Roll-on/Roll off (ConRo) ship from VT Halter Marine. El Coquí, which is one of the first ConRos in the world, is also the first of two....
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