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Monthly Archives: September 2016

NIMASA to utilise data for effective maritime regulation- Peterside

.Peterside rounds-off facility tour of NIMASA operation offices in Eastern Zone (TRADE NEWSWIRE): The maritime industry has been described as a data driven one which requires access to adequate information for its effective regulation and the implementation of relevant instruments, TRADE NEWSWIRE reports. According to a statement obtained by TRADE NEWSWIRE on Friday in Lagos from a World-renowned First-rate Public ...

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Nigeria: Ministry of transportation holds forum on infrastructure development, maintenance

(TRADE NEWSWIRE): The Federal Ministry of Transportation in collaboration with the Union of African Shippers’ Council (UASC) would on October 6th and 7th, 2016 organize a two-day sub-regional interactive forum on infrastructure development and maintenance, TRADE NEWSWIRE reports. According to a statement obtained by TRADE NEWSWIRE from the management of the Nigerian Shippers Council on Friday in Lagos, the Forum ...

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Germany’s Commerzbank cuts nearly 10,000 jobs

  Germany’s Commerzbank will cut more than a fifth of its workforce and suspend its dividend as it tackles the challenges of low interest rates, weak profits and the shift to online banking. Germany’s second biggest lender said on Thursday it plans to cut 9,600 of its 45,000 full-time positions, a more drastic move than the 10 per cent staff ...

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Japan signals end for $10 billion nuclear prototype

  Japan signalled on Wednesday it would scrap a costly prototype nuclear reactor that has operated for less than a year in more than two decades at a cost of 1 trillion yen ($9.84 billion). Tokyo believes it would be difficult to gain public support to spend several hundreds of billion yen to upgrade the Monju facility, which has been ...

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Dubai brokers ‘need government approval for property ads’

  The property brokers in Dubai, UAE, will need to get approval from the Real Estate Regulatory Agency (Rera) before issuing advertisements and social media campaigns under new rules, said a report. Currently, only registered brokers are allowed to advertise properties in Dubai, but the new rules add in an extra step whereby advertisements require approval, reported The National. A ...

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London to launch inquiry into foreign property ownership

  London’s mayor Sadiq Khan will launch an inquiry into foreign ownership of property in the British capital which has helped push up housing costs, the Guardian newspaper cited him as saying on Thursday. “It’s clear we need to better understand the different roles that overseas money plays in London’s housing market, the scale of what’s going on, and what ...

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Newcastle, Australia, to get Multi-User Cruise Terminal

Australia’s NSW Government as announced plans for a multi-user cruise terminal in Newcastle to support cruise tourism in the Hunter region. The A$12.7 million multi-purpose terminal will be 3,000 square meters and similar in scale to Sydney’s White Bay Terminal. It will replace a temporary marquee. The terminal will be built at the Channel Berth within the Port’s Carrington Precinct ...

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Norwegian Cruise Line Celebrates Fifty Years

Norwegian Cruise Line is celebrating 50 years of operation this year. On December 19, 1966, the M/S Sunward made her first voyage from Miami to the Caribbean signifying the birth of Norwegian Caribbean Lines. Now, as Norwegian Cruise Line, the group is a global cruise brand with 14 purpose-built ships sailing to more than 300 destinations worldwide. The cruise line ...

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Intoxication Led to Overboard Fatality

The Transportation Safety Board of Canada (TSB) determined that a passenger’s unsafe behavior and intoxication led to him falling overboard and drowning from the vessel Northern Spirit I in Toronto, Canada, in 2015. The investigation also found that the crew’s emergency response efforts were not coordinated.On June 13, 2015, the Northern Spirit I was on an evening cruise when security ...

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Record Cruise Season for New Zealand

New Zealand will welcome a record number of cruise ships to its shores this summer, including an unprecedented nine ships making their inaugural calls to the country. Among the visitors will be the largest ship to sail to New Zealand – Royal Caribbean’s 167,000 ton Ovation of the Seas, and the boutique Seabourn Encore, which will arrive in New Zealand ...

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