Shipping Archives — Page 8 of 15

August 30, 2021 No Responses

‘Piracy Decline To End War Risk Insurance, Reduce Shipping Cost‘

The Nigerian Maritime Administration and Safety Agency (NIMASA), says sustained reduction in reported cases of maritime crimes in Nigerian waters, will end regime of War Risk Insurance premium on Nigeria-bound cargoes. The Director General of NIMASA, Dr Bashir Jamoh, made...

July 14, 2021 No Responses

Shipping Firms To Tackle Oil Transfers At Sea

Top oil shipping companies say they have tightened operational guidelines and deployed technology to prevent accidental breaches of sanctions, as the countries hit by ever tougher restrictions fight back with elaborate strategies to dodge them.Washington ...

July 4, 2021 No Responses

NIMASA Introduces New Certificates Of Ship Registration

The Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced the issuance of new certificates of ship registration while simultaneously phasing out the old permits. A statement issued by Assistant Director, Edward Osagie explained ...

July 1, 2021 No Responses

Crewing Costs Rise Due To Vaccination Delays

Crewing costs are rising and crew shortages are beginning to be seen due to COVID-19 travel restrictions and vaccination delays, warns crewing agency Danica Crewing Services. “Not unexpectedly … when there is a shortage the cost goes up and we...

June 28, 2021 No Responses

Firm Extends Charter Period With COSCO For 17 Ships

Hong Kong-based containership owner Seaspan Corporation has forward fixed contracts, extending current lease terms for 17 containerships with China’s COSCO Shipping Line. The vessels were initially scheduled to conclude current charters with COSCO for a...

June 5, 2021 No Responses

US Bans Investment In China’s Shipbuilders

The Biden administration has banned U.S. investments in Chinese companies allegedly linked to China’s military, expanding hard-line policies introduced by the previous administration. The executive order bans American citizens from investing in some of...

May 19, 2021 No Responses

Shipping Firms Unveil New Agenda To Curb Piracy In Gulf Of Guinea

After more than 95% of sea kidnappings happened in the Gulf of Guinea in 2020, almost 100 shipping companies, organizations, and flag states have signed a new declaration calling for and to piracy in the Gulf of Guinea. The violence,...

May 13, 2021 No Responses

Egypt To Expand Suez Canal

Abdel Fattah al-Sisi, Egyptian President has approved the widening and deepening of the southern part of the Suez Canal, after the 20,000TEU container vessel Ever Given crippled the critical maritime artery recently. With a length of 400 meters and a...

May 4, 2021 No Responses

LNG Cargoes Diverted As COVID-19 Crisis Dampens Demand

Liquefied natural gas (LNG) cargoes are being diverted away from ports in India as surging coronavirus cases hamper domestic gas demand, trade and shipping sources said on Monday.Six LNG tankers diverted away from India since April 20, changing the destinati...