International Archives — Page 4 of 59

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...

May 26, 2023 No Responses

Shipowners Implore UN Member State On Ambitious Course For 2050

The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, has submitted detailed proposal for the next round of IMO negotiations set for July this year with the aim of increasing decarbonization tar...

May 4, 2023 No Responses

WFE Create New Certification For Market Infrastructure

The World Federation of Exchanges (WFE) has announced the creation of a new Market Infrastructure Certificate (MIC) programme, the first of its kind, which is aimed at educating the next generation of financial services leaders globally.City Business News repo...

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...

April 4, 2023 No Responses

7 Jostle For IMO Top Job

Seven member states of the International Maritime Organization (IMO) have nominated candidates for the post of Secretary-General, as the term of the current incumbent, Kitack Lim of the Republic of Korea, is set to expire on December 31, 2023. The...

March 31, 2023 No Responses

Air Peace Launches Nonstop Flights To India

West and Central Africa’s leading airline, Air Peace, in its characteristic way of setting aviation records, achieved another first on March 31, 2023, by launching direct, nonstop flight services to Mumbai, the capital city of Maharashtra State in Southweste...

March 27, 2023 No Responses

Envoy: All Set For Air Peace Direct Flight To India March 31

The much-anticipated direct flights from Nigeria to India is set to commence on March 31, 2023, Mr Gangadharan Balasubramanian, Indian High Commissioner to Nigeria, has said. Balasubramanian told the News Agency of Nigeria (NAN) in Abuja that Air Peace, a...

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...

March 9, 2023 No Responses

Qatar Airways Cargo Celebrates International Women’s Day With All-Female Flight

Qatar Airways Cargo celebrated International Women’s Day with a scheduled Boeing 777 freighter from Doha to Shanghai operated entirely by crew made up of women. A statement explained that from the ground staff overseeing and handling the cargo, t...

March 1, 2023 No Responses

India Bans Oil Tankers Older Than 25 Years

India is ramping up efforts aimed at modernizing its fleet and is reviewing the requirements of the registration and operation of ships to ensure the quality of the Indian flag. As a result, the country is withdrawing trading licenses to...

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...