Seaport – Page 25 – City Business News

July 31, 2018 No Responses

Tincan Island Customs Generates N162.7B In Six Months

Between January and June this year, Tincan Island Command of the Nigeria Customs Service generated a total of N162.7Billion, higher than N130.1Billion generated in the corresponding period of 2017 with N32.6Billion. This declaration was made by the Customs Area...

July 25, 2018 No Responses

Terminals In Europe, Australia Lift DP World’s Performance By 4.8 Per cent In Six Months

Despite geopolitical tensions, Dubai-based port developer DP World said that the first half of 2018 saw an upswing in global trade, especially at its container terminals in Europe and Asia. The port operator reported a 4.8 pct growth in gross container...

July 20, 2018 No Responses

Firm Ships 1st LNG Cargo To China

Russian gas company PAO Novatek has shipped its first cargoes of liquefied natural gas (LNG) from the Yamal LNG project to China via the Northern Sea Route. To commemorate the occasion, the arrival of LNG carriers Vladimir Rusanov and Eduard...

July 19, 2018 No Responses

NPA Boss Seeks Improved Intermodal Freight Transport, Logistics Value Chain

The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala Usman has said that a lot still needs to be done “particularly in synergising efforts and fine-tuning grey areas” in order to ensure continuous improvement in the nation’s inter modal fre...

July 13, 2018 No Responses

Holding Bays: NPA To Sanction Shipping Firms, Terminal Operators

The Nigerian Ports Authority (NPA) is to sanction shipping firms and terminal operators over failure to comply with agreement on holding bays. The agreement which was reached in November, 2017 between the Shipping Companies, Terminal Operators and the NPA,...

June 22, 2018 No Responses

COSCO Acquires Another 14,500 TEU Boxship

China’s COSCO Shipping Lines has welcomed to its fleet another 14,500 TEU newbuild, COSCO Shipping Denali. Flying the flag of Hong Kong, the newbuild has a length of 366 meters and a width of 51.2 meters. Its market value currently...

June 17, 2018 No Responses

Three Carriers Unveil Express Service

Shipping companies Hyundai Merchant Marine (HMM), Evergreen and APL have teamed up on launching a new China-Australia service. The weekly service covers the ports of Ningbo, Shanghai, Yantian, Sydney, Melbourne and Brisbane. It is scheduled to start on August ...

June 11, 2018 No Responses

DP World Joins World Ocean Council

Dubai-based terminal operator DP World has become the first company in its sector to join the World Ocean Council (WOC) as part of its leadership journey to actively engage in the protection of the world’s oceans. The WOC is a...

June 8, 2018 No Responses

New ICTSI Terminal Ready For Larger Ships

Manila International Container Terminal (MICT), the flagship terminal of International Container Terminal Services (ICTSI), is ready to handle some of the largest boxships with its new cranes. Three new cranes, a pair of Neo-Panamax quay cranes and a Post-Pana...

May 20, 2018 No Responses

Commission Adopts Proposal On Ship Reporting

The European Commission has adopted a proposal with a view to increased harmonization of ship reporting requirements when calling at ports within the EU. Earlier this year, Denmark on behalf of 13 EU member states sent the commission a letter...

May 19, 2018 No Responses

NPA Explains Approved Agencies At Port Locations

As part of efforts to improve efficiency in port operations, the Vice President and chairman of the Presidential Enabling Business Environment Council, Professor Yemi Osinbajo has directed the Nigerian Ports Authority (NPA) to ensure that only eight federal go...

May 11, 2018 No Responses

Port Workers Begin Nation-Wide Strike

Workers across Italian ports launched a 24-hour strike on May 11, voicing their dissatisfaction over the lack of lashing legislation enforcement and poor safety in Italian ports. The strike is lead by unions FILT CGIL, Fit Cisl and Uiltrasporti Nazionale,...

May 10, 2018 No Responses

ICTSI Posts $44.1 million Net Income In Q1

Drag from the new terminals has seen Philippine-based terminal operator ICTSI report a lower profit in the first quarter of 2018. The company said that its net income attributable to equity holders stood at USD 44.1 million, 15 percent less than...

May 8, 2018 No Responses

LNG Gets More Acceptance In Central America

Central America and the Caribbean are taking an ever-growing role in the Panama Canal’s trade of Liquefied Natural Gas (LNG) amid increasing interest in the environmentally friendly and cost-efficient cargo to meet their energy needs. Peru and Trinidad and ...