Maritime – Page 119 – City Business News

April 10, 2019 No Responses

Fire Destroys RoRo Ship

Panama-flagged roll-on/roll-off (RoRo) ship Al Fayrouz caught fire while underway in the Red Sea on April 8. According to Saudi Arabian Border Guards, the 101-meter was in international waters, 60 nautical miles off Saudi Arabia’s Farasan Islands, when the incident...

April 9, 2019 No Responses

Global Piracy Drops By 42 Per Cent

The first quarter of 2019 saw fewer incidents of piracy and armed robbery against ships, compared to the first three months of 2018, a report shows. According to the report issued by the International Chamber of Commerce (ICC) International Maritime...

April 7, 2019 No Responses

Shipping Firm Develops New Port Supply Chain

Hong Kong-based port operator COSCO Shipping Ports signed an investment agreement with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau. Under the deal, the company plans to develop phase I of terminal extended business in the land n...

April 6, 2019 No Responses

CMA CGM Christens New Ship For French West Indies

French container shipping company CMA CGM has christened CMA CGM Fort De France, the company’s 1st vessel dedicated to the French West Indies. The Post-Panamax containership was christened by Annick Girardin, French Minister for Overseas Territories, in Mart...

March 31, 2019 No Responses

Shipping Firm Secures $407m Financing

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has decided to raise JPY 45 billion (USD 406.6 million) through a new subordinate loan. As informed, the loan proceeds will be used for the repayment of interest-bearing debts and capital expenditures...

March 29, 2019 No Responses

Firms Seal 12-Year LNG Deal

Monaco-based LNG carrier owner and operator GasLog has entered into a 12-year fixed-term charter with Japan’s JERA for a newbuild LNG carrier. GasLog signed the agreement with LNG Marine Transport Limited, the principal LNG shipping entity of JERA. The vesse...

March 27, 2019 No Responses

LNG Fueled Ferry Joins Brittany Network

French shipping company Brittany Ferries has confirmed the charter of a third brand new cruise-ferry to serve its long-haul routes. To be powered by LNG, the ship will be built at the AVIC Weihai Shipyard in China and is due...

March 23, 2019 No Responses

Shell, Unilever, Heineken, Others Partner Maersk On Decarbonixation Of Ocean Shipping

Convinced of the urgency to act on climate, a group of Dutch multinationals – FrieslandCampina, Heineken, Philips, DSM, Shell and Unilever – all members of the Dutch Sustainable Growth Coalition (DSGC), will join forces with A.P. Moller – Mae...

March 23, 2019 No Responses

NIMASA Signs Sea Time Training MoU For Nigerian Cadets With India

The Nigerian Maritime Administration and Safety Agency (NIMASA) has restated its commitment to partnerships with international institutions for sea time training of Nigerians under the Nigerian Seafarers Development Programme (NSDP). Director General of NIMASA...

March 21, 2019 No Responses

LNG Bunkering Begins At Seaport

Polish Natural Gas Companies (PGNiG) and LOTOS have completed two commercial bunkering operations of Liquefied Natural Gas (LNG) in what PGNiG says are the first operations of this kind carried out at seaports in Gdańsk and Gdynia. The first bunkering.....

March 19, 2019 No Responses

Shipping Firm Invests $55m In Scrubbers

Swedish tanker shipping company Stena Bulk has made a USD 55 million investment in scrubbers that will encompass sixteen of the company’s vessels. As World Maritime News already reported, ten of the company’s IMOIIMAX vessels and five Suezmaxes will be...

March 18, 2019 No Responses

New LNG Carrier Begins Charter To Shell

Greece-based LNG carrier, GasLog Gladstone and GasLog Warsaw are to commence long term charter to Shell. Owner and operator, GasLog recently named the two new Samsung Heavy Industries-built ships at a ceremony on March 12. According to the company, the.....

March 13, 2019 No Responses

CMA CGM To Test Sustainable Marine Biofuel

French container shipping company CMA CGM and Dutch Port of Rotterdam have joined forces with IKEA Transport & Logistics Services and the GoodShipping Program to test and scale the use of sustainable marine biofuel oil. The test will commence with...

March 11, 2019 No Responses

Container Terminal Declares $1.2B Revenue For 2018

Philippines-based port management company International Container Terminal Services (ICTSI) has increased its 2018 profit on the back of a six percent increase in TEU volume and inclusion of new terminals. Consolidated volume for 2018 rose to 9,736,621 TEUs, c...