August 8, 2018 / by Kuukua Bentil / Maritime Industry / 0 comments
After a pattern of divergence at the start of the year, July saw a modest realignment between charter and freight markets in the container shipping sector, the research and consultancy firm Maritime Strategies International (MSI) said. Following an impressive run since the end of 2017, time charter earnings have levelled off in recent weeks, a slowdown that […]
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Kenya to Revive National Shipping Line in Partnership With MSC
August 16, 2018 / by Sherritta Ablah-Wetsi / Maritime Industry / 0 comments
Ungureanu Catalina Oana / Shutterstock Kenya plans to revive a state-owned shipping line with the help of the Mediterranean Shipping Co., President Uhuru Kenyatta said. The Kenya National Shipping Line, which was established in 1987 and stagnated after years of mismanagement, is “expected to once again become an active participant in international seaborne trade, which […]
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TEMA CHAMBER OF COMMERCE HOLDS 3RD BI-MONTHLY MEETING
August 15, 2018 / by Sherritta Ablah-Wetsi / Maritime Industry / 0 comments
The Tema Chamber of Commerce has held its 3rd Bi Monthly Meeting to discuss the re-introduction of the Cargo Tracking Notes (CTN) and ways to surmount challenges confronting the modern entrepreneur. The Tema Chamber of Commerce uses its Bi-Monthly Meetings to address challenges, its members face in their operations. This time, issues discussed included the […]
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Port of Rotterdam: Bow Jubail Oil Spill Clean-Up Will Last until Mid-2019
August 10, 2018 / by Kuukua Bentil / Environment, Maritime Industry / 0 comments
The cleanup operation of the heavy-fuel oil that spilled from Odfjell’s chemical tanker Bow Jubail at the end of June is expected to last until the middle of 2019, according to the Port of Rotterdam Authority. The tanker vessel leaked over 200 tonnes of fuel oil in the port of Rotterdam following the collision that took […]
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Drewry: Reefer Trade Growth to Push Freight Rates Up
August 9, 2018 / by Kuukua Bentil / Maritime Industry / 0 comments
Despite moderating perishable seaborne trade growth, continued modal shift will sustain expansion in the containerised reefer trade and so support freight rate development, global shipping consultancy Drewry said. Containerised reefer traffic expanded by 8% in 2017, outpacing the growth in overall seaborne reefer trade. The growth was mainly driven by the continued shift of cargo from […]
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MSI: Container Charter Earnings Level Off in July
August 8, 2018 / by Kuukua Bentil / Maritime Industry / 0 comments
After a pattern of divergence at the start of the year, July saw a modest realignment between charter and freight markets in the container shipping sector, the research and consultancy firm Maritime Strategies International (MSI) said. Following an impressive run since the end of 2017, time charter earnings have levelled off in recent weeks, a slowdown that […]
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GPHA adjudged best port in Management Information Systems … West and Central Africa
August 7, 2018 / by Kuukua Bentil / Maritime Industry / 0 comments
The Ghana Ports and Harbours Authority, (GPHA) has been adjudged Best Port in Management Information Systems in the whole of West and Central Africa at the 4th Edition of the African Ports Awards. The Awards ceremony was held in Ghana as part of the Port Management Association of West and Central Africa’s 39th Council Meeting […]
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Ordeal of 57 Abandoned Ukrainian Seafarers Finally Over
August 6, 2018 / by Kuukua Bentil / Maritime Industry / 0 comments
Being a seafarer is all but an easy task and the fate of 57 Ukrainian seafarers that managed to return home after being left high and dry for over a year at sea proves that. The seafarers in question include 27 crew members of MV Mekong Spirit and MV Free Neptune, according to the Marine Transport Workers’ […]
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Drunken Master Suspected of Gross Negligence after Freighter Grounds off Sweden
August 6, 2018 / by Kuukua Bentil / Maritime Industry / 0 comments
A freighter got grounded on a sandbank off the Swedish coast, just two days after the salvage operation of the stricken car carrier Makassar Highway was completed. The general cargo vessel has been identified as 2012-built BBC Lagos, registered in Antigua Barbuda. The ship ran hard aground south of Helsinborg harbor, Sweden, on August 3. […]
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Drewry: Container Port Utilisation Levels Set to Rise
August 2, 2018 / by Kuukua Bentil / Maritime Industry / 0 comments
The medium-term outlook for global container port demand growth is positive thanks to strong underlying economic momentum across the world’s major economies. While there may be clouds on the horizon in the form of tariff and trade war fears, economic fundamentals are likely to win-out in the long run, global shipping consultancy Drewry said. “Against […]
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Why Ghana needs an integrated oil and gas port
July 27, 2018 / by Sherritta Ablah-Wetsi / Maritime Industry / 0 comments
Developing a workable integrated port services to support the country’s oil and gas industry is non-negotiable, if the promise of endless benefits in store for Ghana’s economic transformation beyond the oil revenue is anything to go by. There is evidence – effective port infrastructures have brought huge benefits particularly for host communities and cushioned the […]
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