Africa
New IFRS for Consolidated Accounts Could Raise Issues for Shipping
International accountant and shipping adviser Moore Stephens says shipping companies and their financiers could be among those affected by the introduction of the new International Financial Reporting Standard for consolidated financial statements. The new standard, IFRS 10, which deals with consoli
MV Hansa Brandenburg Safely Arrives in Port of St Louis (Mauritius)
Shipmanagement Company Leonhardt & Blumberg reported that its container vessel MV “Hansa Brandenburg” has safely berthed in the port of St Louis, Mauritius after required permission from the authorities. Currently preparations are being made to start discharging containers. “Hansa Brandenburg” suffe
GEPetrol Hires ‘Atwood Hunter’ Rig for Drilling Offshore E.Guinea
Atwood Oceanics, Inc. announced today that one of its subsidiaries has been awarded a drilling services contract by Guinea Ecuatorial De Petroleos “GEPetrol” for the semi-submersible rig Atwood Hunter. This contract is for a three well contract with a minimum term of ninety days and includes the pro
Experts Forge Ahead in Global Assessment of Micro-Plastics in Marine Environment
International experts have met in London to review the growing problems in the marine environment caused by micro-plastics – tiny pieces of plastic or fibres which may act as a pathway for persistent, bio-accumulating and toxic substances entering the food chain. The experts form a key working group
Pirates Anchor FV Naham 3 Close to Somali Shoreline
A helicopter from an EU Naval Force warship overflew the pirate controlled fishing vessel Naham 3, on Saturday 27 July, and was able to confirm that the fishing vessel had become detached from the sunken MV Albedo and was steaming north along the Somali coast under her own power. Latest photographs
Ophir Finds Gas at Mkizi Well, Tanzania
Ophir Energy plc announces the successful results of the Mkizi-1 well in Block 1, Tanzania which has resulted in a new gas discovery. Ophir holds 40% of Blocks 1, 3 and 4. BG Group operates with 60%. Successful Mkizi-1 well The Mkizi-1 well was drilled by the Deepsea Metro I drillship and was locate
Overcapacity Remains Concern in Shipping
As the container shipping industry recuperates from a challenging market environment, concerns still abound over the looming overcapacity as more new vessels are expected to come on stream in the next two to three years. CMA CGM group senior vice-president for Asia Europe lines Nicolas Sartini told
Nigeria LNG Lifts Force Majeure on Exports
NLNG of Nigeria said it has has lifted a force majeure on gas exports, after the Nigerian Maritime Administration and Safety Agency (NIMASA) ended a blockade on NLNG’s ships over a tax dispute. “Nigeria LNG lifted the force majeure declaration made to its buyers and gas suppliers, after it lost all
Officials Inspect Kakum River Dredging Activities (Ghana)
Vice President Kwesi Bekoe Amissah-Arthur at the weekend visited the Kwaprow community to inspect progress of work on the dredging of the Kakum River. The visit was a sequel to a similar one last year during which he sympathized with the people on a flood that affected the area, which claimed houses
Circle Oil Buys Remaining 30 Pct in Tunisian Mahdia Area
Circle Oil Plc, through its wholly owned subsidiary Circle Oil Tunisia Limited, has reached an agreement with Tethys Oil and Mining Inc to acquire the remaining 30% working interest in the offshore Mahdia exploration licence area in Tunisia. Under the terms of the agreement Circle Tunisia will, subj
Ophir: Gas Discovered at Mkizi, Tanzania
Ophir Energy plc announced the successful results of the Mkizi-1 well in Block 1, Tanzania which has resulted in a new gas discovery. Ophir holds 40% of Blocks 1, 3 and 4. BG Group operates with 60%. The Mkizi-1 well was drilled by the Deepsea Metro I drillship and was located in 1,301m water depth,
APM Terminals Dominant in Productivity Rankings
A recently released JOC Group study based upon five years of data collected from 600 terminals at 400 ports and 17 global shipping lines representing 70% of the global liner fleet and over 100,000 port calls, has ranked APM Terminals Yokohama first globally in productivity. APM Terminals Yokohama, w