Tag: Shipping Business

Maersk To Sack 10,000 Workers
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 container...
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Shipping Majors Seal Decarbonisation Partnership
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 ...
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Daewoo Wins $517m Contract For Two LNG Carriers
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...
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Maersk CEO Steps Down
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...
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Daewoo Shipbuilding  Seals $1.4b Conditional Takeover Deal  
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. ...
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Shipbuilding Firm Unveils Smart Sail Design
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...
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Maersk Tankers Unveils Digital Solution To Track Emissions
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...
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Shippers Seek Conducive Trade Environment In 2022
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...
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Panama Canal Modifies Tolls For Passenger Ships
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...
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NPPM Urges Development Of Inland Dry Ports
November 4, 2021 No Responses

NPPM Urges Development Of Inland Dry Ports

The Chairman of the Advisory committee of the Nigerian Ports Process Manual (NPPM), Prince Olayiwola Shittu, on Wednesday, urged the Nigeria Shippers’ Council to ensure the development of all Inland Dry Ports across the country. Shittu expressed optimism tha...
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Jime Inaugurates Committee To Tackle High Shipping Cost In Africa
October 13, 2021 No Responses

Jime Inaugurates Committee To Tackle High Shipping Cost In Africa

The Executive Secretary and Chief Executive Officer,  Nigerian Shippers Council (NSC), Emmanuel Jime,  has inaugurated a committee of experts to help tackle high shipping cost within the Africa sub-region.  Jime inaugurated the committee at the&...
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Shipping: Amaechi Charges Committee To Eliminate Delays, Corrupt Practices
October 12, 2021 No Responses

Shipping: Amaechi Charges Committee To Eliminate Delays, Corrupt Practices

Minister of Transportation, Rotimi Amaechi on Tuesday In Abuja charged the Committee of Experts, Union of African Shippers Council (UASC) to ensure all elements of cost relating to delays, corrupt practices are eliminated from the system.  Amaechi, who was re...
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Maersk Acquires Portuguese Logistics Firm
September 16, 2021 No Responses

Maersk Acquires Portuguese Logistics Firm

Danish shipping giant A.P. Moller – Maersk has acquired HUUB, a Portuguese cloud-based logistics startup. World Maritime News reports on Wednesday that this is the company’s third acquisition this year within E-commerce logistics and it comes thr...
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NIMASA Automates Verification Of New Ship Registration Certificates
September 6, 2021 No Responses

NIMASA Automates Verification Of New Ship Registration Certificates

The Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced the electronic verification of the new Ship Registry Certificates it introduced on July 1.  The Director-General of NIMASA, Dr. Bashir Jamoh disclosed this in a statement issued...
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