International Archives — City Business News

May 28, 2023 No Responses

Brazil, Costa Rica Join International Transport Forum

Brazil and Costa Rica have joined the International Transport Forum (ITF) as the organisation’s 65th and 66th member countries. The ITF’s highest statutory body, the Council of Ministers of Transport, voted to admit both Latin American nations on 24 May 2023 at...

May 26, 2023 No Responses

Shipowners Implore UN Member State On Ambitious Course For 2050

The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, has submitted detailed proposal for the next round of IMO negotiations set for July this year with the aim of increasing decarbonization tar...

May 4, 2023 No Responses

WFE Create New Certification For Market Infrastructure

The World Federation of Exchanges (WFE) has announced the creation of a new Market Infrastructure Certificate (MIC) programme, the first of its kind, which is aimed at educating the next generation of financial services leaders globally.City Business News repo...

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...

May 4, 2023 No Responses

Ghana Understudies Nigerian Cabotage Regime

The Ghanaian Maritime Authority (GMA) has commenced a 10- Day programme to understudy the implementation of the Coastal and Inland Shipping Act also known as the Cabotage Law in Nigeria under a collaborative arrangement with the Nigerian Maritime Administratio...

May 4, 2023 No Responses

Deloitte Remains World’s Most Valuable Commercial Services Brand

Deloitte has once again emerged as the world’s most valuable Commercial Services brand after its brand value increased by 16% to USD$34.5 billion, according to a new report from leading brand valuation consultancy, Brand Finance. Every year, leading brand va...

April 4, 2023 No Responses

7 Jostle For IMO Top Job

Seven member states of the International Maritime Organization (IMO) have nominated candidates for the post of Secretary-General, as the term of the current incumbent, Kitack Lim of the Republic of Korea, is set to expire on December 31, 2023. The...

March 31, 2023 No Responses

Air Peace Launches Nonstop Flights To India

West and Central Africa’s leading airline, Air Peace, in its characteristic way of setting aviation records, achieved another first on March 31, 2023, by launching direct, nonstop flight services to Mumbai, the capital city of Maharashtra State in Southweste...

March 27, 2023 No Responses

Envoy: All Set For Air Peace Direct Flight To India March 31

The much-anticipated direct flights from Nigeria to India is set to commence on March 31, 2023, Mr Gangadharan Balasubramanian, Indian High Commissioner to Nigeria, has said. Balasubramanian told the News Agency of Nigeria (NAN) in Abuja that Air Peace, a...

March 19, 2023 No Responses

WFE: $25tri Wiped Off Global Stock Markets

New data published by the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, indicates that $25 trillion was wiped off global stock markets in 2022.City Business News reports that WFE’s Financial...

March 14, 2023 No Responses

Pfizer Stakes $43b On Seagen

Pfizer, the pharmaceutical giant, has entered a merger agreement with Seagan Inc., a global biotechnology company, for $43 billion or $229 per share. Seagan discovers, develops and commercialises cancer medicines. The companies expect to complete the merger in...

March 9, 2023 No Responses

Qatar Airways Cargo Celebrates International Women’s Day With All-Female Flight

Qatar Airways Cargo celebrated International Women’s Day with a scheduled Boeing 777 freighter from Doha to Shanghai operated entirely by crew made up of women. A statement explained that from the ground staff overseeing and handling the cargo, t...

March 7, 2023 No Responses

Brazil, Luxembourg Join International Chamber Of Shipping

The International Chamber of Shipping (ICS), representing over 80% of the world’s merchant fleet, has announced FEDIL Shipping, Luxembourg and the Brazilian Association of Cabotage Owners as affiliate members of the associations. FEDIL Shipping acts as...

March 1, 2023 No Responses

India Bans Oil Tankers Older Than 25 Years

India is ramping up efforts aimed at modernizing its fleet and is reviewing the requirements of the registration and operation of ships to ensure the quality of the Indian flag. As a result, the country is withdrawing trading licenses to...