Shipping Archives — Page 7 of 15

February 17, 2022 No Responses

NLNG Refutes Report On Alleged Illegal Shipment Of Oil, Demands Apology

The management of Nigeria Liquefied Natural Gas (NLNG) has described as false and malicious report of alleged illegal shipment of over $1billion oil to the United States and South American Countries. According to NLNG, the report published February 15th, 2022 is calculated...

January 19, 2022 No Responses

Price Fixing: 23 Shipping Firms To Pay $81m Fine

The antitrust regulator in South Korea has sanctioned 23 domestic and foreign container shipping companies for fixing maritime freight rates. On 18 January 2022, the Fair-Trade Commission (KFTC) said it has imposed a fine of KRW 96.2 billion (about $80.7...

January 16, 2022 No Responses

EU Blocks Hyundai, Daewoo Shipping Merger

The European Commission has adopted a decision to prohibit a mega-merger that would combine two South Korean shipbuilding companies, Hyundai Heavy Industries Holdings (HHIH) and Daewoo Shipbuilding & Marine Engineering (DSME). The merger between the two So...

January 15, 2022 No Responses

Again, Singapore Is World’s Leading Maritime City

Singapore has retained the number one spot in the Leading Maritime Cities (LMC) report conducted by Norwegian classification society DNV and Norwegian consultancy Menon Economics AS. The 2022 edition of the LMC report was launched on 13 Ja...

January 11, 2022 No Responses

UAE To Introduce Green Ship Recycling Regulations In 2022

The United Arab Emirates (UAE) is making progress with national ship recycling regulations that are expected to be unveiled during 2022. The move is said to be in line with UAE’s commitment to responsible ship recycling practices and comes at...

January 6, 2022 No Responses

MSC Dethrones Maersk As World’s Largest Ocean Carrier

Swiss container shipping company Mediterranean Shipping Company (MSC) is now the world’s largest ocean carrier by operated container vessel capacity, maritime consultancy Alphaliner said. On 5 January, MSC — the long-term number two — overtook Danish shi...

December 29, 2021 No Responses

World’s First Zero-Emission All-Electric Tanker Debuts

Japanese shipping company, Asahi Tanker has launched and named the first of its two next-generation all-electric tankers ordered in 2020. Named Asahi, the newbuild is scheduled to enter service in Tokyo Bay as a bunker vessel in March 2022.&nbs...

December 22, 2021 No Responses

Panama Canal Modifies Tolls For Passenger Ships

Starting from February 2022, the Panama Canal will modify its toll structure for passenger vessels. On December 15, 2021, following the recommendation from the ACP Board of Directors, the Cabinet Council of the Republic of Panama officially approved modif...

December 13, 2021 No Responses

Chevron Shipping commits To Emissions Reporting

Chevron Shipping Company, a California-based marine transportation unit of oil giant Chevron, has joined the Sea Cargo Charter, a global framework that establishes a common baseline for global traders to report on CO2 emission reductions of their shipping...

October 30, 2021 No Responses

Shippers To Improve Shipping Activities At Onne, Warri Ports

The Shipping Trade Practitioners Association of Nigeria (STPAON) has pledged to boost shipping activities at Cross River, Rivers, and Delta states, popularly known as the Eastern ports. The shipping ports are in Calabar, Onne and Warri, of the three respe...

October 22, 2021 No Responses

Freight Forwarders Threaten Strike Over Alleged Extortion By Shipping Firms

Freight forwarders in Nigeria have issued a threat to the down tool from the nation’s seaports in the next two weeks due to alleged extortion and high-handedness by shipping companies. The National Association of Government Approved Freight Forwarders (NA...

October 13, 2021 No Responses

Jime Inaugurates Committee To Tackle High Shipping Cost In Africa

The Executive Secretary and Chief Executive Officer, Nigerian Shippers Council (NSC), Emmanuel Jime, has inaugurated a committee of experts to help tackle high shipping cost within the Africa sub-region. Jime inaugurated the committee at the&...

October 7, 2021 No Responses

Reps Summon NNPC GMD Over Award Of Shipping Contract To Foreigner

The House of Representatives has summoned the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, over the alleged award of a coastal shipping contract to a foreign company. Legor Idagbor, the Chairman, House&nbsp...

September 16, 2021 No Responses

Maersk Acquires Portuguese Logistics Firm

Danish shipping giant A.P. Moller – Maersk has acquired HUUB, a Portuguese cloud-based logistics startup. World Maritime News reports on Wednesday that this is the company’s third acquisition this year within E-commerce logistics and it comes thr...