Category: International

Maersk Settles Sexual Assault Litigation 
November 25, 2022 No Responses

Maersk Settles Sexual Assault Litigation 

Maersk Line Limited (MLL), a wholly-owned subsidiary of A.P. Moller – Maersk, has settled litigation with Hope Hicks, a former midshipman on the Maersk Line’s ship Alliance Fairfax, filed against the company in New York Supreme Court in June for...
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IMO Scribe Harps On Nigeria’s Strategic Role In Global Economy  
November 21, 2022 No Responses

IMO Scribe Harps On Nigeria’s Strategic Role In Global Economy  

By Moses Ebosele, ebosele@hotmail.com   The Secretary General of the International Maritime Organization, Kitack Lim has described Nigeria as a very important country not only to Africa, but to the global economy.   City Business News reports ...
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Global Food Imports To Hit $2tri 
November 12, 2022 No Responses

Global Food Imports To Hit $2tri 

Food import costs globally are projected to reach nearly two trillion dollars this year, or higher than previously expected, the UN Food and Agriculture Organisation (FAO) has said.  FAO, in a report published on Friday, stated that the new forecast...
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TotalEnergies Attains $9.9b Income In Q3  
October 28, 2022 No Responses

TotalEnergies Attains $9.9b Income In Q3  

French-headquartered energy giant TotalEnergies has strengthened its balance sheet and doubled its profit in the third quarter  (Q3) of 2022 on a year-on-year basis, driven by its LNG business and higher gas prices due to the Ukraine crisis. &nb...
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Grimaldi Secures Order For Five Car Truck Carriers  
October 27, 2022 No Responses

Grimaldi Secures Order For Five Car Truck Carriers  

The Italian shipping company Grimaldi Group has signed an order for the construction of five new Pure Car Truck Carriers (PCTCs) with China Merchants Heavy Industries Jiangsu, which is part of China Merchant Industry Holdings. According to World Maritime ...
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Hyundai breaks Ground On $5.5b EV, Battery Plant  
October 27, 2022 No Responses

Hyundai breaks Ground On $5.5b EV, Battery Plant  

Hyundai Motor Company broke ground on a $5.54 billion Electric Vehicle (EV) and battery plant in the United States.   According to Reuters, the investment is the largest in the state’s history and the latest in a string of EV...
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Lafarge Pleads Guilty To Supporting Terror Groups
October 19, 2022 No Responses

Lafarge Pleads Guilty To Supporting Terror Groups

French cement maker Lafarge has pleaded guilty in the US to supporting the Islamic State and other terror groups. According to BBC report, the firm agreed to a $777.8m (£687.2m) penalty for payments it made to keep a factory running...
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Germany, UAE Reinforce Energy Partnership
September 29, 2022 No Responses

Germany, UAE Reinforce Energy Partnership

Germany and the United Arab Emirates (UAE) have entered into a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the two countries in energy security, decarbonisation and climate action. ...
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Buhari Bids UN General Assembly Farewell As Nigeria’s Leader
September 21, 2022 No Responses

Buhari Bids UN General Assembly Farewell As Nigeria’s Leader

President Muhammadu Buhari addressed the UN General Assembly on Wednesday for the last time as Nigeria’s leader. In his farewell speech, he told the global body that his administration was determined to entrench a process of free, fair, transparent and...
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WHO Reports Global Decline In COVID 19 Cases
September 8, 2022 No Responses

WHO Reports Global Decline In COVID 19 Cases

The World Health Organisation (WHO) says cases of COVID-19 have declined globally.  Dr Tedros Ghebreyesus, WHO Director-General said this on Wednesday in an online COVD-19 media briefing.  “This is very encouraging. But there is no guarantee these tren...
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Samsung, Daewoo, Secure $2.35 Order For Eleven LNG Carriers  
September 7, 2022 No Responses

Samsung, Daewoo, Secure $2.35 Order For Eleven LNG Carriers  

The world’s largest shipbuilders are tapping into the surging demand for LNG carriers. South Korea’s Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering Co (DSME) has revealed a combined order for 11 LNG carriers worth approxima...
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Oil Slides More Than $7 On Inflation, Iraq Exports
August 31, 2022 No Responses

Oil Slides More Than $7 On Inflation, Iraq Exports

Oil prices fell more than $7 a barrel on Tuesday, the steepest decline in about a month, on fears that an inflation-induced weakening of global economies would soften fuel demand and as unrest in Iraq has failed to put a dent...
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Toyota Suspends Operations At Sichuan Plant
August 17, 2022 No Responses

Toyota Suspends Operations At Sichuan Plant

Toyota Motor Corp has suspended operations at its plant in China’s Sichuan province after local authorities issued an order to conserve electricity. Toyota’s joint venture plant in the city of Chengdu has ceased operations until Saturday, a company spokesp...
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UK To Cut Taxes On Imports From Developing Countries
August 16, 2022 No Responses

UK To Cut Taxes On Imports From Developing Countries

The UK is to cut import taxes on hundreds more products from some of the world’s poorest countries to boost trade links. The Developing Countries Trading Scheme comes into force in January and builds on a scheme the UK was...
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