World Maritime Archives — Page 9 of 11

July 15, 2019 No Responses

Singapore Maintains Position As World’s Top Shipping Location

Singapore has topped the 2019 Xinhua-Baltic International Shipping Centre Development (ISCD) Index for the sixth year running, the Baltic Exchange said. The index provides an independent ranking of the performance of the world’s largest cities that offer port and shipping...

July 5, 2019 No Responses

Firm Expands Partnership With Maersk, MSC

Israeli shipping company Zim Integrated Shipping Services (ZIM) has further expanded its strategic cooperation with the members of the 2M Alliance – Maersk and Mediterranean Shipping Company (MSC). Specifically, ZIM has now decided to boost ties with 2M on t...

June 5, 2019 No Responses

Dakuku In Norway, Seeks More Support For Africa’s Ocean Economy

Chairman of Association of African Maritime administrations (AAMA), Dr Dakuku Peterside has called on developed nations and corporate bodies to support Africa and other developing nations to build capacity and regulatory enforcement needed to maximize benefits...

May 24, 2019 No Responses

Ambassador, NIMASA Facilitate Release Of Nigerian Crew In Equatorial Guinea

The Nigerian-flagged vessel, MV CHARIS, which was attacked by unknown assailants on May 5 and subsequently rescued by the Spanish Navy and handed over to Equatorial Guinea, has been released. A statement issued by Isichei Osamgbi, Head, Corporate Communication...

May 12, 2019 No Responses

Firm Secures $297m Loan For Two LNG Carriers

Russian shipping company Sovcomflot (SCF Group) has signed a new USD 297 million limited recourse credit facility to finance its two next-generation LNG carriers. The financing deal, with a duration of up to ten years, was concluded with three international...

May 7, 2019 No Responses

Seaports, Dell Seal MoU On Digitalization Drive

Abu Dhabi Ports has signed a Memorandum of Understanding (MoU) with Dell Technologies with the aim of bringing technology-based concepts, solutions and services to the maritime industry. The MoU with Dell Technologies is designed to provide Abu Dhabi Ports wit...

May 5, 2019 No Responses

South Africa To Tackle IMO’s Delisting Action

The International Maritime Organization’s intentions to delist over 80 countries, including South Africa from its Standards of Training, Certification and Watchkeeping for Seafarers (STCW) whitelist has major implications for the country’s maritime sector....

May 3, 2019 No Responses

Second LNG Terminal Begins Operations In Bangladesh

Bangladesh has commissioned its second LNG terminal with the launch of operations of FSRU Summit LNG offshore Moheshkhali Island in the Bay of Bengal. According to Excelerate Energy, the FSRU completed commissioning of the LNG terminal, owned by Summit LNG...

April 23, 2019 No Responses

Samsung Secures Order For $970m FPSO Unit

South Korean shipbuilder, Samsung Heavy Industries (SHI) has received an order for the construction of a floating production, storage and offloading (FPSO) unit. The contract worth KRW 1.1 trillion (around USD 970 million) has been signed with an unnamed Asi...

March 31, 2019 No Responses

Shipping Firm Secures $407m Financing

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has decided to raise JPY 45 billion (USD 406.6 million) through a new subordinate loan. As informed, the loan proceeds will be used for the repayment of interest-bearing debts and capital expenditures...

March 27, 2019 No Responses

LNG Fueled Ferry Joins Brittany Network

French shipping company Brittany Ferries has confirmed the charter of a third brand new cruise-ferry to serve its long-haul routes. To be powered by LNG, the ship will be built at the AVIC Weihai Shipyard in China and is due...

March 25, 2019 No Responses

LNG Firm Seals 12 Months Charter Deal

UK-based Flex LNG has entered into a time-charter agreement with an international energy major for one of its LNG carriers. As announced by the company, the time charter period is for a firm period of 12 months and will start...

March 20, 2019 No Responses

NIMASA, Stakeholders Seal Service Level Agreement

The Federal Government has restated its commitment to prompt an effective service delivery, especially in its Ministries, Departments and Agencies (MDAs), saying it is an essential condition for economic development. President Muhammadu Buhari’s Specia...

March 19, 2019 No Responses

Shipping Firm Invests $55m In Scrubbers

Swedish tanker shipping company Stena Bulk has made a USD 55 million investment in scrubbers that will encompass sixteen of the company’s vessels. As World Maritime News already reported, ten of the company’s IMOIIMAX vessels and five Suezmaxes will be...