Shipping Business – City Business News

July 4, 2025 No Responses

NPA Berths First Wholly Nigerian-Owned Container Vessel

To maximize the gains derivable from the African Continental Free Trade Area (AfCFTA), the Nigerian Ports Authority (NPA) on July 2nd, 2025 at 05:05 hours deployed its state-of-the-art marine crafts to berth the first wholly Nigerian-owned container vessel.The container vessel...

June 12, 2025 No Responses

NPA Meets APM Terminals, Shipping Lines Over Container Movement To Seaport

Based on public outcry over the delay in evacuation of empty containers leading to yard congestion at the APM Terminals, Apapa, Lagos, the Nigerian Ports’ Authority, NPA, convened a crucial meeting comprising of the major shipping lines and the APM...

April 30, 2025 No Responses

Shippers’ Council Trains Shipping Firms, Others

The Nigerian Shippers’ Council (NSC) has taken a significant step towards enhancing the ease of doing business in the maritime sector by training four shipping companies and one vessel charterer on its automated Confirmation of Reasonableness of Demurrag...

February 28, 2025 No Responses

Sustaining Nigeria’s Maritime Industry Growth Through International Cargo Tracking Note

No doubt, the reintroduction of the International Cargo Tracking Note (ICTN) at Nigerian ports marks a pivotal moment for the nation’s maritime sector. The automated tracking system, which allows real-time monitoring of cargo from origin to destination, hold...

February 28, 2025 No Responses

Shippers’ Council, Port Of Antwerp To Strengthen Partnership

The Executive Secretary/ Chief Executives Officer, Nigerian Shippers’ Council (NSC), Dr Akutah Pius Ukeyima, recently, received a team from the Port of Antwerp.The meeting aimed at exploring areas of collaboration and partnership between the two organization...

November 4, 2023 No Responses

Maersk To Sack 10,000 Workers

Danish container shipping giant, A.P. Moller-Maersk has revealed further downturn in both profit and revenue, resulting in a decision to cut 10,000 jobs as a response to the ongoing challenges of declining freight rates and lackluster demand within the contain...

July 5, 2023 No Responses

Shipping Majors Seal Decarbonisation Partnership

Nine players across the maritime value chain have issued a joint statement expressing their commitment to developing and implementing robust book and claim chain of custody systems to accelerate the early phases of shipping’s decarbonisation. World Maritime ...

March 15, 2023 No Responses

Daewoo Wins $517m Contract For Two LNG Carriers

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a construction order for two LNG carriers. The shipbuilder disclosed on the stock exchange that the company behind the order was a shipowner from Oceania, without revealing th...

December 13, 2022 No Responses

Maersk CEO Steps Down

The Chief Executive Officer (CEO) of A. P. Møller – Mærsk A/S (Maersk), Soren Skou, who has led the transformation of the company from a diversified conglomerate to an integrated logistics company, is retiring. Vincent Clerc, currently CEO...

September 28, 2022 No Responses

Daewoo Shipbuilding Seals $1.4b Conditional Takeover Deal

South Korean shipbuilding major, Daewoo Shipbuilding & Marine Engineering (DSME) has entered into a tentative deal with compatriot conglomerate, Hanwha Group on the acquisition of a 49.3 percent stake and management rights in return for $1.4 billion. ...

August 29, 2022 No Responses

Shipbuilding Firm Unveils Smart Sail Design

Chinese shipbuilder, Jiangnan Shipbuilding has launched an in-house design of a smart sail, a wind-assisted propulsion system. Named the Jiangnan Smart Sail, the technology behind the system is based on a high-performance computing platform that evaluates...

July 6, 2022 No Responses

Maersk Tankers Unveils Digital Solution To Track Emissions

Danish tanker shipping firm Maersk Tankers, together with shipowners in its pools, has launched a new digital solution to help owners meet the required marine emissions standards. Shipowners are facing new regulations from 1 January 2023, requiring them to tra...

January 2, 2022 No Responses

Shippers Seek Conducive Trade Environment In 2022

Shippers are expecting a more conducive trade environment in 2022, President, Shippers Association of Lagos (SAL), Rev. Jonathan Nicole, has said. In a statement issued on Saturday, Nicole attributed the quest for a more conducive trade environment...

December 22, 2021 No Responses

Panama Canal Modifies Tolls For Passenger Ships

Starting from February 2022, the Panama Canal will modify its toll structure for passenger vessels. On December 15, 2021, following the recommendation from the ACP Board of Directors, the Cabinet Council of the Republic of Panama officially approved modif...