Shipping Archives — Page 13 of 15

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 (EBITDA) were up...

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 ...

January 3, 2020 No Responses

Hyundai Secures $280m Orders For Two Ships

Hyundai Samho Heavy Industries, part of South Korea’s Hyundai Heavy Industries (HHI) Group, has received two new orders that have a combined worth of KRW 323.7 billion (USD 280.2 million). Under the first deal, the shipbuilder will build a very...

January 2, 2020 No Responses

Feeder Ship Operators Fault Amended Dockers’ Clause

European short-sea and feeder ship operators are challenging efforts by the International Transport Workers’ Federation (ITF) to redefine container lashing as a cargo handling activity in order to bring it under the control of unionized dockers. The redefini...

December 27, 2019 No Responses

South Africa Decries Slow Growth Of Ship Registry

The South African Maritime Safety Authority (SAMSA) is disappointed with the slow growth of the South African Ship Registry, ascribed partly to lack of common vision and understanding among state entities. “We started the year with enthusiasm, hoping that by...

November 25, 2019 No Responses

Maersk, Firm Seal Partnership On 11 New Ships

Danish tanker owner and operator Maersk Tankers is set to add eleven tankers to the fleet under its management, following an agreement with BP Shipping and ICBC Financial Leasing. The agreement involves three Suezmax, three MR and five Handy-sized vessels,...

November 18, 2019 No Responses

NPA Faults Usage Of Secured Anchorage Area

The crisis between Nigerian Ports Authority (NPA) and a group identified as Association of Professionals for Safety in Shipping in Nigeria (APOSSIN) has assumed a new dimension as NPA petitions relevant Federal Government agencies. Already, the managemen...

November 2, 2019 No Responses

Samsung Lays Keel For 174,000 cbm LNG Carrier

South Korean shipbuilder Samsung Heavy Industries has held a keel-laying ceremony for one of two 174,000 cbm LNG carriers ordered by LNG carrier owner and operator of GasLog. The keel-laying ceremony took place half a year after the ship started...

October 19, 2019 No Responses

Shipowners Seek Concrete Action On Gulf Of Guinea Piracy

European shipowners have expressed concern about piracy in the Gulf of Guinea, urging policymakers to undertake concrete action to protect shipping through the region. The latest International Maritime Bureau (IMB)’s Piracy & Armed Robbery Report demonst...

October 17, 2019 No Responses

Shippers’ Council Visits Paediatric Hospital, Donates Items

The Nigerian Shippers Council (NSC) on Wednesday donated Single Motor Hospital Beds and other goods to Asiya Bayero Paediatric Hospital in Kano. According to the Executive Secretary of the NSC, Mr Hassan Bello, the gesture was necessary in order to...

October 7, 2019 No Responses

Seaport Concludes Expansion, Ready For Larger Ships

The project to deepen the Nieuwe Waterweg waterway and the Botlek area at the Port of Rotterdam has been officially completed, allowing Europe’s largest port to accommodate ever-larger ocean-going vessels. One of the busiest waterways in the Netherlands has ...

September 9, 2019 No Responses

Firms Team Up On Intermodal LNG Shipping

Russian transportation and logistics company, Fesco has formed an intermodal LNG shipping partnership with China’s Best Ship Energy Management and Zhejiang Rui Neng Ocean Shipping. The company explained that the move would see the parties jointly develop int...

August 31, 2019 No Responses

COSCO Shipping Declares 5.4 Per Cent Increase In Throughput

Despite the ongoing trade war between China and the US, Hong Kong-based port operator COSCO Shipping Ports ended the first six months of this year with a total throughput rise of 5.4 percent year on year (yoy). The total container...