Shipping Archives — Page 15 of 15

March 23, 2018 No Responses

Initiative For Climate-Smart Shipping Debuts

Electromobility for Shipping is the name of a new collaboration between six actors with the aim to increase the electrification of shipping. Swedish ferry company Stena AB, the Swedish Shipowners’ Association, ABB Sweden AB, ABB Marine Oy, research institute RISE and...

March 13, 2018 No Responses

Daewoo Shipbuilding Posts $629.7 million Income In 2017

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has managed to improve its financial performance for the first time since 2011. The company recorded a net income of KRW 669.9 billion (USD 629.7 million) in 2017, compared to a...

December 21, 2017 No Responses

BIMCO: Dry Bulk Demand to Outstrip Supply in 2018

Next year promises to provide some breathing space for bulker owners as the dry bulk fleet is likely to grow at the slowest pace seen since 1999, according to BIMCO, which expects global demand to outstrip supply growth in 2018....

December 15, 2017 No Responses

Maersk Line Pulls out of Transpacific Stabilization Agreement

Danish container carrier, Maersk Line is withdrawing from the Transpacific Stabilization Agreement (TSA) this month as part of its commitments to regulatory authorities made in the context of the acquisition of Hamburg Süd. “In light of the commitments prov...

November 21, 2017 No Responses

Shipping firms allege blockage of channel by NLNG, petitions NPA

By citybusinessnews@yahoo.com – Shipping firms have appealed to the Managing Director of Nigerian Port Authority (NPA), Hadiza Bala Usman to intervene in the alleged blocking of channel by the Nigeria Liquefied Natural Gas (NLNG). In a petiti...

August 31, 2017 No Responses

NPA elevates Nasiru, Eze, Fawole, others to AGMs

The Management of Nigeria Ports Authority (NPA) has approved the elevation of some of its managers to the rank of Assistant General Manager (AGM), in line with its commitment towards operational efficiency. Amongst those list are Ibrahim Nasiru of the...

August 30, 2017 No Responses

COSCO Shipping records $26.3m profit in six months

COSCO Shipping International (Hong Kong) Limited witnessed a rise in its earnings during the first half of 2017, driven by long-awaited signs of recovery in the shipping industry. For the six months ended 30th June 2017, the group’s profit...

August 18, 2017 No Responses

Maersk CEO: For now, no reason to order new megaships

There is no incentive to order new ultra large containerships from a cost perspective right now, despite extremely low prices of newbuilding tonnage, Chief Executive Officer of A.P. Møller – Mærsk A/S,Søren Skou has said As highlighted by Skou, five ...

July 10, 2017 No Responses

Cosco to aquire OOIL for $6.3b, hits 400 vessels

Chinese shipping giant Cosco is set to buy its Hong Kong rival OOIL for $6.3bn (£4.9bn). The deal would make Cosco the world’s third biggest shipping company, with more than 400 vessels. OOIL’s majority owner has accepted the bid, though...

June 28, 2017 No Responses

New cyber attack goes global, hits Maersk

A cyber attack has shut down IT systems across multiple sites and business units owned by Danish transport and logistics major A.P. Moller – Maersk, the company confirmed earlier today. APM Terminals is said to be among the hit business units, with...

May 26, 2017 No Responses

Sifax Photo News

L-R: Mr. Olumuyiwa Akande, Corporate Affairs Manager, SIFAX Group; Mr. Mike Owope, Executive Director, Finance, SIFAX Group; Mr. Henry Ajoh, General Manager, SIFAX Shipping presenting the winning trophy to Apesin Babatunde, Captain, Sharp Shooters FC, Agbado, ...

April 28, 2017 No Responses

Maersk teams up with Microsoft on digitalization

Global transport and logistics powerhouse Maersk announced on Wednesday that it has joined forces with Microsoft Corp. on digitalization in a move targeting to “revolutionize supply-chain management and global trade.” Under the terms of the agreement, Mi...

November 18, 2016 No Responses

NISFCOE Photo News

The Chairperson, Shipowners’ Forum, Mrs. Margaret Onyema-Orakwusi delivering a goodwill message at the just concluded Nigeria Ship Finance Conference & Exhibition (NISFCOE 2016)