International Archives — Page 41 of 59

May 11, 2017 No Responses

Port of Virginia hosts COSCO Development

The Port of Virginia welcomed on May 8 COSCO Development, the largest containership to call this port and the US East Coast. The 13,092 TEU boxship breaks the previous record held by the 10,000 MOL Benefactor when it sailed to Norfolk International Terminals...

May 10, 2017 No Responses

NPA, Japanese govt to collaborate on projects

The Nigerian Ports Authority (NPA) has stated that it would collaborate with the Japanese Government especially in the areas of technical and manpower support. This assurance was given by the NPA Managing Director, Hadiza Bala Usman who was represented...

May 10, 2017 No Responses

Ecobank receives Asian Banker’s Awards

Ecobank Nigeria and Ecobank Transnational Incorporated (ETI) microfinance banking subsidiary in Ghana, Pan-African Savings & Loans, have received remittance product of the year and the best microfinance product in Africa for 2017 awards respectively at The...

May 8, 2017 No Responses

COSCO Shipping to sell stake in shipyard assets

COSCO Shipping International (Singapore) has decided to sell equity interest in its shipyard assets for a price of CNY 1.46 billion (USD 211.5 million) to COSCO Shipping Heavy Industry. In an effort to centralize operations and management, the company said i...

May 6, 2017 No Responses

Brake malfunction investigation underway for Nissan Muranos

The United State safety regulators are conducting a preliminary investigation into complaints of faulty brakes in the 2009 Nissan Murano line. The inquiry covers 110,000 Murano crossovers, the Associated Press reported. The National Highway Traffic Safe...

May 4, 2017 No Responses

FPSO vessel to berth at LADOL’s multi-purpose facility in September

Arrangements are in top gear to receive Egina Floating Production Storage and Offloading (FPSO) Vessel at Lagos Deep Offshore Logistics Base (LADOL) facility in September. FPSO is a floating vessel located near an oil platform, where oil is processed...

May 4, 2017 No Responses

Fero Mobile begins nationwide activation campaign

Following the successful launch of its mobile phones into the Nigerian market, Fero Mobile has embarked on a nationwide activation campaign to showcase the full range of its affordable devices to consumers. The brand will be visiting ICT markets, shopping...

May 2, 2017 No Responses

Singapore: Well-Positioned for Maritime Industry

Singapore has once again clinched the top position in Menon’s Leading Maritime Capitals of the World Report, the third edition of the maritime report where Singapore was also ranked first in 2015 and 2012. Singapore was ranked number one in...

May 1, 2017 No Responses

Total teams up with Pavilion Energy on LNG bunkering

Total Marine Fuels Global Solutions and Pavilion Gas signed a Memorandum of Understanding (MOU) on LNG bunkering cooperation in Singapore, on the sidelines of GASTECH 2017 in Tokyo, Japan. Under the MOU, Pavilion Gas, a wholly-owned subsidiary of Pavilion Ene...

April 29, 2017 No Responses

Kia plans $1.1 billion plant in India

Kia Motors has signed a memorandum of understanding (MOU) with the State Government of Andhra Pradesh, India to build a new manufacturing facility in Anantapur District. The MOU ceremony was held in the city of Vijayawada, a part of Andhra...

April 28, 2017 No Responses

NSE, London Stock Exchange renew capital market agreement

The Nigerian Stock Exchange (NSE) and London Stock Exchange Group (LSEG) on Thursday in Lagos announced the renewal of their strategic capital markets partnership agreement at the Nigerian Stock Exchange (NSE). Under the arrangement, the renewal extends t...

April 28, 2017 No Responses

Access Bank declares N26b profit, total assets of ₦3.54tri in first quarter

Access Bank Plc on Thursday reported unaudited financial results for the first quarter (Q1) ended March 31, 2017, indicating an increase of 38% in Profit before Tax, “which rose to N31.2 billion when compared to ₦22.6 billion in Q1 2016....

April 28, 2017 No Responses

Maersk teams up with Microsoft on digitalization

Global transport and logistics powerhouse Maersk announced on Wednesday that it has joined forces with Microsoft Corp. on digitalization in a move targeting to “revolutionize supply-chain management and global trade.” Under the terms of the agreement, Mi...

April 24, 2017 No Responses

Daewoo Shipbuilding seeks court approval for debt rescheduling

After collecting the necessary consents for its rescue plan, the financially troubled shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) filed for a court approval for debt rescheduling on April 20, Yonhap News Agency said. An approval from the...