Maritime – Page 131 – City Business News

March 2, 2018 No Responses

Pirates Take Two Crew Hostage off Benin

Luxembourg-flagged product-chemical tanker, ST Marseille was attacked by five armed pirates on February 26 while anchored in the Bay of Cotonou, the Gulf of Guinea. The pirates approached the tanker in a speedboat and opened fire once they boarded the vessel,...

February 28, 2018 No Responses

NIMASA Projects Five Per Cent Maritime Growth In 2018, Post 2019 Election

The Nigerian Maritime industry is projected to grow by 2.5 – 5 % within the period 2018-2019 and a projected increase in demand for maritime services in Nigeria during the period of projection. This was contained in the Nigerian...

February 26, 2018 No Responses

FG, Maritime Stakeholders To Automate All Processes

In its quest to ensure the growth and development of the maritime sector in line with the Presidential order on the Ease of Doing Business in Nigeria, the Federal Government is set to automate all shipping related administrative processes in...

February 25, 2018 No Responses

Firm Extends LNG Supply Network for Ships

Hamburg-based supplier of LNG Nauticor has extended its LNG supply network for ships within the North Sea region by including the Port of Rotterdam. The company has been awarded the contract for a bunker operation in Rotterdam for the first...

February 24, 2018 No Responses

Transport Minister Assures Stakeholders of Safe Maritime Domain

The Minister of Transportation, Rotimi Amaechi has assured stakeholders in the maritime sector that the Federal Government will leave no stone unturned in actualizing its goal for a safer and more secured maritime domain. The Minister who said this...

February 22, 2018 No Responses

INTELS Remits $42.6m Into TSA, NPA Awaits Payment Confirmation For $14.5m

The contract termination controversy between INTELS Nigeria Limited and the Nigerian Ports Authority (NPA) may have eased off ‎following the payment of $42.6 million (N13.2 billion) by INTELS into the NPA’s Treasury Single Account (TSA). The Managing Direc...

February 21, 2018 No Responses

‘Maersk, Nine Other Shipping Lines Control 90 Per Cent Of Deep Sea Market’

More than 87 pct of the global fleet capacity is controlled by only ten out of 67 shipping lines operating fully cellular containerships, which is less than 7 pct of the total lines, according to the data from MDS Transmodal....

February 20, 2018 No Responses

‘Overcapacity, Weak ‘Trading Demand’ Extends into 2018’

Overcapacity, weak ‘trading demand’ and weak OPEC output have depressed the conditions that usually boost long hauls in the tanker shipping market, according to BIMCO. As illustrated by the very weak rates for oil product transports during most parts of 2...

February 19, 2018 No Responses

INTELS 2018 women empowerment training scheme gets 700 applications

No fewer than 700 women applied for admission into the 2018 Women Empowerment Programme Synergy Scheme (WEPSS) of oil and gas logistics giant, INTELS Nigeria Limited. A corporate social responsibility initiative of INTELS, WEPSS was established in 2013 with th...

February 16, 2018 No Responses

Cosco Shipping Specialized Carriers Becomes World’s Largest Multipurpose Operator

China’s Cosco Shipping Specialized Carriers (CoscoSSC) has become the world’s largest multipurpose operator by deadweight, a new report issued by Dynamar shows. CoscoSSC’s existing fleet has a total deadweight of 1.76 million tons. In addition, the com...

February 15, 2018 No Responses

Africa Welcomes First Nickel Ore Carrier

The Autonomous Port of Abidjan in Africa hosted its first nickel ore carrier on February 14. The 50,000 dwt Luzern docked at the port’s Wharf 15. The port said that the nickel ore came from a mine located in Foungbesso in the...

February 15, 2018 No Responses

Dakuku: Judiciary Key to Developing Blue Economy

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stated that the Agency is taking deliberate steps to work with the Judiciary and other arms of Government to reposition Nigeria’s maritime indust...

February 14, 2018 No Responses

MAERSK, GAC, Charkings, Others Bag NIMASA Achievement Awards

In recognition of the numerous contributions of Stakeholders to the growth and development of the maritime sector in Nigeria, the Nigerian Maritime Administration and Safety Agency (NIMASA) bestowed awards on outstanding maritime companies; Maersk Nigeria Limi...

February 14, 2018 No Responses

Minister Canvasses Support For $16b Egina project

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Tuesday commended the management of Total Upstream Nigeria Ltd. (TUPNI), for its 16 billion dollars (N5.76 trillion) Egina project in Nigeria. Kachikwu gave the commendation during his visit to...