Africa
Top News – March 10 to 16, 2014
Van Oord Nabs EUR 500 M Land Reclamation Contract (Kuwait) Van Oord has been awarded a land reclamation project in Kuwait. The client is the Kuwait National Petroleum Company (KNPC) and the contract value amounts to approximately EUR 500 million. IHC Merwede Launches Dredger ‘AL BAHAR’ C/D HUTA 12
Buddhist monk blesses TEN FPSO steel cutting ceremony
First steel for the TEN project Floating Production Storage and Offloading unit was cut this week in Thailand.
African Petroleum seeks arbitration over offshore blocks termination in Gambia
African Petroleum Corporation Limited has announced that its wholly owned subsidiary African Petroleum Gambia Limited has lodged Requests for Arbitration with the International Centre for the Settlement of Investment Disputes. The request is in relation to The Republic of The Gambia’s notification o
Port of Maputo: Development Plan for 2014 Includes Dredging (Mozambique)
Port of Maputo recorded significant results in infrastructure development as well as in cargo handling volumes in 2013 Last year was the year of investment in maritime operations with the purchase of a new pilot boat, a new tug boat and a multi–functional service boat. Planning for 2014 includes the
Island Offshore Secures Several New Contracts
In the last four months Island Offshore has secured new contracts, as well as extensions of existing contracts, worth close to 1 billion NOK (USD 167 million). “We are very pleased to have secured these new contracts, all with strategically important customers. We have an attractive fleet to offer t
Egypt: Officials to Form Committee for Suez Canal Development
Prime Minister Ibrahim Mehleb issued a decision No 377 for 2014 to form a ministerial committee for the Suez Canal Development Project. The committee will be headed by Prime Minister and include Ministers of Housing, Local Administration, Industry, Planning, Civil Aviation and Transport, as well as
Thoresen Further Expands Fleet with Supramax Ships
Thoresen Shipping, a wholly owned subsidiary of Thoresen Thai Agency (TTA), has added three more Supramax dry bulk ships to its fleet, taking the company’s capacity to more than 1.1 million deadweight tonnes. The three new young and efficient vessels grow Thoresen Shipping’s fleet to a total of 23 s
Port2Port Maritime Now Fully Certified
Port2Port Maritime Security Ltd. has been awarded full certification / accreditation for ISO 28000: ISO/PAS 28007. Following a rigorous validation process, Port2Port is independently certified through MSS Global via the UK Accreditation Service (UKAS), with full compliance to the new security manage
DNV GL Names New Regional Manager for UK and Southern Africa
Hari Vamadevan has been appointed as DNV GL’s regional manager for UK and Southern Africa as the company looks to establish itself as the leading technical advisor to the oil and gas industry. Vamadevan was previously DNV’s UK regional manager and the new role will see him head up 13 oil and gas rel
Allianz’s Study Analyzes Shipping Losses of Over 100 GT
Shipping losses continued their downward trend with 94 losses reported worldwide in 2013, coming in below 100 for only the second time in 12 years, according to Allianz Global Corporate & Specialty SE’s (AGCS) second annual Safety and Shipping Review 2014, which analyzes reported shipping losses of
DNV GL names regional manager for UK and Southern Africa
Hari Vamadevan has been appointed as DNV GL’s regional manager for UK and Southern Africa as the company looks to establish itself as the leading technical advisor to the oil and gas industry. Vamadevan was previously DNV’s UK regional manager and the new role will see him head up 13 oil and gas rel
Boskalis Achieves Record Net Profit of EUR 366 M
Royal Boskalis Westminster N.V. achieved revenue of EUR 3.5 billion in 2013 (2012: EUR 3.1 billion). Net profit rose sharply to EUR 366 million (2012: EUR 249 million), partly due to a number of extraordinary items amounting to EUR 97 million post tax. Boskalis intends to distribute a dividend of EU