Samsung Heavy Industries Co., a local shipyard, unveiled its detailed self-restructuring program which centres on a…
Category: News
Greek port workers vow to continue strike over privatisation
Following the Greek government’s failure to reach an agreement with the Federation of Port Workers of…
Weather hampers Sewol salvage, operation to resume next week
Salvage teams are scheduled to continue their operations on the sunken Sewol ferry off South Korea’s southern coast next…
Cargo ship rescues sailors off New Zealand after two crew die in rigging accident
A Singapore-flagged containership has rescued three people from their battered yacht several hundred miles from New…
Korean banks hit hard by shipbuilding woes
After South Korea launched a KRW 11 trillion (USD 9.5 billion) worth fund for state-run banks,…
Leading 51 China yards take 96.5% of new orders in first five months
Fifty-one leading Chinese shipyards, mostly subsidiaries of the two state-owned shipbuilders China Shipbuilding Industry Corp (CSIC)…
Evergreen Marine gets 20-year extended lease of Panama’s Colon terminal
Taiwan’s Evergreen Marine Corp announced it has won an approval to extend its lease of the…
Navy recover vessel used by hijackers
Four months after pirates hijacked an oil tanker, MT MAXIMUS, the Nigerian Navy has recovered a…
Niger Delta Avengers threaten to sink ships
As militants step up their attacks on oil company installations in the Niger Delta, they have…
Lagos warns boat operators against blackmail
The Lagos State Waterways Authority (LASWA) has warned boat operators in the state against blackmailing the…
Niger Delta militancy: Reps propose supplementary bill to fund Navy equipment
The Chairman of the House Committee on the Nigerian Navy, Abdulsamad Dasuki on Wednesday urged the…
Nigeria lost billions of dollars to sharp practices in oil, gas in 2013- NEITI boss
The Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Waziri Adio, said Nigeria lost billions of…