Presidency News

Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk, the presidency said in a statement on Sunday.The investment was secured during a meeting between President Bola Tinubu and Moller-Maersk Chairman Robert Maersk Uggla on the sidelines of a World Economic Forum meeting in Saudi Arabia."We believe in Nigeria, and we will invest $600 million in existing facilities and make the ports accommodating for bigger ships," the Nigerian presidency quoted Uggla as saying during the meeting.Nigeria has promised to revamp its ports…

Karin Orsel has been appointed the first female President ever in the history of the European Community Shipowners’ Associations (ECSA), starting on January 1, 2024 for a two-year term, with Mikki Koskinen joining as the new Vice-President. She succeeds Philippos Philis, who has held the position since January 2022.Commenting on her appointment, new ECSA President Karin Orsel said, “The strategic role of European shipping for the security of the Europe has come to the forefront.

Delegates at this year's U.N. COP28 climate summit are anxious to boost the world's climate change agenda with concrete plans for clamping down on the second-most prominent greenhouse gas – methane.While more than 150 countries have promised since 2021 to slash their methane emissions 30% from 2020 levels by 2030 under the U.S.- and EU-led Global Methane Pledge, few have detailed how they will achieve this.What is needed now is to turn those pledges into urgent action – with financial…

Richard Mueller, president and CEO of naval architecture and marine engineering firm NETSCo has been elected as president-elect of the Society of Naval Architects and Marine Engineers (SNAME) and is slated to ascend to the presidency in the subsequent year.With almost five decades of experience in the maritime industry, Mueller is a respected and accomplished professional in the field of naval architecture and marine engineering. He has been a member of SNAME for over 46 years and has been actively involved in several of the society's leadership activities.

Turkish authorities warned Russian counterparts after an incident involving a cargo ship in the Black sea which took place within international waters, Turkish presidency said in a post on X, formerly known as Twitter, on Thursday."Following the incident with the ship counterparts from Russia are warned in an appropriate way to avoid these kinds of attempts that will escalate tensions in the Black Sea," the presidency said.On Sunday, Russia said in a statement its Vasily Bykov patrol ship had fired automatic weapons on the Palau-flagged Sukru Okan vessel after the ship's captain failed to resp

South Africa's President Cyril Ramaphosa has appointed a panel to investigate U.S. allegations that a Russian ship had collected weapons from a naval base near Cape Town last year, the presidency said in a statement on Sunday.The U.S. ambassador to South Africa Reuben Brigety said on May 11 that he was confident that a Russian ship, which docked at a naval base in Simonstown in the Western Cape in December last year, took aboard weapons from South Africa. An allegation South Africa has since denied.

The United States envoy to South Africa said on Thursday he was confident that a Russian ship had picked up weapons in South Africa last year, in a possible breach of Pretoria's declared neutrality in the Ukraine conflict.The rand and South Africa's 2030 government bond extended losses after the U.S. assertion as currency traders said they were worried that South Africa could now face Western sanctions.The government is launching an independent inquiry led by a retired judge into the alleged arms shipment, the office of President Cyril Ramaphosa said in a statement.Earlier, Ramaphosa did not confirm or deny the shipment took place when an opposition leader asked him about it in parliament.The U.S.

The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska LNG project, a document showed, as the United States competes with Russia to ship natural gas from the Arctic to Asia.The Department of Energy approved Alaska Gasline Development Corp's (AGDC) project to export LNG to countries with which the United States does not have a free trade agreement.Backers of the roughly $39 billion project expect it to be operational by 2030 if it gets all the required permits.

Gabon's transport minister stepped down on Thursday, the presidency said, one week after more than 20 people were killed in a ferry accident that sparked outrage across the West African nation.The presidency's statement did not say why Brice Paillat handed in his notice.But it followed widespread calls for his resignation over the sinking of the Esther Miracle ferry close to the coastal village of Nyonie on March 9.The boat was carrying 161 passengers from Libreville to Port-Gentil…

Japan will stress the importance of investment in natural gas, liquefied natural gas as well as cleaner fuels such as hydrogen and ammonia during its presidency of the G7 this year, a source said, but would keep it clean to meet 2050 carbon neutral goal.Japan, president of the rich-country grouping for 2023, will hold a ministerial meeting on climate, energy and environment in the city of Sapporo on April 15-16, ahead of the main G7 summit in Hiroshima on May 19-21.Japan expects global energy markets to remain tight for years and it would "emphasise investment into natural gas…

European Union countries agreed to set price caps on Russian refined oil products to limit Moscow's funds for its invasion of Ukraine, the Swedish presidency of the EU said on Friday.EU diplomats said the price caps are $100 per barrel on products that trade at a premium to crude, principally diesel, and $45 per barrel for products that trade at a discount, such as fuel oil and naphtha. Ambassadors for the 27 EU countries agreed on the European Commission proposal,which will apply from Sunday.The price caps…

Jørgen Wisborg has been named chairman at Danish-headquartered transport and logistics group Blue Water, taking over from the company's founder and longtime head Kurt Skov.In September last year, Skov announced plans to find his successor, making it possible for him to slow down his work activities.Wisborg joins Blue Water after 17 years as managing director for the Danish energy company OK, where he stepped down last year to focus entirely on board positions. He holds several seats on boards in different companies…

French President Emmanuel Macron's chief of staff has been indicted by the national financial crimes prosecutor over a conflict of interest relating to his alleged links with Swiss-Italian shipping company MSC, the prosecutor's office said.Alexis Kohler, Macron's closest and most influential adviser, sits at the top of the Elysee Palace's administrative pyramid, and news of his indictment - a legal step that puts him under formal investigation in France - is a blow.The prosecutor's office "confirms Alexis Kohler…

Egypt's President Abdel Fattah al-Sisi has directed the government to cooperate with AP Moeller-Maersk to establish a network to produce and distribute green energy and clean fuels for ships, a presidency spokesperson said on Monday.Maersk Chief Executive Soren Skou discussed with Sisi during their meeting a project to produce clean fuel for ships with investments of $15 billion, the statement added.There were no immediate details on the mechanism of the cooperation.(Reuters - Reporting by Moataz Mohamed; Editing by Jan Harvey)

Catriona Savage, BMT’s Technical Assurance and Capability Director, has been names President of the Royal Institution of Naval Architects (RINA). She is the organization's first woman President.Savage, who is Honorary Professor at University College London Mechanical Engineering Department, takes over the RINA Presidency from Maurizio d’Amico who has served the institution over the last two years.Commenting on her presidency and vision for the future, Savage said, "I have been a member of RINA for over 25 years since I joined as a student at Southampton University.

As the Second Global Ocean Conference opens today in Lisbon, governments in Asia and the Pacific must seize the opportunity to enhance cooperation and solidarity to address a host of challenges that endanger what is a lifeline for millions of people in the region.If done right ocean action will also be climate action but this will require working in concert on a few fronts.First, we must invest in and support science and technology to produce key solutions. Strengthening science…

Russia and Turkey agreed to pursue talks on a potential safe sea corridor in the Black Sea to export grain from Ukraine after discussions in Moscow, the Russian and Turkish defense ministries said on Wednesday.In a statement, Turkey's defense ministry said a Turkish dry cargo vessel, the Azov Concord, had also safely left Mariupol as a result of the talks, and added the ship was the first foreign ship to leave the port since Russia invaded Ukraine on Feb. 24.Ukraine is one of the top global wheat suppliers, but shipments have been halted by Russia's invasion, causing global food shortages.

A dispute between Israel and Lebanon over their maritime boundary has obstructed energy exploration in the eastern Mediterranean and risks exacerbating tensions between two foes.After months of deadlock in U.S.-mediated talks, Beirut on Sunday warned against any activity in the disputed area, responding to the arrival of a vessel to develop a field for Israel. Lebanon has said the field in question, Karish, is in disputed waters. Israel denies this.Here's what you need to know about the standoff:WHAT'S AT STAKE?Gas - potentially a lot of it.Lebanon and Israel are located in the Levant Basin…

Lebanon said on Monday it would invite a U.S. mediator to Beirut to continue negotiations over a disputed maritime boundary with Israel to prevent any escalation after accusing Israel of encroaching on contested waters.The issue flared up on Sunday when a vessel operated by London-based Energean arrived off the coast to develop a gas field which Israel says is part of its exclusive economic zone but which Lebanon says falls within the contested waters.In Israel's first response to the Lebanese accusation…

Democratic Republic of Congo President Felix Tshisekedi on Monday launched the construction of the country's first deep-water port, a $1.2 billion project that has drawn criticism for being built on the edge of a protected wetlands.Banana Port, to be built by Dubai's port giant DP World, will border Congo's Mangrove Marine Park, a nature reserve that contains a variety of vulnerable or endangered plant and animal species.The port at Banana, a sandy spit of land at the mouth of Congo River, will process 322,000 containers per year, Congolese Minister of Industry Julien Paluku said on Twitter, p

Webb Institute announced on Wednesday that Mark Martecchini will become the 16th president in the school's history, effective July 1, 2022. Selected by a Webb Board of Trustee search committee Martecchini will succeed R. Keith Michel who has served as Webb’s president for the past nine years.Board of Trustees chair Bruce S. Rosenblatt, said, “[Martecchini] is a visionary leader who is passionate about the mission of Webb Institute and is committed to building upon our 130-year history of excellence in engineering education.” During a 38-year career with Stolt-Nielsen…

Egyptian President Abdel Fattah al-Sisi inaugurated a large naval base on Saturday 135 km from the border with Libya, flanked by close ally Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan and Libya's unity president,Egypt says the July 3 base will help it protect strategic and economic interests as well as helping guard against irregular migration as it boosts its naval presence on the Mediterranean and the Red Sea.At the inauguration, two Mistral helicopter carriers…

Lebanese President Michel Aoun said on Tuesday there should be no preconditions for talks with Israel over their Mediterranean border dispute, key to Lebanon's hopes to find gas reserves amid its worst economic crisis since its 1975-1990 civil war.Negotiations between the old foes were launched in October to try to resolve the dispute, which has held up exploration in the potentially gas-rich area, yet the talks have since stalled.A statement by the Lebanese presidency issued after the resumption of talks on Tuesday said the U.S.