Shipping Archives — Page 2 of 13

October 11, 2023 No Responses

Chamber Of Shipping Rolls Out Data Collection System

The International Chamber of Shipping (ICS) has launched a Carbon Intensity Indicator (CII) Data Collection System. CII is a rating system developed by the International Maritime Organization (IMO) to measure the energy efficiency of ships, above 5,000 gross tonnage and...

September 27, 2023 No Responses

Shipping Firms Join Liquefied Hydrogen Supply Chain

Shipping companies Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK) have joined JSE Ocean, a subsidiary of Japan Suiso Energy (JSE), with JSE remaining the majority shareholder with 50.2% of the stock, whilst...

September 12, 2023 No Responses

Egypt, Ghana, Rwanda, Others Back Carbon Levy On Shipping

A coalition of 20 African nations has thrown their weight behind the Nairobi Declaration, advocating for a global carbon levy on shipping. The declaration was adopted at the Africa Climate Summit held in Nairobi last week, and it calls for...

August 24, 2023 No Responses

NSML Rebrands As NLNG Shipping And Marine Services Limited

Key player in the maritime industry, NLNG Ship Management Limited (NSML) has officially announced its name change to NLNG Shipping and Marine Services Limited. According to the company, “this strategic move reflects the company’s evolving business focus an...

August 23, 2023 No Responses

NCDMB Partners Stoilic Shipping On Sea-Time, GOC Scholarship For 10 Cadets

The Executive Secretary of Nigeria Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has commended the Management of Stoilic Shipping Limited for its commitment to growing indigenous Capacity for the Nigerian maritime sector. Wabote, &...

August 9, 2023 No Responses

MSC Makes Fresh Order For Ten LNG-Powered Containerships

The world’s largest container shipping firm MSC has returned to Chinese shipbuilder Zhoushan Changhong International Shipyard with an order for an additional ten LNG-powered containerships. The deal will see Zhoushan Changhong International Shipyard build te...

July 27, 2023 No Responses

Four Contenders Join Race For HMM’s $3.9b Privatization

Four bidders have thrown their hats in the ring for the privatization of HMM, Korea’s largest shipping company, as the government seeks to divest a controlling stake valued at 5 trillion won ($3.9 billion). HMM Co Ltd, formerly Hyundai Merchant...

July 27, 2023 No Responses

EU Adopts Final Rules On Regulating Shipping’s Climate Impact

The Council of the European Union has adopted the final rules on climate-neutral shipping as proposed in the FuelEU Maritime as a key part of the EU’s Fit for 55 package. World Maritime report that the final hurdle has been...

July 23, 2023 No Responses

Bidding Begins For South Korea’s Flagship Carrier

The bidding process for the privatization of South Korea’s flagship carrier HMM has been launched in South Korea. The move was confirmed by HMM in a regulatory filing saying that the company’s largest shareholders, government-run banks, Korea Development B...

July 13, 2023 No Responses

Evergreen Confirms $5b Deal For 24 Methanol-Fueled Ships

Taiwanese container shipping major, Evergreen Marine has sealed the order for twenty-four methanol dual-fuel containerships in a monumental step toward decarbonizing its fleet. World Maritime News report that the construction deal has been div...

July 11, 2023 No Responses

Sustainable Shipping: UK Pledges $43m

The UK Government has committed £34 million ($43 million) of funding, which is part of the Clean Maritime Demonstration Competition (CMDC), for new technologies that will help decarbonise shipping. World Maritime News report that the competition loo...

July 1, 2023 No Responses

Maersk, CMA CGM, Evergreen Stake $5b On 44 Ships

The container shipping market is bustling with activity as container shipping giants Maersk, Evergreen, and CMA CGM collectively place orders for up to 44 containerships, valued at over $5 billion. World Maritime News report that Evergreen has emerged as ...

June 30, 2023 No Responses

Lekki Deep Seaport Receives First Transshipment Vessel

Lekki Deep Seaport, on Thursday, announced the arrival of the first transshipment vessel to call at the container terminal of the port. In a statement, Lekki Deep Seaport explained that the vessel, Rimbaud, owned by CMA CGM shipping compan...

June 17, 2023 No Responses

APAPA PORT BERTHS LARGEST CONTAINER CARRIER IN ITS HISTORY

The Lagos Port Complex (LPC), Apapa, on Friday, 16th June, 2023 made history by its berthing of a 300m LOA vessel. NPA described the development as unprecedented and “a testament to the unwavering commitment of the Mohammed Bello Koko-l...