Firm Archives — City Business News

December 15, 2023 No Responses

Firm Orders Four Methanol-Fueled Bulkers

China state-owned shipping company Shandong Shipping Corporation has been linked to an order of four methanol dual fuel bulkers from compatriot Qingdao Beihai Shipbuilding Heavy Industry. The 325,000 dwt vessels will be time chartered to Brazilian mining giant Vale, according...

October 11, 2021 No Responses

FRSC Seeks Partnership with Refining Firm

The Rivers State Command of the Federal Road Safety Corps (FRSC) has urged the Port Harcourt Refining Company (PHRC) to support the ‘Safe-to-Load’ initiative of the corps.The Sector Commander, Salisu Galadunci, made the call on Monday when he paid a...

September 29, 2021 No Responses

TotalEnergies Floats Electric Mobility Firm

TotalEnergies has signed an agreement with China Three Gorges Corporation to establish a joint venture in electric mobility in China.The venture will develop electric vehicle (EV) high-power charging infrastructure and services, TotalEnergies said.“T...

June 13, 2021 No Responses

Buhari Approves N15trillion Infrastructure Firm

By citybusinessnews@yahoo.com — President Muhammadu Buhari has approved the establishment of Infraco Plc, a world-class infrastructure development vehicle wholly focused on Nigeria with a capital structure of N15 trillion. The president revealed thi...

November 24, 2020 No Responses

Ministry, Firm Seal MoU On Youth Empowerment

Federal Ministry of Youth and Sports Development has signed a Memorandum of Understanding (MoU) with a venture capital company, TIIMAfrica, to grow the businesses of 100 youths in the country. Minister of Youth and Sports Development, Sunday Dare, said at...

December 19, 2019 No Responses

Firm Takes Delivery Of 1st LNG Carrier

Dubai-based Tristar Group has taken delivery of its first liquefied natural gas (LNG) tanker, the 2008-built Tristar Ruby. Formerly known as the British Ruby, the 155,000 cbm tanker was bought from French company Societe Generale, according to data provided by...

March 19, 2019 No Responses

Shipping Firm Invests $55m In Scrubbers

Swedish tanker shipping company Stena Bulk has made a USD 55 million investment in scrubbers that will encompass sixteen of the company’s vessels. As World Maritime News already reported, ten of the company’s IMOIIMAX vessels and five Suezmaxes will be...