EU Blocks Hyundai, Daewoo Shipping Merger

EU Blocks Hyundai, Daewoo Shipping Merger

The European Commission has adopted a decision to prohibit a mega-merger that would combine two South Korean shipbuilding companies, Hyundai Heavy Industries Holdings (HHIH) and Daewoo Shipbuilding & Marine Engineering (DSME). The merger between the two South Korean shipbuilders would...
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UAE To Introduce Green Ship Recycling Regulations In 2022

UAE To Introduce Green Ship Recycling Regulations In 2022

The United Arab Emirates (UAE) is making progress with national ship recycling regulations that are expected to be unveiled during 2022.  The move is said to be in line with UAE’s commitment to responsible ship recycling practices and comes at...
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Navy Hands Over Impounded Vessel, 20 Suspects To EFCC

Navy Hands Over Impounded Vessel, 20 Suspects To EFCC

The Nigerian Navy on Saturday handed over impounded vessel – MTT4 and 20 suspected crude oil thieves to the officials of the Economic and Financial Crimes Commission (EFCC) in Bayelsa State.  Commodore Patrick Effah, the Commander, Nigerian Navy Ship So...
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MSC Dethrones Maersk As World’s Largest Ocean Carrier

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...
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World’s Largest Ethane Carrier Delivered In China

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...
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World’s First Zero-Emission All-Electric Tanker Debuts

World’s First Zero-Emission All-Electric Tanker Debuts

Japanese shipping company, Asahi Tanker has launched and named the first of its two next-generation all-electric tankers ordered in 2020.  Named Asahi, the newbuild is scheduled to enter service in Tokyo Bay as a bunker vessel in March 2022.&nbs...
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NIMASA Renews Stevedoring Rates

NIMASA Renews Stevedoring Rates

The Nigerian Maritime Administration and Safety Agency (NIMASA) has reduced Offshore Cargo Handling and Operations and stevedoring rates. The Director-General, Dr Bashir Jamoh, stated in Lagos on Sunday that it was in furtherance of its efforts to mitigate the...
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New IMO Council To Elect Chair, Vice-Chair Wednesday

New IMO Council To Elect Chair, Vice-Chair Wednesday

The newly elected council of the International Maritime Organization (IMO) will meet for its 126th session on 15 December and will elect its Chair and Vice-Chair for the next two years.  The assembly normally meets once every two years in r...
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Samsung Secures $622m Contract For Three New LNG Carriers

Samsung Secures $622m Contract For Three New LNG Carriers

South Korean shipyard Samsung Heavy Industries (SHI) has received orders for three new LNG carriers valued at  $622 million . Specifically, the shipyard received these orders from a Bermuda regional shipping company and from an Oceania regi...
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French Ambassador Scores Nigerian Navy High On Maritime Safety

French Ambassador Scores Nigerian Navy High On Maritime Safety

The French Ambassador to Nigeria, Mrs Emmanuelle Blatmann, on Friday scored the Nigerian Navy high in its bid to curb maritime insecurity, especially piracy in the Gulf of Guinea. Blatmann, during a courtesy visit to the Western Naval Command, said...
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IMO Sets International Day For Women In Maritime

IMO Sets International Day For Women In Maritime

The International Maritime Organisation (IMO) Council has decided to establish an International Day for Women in Maritime, to be observed on 18 May every year.  IMO’s gender program was first initiated in 1988. At that time, only a f...
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Nigerian Navy Deploys 13 Warships, Two Helicopters In Gulf Of Guinea

Nigerian Navy Deploys 13 Warships, Two Helicopters In Gulf Of Guinea

The Nigerian Navy on Thursday deployed 13 warships, two helicopters and 1,500 troops in a special military exercise against pirates in the Gulf of Guinea. The Chief of Naval Staff (CNS), Vice Adm. Awwal Gambo, announced the deployment at the...
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Shipowners Seek Sector-Dedicated Fund

Shipowners Seek Sector-Dedicated Fund

In a new policy paper, European shipowners have supported a dedicated fund to be set up under the EU Emission Trading System (EU ETS) to stabilise the carbon price.  World Maritime reports that the policy paper on the EU ETS ECSA...
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Maersk Records $16.6b Revenue In Q3

Maersk Records $16.6b Revenue In Q3

Danish shipping and logistics giant A.P. Moller – Maersk closed the third quarter of 2021 with record earnings. Revenue grew 68 per cent to $16.6 billion in Q3 2021 from $9.9 billion posted in the corresponding quarter a year earlier. EBIT was...
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