Shipping – Page 13 – City Business News

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 navigate the...

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 ...

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...