Category: Maritime

Hyundai Abandons Options for Five Additional Tankers
March 11, 2018 No Responses

Hyundai Abandons Options for Five Additional Tankers

South Korean shipping giant Hyundai Merchant Marine has decided to abandon its options for five additional tankers, the company confirmed to World Maritime News. The company’s very large crude carrier (VLCC) options were a part of an earlier shipbuilding agreement with compatriot shipbuilder...
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Report: Seafarers Happiness Index Down
March 10, 2018 No Responses

Report: Seafarers Happiness Index Down

The average seafarer happiness level in the fourth quarter of 2017 was 6.25 out of 10, according to the Mission to Seafarers’ relaunched Seafarer Happiness Index (SHI). The results show a downward trend when compared to the surveys conducted in 2015 and...
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NIMASA elevates 638 staff
March 5, 2018 No Responses

NIMASA elevates 638 staff

The Governing Board of the Nigerian Maritime Administration and Safety Agency (NIMASA) has approved the promotion of 85 Management Staff and 553 non-staff. The promotions were ratified at the meeting of the Board of the Agency in Lagos under the...
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Kaztec Engineering To Invest $1.5b In Shipyard
March 2, 2018 No Responses

Kaztec Engineering To Invest $1.5b In Shipyard

Mr Marc Robillard, the Commercial Manager of Kaztec Engineering Limited, said his company would invest another 750 million dollars to its existing 300 million dollars investment in Nigeria’s maritime sector. Robillard disclosed this on Thursday in Abuja afte...
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Pirates Take Two Crew Hostage off Benin
March 2, 2018 No Responses

Pirates Take Two Crew Hostage off Benin

Luxembourg-flagged product-chemical tanker, ST Marseille was attacked by five armed pirates on February 26 while anchored in the Bay of Cotonou, the Gulf of Guinea. The pirates approached the tanker in a speedboat and opened fire once they boarded the vessel,...
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NIMASA Projects Five Per Cent Maritime Growth In 2018, Post 2019 Election
February 28, 2018 No Responses

NIMASA Projects Five Per Cent Maritime Growth In 2018, Post 2019 Election

The Nigerian Maritime industry is projected to grow by 2.5 – 5 % within the period 2018-2019 and a projected increase in demand for maritime services in Nigeria during the period of projection.   This was contained in the Nigerian...
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FG, Maritime Stakeholders To Automate All Processes
February 26, 2018 No Responses

FG, Maritime Stakeholders To Automate All Processes

In its quest to ensure the growth and development of the maritime sector in line with the Presidential order on the Ease of Doing Business in Nigeria, the Federal Government is set to automate all shipping related administrative processes in...
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Firm Extends LNG Supply Network for Ships
February 25, 2018 No Responses

Firm Extends LNG Supply Network for Ships

Hamburg-based supplier of LNG Nauticor has extended its LNG supply network for ships within the North Sea region by including the Port of Rotterdam.   The company has been awarded the contract for a bunker operation in Rotterdam for the first...
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Transport Minister Assures Stakeholders of Safe Maritime Domain
February 24, 2018 No Responses

Transport Minister Assures Stakeholders of Safe Maritime Domain

The Minister of Transportation, Rotimi Amaechi has assured stakeholders in the maritime sector that the Federal Government will leave no stone unturned in actualizing its goal for a safer and more secured maritime domain.   The Minister who said this...
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‘Maersk, Nine Other Shipping Lines Control 90 Per Cent Of Deep Sea Market’
February 21, 2018 No Responses

‘Maersk, Nine Other Shipping Lines Control 90 Per Cent Of Deep Sea Market’

More than 87 pct of the global fleet capacity is controlled by only ten out of 67 shipping lines operating fully cellular containerships, which is less than 7 pct of the total lines, according to the data from MDS Transmodal....
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‘Overcapacity, Weak ‘Trading Demand’ Extends into 2018’
February 20, 2018 No Responses

‘Overcapacity, Weak ‘Trading Demand’ Extends into 2018’

Overcapacity, weak ‘trading demand’ and weak OPEC output have depressed the conditions that usually boost long hauls in the tanker shipping market, according to BIMCO. As illustrated by the very weak rates for oil product transports during most parts of 2...
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Cosco Shipping Specialized Carriers Becomes World’s Largest Multipurpose Operator
February 16, 2018 No Responses

Cosco Shipping Specialized Carriers Becomes World’s Largest Multipurpose Operator

China’s Cosco Shipping Specialized Carriers (CoscoSSC) has become the world’s largest multipurpose operator by deadweight, a new report issued by Dynamar shows.  CoscoSSC’s existing fleet has a total deadweight of 1.76 million tons. In addition, the com...
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Africa Welcomes First Nickel Ore Carrier
February 15, 2018 No Responses

Africa Welcomes First Nickel Ore Carrier

The Autonomous Port of Abidjan in Africa hosted its first nickel ore carrier on February 14.  The 50,000 dwt Luzern docked at the port’s Wharf 15.  The port said that the nickel ore came from a mine located in Foungbesso in the...
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Minister Canvasses Support For $16b Egina project
February 14, 2018 No Responses

Minister Canvasses Support For $16b Egina project

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Tuesday commended the management of Total Upstream Nigeria Ltd. (TUPNI), for its 16 billion dollars (N5.76 trillion) Egina project in Nigeria. Kachikwu gave the commendation during his visit to...
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