Maritime Business Archives — Page 3 of 8

September 3, 2021 No Responses

Maritime Organisation Reports Drop In Piracy Within Gulf Of Guinea

Citing a recent report of the International Maritime Organisation (IMO), the Flag Officer Commanding (FOC), Western Naval Command, Rear Adm. Jason Gbassa on Thursday reported a drop in piracy within the Gulf of Guinea. Gbassa said this through the Command’s Chief Staff Officer,...

August 22, 2021 No Responses

APM Terminals Apapa Boosts Service Delivery With Berthing Window

Nigeria’s leading container terminal operator, APM Terminals Apapa has launched a Berthing Window service to reduce the waiting time of ships and help consignees take prompt delivery of their consignments at the port. The first Berthing Window fo...

August 19, 2021 No Responses

Maersk Signs First Green Methanol Deal

A.P. Moller-Maersk said on Wednesday it had signed a contract securing green methanol as the world’s largest shipping firm gears up to operate its first carbon-neutral ship in 2023.With about 90% of world trade transported by sea, global shipping accou...

August 10, 2021 No Responses

ExxonMobil Begins Barge Deliveries Of Low Sulphur Marine Fuel

ExxonMobil has started barge deliveries of the International Maritime Organization-compliant, low-sulphur marine fuel in New Zealand. Under the arrangement, the company will be delivering two grades of IMO-compliant, low-sulphur marine fuel, namely, DMA 0...

August 2, 2021 No Responses

Nigeria Quits MOWCA Over Electoral Irregularities

Nigeria has left the Maritime Organisation for West and Central Africa (MOWCA). A statement issued on Monday by the Director, Press and Public Relations, Ministry of Transportation, Eric Ojiekwe explained that this followed disregard for the rules of proc...

July 17, 2021 No Responses

Cosco Stakes $1.49b On Ten Containerships

Chinese shipping major, Cosco Shipping Holdings has signed an agreement with affiliate shipbuilder Cosco Shipping Heavy Industry Yangzhou for the construction of ten containerships. On 15 July 2021, Cosco sealed the deal with the shipyard splashing out a...

July 16, 2021 No Responses

Maritime Stakeholders Task Seafarers On Capacity Building

Maritime stakeholders have said that capacity building is key to a prosperous future for seafarers in the country. They made the assertion on Thursday at a webinar organised by the Female Seafarers Association of Nigeria (FESAN) to commemorate the Day...

July 13, 2021 No Responses

Commonwealth Countries Record $345b Trade Loss In 2020

Commonwealth countries are estimated to have lost up to US$345 billion worth of trade in 2020, including $60 billion in intra-Commonwealth trade, according to 2021 Commonwealth Trade Review on “Energising Commonwealth Trade in a Digital World: Paths to Reco...

July 12, 2021 No Responses

Singapore Sustains Position As World’s Leading Maritime Centre

Singapore has been ranked as the top global shipping centre for the eighth year running, a new report found. As explained, Singapore has been rated as the top location due to the size of its port, number of internationally-focused shipbrokers,...

June 23, 2021 No Responses

Daewoo Secures Order For Six LNG-Powered Container Vessels

South Korean shipping major Daewoo Shipbuilding & Marine Engineering (DSME) has received an order for the construction of six ultra large LNG-powered container vessels (ULCVs). The contract, worth KRW 1.1 trillion (about $1 billion), was signed with ...

June 11, 2021 No Responses

COSCO Mulls Acquisition Of Container Terminal

Hong Kong-based COSCO Shipping Ports Limited has revealed that it started negotiations with German container terminal operator Hamburger Hafen und Logistik AG (HHLA) to potentially acquire a minority stake in HHLA Container Terminal Tollerort (CTT)....