Tag: International

Boeing Urges 737 Max Inspections For Possible Loose Bolt
December 29, 2023 No Responses

Boeing Urges 737 Max Inspections For Possible Loose Bolt

Boeing is urging airlines to inspect its 737 Max airplanes for a possible loose bolt in rudder control systems. The airplane maker called for the inspections after an international operator discovered a bolt with a missing nut, the Federal Aviation...
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China Maintains Lead In Global Shipbuilding
December 28, 2023 No Responses

China Maintains Lead In Global Shipbuilding

China’s shipbuilding output surged by 12.3 percent year-on-year, reaching 38.09 million deadweight tons in the first 11 months of 2023, capturing over 50 percent of the world market. New orders followed suit, witnessing an impressive 63.8 percent YoY increas...
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Nigeria Firm To Export Gas To South Africa
December 28, 2023 No Responses

Nigeria Firm To Export Gas To South Africa

A Nigerian-based energy company, Riverside LNG, has revealed ongoing discussions regarding a potential agreement to supply gas to South Africa from the first quarter of 2024.   This would mark the first such deal between the two nations, sh...
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Firm Seals $3.1b Deal For 11 LNG Carriers
December 23, 2023 No Responses

Firm Seals $3.1b Deal For 11 LNG Carriers

A maritime firm, Shipowner Capital Product Partners has sealed  agreement for  the acquisition of 11 newbuild Liquefied Natural Gas (LNG) carrier vessels worth $3.1billion.  World Maritime News report that each vess...
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At IMO General Assembly, Oyetola  Reiterates FG’s Commitment To  Reposition Maritime Sector 
November 27, 2023 No Responses

At IMO General Assembly, Oyetola  Reiterates FG’s Commitment To  Reposition Maritime Sector 

Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola has restated the commitment of President Bola Ahmed Tinubu’s administration to reposition the nation’s maritime sector in line with its agenda for economic growth and developme...
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Qatar Airways Group Appoints New Chief Executive
October 24, 2023 No Responses

Qatar Airways Group Appoints New Chief Executive

After 27 years of remarkable service, Qatar Airways Group Chief Executive, Mr. Akbar Al Baker will be stepping down from his current position as Group Chief Executive Officer effective November 5th, 2023, and will be succeeded by Engr. Badr Mohammed...
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Qatar Airways Cargo Celebrates 20 Years Of Dedicated Operations
September 25, 2023 No Responses

Qatar Airways Cargo Celebrates 20 Years Of Dedicated Operations

Qatar Airways Cargo, a pioneering force in the global air cargo industry is celebrating 20 years of dedicated freighter operations.  A statement sent to City Business News on Monday explained that Qatar Airways Cargo has evolved and grown into ’the...
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Hyundai Motors Delivers 347,377 Units In August
September 5, 2023 No Responses

Hyundai Motors Delivers 347,377 Units In August

Hyundai Motor Company has announced global sales of 347,377 units in August 2023, a 3.2 percent increase year-over-year.  City Business News reports that despite continued uncertainties in the business environment, the company is maintaining robust sales ...
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Oil Prices Up As Global Supply Drop
August 21, 2023 No Responses

Oil Prices Up As Global Supply Drop

Oil prices rose on Monday as global supply is tightening with lower exports from Saudi Arabia and Russia, offsetting nagging concerns about global demand growth amid high-interest rates. Reuter report that Brent crude climbed 75 cents to $85.55 a barrel...
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MSC Makes Fresh Order For Ten LNG-Powered Containerships
August 9, 2023 No Responses

MSC Makes Fresh Order For Ten LNG-Powered Containerships

The world’s largest container shipping firm MSC has returned to Chinese shipbuilder Zhoushan Changhong International Shipyard with an order for an additional ten LNG-powered containerships. The deal will see Zhoushan Changhong International Shipyard build te...
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Four Contenders Join Race For HMM’s $3.9b Privatization
July 27, 2023 No Responses

Four Contenders Join Race For HMM’s $3.9b Privatization

Four bidders have thrown their hats in the ring for the privatization of HMM, Korea’s largest shipping company, as the government seeks to divest a controlling stake valued at 5 trillion won ($3.9 billion). HMM Co Ltd, formerly Hyundai Merchant...
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Australia Appoints First Woman To Lead Central Bank
July 14, 2023 No Responses

Australia Appoints First Woman To Lead Central Bank

Australia’s central bank says it will be led by a woman for the first time since it was founded in 1960. Michele Bullock will succeed Philip Lowe, who is coming to the end of a seven-year term as governor of...
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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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