Ship Archives — Page 3 of 4 — City Business News

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 expecting 17 others laden with petroleum products, food items and other goods from...

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...

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 ...

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...

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...

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...

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,...

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.....

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...

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...

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...

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...

February 28, 2019 No Responses

Firm Secures Contract For Expedition Ship

Norwegian ship designer Ulstein has received a contract to design the fourth expedition cruise vessel for Miami-based SunStone Ships. The vessel, Ocean Explorer, will be constructed at the China Merchants Heavy Industries (CMHI) shipyard. Belonging to t...

January 31, 2019 No Responses

Hyundai Secures $286m Contract For Three Crude Oil Carriers

The world’s largest shipbuilder Hyundai Heavy Industries Group is off to a great start since the beginning of 2019 as new orders keep piling up. The latest win relates to the construction of three very large crude oil carriers (VLCCs),...