Category: Maritime

Experts Lament Inadequate Capacity For Green Recycling Of Large Ships
December 8, 2020 No Responses

Experts Lament Inadequate Capacity For Green Recycling Of Large Ships

Lack of sufficient recycling capability among shipyards included in the EU list to dismantle large ships remains an issue, BIMCO has said. The EU Ship Recycling Regulation requires all large sea-going vessels sailing under an EU member state flag to use an...
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Commission Rules Out Tax Exemptions For Seaports
December 7, 2020 No Responses

Commission Rules Out Tax Exemptions For Seaports

The European Commission has requested from Italy to abolish the corporate tax exemptions granted to its ports, in order to align its tax regime with EU State aid rules.   As explained, profits earned by port authorities from economic activities must....
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Abu Dhabi, Daewoo Seal $260m Contract For Three Crude Carriers
December 5, 2020 No Responses

Abu Dhabi, Daewoo Seal $260m Contract For Three Crude Carriers

Abu Dhabi National Oil Company (ADNOC) has placed an order for three Very Large Crude Carriers (VLCCs) with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering. The contract is worth KRW 282 billion ($ 260 million), according to the...
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Jamoh: NIMASA e-library Equipped To Bridge Industry Knowledge Gap
November 30, 2020 No Responses

Jamoh: NIMASA e-library Equipped To Bridge Industry Knowledge Gap

Director General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, has said that its newly commissioned e-library was equipped to bridge the knowledge gap in the industry. Jamoh, who disclosed this in a statement on Sunday,&nb...
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Firm Receives World’s First Zero-Emission Vessel
November 28, 2020 No Responses

Firm Receives World’s First Zero-Emission Vessel

The long-awaited zero-emission container vessel Yara Birkeland has been delivered to its owner Yara International, Norway-based shipbuilder Vard informed. Upon delivery, the vessel is scheduled to undergo testing for container loading and stability, before it ...
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Bayelsa, NIMASA Reiterate Maritime Partnership
November 25, 2020 No Responses

Bayelsa, NIMASA Reiterate Maritime Partnership

The  maritime sector has great potential for the economic advancement of Bayelsa State, Governor Douye Dire has said.   According to Diri, his administration cherishes its relationship with the Nigeria Maritime Administration and Safety Age...
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Firms Unveil Agenda For Maritime Biofuel
November 25, 2020 No Responses

Firms Unveil Agenda For Maritime Biofuel

Uniper Energy DMCC (UED), a supplier of very low sulphur fuel oil (VLSFO), and Neutral Fuels, a pioneer of net zero biofuels in the UAE, have teamed up to provide maritime biofuel in Fujairah, UAE.   The two companies plan to...
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Shipbreaking Cartel In Bangladesh Comes To An End
November 24, 2020 No Responses

Shipbreaking Cartel In Bangladesh Comes To An End

After exactly two months in operation, the shipbreaking cartel in Bangladesh has collapsed as it failed to secure enough tonnage, GMS, the world’s largest cash buyer of ships for recycling, said.   During the sixty-day period ended 21 November, a f...
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Samsung Secures $2.5b Ship Block Deal
November 24, 2020 No Responses

Samsung Secures $2.5b Ship Block Deal

South Korean shipbuilder Samsung Heavy Industries (SHI) has won a major ship block deal, the biggest ever single contract deal in the yard’s history.  The deal, revealed on Monday in a stock exchange filing, comes from an unnamed European shipowner...
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Danica: Each Crew Change Costing Up To $2,000 More Amid COVID-19 Impact
November 21, 2020 No Responses

Danica: Each Crew Change Costing Up To $2,000 More Amid COVID-19 Impact

Individual crew changes are costing up to an additional $2,000, doubling the price since last year as a result of the COVID-19 pandemic, Danish-managed crewing specialist Danica has said. The crewing agency said that the figure resulted from analysing a...
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UNCTAD Warns Of Grim Maritime Trade
November 13, 2020 No Responses

UNCTAD Warns Of Grim Maritime Trade

Global maritime trade will plunge in 2020 due to the unprecedented disruption caused by COVID-19, the United Nations Conference on Trade and Development (UNCTAD) said in a new report. The report, entitled the Review of Maritime Transport 2020, warns that...
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“Re-Establishment Of National Fleet Imminent”
November 5, 2020 No Responses

“Re-Establishment Of National Fleet Imminent”

The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, has reaffirmed the agency’s commitment to the establishment of a strong and sustainable national fleet. Jamoh in a statement on Wednesday explained ...
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NIWA Proposes N6.6b Capital Vote For 2021
November 4, 2020 No Responses

NIWA Proposes N6.6b Capital Vote For 2021

The National Inland Waterways Authority (NIWA) has proposed N6.6 billion as capital components of its N7.3 billion 2021 budget estimates to upscale development of inland water transportation in the country. The Managing Director of NIWA, Dr George Moghalu, mad...
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CMA CGM Takes Delivery Of 2nd LNG-Powered 23,000 TEU Giant
October 31, 2020 No Responses

CMA CGM Takes Delivery Of 2nd LNG-Powered 23,000 TEU Giant

The CMA CGM Champs Elysees has joined CMA CGM Group’s fleet as the company’s second 23,000 TEU containership powered by liquefied natural gas.  The giant vessel is a sister ship to CMA CGM’s flagship, the CMA CGM Jacques Saade, which...
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