Maritime – Page 129 – City Business News

April 17, 2018 No Responses

CMA CGM to Operate Lekki Port’s Container Terminal

French container shipping giant CMA CGM and Lekki Port LFTZ Enterprise have signed a Memorandum of Agreement to operate Lekki Port’s future container terminal. CMA CGM, through its subsidiary CMA Terminals, will be responsible for marketing, operations and maintenance of the container terminal...

April 15, 2018 No Responses

IMO Members Agree on 50 % Emissions Cut

Countries attending the International Maritime Organization (IMO) meeting in London agreed to require the shipping sector to reduce its emissions by at least 50 pct by 2050 compared to 2008. “Today’s commitment by governments to require international shipp...

April 14, 2018 No Responses

NIMASA Signs MoU With World Maritime University On Capacity Building

The Nigerian Maritime Administration and safety Agency, NIMASA, has signed a Memorandum of Understanding (MoU) with the World Maritime University, Malmo Sweden to develop human capacity for the Nigerian maritime sector. Speaking shortly after the signing of...

April 8, 2018 No Responses

Samsung Electronics Stakes $192m On SHI Shares

Samsung Electronics intends to participate in Samsung Heavy Industries’ (SHI) rights offering by investing KRW 204.06 billion (USD 191.8 million). The technology company unveiled the decision to acquire 34.76 million shares in SHI in its stock exchange filin...

April 4, 2018 No Responses

NPA Implores Stakeholders On $42.3m, N600m Debt

Ahead of the proposed “aggressive debt recovery exercise” of Nigerian Ports Authority (NPA), Rivers Port Complex has explained that it generated $62.3million and N1.2Billion in 2017, compared to $57.6million and N772.4million recorded in 2016. Out of ...

April 3, 2018 No Responses

First LNG Cargo From United States Arrives In Indian

India has received its first LNG cargo from the United States, gas utility company GAIL said. The Denmark-flagged Meridian Spirit carrying 120,000 tons of cargo docked at Dabhol on March 30, 2018. GAIL hired the ship in September 2017 to...

April 2, 2018 No Responses

India Blacklists Two Firms For Abandoning Seafarers

The Government of India has blacklisted two companies from United Arab Emirates (UAE) for seafarer abandonment. The companies in question are shipping and management firm Shah Al Arab Marine Agency and M/s Alco Shipping Services LLC, the Directorate General...

April 1, 2018 No Responses

COSCO Shipping Declares $423.3m Profit In 2017

China’s major COSCO Shipping Holdings delivered improved earnings in 2017 on the back of a broad economic recovery globally and increasing demand for container shipping services. The company informed that profit attributable to its equity holders for the ye...

March 28, 2018 No Responses

COSCO Names Another 20,000 TEU Boxship

China’s COSCO Shipping Lines has named COSCO Shipping Leo, a 20,000 TEU containership newbuild. The naming ceremony for the giant boxship was held in Nantong on March 22, 2018. Built by Nantong COSCO KHI Ship Engineering (NACKS), COSCO Shipping Leo is...

March 27, 2018 No Responses

NIMASA Seeks National Policy to Actualize Maritime Strategy

The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA Dr. Dakuku Adol Peterside has called for the implementation of a National Maritime Policy in Nigeria to serve as catalyst for the actualization of the objectives of the...

March 26, 2018 2 Responses

NPA Begins Talk With NLNG As More Shipping Firms Fault Restrictions Along Bonny Channel

The management of Nigerian Ports Authority (NPA) has opened discussions with Nigeria Liquefied Natural Gas (NLNG) on the dualisation of Bonny Channel. The development followed series of complaints from shipping firms alleging restrictions, delays due to mov...

March 26, 2018 No Responses

ABUJA MoU Moves Against Substandard Shipping In Africa

In a bid to harmonize port state control inspection procedures that will lead to the elimination of substandard shipping in the West and Central Africa sub-region, the Abuja Memorandum of Understanding (MoU) will host its 3rd Ministerial Conference and 9th...

March 25, 2018 No Responses

1,000 Seaports Commit To Sustainable Growth, Development

Nearly 1,000 ports and port-related companies have committed themselves in Antwerp to achieving the 17 Sustainable Development Goals (SDGs) set by the United Nations. On March 22, a two-day event held under the auspices of the World Ports Sustainability Prog...

March 24, 2018 No Responses

Volkswagen Places Order For LNG-Powered Car Carrier

China’s Xiamen Shipbuilding has started building the first of two 7,500 CEU LNG pure car truck carrier (PCTC) vessels ordered by Siem Car Carriers. According to the company, from 2019, the ships powered by liquefied natural gas are to be operated...