Maritime Report Archives — Page 3 of 5

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 procedure regarding the...

July 25, 2021 No Responses

NIMASA DG Condemns kidnap Of Five Maritime Workers

The Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has condemned in very strong terms the kidnap of eight Nigerians, five of them members of the Maritime Workers Union of Nigeria (MWUN), in Rivers State water...

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 1, 2021 No Responses

Crewing Costs Rise Due To Vaccination Delays

Crewing costs are rising and crew shortages are beginning to be seen due to COVID-19 travel restrictions and vaccination delays, warns crewing agency Danica Crewing Services. “Not unexpectedly … when there is a shortage the cost goes up and we...

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)....

June 8, 2021 No Responses

CMA CGM Records $10.7 b Revenue In Q1

French container shipping major CMA CGM closed the first quarter of this year with strong earnings growth. The company’s net income increased to $2.1 billion in Q1 2021 from $48 million seen in Q1 2020. EBITDA came in at $3.2...

April 23, 2021 No Responses

Port Of Antwerp Partners Nigeria Shippers’ Council On Training, Consultancy

The management of the Port of Antwerp on Thursday offered training and consultancy opportunity on port efficiency to the Nigerian Shippers’ Council (NSC). Manager, Port Projects, Port of Antwerp International, Mr Philippe Droesbeke, made thi...

April 7, 2021 No Responses

Two Tankers Run Aground In Suez Canal

Two tankers ran aground in the Suez Canal this morning, GAC Egypt informed. One is reported to have been successfully refloated while work is continuing to refloat the second. “As per information received, a 107,505 DWT ballast oil tanker ship...

April 3, 2021 No Responses

Egypt Seeks $1b Compensation For Suez Blockage

Egypt will ask for over $1 billion in compensation for damages caused by the grounding of Evergreen and the resulting blockage of the Suez Canal last week, Reuters reports citing Suez Canal Authority (SCA) Chairman Osama Rabie as saying to local...

March 29, 2021 No Responses

Stranded Suez Container Ship Freed

A huge container ship that has been wedged in the Suez Canal since Tuesday has reportedly been refloated. Video posted social media on Monday appeared to show the stern of the Ever Given swung towards the canal bank, opening space...

March 23, 2021 No Responses

Daewoo Shipbuilding Shuts Down Production Amid COVID-19 Outbreak

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has stopped production at its facilities in Okpo, Geoje amid an outbreak of Covid-19 infections among workers. Close to 70 workers have tested positive for coronavirus at the ya...

March 9, 2021 No Responses

All-Women Crew Tanker Makes History

Union Minister Mansukh Mandaviya flagged off the vessel from JNPT Liquid Berth Jetty in a virtual ceremony held on Saturday, March 6, 2021. “SCI has been a pioneer in employing women seafarers onboard its vessels and has implemented various initiat...