Shipping Business Archives — Page 2 of 4

August 12, 2021 No Responses

Hyundai Seeks $930m To Fund Eco-Friendly Ship Technology

South Korean shipbuilder Hyundai Heavy Industries (HHI) has decided to raise capital amounting up to$932.8 million in an effort to fund the development of eco-friendly vessel technologies. As a fundraising method, HHI, part of Korea Shipbuilding & Offshore Engineering Co....

August 3, 2021 No Responses

Firm Secures $1.58b Contract For 17 Ships

China’s shipbuilder, Yangzijiang Shipbuilding has secured contracts for up to 17 new buildings from Seaspan Corporation worth $1.58 billion in total. The shipyard received orders for 10 liquified natural gas (LNG) dual-fuel 7,000 TEU containerships and two...

July 18, 2021 No Responses

Volkswagen Acquires Six LNG Car Carrier Ships

Foremost automobile firm, Volkswagen Group has concluded arrangement to boosts it logistics network with six Liquefied Natural Gas (LNG) Ships Under the arrangement, Volkswagen will transport most of its new vehicles overseas using ...

July 17, 2021 No Responses

Cosco Stakes $1.49b On Ten Containerships

Chinese shipping major, Cosco Shipping Holdings has signed an agreement with affiliate shipbuilder Cosco Shipping Heavy Industry Yangzhou for the construction of ten containerships. On 15 July 2021, Cosco sealed the deal with the shipyard splashing out a...

July 5, 2021 No Responses

Shippers Association Pledges Support For New Shippers’ Council Boss

The Shippers Association of Lagos (SAL) on Sunday pledged support for and cooperation to the newly-appointed Executive Secretary of the Nigerian Shippers’Council (NSC), Mr Emmanuel Lyambee Jime. The SAL President, Rev. Jonathan Nicole, gave the assuran...

June 30, 2021 No Responses

Shippers’ Council Seals APMDC Over Arbitrary Charges

The Nigerian Shippers’ Council (NSC) has shut down the operations of the Associated Port & Marine Development Company (APMDC) over alleged arbitrary charges. A statement issued on Tuesday by NSC Head, Public Relation...

June 28, 2021 No Responses

Firm Extends Charter Period With COSCO For 17 Ships

Hong Kong-based containership owner Seaspan Corporation has forward fixed contracts, extending current lease terms for 17 containerships with China’s COSCO Shipping Line. The vessels were initially scheduled to conclude current charters with COSCO for a...

June 23, 2021 No Responses

Daewoo Secures Order For Six LNG-Powered Container Vessels

South Korean shipping major Daewoo Shipbuilding & Marine Engineering (DSME) has received an order for the construction of six ultra large LNG-powered container vessels (ULCVs). The contract, worth KRW 1.1 trillion (about $1 billion), was signed with ...

June 5, 2021 No Responses

US Bans Investment In China’s Shipbuilders

The Biden administration has banned U.S. investments in Chinese companies allegedly linked to China’s military, expanding hard-line policies introduced by the previous administration. The executive order bans American citizens from investing in some of...

June 1, 2021 No Responses

Shippers Council, Stakeholders Hold Terminal Charges Negotiation

The Executive Secretary, Nigerian Shippers’ Council (NSC), Mr Hassan Bello, on Monday explained that the council has not increased its terminal charges. Bello disclosed this at the sideline of an interactive session between the NSC, the Fede...

June 1, 2021 No Responses

SAHCO Chairman Wins Presidential Diary Award

The Chairman of Skyway Aviation Handling Company (SAHCO) PLC, Barr. (Dr.) Taiwo Afolabi has been conferred with Award of Excellence by the Presidential Diary Magazine. He was conferred with the prestigious award as recognition of his immense contributions towa...

May 3, 2021 No Responses

MSC Rolls Out New Electronic Bill Of Lading

MSC Mediterranean Shipping Company is introducing an electronic bill of lading (eBL) for its customers, following a successful pilot phase. The company is using a solution on an independent blockchain platform WAVE BL. The system uses distributed ledger t...

April 29, 2021 No Responses

Shipowners, Seafarers Meeting On Revised Minimum Wage Deadlock

The world’s seafarers on Wednesday decided to shut down negotiations over the future of seafarers’ minimum wages with national shipowners represented by the International Chamber of Shipping. The seafarers’ unions said they would prefer to tackle the shi...

April 28, 2021 No Responses

Shipping Industry Records More Spike In Lost Containers

Containers piled high on giant vessels carrying everything from car tires to smartphones are toppling over at an alarming rate, sending millions of dollars of cargo sinking to the bottom of the ocean as pressure to speed deliveries raises the...