Maritime – Page 147 – City Business News

August 26, 2017 No Responses

NPA gets new structure, redeploys General Managers

The Board of the Nigerian Ports Authority (NPA) has approved a new organisational structure and the commencement of a Business Process Re-engineering initiative that will create synergies to improve efficiency. The Board has also approved the redistribution of all General...

August 22, 2017 No Responses

Total stakes $7.5billion for Maersk Oil Business

Danish transport and energy conglomerate, A.P. Møller – Mærsk A/S has signed an agreement to sell Maersk Oil to Total S.A for $7.45 billion in a combined share and debt transaction. As explained by Maersk, the separation of the energy...

August 21, 2017 No Responses

CMA CGM to build world’s largest boxships

French liner major CMA CGM has reportedly signed a letter of intent (LOI) with two Chinese yards on the construction of up to nine 22,000 TEU megaships. Specifically, in line with the LOI, CSSC Hudong-Zhonghua would be in charge of...

August 21, 2017 No Responses

NISA lauds new cabotage compliance strategy

The recent moves by the Nigerian Maritime Administration and Safety Agency (NIMASA) to ensure full implementation of the Cabotage Act, 2003 through the New Cabotage Compliance Strategy (NCCS) has continued to receive commendation from Stakeholders. This is ...

August 18, 2017 No Responses

Maersk CEO: For now, no reason to order new megaships

There is no incentive to order new ultra large containerships from a cost perspective right now, despite extremely low prices of newbuilding tonnage, Chief Executive Officer of A.P. Møller – Mærsk A/S,Søren Skou has said As highlighted by Skou, five ...

August 17, 2017 No Responses

Maersk Group posts $264m loss in Q2

Danish energy and transportation giant A.P. Moller – Maersk sailed into a loss of $ 264 million in the second quarter of 2017, a switch from last year’s profit of $118 million. Maersk said the loss was due to impairments...

August 11, 2017 No Responses

NIMASA DG in Jamaica, explains benefit of deep sea mining

Nigeria is set to benefit from deep sea mining through effective harnessing of opportunities by working with the International Seabed Authority (ISBA), the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside ha...

August 10, 2017 No Responses

Hong Kong issues block exemption for liner VSAs

Hong Kong has granted a block exemption order (BEO) for vessel sharing agreements (VSAs) in the liner shipping industry. The country’s competition commission issued the order on August 8 in response to an application received from the Hong Kong Liner Sh...

August 8, 2017 No Responses

At Taiwo Afolabi’s maritime conference, experts task FG on PPP model for port infrastructure development

SIFAX Group, a multinational corporation with diverse interests in Maritime, Aviation, Haulage & Logistics, Oil & Gas and Hospitality, and other maritime experts have urged the Federal Government to adopt the public-private partnership (PPP) model to a...

August 5, 2017 No Responses

NIMASA explains new Cabotage Compliance Strategy

In continuation of its quest to ensure full implementation of the Cabotage Act, 2003 for the benefits of Nigerians, the Nigerian Maritime Administration and Safety Agency (NIMASA) has introduced New NIMASA Cabotage Compliance Strategy (NCCS) towards the actual...

August 4, 2017 No Responses

NPA commissions 24-hour emergency clinic

As part of measures to ensure effective implementation of the Executive Order concerning the ease of doing Business at Ports, the Management of the Nigerian Ports Authority (NPA) has commissioned a 24 hour emergency clinic to cater for health concerns....

August 2, 2017 No Responses

Dakuku: Africa set to tackle piracy, other maritime crimes

The Chairman of the Association of African Maritime Administrations (AAMA) Dr. Dakuku Peterside has stated that Maritime Administrations (MARADs) in Africa are set to tackle the twin issue of piracy, sea crime and illegal migration in the continent. The...

July 30, 2017 No Responses

‘IMO’s emission reduction plan makes ‘modest’ progress’

The International Maritime Organisation’s (IMO) tentative step towards a plan to cut shipping’s climate emissions represents only ‘modest’ progress, Transport & Environment cited the Marshall Islands’ transport minister Mike Halferty. Earlier ...

July 28, 2017 No Responses

EU to Belgium, France: Abolish tax exemptions for Ports

The European Commission has asked Belgium and France to abolish the corporate tax exemptions granted to their ports, so as to align their tax regime with EU state aid rules. In Belgium, a number of sea and inland waterway ports,...