Maritime News Archives — Page 8 of 14

March 1, 2021 No Responses

Fitch: Global Container Shipping Rates High, Unsustainable

Global container shipping companies’ performance will be strong in 2021 after a profitable 2020, according to Fitch Ratings.Spot freight rates will remain high in the short term which will flow through to contracted rates for 2021. However, Fitch said the current rates are unsustainable in the...

February 14, 2021 No Responses

Shippers Council Pledges Enhanced Services

The Nigeria Shippers’ Council has pledged to scale up its services to Kogi Shippers to ensure an effective transport /maritime system. Zonal Director, North-Central Zone of the council, Mrs Ify Okolue, said this at the validation and inauguration of a n...

February 13, 2021 No Responses

Maersk CEO: Global Shipping Turmoil Expected To Calm Down By Mid-Year

The world’s largest container carrier said trade disruptions that have sent freight rates soaring and overwhelmed major ports may start to ease after the first quarter, disappointing investors but signaling eventual relief for cargo shippers.A.P. Moller-Ma...

February 11, 2021 No Responses

Ports & Cargo Terminal Targets 300,000 TEUs In 2021

Ports & Cargo Handling Services, a subsidiary of SIFAX Group, is targeting 300,000 Twenty-foot Equivalent Units (TEUs) cargo capacity for 2021. Managing Director, Ports & Cargo Handling Services, Mr John Jenkins, disclosed this in a statement on ...

February 7, 2021 No Responses

Maersk Tankers Signs Sea Cargo Charter

Maersk Tankers has become a signatory of the Sea Cargo Charter, a global framework that establishes a common baseline for global traders to report on CO2 emission reductions of their shipping activities. The Sea Cargo Charter is consistent with the...

February 4, 2021 No Responses

Majority Of World’s Seaports Still Don’t Use Digital Tech

The majority of the world’s 4,900 ports are not yet using digital technology for even the most basic processes, Innovez One, a Singapore-based provider of smart-tech and AI solutions for the maritime sector, has said. As explained, 80 per cent...

February 2, 2021 No Responses

Hapag-Lloyd CEO: Charter Ship Market Is Basically Sold Out

The unexpected demand recovery in the container shipping sector driven primarily by the US-based demand surge has seen the charter market depleted of available capacity. Furthermore, the demand upturn has lead to increasing delays and heavy port congestion. im...

January 30, 2021 No Responses

Grimaldi Welcomes 3rd Hybrid RO-RO Vessel

Eco Livorno, the third of twelve hybrid vessels of the Grimaldi Green 5th Generation (GG5G) class, has been delivered to the Grimaldi Group by the Chinese Jinling shipyard located in Nanjing. The Eco Livorno, which flies the Italian f...

January 28, 2021 No Responses

Firm Budgets $565m For 12 Ships

Taiwanese container shipping company Wan Hai Lines has ordered twelve 3,013 TEU container vessels worth a total of $565 million. The containerships will be built by Japanese shipbuilder Japan Marine United Corporation’s Nihon Shipyard, Wan Hai Lines sai...

January 25, 2021 No Responses

Maritime Crimes: NIMASA, Amnesty Office Seal Partnership

The Director-General of NIMASA, Dr Bashir Jamoh, made this known in a statement in Lagos on Sunday. Jamoh, during a working visit to the interim Sole Administrator of PAP, Col. Milland Dixon Dikio (rtd.), underscored the importance of collaboration among...

December 15, 2020 No Responses

Chemical Tanker Survives Attack In Nigeria

A chemical tanker identified as MT New Ranger was boarded earlier today, some 160 nautical miles South West of Brass, Nigeria, marking the third time for the vessel to be boarded in a single month. According to Dryad Global, the...

December 15, 2020 No Responses

Maersk To Face Prosecution Over Alleged Corruption

Brazilian prosecutors have filed a civil lawsuit against Danish shipping giant Maersk, alleging corruption schemes in relation to securing shipping contracts with the state-owned oil giant Petrobras. According to Reuters, the Brazilian prosecutors filed the la...

December 5, 2020 No Responses

Abu Dhabi, Daewoo Seal $260m Contract For Three Crude Carriers

Abu Dhabi National Oil Company (ADNOC) has placed an order for three Very Large Crude Carriers (VLCCs) with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering. The contract is worth KRW 282 billion ($ 260 million), according to the...

December 4, 2020 No Responses

Ships & Ports CEO, Bolaji Akinola Bags PhD

Maritime and corporate communication expert, Bolaji Akinola, has bagged a Doctor of Philosophy (PhD) degree in Media and Communication from the Pan-Atlantic University, Ibeju-Lekki, Lagos. Dr. Bolaji Akinola is the CEO of Ships & Ports Limited....