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China Revises White List, Adds Six Shipbuilders

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  • As GOGL Expands Fleet with Dry Bulk Pair

Another six shipbuilders are set to enjoy financial support from China in the forthcoming period as they have been added to the country’s White List of shipbuilders, the Ministry of Industry and Information Technology informed.

The shipbuilders in question are the Huatai Heavy industry (Nantong), Jiangsu Dajin Heavy Industry, Tsuneishi Group (Zhoushan) Shipbuilding, Zhejiang Xinle Shipbuilding, Fujian Changxing Shipbuilding Heavy Industry, and Shanghai Zhenhua Heavy Industry.

Additionally, after conducting a review of the assessment of the enterprises already on the list, the Chinese authorities decided to remove seven shipbuilders from the list. These include Dalian Liaoning Shipyard, Nantong Mingde Heavy Industry, Jiangsu Eastern Marine Equipment, Jiangsu Rongsheng Heavy Industries, Zhejiang Shipbuilding, Zhejiang Zhenghe Shipbuilding and Qingdao Yangfan.

Following these changes, China’s White List includes a total of 70 shipbuilders.

In late 2016, Clarksons Research informed that China introduced a set of revised criteria for its White List of domestic shipyards, under which builders can be dropped from the list if they suspend production or declare bankruptcy, merge with or be acquired by other yards, fail to win a new order and deliver a vessel over a two year period, or fail to deliver a ship, receive a contract, and have no units under construction over a one year period.

Furthermore, Clarksons Research added that the White List could be shortened to 59 yards taking into account the yards which have declared bankruptcy and merged with others.

The list was introduced in 2013 by the Chinese government, as an additional incentive for shipyards which comply with the country’s requirements in areas such as ship emissions, offering the rule-abiding shipyards benefits such as tax rebates and bank credits.

The first batch of shipyard names was released in September 2014 and included some 50 companies.

Meanwhile, dry bulk shipping company Golden Ocean Group Limited (GOGL) has taken delivery of the first two dry bulkers from the batch ordered in March this year.

The vessels in question are 2013-built Q Sue and 2014-built Q Kaki, which will now be renamed Golden Sue and Golden Kaki.

The batch is comprised of 16 dry bulk vessels which were agreed to be acquired in the form of an all-share transaction where the company would issue in aggregate 17.8 million consideration shares and assume debt of USD 285.2 million.

Of the 16 vessels to be acquired, 14 will be acquired from subsidiaries of Quintana Shipping, and two ice class Panamax vessels will be acquired from subsidiaries of Seatankers, an affiliate of Hemen Holding, the company’s largest shareholder.

To that end, Golden Ocean said that it has issued 1.6 million consideration shares to Quintana Shipping and associated companies in exchange for the two vessels.

Following this transaction, the company’s issued share capital is USD 5,843,649.6 divided into 116,872,992 issued shares, each with a nominal value of USD 0.05.

The acquired vessels’ average age is four years in line with GOGL’s rest of the fleet. The acquisition comes at a time of very favorable prices of second-hand vessels enticing many owners to venture into fleet expansion.

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NPA: Dantsoho Pledges To Reposition For Increased Productivity, Efficiency, And Revenue Generation

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… Assures timely payment of emoluments, compensations, training and capacity development

Groomed through the ranks and thus, better informed, the new Managing Director/ Chief Executive Officer of the Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho has pledged to reposition the Authority for increased productivity, greater operational efficiency and increased revenue generation.

Dantsoho pledged during the handover ceremony which took place at the conference room Headquarters, Marina Lagos. He has since resumed duty at the Headquarters in Marina.

 “As we match towards this great journey, I wish to state that our main goal is to reposition the Nigerian Ports Authority for increased productivity and greater efficiency for increased revenue generation”, Dr Dantsoho said, expressing his deep appreciation to President Bola Ahmed Tinubu, for the opportunity given to him to be the 29th Managing Director of NPA.

The Chief Executive Officer of the nation’s Seaports affirmed his commitment to ensuring that the Nigerian Ports compete favourably with neighbouring ports, especially in areas of Port operations.

 This he stated would be achieved through the robust exhibition of the overall commitment and collaboration to achieving success.

Speaking like an administrator who truly feels the pains of staff neglect, Dantsoho stressed that he is committed to improving the welfare of the workforce through the timely payment of emoluments, compensations, training and capacity development especially for employees who show added value in their areas of deployment.

The NPA Boss promised to continue with the digital transformation of the Authority and the Port Community system which are key to blocking leakages and corruption while promising to explore ways of further improving Port infrastructural renewal. 

‘’In particular, we shall drive port rehabilitation and modernisation. We shall pay attention to logistics that surround the arrival of cargo to the port corridor, loading of ships and other things that surround berthing of cargos,’’ he said, assuring that he would further tap into the benefits of the Deep Seaport corridor as well as promote the ideals of Transparency for Ease of Doing Business. 

In the area of collaboration with sister agencies, Dr. Abubakar stated that he would maintain an open door for communication and collaboration with sister agencies and all relevant stakeholders.

He equally congratulated the former Managing Director, Mohammed Bello Koko and his team, for their invaluable contributions to the industry. 

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Echoes from CGC Adeniyi Reactivates CMAA With US Customs & Border Protection

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Bilateral Boost: CGC Adeniyi Reactivates CMAA With US Customs & Border Protection

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Bilateral Boost: CGC Adeniyi Reactivates CMAA With US Customs & Border Protection

…To effectively enhance national security, Better Service Delivery through Global Partnerships

The Comptroller-General of Customs (CGC) Bashir Adewale Adeniyi, On Thursday, July 18, 2024, took a significant step in strengthening global partnerships by participating in a bilateral meeting with U.S. Customs and Border Protection (CBP) in Washington, D.C. 

Determined to revive the over-a-decade-old Customs Mutual Assistance Agreement (CMAA) and subsequently enhance national security service delivery through global collaborations and data-driven decision-making, the Comptroller General of Customs CGC, Adewale Adeniyi last week participated in a bilateral meeting with U.S. Customs and Border Protection (CBP) in Washington, D.C. 

The gains of the meeting which was held Thursday, July 18, 2024, aside from offering a significant step in strengthening global partnerships, will also help Nigeria address the challenges of cross-border crimes, particularly drug trafficking, arms smuggling, and money laundering, each of which dovetails on boosting national security. 

“Reviving the CMAA will bolster the Nigeria Customs Service’s capacity to protect the nation’s borders and enhance service delivery, paving the way for a more secure and prosperous future for all Nigerians”, the CGC, Adeniyi emphasized, highlighting the successful interception of illegal items, which includes drugs and weapons, at major ports and airports in Nigeria. 

Also Read: Echoes from CGC Adeniyi Reactivates CMAA With US Customs & Border Protection

He then stressed the need for increased capacity building to tackle Intellectual Property Rights (IPR) enforcement and opiate issues. 

“Our efforts at the ports and airports have yielded significant results, but there is still much to be done in capacity building and enforcement,” the highly informed Customs Arrowhead said.

Adeniyi underscored the importance of a  Center for Advanced Cargo and Passenger Data Analysis to mitigate risks; and the need for such a centre to enhance cargo and passenger security, while pointing out the success of prosecuting wildlife criminals.  

Additionally, he advocated for an advanced Command and Control Centre (3C) to address security concerns.

 “A dedicated targeting data fusion centre will significantly improve our ability to manage risks and enhance security measures,” Adeniyi explained, adding: 

 

“By customising our approaches and collaborating globally, we can address the complexities of air cargo security more effectively,” he remarked.

The meeting diligently covered the challenges of commercial air cargo security and potential partnerships with U.S. government agencies.

Adeniyi highlighted the importance of future operations, including CBP’s global targeting advisory directors and their capabilities in information sharing on cargo and passenger sides.

In his reaction, James Collins, Assistant Commissioner of the Office of International Affairs at U.S. Customs and Border Protection, emphasised data integration, partnerships, and targeted efforts to address transnational criminal groups exploiting seams and boundaries. 

“Integration of data and international cooperation is crucial in countering transnational threats”, James Collins stated and highlighted the importance of collaboration and information sharing in border security and intelligence gathering. 

He stressed the need for investing in capacity building, train-the-trainer programs, and targeted training to address gaps in border security.

 Collins stressed the need for secure channels for sharing intelligence and building partnerships with international organisations to sustain efforts in combating illicit trade and traffic. 

“Continuous training and secure intelligence sharing are vital to our success in maintaining border security,” Collins also noted.

Key action items identified include establishing specific channels for continued intelligence sharing between Nigeria Customs and CBP, exploring operational partnerships between Nigeria Customs units and networks like CBP to coordinate cross-border responses, leveraging INTERPOL programs and collaborating with other West and Central African countries on transnational crimes.

The meeting concluded with a presentation on Artificial Intelligence by Sunil Madhugri from the Office of Information and Technology, U.S. Customs and Border Protection, highlighting the future of technology in enhancing customs operations and security.

 “Artificial intelligence will play a pivotal role in our strategy to modernise and secure our borders,” Madhugri said.

In a related event, CGC Bashir Adewale Adeniyi visited the Nigerian Embassy in the USA, where he was received by Mr. Rabiu Lawal, Charge d’Affaires a.i, and his team.

 The CGC appreciated them for their warm reception and their tireless efforts for all the Nigerians in the diaspora.

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