Maersk, Firm Seal Partnership On 11 New  Ships

Maersk, Firm Seal Partnership On 11 New Ships

Danish tanker owner and operator Maersk Tankers is set to add eleven tankers to the fleet under its management, following an agreement with BP Shipping and ICBC Financial Leasing. The agreement involves three Suezmax, three MR and five Handy-sized vessels,...
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NPA Boss Implores Maritime Stakeholders On Entrepreneurship, Economic Growth

NPA Boss Implores Maritime Stakeholders On Entrepreneurship, Economic Growth

The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman has challenged stakeholders to harness various opportunities in the Maritime Sub-Sector through entrepreneurship.Speaking at the second edition of the Nigeria and Entrepreneurship Summit ...
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Firm Stakes $380m on Six Containerships

Firm Stakes $380m on Six Containerships

Hong Kong-based Seaspan Corporation has signed an agreement to buy a fleet of six containerships for USD 380 million in cash. The company explained that that the transaction is expected to be financed from additional borrowings as well as cash...
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NPA Photo News

NPA Photo News

The Managing Director,  Nigerian Ports Authority (NPA), Hadiza Bala Usman (2nd from left), the Senate President of Nigeria, Senator Ahmed Lawan (3rd from left), the Executive Director, Engineering. & Tech Services, Prof. Idris Abubakar (left). The Exe...
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Nigeria To Mainstream Maritime Sector For Economic Development

Nigeria To Mainstream Maritime Sector For Economic Development

The Minister of Transportation, Rt. Hon. Chibuike Amaechi has disclosed that the Federal Government of Nigeria is poised to ensure the maritime sector gets into the mainstream of economic strategy to lift economic growth and prosperity.The Minister who affirme...
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NPA Photo News

NPA Photo News

The Representative of the Managing Director, Nigerian Ports Authority (NPA),General Manager, MD’s Office, Dr.Chinwe Abama (middle), the Director Reform Coordinator and Service Improvement of the Federal Ministry of Transportation (FMOT), Grace Atiegoba (left...
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ITF Seeks Urgent Action Against Rising Piracy In Gulf Of Guinea

ITF Seeks Urgent Action Against Rising Piracy In Gulf Of Guinea

On the back of two piracy attacks on vessels in Gulf of Guinea last week, the International Transport Workers’ Federation called for urgent global and regional cooperation to fight piracy in the region. The latest incidents occurred in early November...
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SIFAX Group Photo News

SIFAX Group Photo News

 L-R: Chris Parks, Judge, The Next Titan; Tonye Cole, Judge, The Next Titan; Kyari Bukar, Lead Judge, The Next Titan and Hon. Victor Olotu, Acting Head, Business Development and Strategic Planning and Guest Judge at The Next Titan’s board room...
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Shipping Firm Loses Charter Deal

Shipping Firm Loses Charter Deal

Greek shipowner Diana Shipping revealed that a time charter contract for one of its Post-Panamax bulkers has been canceled. Diana recently entered into the time charter deal for its ship Polymnia with Dubai-based Al Ghurair Resources International. “Chartere...
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Nine MV Bonita  Vessel Crew Kidnapped In  Benin

Nine MV Bonita Vessel Crew Kidnapped In Benin

Nine crew members of Norwegian shipowner J.J. Ugland have been taken hostage from the bulk carrier MV Bonita.The company explained on Monday that they were kidnapped in the early morning hours of November 2 off Cotonou, Benin Republic.According to the...
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Samsung Lays Keel For 174,000 cbm LNG Carrier

Samsung Lays Keel For 174,000 cbm LNG Carrier

South Korean shipbuilder Samsung Heavy Industries has held a keel-laying ceremony for one of two 174,000 cbm LNG carriers ordered by LNG carrier owner and operator of GasLog. The keel-laying ceremony took place half a year after the ship started...
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NPA Photo News

NPA Photo News

The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman (Middle) and The Executive Director, Marine and Operations, Dr. Sokonte Davies on her Left. German Ambassador, BirgittOry on her right, and the Consul General, Dr. Stefan Traumann, on her...
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NPA Photo News

NPA Photo News

The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman (standing 6th from left), the Comptroller Nigeria Custom Service (NSC), Colonel Hameed Ali (Rtd.), top Management of NPA and Stakeholders during a meeting on overtime cargo at the Lagos P...
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Maersk Raises 2019 Profit Forecast To $5.8b

Maersk Raises 2019 Profit Forecast To $5.8b

Danish shipping major Maersk has raised its expectations for 2019 profit based on the financials for the third quarter and the updated outlook for freight rates, volumes and bunker fuel prices for the rest of the year.The company said that...
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