World Maritime Archives — Page 5 of 11

July 4, 2020 No Responses

Five Crew Members Kidnapped In Cotonou

Five crew members of a general cargo ship Kota Budi have been kidnapped by armed men off Cotonou, Benin, Dryad Global said citing a high confidence source. The kidnapped crew, including the master, are all Chinese nationals. The multipurpose vessel,...

July 1, 2020 No Responses

LNG Tanker Collides With Car Carrier

A brand new LNG vessel owned by TMS Cardiff Gas has collided with Cido Shipping’s car carrier offshore Belgium’s Oostende. The 174,000-cbm Amberjack LNG and Grand Venus were in a “minor” collision on June 28 some 25 kilometers offshore the...

June 19, 2020 No Responses

Maersk Targets Over $1.5b Earnings In Q2

Danish shipping major A.P. Møller – Mærsk A/S has revealed that it expects an EBITDA before restructuring and integration costs for Q2 2020 slightly above the level for Q1 2020 ($ 1.5bn). The forecast is being upgraded based as demand...

June 10, 2020 No Responses

Another Seafarer Tests Positive For COVID-19

Another crew member of MV Montpellier, a containership chartered by German shipping major Hapag-Lloyd, has tested positive for coronavirus in South Africa. As a result, the vessel will have to remain in quarantine at anchorage and will not be able to...

June 9, 2020 No Responses

CMA CGM Declares $48m Income In Q1

Despite challenges caused by the coronavirus pandemic, French container shipping major CMA CGM closed the first quarter of this year with a positive net result. The company saw a net income of $48 million in Q1 2020, an increase of...

June 8, 2020 No Responses

Piracy: Nigeria Hands Over Vessel, Crew To Ghana

The Nigerian Government has handed over the fishing vessel Marine 707 suspected to be carrying out illegal activities in the Gulf of Guinea to the Ghanian authorities for further investigation and possible prosecution. A statement issued by Ph...

June 2, 2020 No Responses

Firms Seal $19.2b LNG Shipbuilding Deal

Qatar Petroleum has inked three deals with South Korean shipbuilders reserving slots for its LNG tanker fleet expansion valued over $19 billion. Qatari giant said on Monday it has signed deals to reserve LNG ship construction capacity in South Korea...

May 22, 2020 No Responses

Covid-19: Seaport Lay Off Entire Personnel

The Port of Helsinki will temporarily dismiss its entire personnel due to the impact of the coronavirus pandemic and related travel restrictions on the port’s business. “Because of this, we have been forced to start extensive cost reductions. As a...

May 20, 2020 No Responses

Cosco Shipping, Firm Seal LNG Deals

Chinese shipbuilder, Cosco Shipping Heavy Industry has signed LNG cooperation agreements with compatriot Hudong-Zhonghua Shipbuilding and France’s GTT. Under the deal with Hudong-Zhonghua signed on Tuesday, the two shipbuilders aim to join forces in the fiel...

May 7, 2020 No Responses

Seaport Secures $500m Loan

The Port of Long Beach has secured a $500 million loan from the U.S. Government to help finance a massive infrastructural project aimed at allowing larger ships to enter the port. “This $500 million federal investment reflects the President’s continued...

May 4, 2020 No Responses

CRFFN To Freight Forwarders: Don’t Embark On Strike

The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) on Sunday in Lagos urged freight forwarders to suspend their strike. The appeal is contained in a letter by Mr Sam Nwakohu, Registrar/Chief Executive Officer of CRFFN, to heads...

May 1, 2020 No Responses

Singapore Unveils $27m Maritime Support Package

The Maritime and Port Authority of Singapore (MPA) revealed it would provide further financial support to the maritime industry in the wake of the global COVID-19 outbreak. As informed, the MaritimeSG Together Package will take effect from 1 May 2020....

April 28, 2020 No Responses

Seaport Authorities Vow To Sustain Trade

Twenty port authorities from different parts of the world on Monday signed a declaration calling for collaboration and sharing of best practices in ensuring port operations remain open to trade as part of the global efforts to fight the COVID-19...

April 27, 2020 No Responses

COVID-19: Terminal Operator Rolls-Out Digital Platforms

Dubai-based terminal operator, DP World has launched a plethora of online logistics tools and services enabling businesses to book shipments of cargo by any combination of sea, land, and air.The company said the roll-out of the platforms was sped up...