Seaport – Page 27 – City Business News

April 11, 2018 37 Responses

NPA To Stakeholders: Fast-Track Working Document On Review Of Terminal’s Agreement

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala-Usman has urged all stakeholders concerned with the working document for the review of Terminal’s Agreement to speed up the processes. Speaking in Lagos when Management of the Infrastruc...

April 8, 2018 No Responses

Samsung Electronics Stakes $192m On SHI Shares

Samsung Electronics intends to participate in Samsung Heavy Industries’ (SHI) rights offering by investing KRW 204.06 billion (USD 191.8 million). The technology company unveiled the decision to acquire 34.76 million shares in SHI in its stock exchange filin...

April 6, 2018 No Responses

NPA Photo News

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala Usman presents a plaque to the President of Maritime Arbitrators Association of Nigeria (MAAN), Adewale Jones. To his left is the Vice President of MAAN, BodunrinAdewole, when the Executi...

April 4, 2018 No Responses

NPA Implores Stakeholders On $42.3m, N600m Debt

Ahead of the proposed “aggressive debt recovery exercise” of Nigerian Ports Authority (NPA), Rivers Port Complex has explained that it generated $62.3million and N1.2Billion in 2017, compared to $57.6million and N772.4million recorded in 2016. Out of ...

April 1, 2018 No Responses

NPA Photo News

L-R: THE MANAGING DIRECTOR OF NIGERIAN PORTS AUTHORITY (NPA), HADIZA BALA USMAN, MD OF TOLARAM LTD, HARESH ASWANI AND THE SENIOR SPECIAL ASSISTANTTO THE PRESIDENT ON INDUSTRY, TRADE & INVESTMENT, DR. JUMOKE ODUWOLE AT THE OFFICIAL FLAG- OFF OF LEKKI...

April 1, 2018 No Responses

NPA Photo News

VICE PRESIDENT,PROF YEMI OSINBAJO AND THE MANAGING DIRECTOR OF NIGERIAN PORTS AUTHORITY (NPA), HADIZA BALA USMAN. TO THE RIGHT OF OSINBAJO IS THE MINISTER OF TRANSPORTATION, CHIBUIKE ROTIMI AMAECHI AT THE OFFICIAL FLAG-OFF OF LEKKI DEEP SEAPORT PROJECT IN LEKK...

March 30, 2018 No Responses

FG Seeks Speedy Completion Of Lekki Deep Seaport

The Federal Government has challenged promoters of the Lekki Deep Sea Port to facilitate speedy completion of the project. President Muhammadu Buhari, represented by Vice President Yemi Osinbajo flagged off the construction of the Sea Port in Lagos on Thur...

March 28, 2018 No Responses

COSCO Names Another 20,000 TEU Boxship

China’s COSCO Shipping Lines has named COSCO Shipping Leo, a 20,000 TEU containership newbuild. The naming ceremony for the giant boxship was held in Nantong on March 22, 2018. Built by Nantong COSCO KHI Ship Engineering (NACKS), COSCO Shipping Leo is...

March 26, 2018 No Responses

NPA To Start Aggressive Debt Recovery, Tasks Terminal Operators On Equity

The Nigerian Ports Authority (NPA) is to commence aggressive recovery of debt owed by Terminal Operators and other stakeholders in the maritime sector. Addressing stakeholders in Port Harcourt, Rivers State, Managing Director of NPA Hadiza Bala-Usman said pr...

March 25, 2018 No Responses

1,000 Seaports Commit To Sustainable Growth, Development

Nearly 1,000 ports and port-related companies have committed themselves in Antwerp to achieving the 17 Sustainable Development Goals (SDGs) set by the United Nations. On March 22, a two-day event held under the auspices of the World Ports Sustainability Prog...

March 18, 2018 No Responses

CMA CGM Lifts 19m Containers In 2017, Explains $701m Income

French shipping giant CMA CGM returned to profitability in 2017 as its consolidated net income group share for the year amounted to USD 701 million, a sharp increase compared to the loss of USD 452 million reported in 2016. In...

March 13, 2018 No Responses

Daewoo Shipbuilding Posts $629.7 million Income In 2017

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has managed to improve its financial performance for the first time since 2011. The company recorded a net income of KRW 669.9 billion (USD 629.7 million) in 2017, compared to a...

March 10, 2018 No Responses

Report: Seafarers Happiness Index Down

The average seafarer happiness level in the fourth quarter of 2017 was 6.25 out of 10, according to the Mission to Seafarers’ relaunched Seafarer Happiness Index (SHI). The results show a downward trend when compared to the surveys conducted in 2015 and...