Category: Foreign

MSC Makes Fresh Order For Ten LNG-Powered Containerships
August 9, 2023 No Responses

MSC Makes Fresh Order For Ten LNG-Powered Containerships

The world’s largest container shipping firm MSC has returned to Chinese shipbuilder Zhoushan Changhong International Shipyard with an order for an additional ten LNG-powered containerships. The deal will see Zhoushan Changhong International Shipyard build ten LNG-powered behemoths each boasting a...
read more
EU Suspends Security Cooperation, Budgetary Aid For Niger
July 30, 2023 No Responses

EU Suspends Security Cooperation, Budgetary Aid For Niger

The European Union (EU) has suspended all security cooperation with Niger after the country’s army took power in a coup. It comes shortly after the US declared its “unflagging support” for ousted president Mohamed Bazoum – seen as ...
read more
Four Contenders Join Race For HMM’s $3.9b Privatization
July 27, 2023 No Responses

Four Contenders Join Race For HMM’s $3.9b Privatization

Four bidders have thrown their hats in the ring for the privatization of HMM, Korea’s largest shipping company, as the government seeks to divest a controlling stake valued at 5 trillion won ($3.9 billion). HMM Co Ltd, formerly Hyundai Merchant...
read more
India Bans Rice Exports
July 21, 2023 No Responses

India Bans Rice Exports

India has outlawed the export of non-basmati white rice in an attempt to ward off looming domestic price spikes. BBC report that heavy rains have hurt crops in the country and rice prices have risen by more than 11% over...
read more
Photo News
June 23, 2023 No Responses

Photo News

L – R: Mr Abiona Babarinde, General Manager, Marketing and Corporate Communications, Coscharis Group; Mr. David Greene, United States Embassy Charge d’ Affaires for Nigeria; Mr. Josiah Samuel, Group Managing Director, Coscharis Group; Mr. Joseph Omokha...
read more
America’s 10 Richest People Worth More Than 106 Poorest Countries
June 22, 2023 No Responses

America’s 10 Richest People Worth More Than 106 Poorest Countries

The concentration of wealth in the hands of a privileged elite has long been a subject of concern and scrutiny, with the gap between the poor increasingly widening. The impact of the gap is highlighted by the fact that the...
read more
IndiGo Places Order For 500 Airbus A320 Aircraft
June 20, 2023 No Responses

IndiGo Places Order For 500 Airbus A320 Aircraft

Indian carrier IndiGo has made a record order for 500 Airbus A320 aircraft – the largest single purchase agreement by any airline in commercial aviation history. The deal, announced on the first day of the Paris Airshow, is worth roughly...
read more
Consortium To Develop Zero-Emission Tugs
June 16, 2023 No Responses

Consortium To Develop Zero-Emission Tugs

United Kingdom (UK) shipbuilder Harland & Wolff has joined forces with Macduff Ship Designers, Kongsberg Maritime and Echandia, to create a UK consortium with a common vision to develop and build a zero emissions harbour and coastal tug. World Maritime...
read more
Samsung Gets $518m Contract For Two LNG Carriers  
June 14, 2023 No Responses

Samsung Gets $518m Contract For Two LNG Carriers  

South Korean shipbuilding company, Samsung Heavy Industries (SHI) has received an order to construct two liquified natural gas (LNG) carriers. World Maritime News report that the South Korean heavyweight signed the contract with an undisclosed shipowner f...
read more
Hyundai Secures Approval For New Tank Shape For Liquefied Gas, Fuel
June 12, 2023 No Responses

Hyundai Secures Approval For New Tank Shape For Liquefied Gas, Fuel

Korean Register (KR) has awarded an Approval in Principle (AIP) to HD Hyundai Heavy Industries (HD HHI) for a new type of tank shape with sloshing-restrained technology designed for various liquefied gases and fuels. World Maritime News report that t...
read more
Firms Seal LNG Bunkering Partnership
June 12, 2023 No Responses

Firms Seal LNG Bunkering Partnership

Italian maritime transportation group, Fratelli Cosulich has started a collaboration with low and zero-emission fuels supplier, Titan as it seeks to strengthen its position in the European LNG bunkering market. As part of this collaboration, Fratelli Cosu...
read more
MOL Appoints First Female Captain
June 9, 2023 No Responses

MOL Appoints First Female Captain

Japanese shipping major, Mitsui O.S.K. Lines (MOL) has appointed Naomi Matsushita as the captain of its car carrier, Beluga Ace, effective June 6. World Maritime News report that the decision marks a significant step forward for gender diversity in the...
read more
Maersk Reports $5.7b Drop In Q1 Profit
May 4, 2023 No Responses

Maersk Reports $5.7b Drop In Q1 Profit

Danish container shipping major Maersk has reported a massive drop in its ocean revenue for the first quarter of this year, plunging by $5.7 billion to $9.9 billion year-on-year amid lower freight rates and softened demand. Last year saw a...
read more
Maersk Explains $29.3b 2022 Profit, Assigns $11b For Integration, Decarbonization 
February 9, 2023 No Responses

Maersk Explains $29.3b 2022 Profit, Assigns $11b For Integration, Decarbonization 

Foremost Container shipping heavyweight, A.P. Moller – Maersk has reported exceptional financial results for the year 2022.  Despite the abnormal market conditions caused by the COVID-19 pandemic, the company reported solid performance across all its bu...
read more
1 2 3 4 5 6 … 13