Shipping Archives — Page 12 of 15

May 20, 2020 No Responses

Cosco Shipping, Firm Seal LNG Deals

Chinese shipbuilder, Cosco Shipping Heavy Industry has signed LNG cooperation agreements with compatriot Hudong-Zhonghua Shipbuilding and France’s GTT. Under the deal with Hudong-Zhonghua signed on Tuesday, the two shipbuilders aim to join forces in the field of construction and repair...

May 14, 2020 No Responses

Firm Unveils First LNG Bunkering Vessel

Kawasaki Heavy Industries has launched Japan’s first LNG bunkering vessel at its Sakaide Works yard. Kawasaki will deliver the vessel at the end of September this year. Namely, it is the first liquefied natural gas bunkering vessel to be operated...

April 29, 2020 No Responses

Export Restrictions: Fighting COVID-19 With Hands Tied

By Pamela Coke-Hamilton and Ralf Peters — COVID-19 is a harsh test not only to the world’s healthcare systems, but also to our trading relationships. We are at a point where the world has already lost hundreds of thousands of...

April 26, 2020 No Responses

Moon, First Lady At Naming Of World’s Largest Ship

South Korean shipping major, HMM has held a naming ceremony for the first of its twelve 24,000 TEU containerships. The ceremony was presided by the President of the Republic of Korea Moon Jae-in and First Lady, Kim Jung-sook served as...

April 19, 2020 No Responses

Seaport Welcomes Largest Boxship

The 19,200 TEU MSC Anna, owned by Mediterranean Shipping Company, has docked at the port’s Oakland International Container Terminal on the Oakland Estuary, claiming the title of the largest ship ever to call in Oakland. The massive ship can carry...

April 11, 2020 No Responses

Combating COVID-19 Hiccups At Seaports

By Moses Ebosele, ebosele@hotmail.com — As the number of COVID-19 cases continue to climb both in Nigeria and across the globe, individuals, corporate organizations and strategic agencies such as the Nigerian Ports Authority (NPA) are taking steps to nav...

March 18, 2020 No Responses

Shippers’ Council Wins Ease Of Doing Business Award

The Nigerian Shippers’ Council (NSC) has won the prestigious World Bank 2019 Ease of Doing Business Ranking Award. The award is in recognition of NSC effort in driving Presidential Enabling Environment Council (PEBEC) overall reform initiatives i...

March 15, 2020 No Responses

Container Lines May Lose 17m TEU In 2020

It can no longer be ruled out that the container shipping industry might be looking at developments similar to the financial crisis of 2008, SeaIntelligence said, referring to the impact of the coronavirus pandemic. “This implies a potential volume loss...

March 2, 2020 No Responses

Shipping Experts Confident In Nigeria’s Antipiracy Fight

Major stakeholders in the international shipping community have said they are confident of the measures and satisfied with the effectiveness of Nigeria’s efforts to contain piracy and armed robbery on the country’s maritime environment. A statement issued ...

March 1, 2020 No Responses

Dry Bulk Shipping CEO Steps Down

Torben Janholt, Chief Executive Officer of the dry bulk shipping company Pioneer Marine Inc. is retiring from his role effective March 1, 2020. He has been a member of the Pioneer Marine board of directors since 2013. “I have decided...

February 27, 2020 No Responses

Coronavirus Costing Shipping Industry $350m A Week

The impact of the outbreak of the coronavirus is estimated to be costing the shipping industry USD 350 million a week in lost revenues, according to the International Chamber of Shipping (ICS). The virus outbreak is having a significant impact...

February 21, 2020 No Responses

Maersk Declares $ 5.7b Earnings For 2019, Projects 2020 Outlook

Despite weak market conditions and slow container growth of 1.4 percent, Danish shipping heavyweight, A.P. Moller – Maersk managed to improve earnings and free cash flow in 2019. The company’s earnings before interest, tax, depreciation, and amortization (...

January 19, 2020 No Responses

Firm Seals Charter Deal With Maersk, MSC

German shipping major Hapag-Lloyd has signed a space charter agreement with the members of the 2M Alliance – Maersk and Mediterranean Shipping Company (MSC). Under the arrangement, the space charter deal will give Hapag-Lloyd access to selected services of 2...

January 12, 2020 No Responses

Firm Secures Contract For Another FPSO Vessel

Japanese FPSO supplier, MODEC has signed a contract with Woodside Energy to supply a Floating Production Storage and Offloading (FPSO) vessel for Senegal’s first offshore oil development project. MODEC currently operates three FPSOs in Ghana and Côte ...