Global Maritime Archives — City Business News

June 18, 2024 No Responses

Shipping Firm Budgets $37.1m To Fund Green Transition

Finland-based shipping company ESL Shipping has completed the sale of two Supramax vessels to support its journey towards green shipping. The vessels, Arkadia and Kumpula, were sold to companies belonging to the Turkish shipping and logistics group HGF Denizcilik Limited...

April 8, 2024 No Responses

Nigeria, Spain To Deepen Maritime Security Cooperation

The Spanish Ambassador to Nigeria, Ambassador Juan Ignacio Sell has declared that the Spanish Government is desirous to deepen cooperation with Nigeria through further collaboration with the Nigerian Maritime Administration and Safety Agency (NIMASA)...

April 7, 2024 No Responses

UK Backs Creation Of Green International Shipping Routes

The UK government has revealed it will launch the bidding process for the £1.5 million ($1.9 million) funding aimed at establishing zero-emission shipping routes to and from the UK. The latest round of the Clean Maritime Demonstration Competition (...

January 27, 2024 No Responses

Oil Tanker On Fire After Attack

An oil tanker is on fire in the Gulf of Aden, its operator says, after Houthis said they hit it with a missile. The movement said it had targeted the Marlin Luanda on Friday evening. Operator Trafigura told the BBC...

January 18, 2024 No Responses

Shell Suspends All Red Sea Shipments

Shell has suspended all shipments through the Red Sea indefinitely amid the ongoing Houthi attacks from Yemen on commercial vessels on the key global trade route. Shell is the latest firm in a long line of companies, which decided to...

January 16, 2024 No Responses

APM Terminals To Invest $500m In Port Terminal

A.P. Moller-Maersk’s APM Terminals has partnered with Plaquemines Port Harbor and Terminal District (Plaquemines Port) to build a major container terminal on the West Bank of Plaquemines Parish, Louisiana, United States. According to APM Terminals, the new t...

December 17, 2023 No Responses

Shipping Firms Stop Red Sea Routes After Attacks

The world’s largest shipping group, Mediterranean Shipping Company (MSC), has announced it is diverting its ships away from the Red Sea because of an increased threat of attacks. French company CMA CGM took a similar step a day after Danish...

July 1, 2023 No Responses

Maersk, CMA CGM, Evergreen Stake $5b On 44 Ships

The container shipping market is bustling with activity as container shipping giants Maersk, Evergreen, and CMA CGM collectively place orders for up to 44 containerships, valued at over $5 billion. World Maritime News report that Evergreen has emerged as ...

February 4, 2023 No Responses

CNG Declares 2023 Multinational Maritime Exercise Successful

The Chief Of Naval Staff (CNS), Vice Adm. Awwal Gambo, on Friday said the 2023 multinational maritime exercise in the Gulf of Guinea, codenamed ‘Obangame Express’, was a huge success. Gambo said this during the review of the exercise at...

January 20, 2023 No Responses

World’s First Digital Ship Register Debuts

Denmark has launched the world’s first digital ship register to increase security related to ship registration and ship trading. Under the arrangement, Danish Maritime Authority has rolled out a new digital ship register to ease the workload with faste...

December 9, 2022 No Responses

Bill Gates-Backed Blue World Technologies Targets Maritime Sector

The Danish fuel cell manufacturer Blue World Technologies is set to start series production of a fuel cell-based auxiliary power unit (APU) system running on methanol intended for the maritime market. The company wants its fuel cells to replace conventio...

December 4, 2022 No Responses

Samsung Secures $1.08b Contract For five LNG Carriers

South Korean shipbuilder, Samsung Heavy Industries (SHI) has received orders for the construction of five liquefied natural gas (LNG) carriers valued at $1.08 billion. Under the terms of the deal, the LNG carriers are scheduled to be delivered by th...

November 17, 2022 No Responses

NPA’s Efforts At Eliminating Corruption Attract Global Commendation

The Nigerian Ports Authority (NPA) on Wednesday says that its efforts at eliminating systemic corruption at the port are attracting global commendation. A statement issued on Wednesday explained that the commendation came in the form of an award won by.....

November 13, 2022 No Responses

Maersk Seeks End Date For Fossil Fuels In Shipping

The only way to lower greenhouse gas emissions in shipping and entice companies to set zero-emission targets in the sector is by setting an end date for fossil fuels in the shipping industry through a global regulation, Maersk’s Chief Advisor...