Seaport – Page 22 – City Business News

July 20, 2019 No Responses

NPA Appoints New General Managers

The Management of Nigerian Ports Authority, (NPA) has appointed new General Managers (GM) and Assistant General Managers. A statement issued on Friday by General Manager, Corporate and Strategic Communications, Jatto Adams explained that Hajia Aisha Ali Ibrahim is now the...

April 7, 2019 No Responses

Shipping Firm Develops New Port Supply Chain

Hong Kong-based port operator COSCO Shipping Ports signed an investment agreement with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau. Under the deal, the company plans to develop phase I of terminal extended business in the land n...

March 13, 2019 No Responses

NPA Pledges More Support For Nursing Mothers, Children

The Management of the Nigerian Ports Authority (NPA) joined the rest of the world in commemorating the “International Women’s Day”, (IWD), culminating in the unveiling of a standard crèche at the Lagos Premier Ports Apapa. This being a pilot case...

March 11, 2019 No Responses

Container Terminal Declares $1.2B Revenue For 2018

Philippines-based port management company International Container Terminal Services (ICTSI) has increased its 2018 profit on the back of a six percent increase in TEU volume and inclusion of new terminals. Consolidated volume for 2018 rose to 9,736,621 TEUs, c...

March 5, 2019 No Responses

CMA CGM Explains $1.2b Cost-Cutting Plan

French shipping major CMA CGM is launching a USD 1.2 billion cost reduction plan despite record revenues seen in 2018. As informed, the company will implement “a global plan” in 2019 to improve its operational performance. CMA CGM intends to...

February 21, 2019 No Responses

DP World Acquires Pan-European Logistics Firm

Dubai-based port operator DP World has acquired the pan-European logistics company P&O Ferries for a purchase consideration of GBP 322 million (USD 421 million). The company said that the transaction implies a 2017 Enterprise Value/EBITDA valuation multipl...

February 19, 2019 No Responses

Maritime Firm Records $75m Loss In 2018

Norwegian maritime industry group Wilhelmsen ended 2018 — the first full year with present corporate structure — in loss. In the preliminary result for the year, the group reported a loss for the period of USD 75 million in 2018, compared to a loss...

February 6, 2019 No Responses

Seaport To Serve Six 14,000 TEU Ships Simultaneously

Georgia Ports Authority (GPA) has unveiled a new program that will allow the Port of Savannah to simultaneously handle six 14,000 TEU vessels by 2024. The Big Berth/Big Ship program was presented by GPA’s executive director Griff Lynch at the Georgia...

February 2, 2019 No Responses

Container Tracking Note Takes Off In Liberia

The National Port Authority (NPA) of Liberia has announced that Container Tracking Note (CTN) System commenced with effect from February 1st, 2019. Indeed, Container Tracking Note is now mandatory for all shipments bound to Liberia or in transit through L...

January 30, 2019 No Responses

NPA Photo News

The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman (middle) at an event where she was presented with an Award for Excellence. The Award is from Foreign Investment Network (FIN) for her contributions to the Maritime Industry during the...

January 26, 2019 No Responses

NPA Begins Onne Port Water Channel Clean-Up Operations

The Nigerian Ports Authority (NPA) has commenced the Onne Port Channel Oil spill clean-up operations at the Federal Oceans Terminal (FOT) Onne. According to NPA, the project of water channel clean-up is the first of such project being executed by...

January 17, 2019 No Responses

Report: Despite Automation, Qualified Transport Workers Still Needed

The introduction of automation in global transport will be evolutionary, rather than revolutionary and despite high levels of automation, qualified human resources with the right skill sets will still be needed in the foreseeable future, a new report produced ...

January 13, 2019 No Responses

Commission Probes Terminal Operators

The Hong Kong Competition Commission has opened an investigation to assess whether the recently created alliance between several container terminal operators may restrict competition in Hong Kong. Recently, COSCO-HIT Terminals (Hong Kong) Limited (CHT), ...

December 18, 2018 No Responses

Congestion: NPA Explains 21 Free Days Rent-Free Period For Cargoes At Apapa,Tincan Seaports

In order to reduce the attendant financial burden that the congestion at the Apapa and Tin Can Island Ports has brought on importers, the Nigerian Ports Authority has announced the following measures which will take immediate effect: 1.With effect from...