Tag: Ship

Japan’s Ports Waive Fees For LNG, Hydrogen-Powered Ships
March 30, 2021 No Responses

Japan’s Ports Waive Fees For LNG, Hydrogen-Powered Ships

The Tokyo Port is waiving port entry fees for LNG-powered and hydrogen-powered vessels as a way of encouraging greater uptake of these fuels in the maritime sector. The waiver is set to enter into force on April 1 running for...
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Stranded Suez Container Ship Freed
March 29, 2021 No Responses

Stranded Suez Container Ship Freed

A huge container ship that has been wedged in the Suez Canal since Tuesday has reportedly been refloated.  Video posted social media on Monday appeared to show the stern of the Ever Given swung towards the canal bank, opening space...
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NPA Receives 20 Ships, Expects 17 Others This Week At Lagos Seaports
March 10, 2021 No Responses

NPA Receives 20 Ships, Expects 17 Others This Week At Lagos Seaports

The Nigerian Ports Authority (NPA), on Tuesday, disclosed that 20 ships were discharging bulk wheat, bulk gypsum, general cargo, frozen fish, container, butane gas and bitumen at the Lagos seaports.   Also, NPA is expect...
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Grimaldi Welcomes New Hybrid RoRo Vessel
January 5, 2021 No Responses

Grimaldi Welcomes New Hybrid RoRo Vessel

Italian Grimaldi Group has started 2021 with the delivery of Eco Barcelona, the second of twelve hybrid Grimaldi Green 5th Generation (GG5G) class vessels. The Italian-flagged roll-on/roll-off (RoRo) was handed over to its owner by Chinese shipyard Jinling bas...
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Experts Lament Inadequate Capacity For Green Recycling Of Large Ships
December 8, 2020 No Responses

Experts Lament Inadequate Capacity For Green Recycling Of Large Ships

Lack of sufficient recycling capability among shipyards included in the EU list to dismantle large ships remains an issue, BIMCO has said. The EU Ship Recycling Regulation requires all large sea-going vessels sailing under an EU member state flag to ...
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Shipbreaking Cartel In Bangladesh Comes To An End
November 24, 2020 No Responses

Shipbreaking Cartel In Bangladesh Comes To An End

After exactly two months in operation, the shipbreaking cartel in Bangladesh has collapsed as it failed to secure enough tonnage, GMS, the world’s largest cash buyer of ships for recycling, said.   During the sixty-day period ended 21 November, a f...
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Samsung Secures $2.5b Ship Block Deal
November 24, 2020 No Responses

Samsung Secures $2.5b Ship Block Deal

South Korean shipbuilder Samsung Heavy Industries (SHI) has won a major ship block deal, the biggest ever single contract deal in the yard’s history.  The deal, revealed on Monday in a stock exchange filing, comes from an unnamed European shipowner...
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NPA Receives 23 Ships Laden With Petroleum Products, Food Items, Others
November 17, 2020 No Responses

NPA Receives 23 Ships Laden With Petroleum Products, Food Items, Others

Between November 16th and December 3, 2020, the Nigerian Ports Authority (NPA) is to receive 23 ships laden with petroleum products, food items and other goods. NPA explained in its publication, `Shipping Position’, the ships are expected to arrive at...
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Maersk, Firm Seal Partnership On 11 New Ships
November 25, 2019 No Responses

Maersk, Firm Seal Partnership On 11 New Ships

Danish tanker owner and operator Maersk Tankers is set to add eleven tankers to the fleet under its management, following an agreement with BP Shipping and ICBC Financial Leasing. The agreement involves three Suezmax, three MR and five Handy-sized vessels,...
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New LNG Carrier Begins Charter To Shell
March 18, 2019 No Responses

New LNG Carrier Begins Charter To Shell

Greece-based LNG carrier, GasLog Gladstone and GasLog Warsaw are to commence long term charter to Shell.  Owner and operator, GasLog recently named the two new Samsung Heavy Industries-built ships at  a ceremony on March 12.  According to the company, the.....
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MSC Seals Deal On New Ships
March 15, 2019 No Responses

MSC Seals Deal On New Ships

Switzerland-based shipping company MSC Cruises and Italian shipbuilder Fincantieri on Thursday signed the final contracts for the construction of four luxury cruise ships. This announcement follows a memorandum of agreement inked between the two parties in Oct...
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Container Terminal Declares $1.2B Revenue For 2018
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...
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CMA CGM Explains $1.2b Cost-Cutting Plan
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...
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Crane Manufacturer Acquires $62.8M Of COSCO Shares
March 2, 2019 No Responses

Crane Manufacturer Acquires $62.8M Of COSCO Shares

China’s crane manufacturer Shanghai Zhenhua Heavy Industries (ZPMC) has decided to invest in compatriot shipping company COSCO Shipping Holdings by acquiring CNY 419.9 million (USD 62.8 million) worth of COSCO shares.  ZPMC recently signed the share sub...
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