Shipping Business Archives — Page 2 of 4

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 represented...

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...

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...

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...

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...