Tag: Foreign

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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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Pfizer Stakes $43b On Seagen  
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...
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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...
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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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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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Seaport Offers Incentives To Reduce Vessel Emissions
May 6, 2022 No Responses

Seaport Offers Incentives To Reduce Vessel Emissions

To reduce vessel emissions, Canada’s Halifax Port Authority (HPA) has joined the World Port Climate Initiative (WPCI) as an incentive provider with the International Association of Ports and Harbours’ (IAPH) Environmental Ship Index (ESI). The HPA joined t...
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Indians In Nigeria Commemorate Country’s 75th Independence  
May 2, 2022 No Responses

Indians In Nigeria Commemorate Country’s 75th Independence  

No fewer than 400 Indians in Nigeria on Monday engaged in different forms of physical exercise like yoga, aerobics, dance, running and cultural performance to commemorate India’s 75 years of independence. The programme tagged, “Run 4 Unity”, held at the....
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