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CMA CGM Group, which includes ocean carrier APL, has raised its emergency bunker surcharge (EBS) to $100 per teu for all deepsea cargo movements from 1 December. Introduced by the French carrier and a number of its peers on 1 June, in response to higher fuel prices, the controversial EBS was initially set by CMA…

Nine ocean carrier majors and terminal operators signed on Tuesday issued a formal statement of intent for a Memorandum of Understanding (MOU) to form a blockchain consortium. The consortium, named the Global Shipping Business Network (GSBN) includes CMA CGM, Cosco Shipping Lines, Evergreen Marine, OOCL, and Yang Ming; terminal operators DP World, Hutchison Ports, PSA…

A total of 156 incidents of piracy and armed robbery against ships were reported to the ICC International Maritime Bureau’s Piracy Reporting Centre in the first nine months of 2018 compared to 121 for the same period in 2017, the IMB said in its latest quarterly report. The 2018 figures can be further broken down…

The Chairman, Seaports Terminal Operators Association of Nigeria (STOAN), Princess Vicky Haastrup, has said the Presidential Executive Order on Ease of Doing Business at the ports has not yielded meaningful results, as agencies continue to frustrate businesses at the nation’s gateway. Haastrup, who is also the Executive Vice Chairman/Chief Executive Officer, ENL Consortium, in an…

Maersk Line is introducing instant booking confirmation for containers akin to a passenger booking an airline ticket online. In what is an industry first, Maersk will provide confirmation of a container booking in seconds compared to waiting times of up to two hours in the past. With the solution, Maersk customers get visibility of sailing…

French container shipping company CMA CGM is implementing low sulphur surcharge from/to the ports of Shanghai and Ningbo in China from November 15, 2018. The 0.5% sulphur limit has been applicable to the ports since October 1, 2018. According to CMA CGM, the move comes in an effort “to ensure the sustainability and reliability of…

When it comes to the future of its oil industry, Nigeria is looking miles out to sea. By early next year, the largest offshore production vessel ever delivered to Nigeria will start pumping crude from a deposit deep beneath the seabed, boosting the West African country’s oil output by about 10 percent. The project, viewed…

he Managing Director Nigerian Port Authority (NPA), Hadiza Bala Usman has reiterated the total commitment of the Authority to achieve the ISO 9001 & OHSAS 18001 certification and compliant especially in its Harbours Services, with a view to accelerating efficiency in the system. She has therefore issued a 90 (Ninety) day marching order to the…