Category: Foreign

India Signs $100b Free Trade Deal With Four Countries
March 11, 2024 No Responses

India Signs $100b Free Trade Deal With Four Countries

India has signed a free trade agreement (FTA) with a group of four European countries that are not members of the European Union. The deal with the European Free Trade Association (EFTA) will see investments in India of $100bn (£77.8bn),...
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Firm Gets $1.08b Contract For LNG Carriers
February 27, 2024 No Responses

Firm Gets $1.08b Contract For LNG Carriers

South Korean shipbuilding heavyweight, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured an order for the construction of four LNG carriers worth $1.08 billion. .The four LNG carriers have been ordered by an unnamed shipping company f...
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Firm Secures $241m Contract For Two Carriers
February 22, 2024 No Responses

Firm Secures $241m Contract For Two Carriers

South Korean shipbuilder, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received an order to build two very large ammonia carriers (VLACs) for a shipping company based in Africa. The contract valued at $241.3 million is to be built...
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Samsung Gets $3.4b Contract For 15 LNG Carriers
February 7, 2024 No Responses

Samsung Gets $3.4b Contract For 15 LNG Carriers

South Korean shipbuilding major, Samsung Heavy Industries (SHI) has secured a contract to construct fifteen liquefied natural gas (LNG) carriers. The contract, worth $3.44 billion, is the largest single deal received by the shipbuilder, exceeding the...
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Firm Secures Contract For LNG Carriers Repairs, Upgrades
February 4, 2024 No Responses

Firm Secures Contract For LNG Carriers Repairs, Upgrades

Singapore’s Seatrium, previously known as Sembcorp Marine, has secured a favored customer contract (FCC) with Greek shipping company, TMS Cardiff Gas for the repairs and upgrades of LNG carriers. According to Seatrium, the partnership will focus on achieving...
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UBA Appoints Mulili, Samoura As MD/CEO In Kenya, Sierra Leone
February 3, 2024 No Responses

UBA Appoints Mulili, Samoura As MD/CEO In Kenya, Sierra Leone

United Bank for Africa (UBA) Plc has appointed Ms. Mary Mulili and Mr Mohamed Alhajie Samoura, as the new Managing Directors/Chief Executive Officers of its subsidiaries in Kenya and Sierra Leone respectively. Ms. Mulili’s appointment marks a signi...
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Burkina Faso, Mali, Niger Exit ECOWAS
January 29, 2024 No Responses

Burkina Faso, Mali, Niger Exit ECOWAS

The military Governments in Burkina Faso, Mali and Niger announced on Sunday immediate withdrawal from the Economic Community of West African States (ECOWAS).  In a joint statement, leaders of the three countries explained that it was a “sovereign...
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World’s Largest Cruise Ship Sets Sail From Miami
January 28, 2024 No Responses

World’s Largest Cruise Ship Sets Sail From Miami

The world’s largest cruise ship has set sail from Miami, Florida, on its maiden voyage, amid concerns about the vessel’s methane emissions. The 365m-long (1,197 ft) Icon of the Seas has 20 decks and can house a maximum of 7,600...
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Shell, Qatar Seal Crude Supply Deal
December 29, 2023 No Responses

Shell, Qatar Seal Crude Supply Deal

Qatar’s state-owned oil and gas company, QatarEnergy has entered into a five-year crude oil supply agreement with Shell International Eastern Trading Company, Singapore. Commencing in January 2024, the deal encompasses the supply of up to 18 million bar...
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Nestle, Shipping Majors Seal Green Fuel Deals
December 8, 2023 No Responses

Nestle, Shipping Majors Seal Green Fuel Deals

Container shipping companies, Hapag-Lloyd and CMA CGM on Thursday revealed that they have entered into collaboration with Nestlé, a Switzerland-based food & beverage company, aiming to advance cleaner shipping. “Nestlé has selected our emissi...
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Oyetola Woos Brazil, Jamaica, To Sign MoU With Saudi Arabia
November 29, 2023 No Responses

Oyetola Woos Brazil, Jamaica, To Sign MoU With Saudi Arabia

The minister of Marine and Blue Economy, Adegboyega Oyetola, on Tuesday, continued bilateral discussions with ministers and representatives from the Kingdom of Saudi Arabia, Bangladesh, Brazil and Jamaica, expressing Nigeria’s government interest in lear...
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Nissan Unveils £2b Electric Car Investment Plan In UK
November 25, 2023 No Responses

Nissan Unveils £2b Electric Car Investment Plan In UK

Nissan and its partners have announced a £2bn plan to build three electric car models at its Sunderland factory. BBC Reports that the Japanese firm will build electric Qashqai and Juke models at the plant alongside the next generation of...
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Firm Boosts Fleet With New LNG-Powered PCTC
November 12, 2023 No Responses

Firm Boosts Fleet With New LNG-Powered PCTC

Japanese shipping company, Nippon Yusen Kaisha has taken delivery of Sweet Pea Leader, the latest LNG-fueled pure car and truck carrier (PCTC), at Tadotsu Shipyard, part of Imabari Shipbuilding Group. Ordered from Nihon Shipyard, the 77,644 GT vessel...
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Saudi Arabia Opens Doors To African Investors
November 12, 2023 No Responses

Saudi Arabia Opens Doors To African Investors

The Kingdom of Saudi Arabia is opening its doors to African investors and companies to benefit from the huge investment opportunities provided by the Kingdom’s Vision 2030 mega projects, a resolution from the Saudi-Africa Summit, indicates. The Kingdom, whil...
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