Seaport – Page 24 – City Business News

November 21, 2018 No Responses

Evergreen Orders Four Feeder Vessels

Taiwan-listed container shipping major Evergreen Marine has placed an order for the construction of four feeder vessels at a Chinese yard. The containerships, which were ordered from Jiangnan Shipyard, will feature 2,500 TEU. Evergreen Marine is paying USD 31 million to...

November 14, 2018 No Responses

A.P. Moller – Maersk Reports $10.1b Revenue In Q3

For the 2018 third quarter, A.P. Moller – Maersk has reported growth in both Ocean and non-Ocean with a total revenue increase of 31% to USD 10.1bn, 12% excluding Hamburg Süd. Growth in non-Ocean was at 15%, which now contributes...

November 10, 2018 No Responses

NPA To Terminal Operators: Be Part Of Trade Fairs, Exhibitions

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has advised Terminal Operators to take advantage of Trade Fairs and Exhibitions as part of measures to promote their activities as concessionaires in the nation’s seaports. Spea...

November 8, 2018 No Responses

Terminal Operator Explains $344m Revenue In Q3

Philippine terminal operator International Container Terminal Services (ICTSI) witnessed a rise in its earnings supported by an improvement in volumes in the peeriod ended September 30, 2018. For the third quarter of the year, revenue from port operations incr...

November 2, 2018 No Responses

APM Terminals To Offer 18m Shares For Sale

APM Terminals Bahrain revealed its plans to raise around USD 32 million through its planned initial public offering (IPO). APM Terminals Bahrain will offer 18 million shares, equivalent to 20 per cent of its issued share capital, at BHD 0.66...

November 1, 2018 No Responses

CMA CGM Introduces Sulphur Surcharge

French container shipping company CMA CGM is implementing low sulphur surcharge from/to the ports of Shanghai and Ningbo in China. Since October 1, 2018, the 0.5% sulphur limit is applicable to the above mentioned ports. As informed, the company will impose.....

October 26, 2018 No Responses

CMA CGM Gets EU Approval To Acquire Finland’s Containerships

French shipping major CMA CGM has received a green light from the European Commission to acquire Finland’s Containerships. The European Commission concluded that the proposed merger, which was agreed on June 20, 2018, would not raise competition concerns d...

October 12, 2018 No Responses

Obasanjo: Atiku’s Administration Will Be Business-Friendly, Boost Economy

I am happy to welcome the distinguished leaders of goodwill who have led the PDP Presidential Candidate and my former Vice-President, Atiku Abubakar, to my humble abode and I welcome the Presidential Candidate himself. Let me start by congratulating President-...

September 30, 2018 No Responses

Maritime Stakeholders Tackle Shipping of Counterfeit Goods

Representatives of the maritime industry have developed a set of best practices to reduce the volume of counterfeits shipped around the globe through checks on their customers and supply chains. The recommended best practices were developed as part of the...

September 18, 2018 No Responses

Maersk Line To Introduce New Fuel Adjustment Surcharge

World’s largest container shipping company Maersk Line is planning to introduce a new fuel adjustment surcharge ahead of the 2020 sulphur cap. As explained, the new Bunker Adjustment Factor (BAF) surcharge aims at recovering Maersk Line’s costs of compl...

September 4, 2018 No Responses

Maersk Adds Digital Freight Forwarder To Its Brand

Digital freight forwarder Twill has changed its brand affiliation from Damco to Maersk, Danish shipping and logistics major A.P. Moller – Maersk said. Maersk explained that the realigning of the brand will make it possible to offer Twill to all Maersk...

September 3, 2018 No Responses

1st LNG-Fueled Ship Begins Final Sea Trials

The world’s first cruise ship that can be powered by low-emission Liquefied Natural Gas (LNG) will be going on its first short trip,sail for Eemshaven in the Netherlands for final fit-out and sea trials at the end of September, 2018...

August 31, 2018 No Responses

Nigeria To Institute Wreck Insurance Policy

In its bid to accelerate operational efficiency and navigational safety in the nation’s seaports, the Federal Government will soon institute a Wreck Insurance Policy (WIP) on all vessels calling to the Nigerian Ports. The policy, according to the Managing Di...

August 25, 2018 No Responses

Violent Waves: Seven Ships Grounded

Seven ships are stranded outside the Kaohsiung Port in Taiwan having succumbed to heavy winds and violent waves caused by a strong storm that hit Taiwan. All 88 crew members of the seven ships are reported to be safe, according to...