Maritime Report Archives — Page 4 of 5

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 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...

January 27, 2021 No Responses

Maritime Stakeholders Sign Declaration To End Crew Change Crisis

Over 300 maritime industry and human rights leaders have signed a new global pledge urging for industry accountability and finally ending the deepening crew change crisis. The signatories of the Neptune Declaration on Seafarer Wellbeing and Cre...

January 1, 2021 No Responses

How To Enhance Maritime Contribution To GDP In 2021, By NIS

The Nigerian Institute of Shipping (NIS) on Thursday said that adopting new measures in the maritme industry would enhance its contribution to the country’s Gross Domestic Product (GDP) in 2021. NIS President, Capt. Tony Onoharigho, disclosed this in an inte...

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...

November 25, 2020 No Responses

Firms Unveil Agenda For Maritime Biofuel

Uniper Energy DMCC (UED), a supplier of very low sulphur fuel oil (VLSFO), and Neutral Fuels, a pioneer of net zero biofuels in the UAE, have teamed up to provide maritime biofuel in Fujairah, UAE. The two companies plan to...

November 24, 2020 No Responses

Shipbreaking Cartel In Bangladesh Comes To An End

After exactly two months in operation, the shipbreaking cartel in Bangladesh has collapsed as it failed to secure enough tonnage, GMS, the world’s largest cash buyer of ships for recycling, said. During the sixty-day period ended 21 November, a f...

November 21, 2020 No Responses

Danica: Each Crew Change Costing Up To $2,000 More Amid COVID-19 Impact

Individual crew changes are costing up to an additional $2,000, doubling the price since last year as a result of the COVID-19 pandemic, Danish-managed crewing specialist Danica has said. The crewing agency said that the figure resulted from analysing a...

November 13, 2020 No Responses

UNCTAD Warns Of Grim Maritime Trade

Global maritime trade will plunge in 2020 due to the unprecedented disruption caused by COVID-19, the United Nations Conference on Trade and Development (UNCTAD) said in a new report. The report, entitled the Review of Maritime Transport 2020, warns that...

September 30, 2020 No Responses

Jamoh Remains President As CIoTA Elects National Officers

The Chartered Institute of Transport Administration of Nigeria (CIoTA) has made public the result of its September 12 virtual elections of the National Executives Committees even as it has ratified members of the Governing Council to drive the focus of...

September 8, 2020 No Responses

Diri: Nigeria’s Future Lies in Maritime Development

The Governor of Bayelsa, Sen. Duoye Diri, on Monday said Nigerian Maritime Administration and Safety Agency (NIMASA) was key in weaning Nigeria from its dependence on crude oil. A statement signed by Mr Philip Kyanet, Head, Corporate Communications, NIMA...

August 4, 2020 No Responses

MWUN Seeks Compliance With Govt Directives On Stevedores, Dockworkers

Maritime Workers Union of Nigeria (MWUN), on Monday has called on dock labour employers and private operators to comply with government directive on the use of registered stevedores and dockworkers. In a statement on Monday,President General of MWUN, Mr ...

August 3, 2020 No Responses

Shipping Institute Urges FG To Re-Engage Global West In Fight Against Piracy

The President, Nigerian Institute of Shipping (NIS), Capt. Tony Onoharigho, on Sunday, urged the Federal Government to re-engage the services of Global West Specialist Vessels (GWSV) in the fight against piracy.In a statement, Onogharigho hinged the appeal on ...