Seaport – Page 28 – City Business News

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...

March 2, 2018 No Responses

Kaztec Engineering To Invest $1.5b In Shipyard

Mr Marc Robillard, the Commercial Manager of Kaztec Engineering Limited, said his company would invest another 750 million dollars to its existing 300 million dollars investment in Nigeria’s maritime sector. Robillard disclosed this on Thursday in Abuja afte...

March 2, 2018 No Responses

Pirates Take Two Crew Hostage off Benin

Luxembourg-flagged product-chemical tanker, ST Marseille was attacked by five armed pirates on February 26 while anchored in the Bay of Cotonou, the Gulf of Guinea. The pirates approached the tanker in a speedboat and opened fire once they boarded the vessel,...

March 2, 2018 No Responses

NPA Photo News

R-L: Caption 2. From right, Port Manager, Calabar Port, Mrs Olufunmilayo Olotu, Representative of Director of Maritime Labor Services, NIMASA, Oluyemisi Fayemi, General Manager, Procurement (NPA), Alhaji Ahmed Dandare, Director Procurement, Federal Ministry of...

February 28, 2018 8 Responses

NPA Boss Implores PMWCA on International Standards, Private Sector Involvement In Provision Of Ports Facilities

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman has challenged Port Management Association of West and Central Africa (PMWCA) to devise ways to pilot the sub-region to take full advantage of trading opportunities by encouraging priva...

February 24, 2018 No Responses

Transport Minister Assures Stakeholders of Safe Maritime Domain

The Minister of Transportation, Rotimi Amaechi has assured stakeholders in the maritime sector that the Federal Government will leave no stone unturned in actualizing its goal for a safer and more secured maritime domain. The Minister who said this...

February 24, 2018 2 Responses

NPA Reiterates Support For Use Of Barges, To Fast-Track Renovation Works on Quay Apron At Ikorodu Lighter Terminal

The Nigerian Ports Authority (NPA) is to encourage the movement and evacuation of cargoes from the nation’s Seaports to the hinterland across the country. This according to the Managing Director, Hadiza Bala Usman was in order to reduce the pressure...

February 23, 2018 No Responses

SIFAX: Port Access Road Needs Reconstruction, Not Palliative

To save businesses from the impending shut down due to the deplorable state of the Tin Can–Coconut port access road, Mr. Oliver Omajuwa, General Manager, SIFAX Off Dock Limited has urged the Federal Government as a matter of urgency to...

February 22, 2018 one Response

NPA Tasks Security Agencies on Inter-Agency Collaboration

Stakeholders in Onne Port, especially the Security agencies, have been urged to promote an effective inter-agency cooperation and collaboration to ensure the total success of the Presidential Order on the Ease of Doing Business Directive in the Ports. Securi...

February 21, 2018 No Responses

‘Maersk, Nine Other Shipping Lines Control 90 Per Cent Of Deep Sea Market’

More than 87 pct of the global fleet capacity is controlled by only ten out of 67 shipping lines operating fully cellular containerships, which is less than 7 pct of the total lines, according to the data from MDS Transmodal....

February 15, 2018 No Responses

Africa Welcomes First Nickel Ore Carrier

The Autonomous Port of Abidjan in Africa hosted its first nickel ore carrier on February 14. The 50,000 dwt Luzern docked at the port’s Wharf 15. The port said that the nickel ore came from a mine located in Foungbesso in the...

February 14, 2018 No Responses

Minister Canvasses Support For $16b Egina project

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Tuesday commended the management of Total Upstream Nigeria Ltd. (TUPNI), for its 16 billion dollars (N5.76 trillion) Egina project in Nigeria. Kachikwu gave the commendation during his visit to...