Maritime Archives — Page 117 of 135

April 25, 2017 No Responses

NIMASA renews MOU with the Navy

In line with its mandate to ensure safety and security in the Nigerian territorial waters, the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Navy have renewed the existing Memorandum of Understanding (MoU) to protect and secure our...

April 24, 2017 No Responses

Daewoo Shipbuilding seeks court approval for debt rescheduling

After collecting the necessary consents for its rescue plan, the financially troubled shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) filed for a court approval for debt rescheduling on April 20, Yonhap News Agency said. An approval from the...

April 23, 2017 No Responses

Buhari congratulates NIMASA DG as IMO seeks increased participation of Africa in global shipping

President Muhammadu Buhari has congratulated the Director General of the Nigerian Maritime Administration and safety Agency (NIMASA) Dr. Dakuku Peterside over his election as the Chairman of the Association of African Maritime Administrations (AAMA). The Presi...

April 22, 2017 No Responses

Dakuku emerges new Chairman of AAMA

The Director General of Nigerian Maritime Administration and Safety Agency, Dr. Dakuku Peterside has been elected as the new Chairman of the Association of African Maritime Administrators (AAMA). This is one of the decisions reached at the just concluded third...

April 21, 2017 No Responses

Buhari implores African maritime administrators on security

President Muhammadu Buhari on Thursday urged African maritime administrators and regulators to ensure a coherent collaborative continental response to the challenges facing the maritime space. Represented by his Vice, Prof Yemi Osinbajo, Buhari gave the c...

April 20, 2017 No Responses

NPA MD: Optimal utilisation of Tarkwa Bay facilities to create more employment

The Management of the Nigerian Port Authority (NPA) has assured stakeholders that it would not relent in its efforts at ensuring optimal utilization of the organization facilities at all locations. The Managing Director of NPA, Hadiza Bala Usman made...

April 19, 2017 No Responses

37 ships to fly Saudi Arabia’s flag

National Shipping Company of Saudi Arabia (Bahri) has revealed plans to re-flag 32 of its very large crude tankers (VLCCs) and five of its mid-size carriers under the domestic flag by the end of 2017. The move comes amid a...

April 17, 2017 No Responses

CMG eyes stake in Brazilian container port

Chinese state-owned corporation China Merchants Group (CMG) is looking to spread its footprint in Brazil as the company is reportedly in negotiations to buy Advent International Corp’s 50 percent stake in TCP Terminal de Contêineres de Paranaguá SA, loc...

April 13, 2017 No Responses

World’s largest boxship joins Maersk Line’s fleet

Danish container shipping major Maersk Line has taken delivery of Madrid Maersk, a 20,568 TEU boxship, from South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME), the shipping company told World Maritime News. The ultra large container...

April 10, 2017 No Responses

Buhari to meet African Maritime Administrators

President Mummadu Buhari will on April 20, 2017 meet African Maritime leaders under the aegis of Association of African Maritime Administration (AAMA) to brainstorm on ways in which Africa can come together to maximize the economic opportunities of the contine...

April 7, 2017 No Responses

World’s 1st Ship tunnel step closer to construction

Norway’s Stad Ship Tunnel project, also known as the world’s first full-scale ship tunnel, is moving toward construction process. Already, about $173million has been earmarked for the project in the first half of the planning period (2018 – 2029). Th...

April 3, 2017 No Responses

Report explains 22.4 per cent drop in terminal operators’ earnings

A report published in March by top global accounting and audit firm, Deloitte has revealed that Terminal Handling Charges (THC), which is the main revenue stream of terminal operators in Nigeria, declined by 22.4 per cent between 2006 and 2016...

April 3, 2017 No Responses

NIMASA to owners of abandoned ships: Remove or lose them

The Nigerian Maritime Administration and Safety Agency (NIMASA) has warned owners of abandoned Ships/Vessels to urgently remove same from the Nigerian territorial waters on or before 28th of April 2017 or risk sanctions ranging from forfeiture or removal by th...

March 31, 2017 No Responses

No dividend for shareholders as COSCO Shipping posts 1.4b loss in 2016

Shanghai-listed COSCO Shipping Holdings Company, a unit of China Cosco Shipping Corporation Limited (Cosco Shipping), has reported a loss of $1.4 billion in its annual report for 2016. As a result the company proposed that no dividend is distributed this...