Maritime Archives — Page 79 of 135

September 27, 2019 No Responses

Rating Agency Downgrades CMA CGM

The corporate family rating of French shipping major CMA CGM was downgraded to B2 from B1 amid the company’s weakened liquidity profile, according to rating agency Moody’s.Additionally, CMA CGM’s probability default rating was set to B2-PD from B1-PD, senior unsecured...

September 25, 2019 No Responses

NLNG Vessel Supports Rescue At Gibraltar Strait

A Nigeria LNG Limited vessel, LNG Kano, recently supported the rescue of two persons who were missing around the Gibraltar strait.According to the vessel’s manager, NLNG Ship Management Limited (NSML),on 24th August 2019, the vessel received a distress call ...

September 24, 2019 No Responses

Navy Intercepts Cocaine Onboard Vessel

Mexican Navy and Coast Guard personnel have seized over 80 kilograms of cocaine from a container aboard the CMA CGM Mississippi at the Pacific Ocean Port of Lázaro Cárdenas.The navy explained that a total of 70 packages containing approximately 82...

September 24, 2019 No Responses

Marguisa Shipping Line Flags Off Services To Calabar Port

By ebosele@hotmail.com Marguisa Shipping Line has has flagged off services to Calabar Seaport.A Vessel from the stable of the Shipping Firm, MV Boreas from Valencia, its headquarters in Spain, enroute Port Harcourt arrived Calabar Seaport on Monday.A stat...

September 24, 2019 No Responses

NPA Photo News

NPA Photo News:L-R: The Head of Africa Operations, MAERSK Line’s Global, Ahmed Hassan,the Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman, Senior Vice President Operations, MAERSK Line’s Global, Kent Hagbarth, during a working visit to...

September 18, 2019 No Responses

‘LNG Is the Most Commercially Viable Alternative Marine Fuel’

LNG is the most mature, scalable, and commercially viable alternative fuel currently available for the maritime industry, a new study finds. Released by SEA\LNG and entitled ‘Comparison of Alternative Marine Fuels’, the study was conducted by alternative f...

September 17, 2019 No Responses

At TAAM Conference, Experts Chart Course For Maritime Sector’s Growth

To achieve a greater level of growth in the country’s maritime sector, there is a need to devise a strategic framework that guarantees innovations and sustainable solutions that could address the problems in the industry. This was the submission of...

September 15, 2019 No Responses

LNG Vessel To Face Further Sea Test

Nauticor-operated LNG bunker supply vessel Kairos completed the first LNG bunkering operation in the port of Södertälje, Sweden, delivering 150 tons of LNG. The operation with the product tanker Ternsund, chartered by the Finnish fuel supply company NEOT (No...

September 14, 2019 No Responses

NIMASA Acquires New Helicopter, To Establish International Arbitration Centre

The Nigerian Maritime Administration and Safety Agency (NIMASA) is to take delivery of new surveillance Helicopter before the end of this year as part of measures to boost security in the Gulf of Guinea. Speaking at the Taiwo Afolabi...

September 13, 2019 No Responses

Amaechi, Saraki Fine-Tune Agenda For Maritime Sector

September 12, 2019 No Responses

Stakeholders Caution Against Use Of Private Armed Guards Onboard Vessels

By ebosele@hotmail.com — The West African shipping market on Tuesday took the centre stage in London at the West Africa Shipping Summit in London. It was a full house of industry experts and professionals. Hosted by Nigerian shipping and...

September 11, 2019 No Responses

CMA CGM Declares $7.7b Revenue In Q2

French shipping major CMA CGM has reported a strong growth in its volumes in the second quarter of 2019, despite an uncertain worldwide geopolitical environment. The company said that its shipping business remained strong in the second quarter, with significan...

September 3, 2019 No Responses

Hyundai Secures $189m LNG Carrier Order

South Korean biggest shipbuilder Hyundai Heavy Industries (HHI) has secured an order for the construction of an LNG carrier.Placed by an unnamed shipowner from Oceania, the order amounts to KRW 228.9 billion (USD 188.8 million), HHI said in a stock...

August 31, 2019 No Responses

COSCO Shipping Declares 5.4 Per Cent Increase In Throughput

Despite the ongoing trade war between China and the US, Hong Kong-based port operator COSCO Shipping Ports ended the first six months of this year with a total throughput rise of 5.4 percent year on year (yoy). The total container...