Samsung Secures $1.08b Deal For Five LNG Carriers 

Samsung Secures $1.08b Deal For Five LNG Carriers 

South Korean shipbuilder Samsung Heavy Industries (SHI) has received orders for the construction of five liquefied natural gas (LNG) carriers.  Already, the South Korean shipbuilder signed a shipbuilding contract with an undisclosed shipowner in Oceania.  The order is valued at...
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Maersk, Suez Canal Sign $500m Port Development Deal

Maersk, Suez Canal Sign $500m Port Development Deal

A.P. Moller – Maersk and the Suez Canal Authority (SCA) have signed a $500 million deal for the development of the Suez Canal Container Terminal (SCCT) in East Port Said. The investment includes a new 1,000-meter container berth adjacent to...
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Oyo Leases Agbowo Shopping Complex, Seals 50 Years Concession With Investor

Oyo Leases Agbowo Shopping Complex, Seals 50 Years Concession With Investor

Oyo State Government has leased out the popular Agbowo Shopping Complex, adjacent to University of Ibadan, to an investor that would convert it into a premium commercial real estate and a four-star hotel. Gov Seyi Makinde disclosed this while inaugurating...
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Shell, Firm Seal $245m Charter Deal

Shell, Firm Seal $245m Charter Deal

Petroleum and chemical tanker owner, AET Tanker Holdings has secured $245million time charter contracts with Brazil Shipping I Limited, a subsidiary of Royal Dutch Shell. Under the terms of the deal, AET said it would own and operate the related newbuilding.....
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