Maritime Business Archives — City Business News

April 13, 2024 No Responses

Firm Completes First Ship-To-Ship Transfer

Navigator Holdings (Navigator Gas), a UK-headquartered owner and operator of a fleet of handysize liquefied gas carriers, has performed its first ship-to-ship ammonia transfer. Navigator Gas’ 38,000 cbm liquefied petroleum gas (LPG) carrier NAVIGATOR JORF received 25,300 metric tonnes of...

September 14, 2023 No Responses

MSC To Acquire 49% Stake In Hamburg’s HHLA

A wholly owned subsidiary of MSC Mediterranean Shipping Company, the world’s largest container shipping company, has revealed plans to acquire a substantial 49% shareholding in HHLA Hamburger Hafen und Logistik AG, a prominent port operation, container trans...

July 4, 2023 No Responses

IMO To Adopt Revised GHG Strategy As Marine Environment Protection Committee 80 Kicks Off

The Marine Environment Protection Committee (MEPC) – 80th session has opened at the International Maritime Organization (IMO). After several months of negotiations, the MEPC 80 session is expected to adopt an upgraded IMO greenhouse gas strategy. Specif...

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...

September 30, 2022 No Responses

World Maritime Day

L-R: Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello Koko, Rector, Maritime Academy Of Nigeria, Commodore Emmanuel Effedua (retd.) and Executive Secretary, Nigeria Shippers’ Council (NSC), Emmanuel Jime at the 2022 World Maritime Day ...

July 14, 2022 No Responses

World Largest Ship To Fly Panama Flag

The Panama Ship Registry has added to its fleet the “EverAlot” container ship, the world’s biggest container ship and the first to break the 24,004 TEU mark. Panama has 18 of the world’s 20 largest container ships in terms of...

March 14, 2022 No Responses

Lekki Deep Seaport: FG Reiterates Commitment To Sept Take-Off Date

The Federal Government says Lekki Deep Seaport, in Lagos State will begin full commercial activities in September. The Minister of Transportation, Rotimi Amaechi, while inspecting the project on Saturday in Lagos, said it was a huge achievement for...

January 29, 2022 No Responses

NIMASA Explains N37.6b Revenue, 12 Marine Accidents In 2021

By Moses Ebosele, ebosele@hotmail.com — Between January and December 2021, the Nigerian Maritime Administration and Safety Agency (NIMASA) contributed N37,691,630,450.02 (N37.6b) to the federation account, compared with N31, 839,917,978.20. (N31.8b) wit...

January 23, 2022 No Responses

World’s 1st Liquefied Hydrogen Carrier Picks Maiden Cargo

The Suiso Frontier, the world’s first liquefied hydrogen carrier, will set sail from Australia to Japan with its first LH2 shipment, marking a milestone for the HESC project. A ceremony at Port of Hastings marked the Suiso Frontier‘s arrival from...

January 19, 2022 No Responses

Price Fixing: 23 Shipping Firms To Pay $81m Fine

The antitrust regulator in South Korea has sanctioned 23 domestic and foreign container shipping companies for fixing maritime freight rates. On 18 January 2022, the Fair-Trade Commission (KFTC) said it has imposed a fine of KRW 96.2 billion (about $80.7...

January 15, 2022 No Responses

Shippers’ Council Seeks Incentives To Boost Indigenous Shipowners Operations

The Executive Secretary, Nigerian Shippers’ Council (NSC), Mr Emmanuel Jime, on Friday said the council would pursue incentives that would boost indigenous shipowners operations. Jime said this when Dr Mkgeorge Onyung, President, Shipowners Association...

January 6, 2022 No Responses

MSC Dethrones Maersk As World’s Largest Ocean Carrier

Swiss container shipping company Mediterranean Shipping Company (MSC) is now the world’s largest ocean carrier by operated container vessel capacity, maritime consultancy Alphaliner said. On 5 January, MSC — the long-term number two — overtook Danish shi...

December 31, 2021 No Responses

World’s Largest Ethane Carrier Delivered In China

Pacific Ineos Belstaff, the world’s largest very large ethane carrier (VLEC), has been named and delivered in China. . The naming and delivery ceremony took place at Shanghai Jiangnan Changxing Heavy Industry shipyard on 28 December 2021, Chi...