Maritime – Page 127 – City Business News

May 16, 2018 No Responses

Nauru, World’s Smallest Island Country Joins IMO

The International Maritime Organization (IMO) has welcomed a new member, the Republic of Nauru. On May 14, 2018, Nauru deposited its instrument of acceptance to the IMO Convention with the United Nations depositary – becoming IMO’s 174th member state. With...

May 14, 2018 No Responses

Autonomous Ships Take Centre Stage At IMO Meeting

Come May 16, the International Maritime Organization’s (IMO) efforts on the regulation of autonomous ships will begin with the 99th session of the Maritime Safety Committee (MSC 99). The MSC will begin looking at how the safe, secure and environmentally...

May 13, 2018 No Responses

Firm Takes Delivery Of Second CMA CGM Saver

Hong Kong-based containership manager and owner Seaspan Corporation has added another 10,000 TEU SAVER design containership to its fleet. The newly built CMA CGM Cochin will commence a fixed rate time charter with French shipping major CMA CGM for a three ye...

May 12, 2018 No Responses

Panama Probes Treatment Of Tug Captains

A Panamanian government agency is to launch an inquiry into the Panama Canal Authority’s treatment of tugboat captains, the International Organization of Masters, Mates & Pilots (MM&P) said. The Autoridad Nacional de Transparencia Internacional (ANTA...

May 11, 2018 No Responses

Port Workers Begin Nation-Wide Strike

Workers across Italian ports launched a 24-hour strike on May 11, voicing their dissatisfaction over the lack of lashing legislation enforcement and poor safety in Italian ports. The strike is lead by unions FILT CGIL, Fit Cisl and Uiltrasporti Nazionale,...

May 10, 2018 No Responses

BW LNG Unveils New Vessel

Shipping company, BW LNG, part of BW Group has splashed its newbuilding Floating Storage Regasification Unit (FSRU). The vessel BW Courage, with hull number 2488, was launched at Daewoo Shipbuilding & Marine Engineering’s (DSME) shipyard in Geoje, S...

May 10, 2018 No Responses

ICTSI Posts $44.1 million Net Income In Q1

Drag from the new terminals has seen Philippine-based terminal operator ICTSI report a lower profit in the first quarter of 2018. The company said that its net income attributable to equity holders stood at USD 44.1 million, 15 percent less than...

May 8, 2018 No Responses

LNG Gets More Acceptance In Central America

Central America and the Caribbean are taking an ever-growing role in the Panama Canal’s trade of Liquefied Natural Gas (LNG) amid increasing interest in the environmentally friendly and cost-efficient cargo to meet their energy needs. Peru and Trinidad and ...

May 8, 2018 No Responses

Dakuku: Regional Cooperation Key To African Maritime Security, Development

The Director General of the Nigerian Maritime Administration and Safety Agency, (NIMASA) Dr. Dakuku Peterside has stated that regional cooperation is key to the safety and security of inbound and outbound goods and services to Africa through the seas. ...

May 7, 2018 No Responses

Corporation Unveils Helix Terminal At Port of Barcelona

Miami-based cruise company Carnival Corporation & plc officially opened its second cruise terminal at the Port of Barcelona on May 5. Located on the port’s Adossat wharf, the Helix terminal will accommodate Carnival Corporation’s new class of next-gene...

May 6, 2018 No Responses

Euroseas Okay Charter, Financing For New Bulker

Greek shipowner Euroseas has entered into a time charter contract for its newbuilding vessel, the 82,000 dwt Ekaterini. Under the agreement, secured through its subsidiary, the company’s 2018-built Kamsarmax bulk carrier has been chartered to a “highly r...

May 4, 2018 No Responses

Maersk Welcomes Medium Range Product, Chemical Tanker

Danish-based Maersk Tankers has welcomed into its fleet Maersk Capri, a newbuilding Medium Range (MR) product/chemical tanker. The 50,000 dwt ship, flagged in Singapore, was named on April 19 at the Samsung Heavy Industries shipyard in Ningbo, China. ” Maer...

May 4, 2018 No Responses

Hyundai Secures $407m Contract For Monaco’s Four Containerships

South Korean shipbuilder Hyundai Heavy Industries (HHI) has won a contract from Zodiac Group Monaco to build four containerships. The shipbuilding major said the contract was worth $407million. The four container carriers are scheduled for delivery by July 202...

May 3, 2018 No Responses

CMA CGM Confirms Investment In CEVA Logistics

CMA CGM on Thursday confirmed its investment in CEVA Logistics, a global leading player in the logistics sector, on the occasion of CEVA’s initial public offering (IPO). According to CMA CGM, “”This investment will take the form of convertible...