Africa
VAALCO: Production Starts from New Well at Avouma Field (Gabon)
VAALCO today announced it has successfully completed the new development well (EAVOM-3H) in the Avouma field, offshore Gabon. Production from this well commenced at a natural flow rate of approximately 3,000 gross barrels of oil per day (“BOPD”), rising to 4,000 gross BOPD once the Electrical Submer
IMB Advises Continued Vigilance as Maritime Piracy Attacks Decline
The International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) latest quarterly report on Piracy and Armed Robbery Against Ships recorded a total of 66 incidents worldwide in the first three months of 2013. This is down markedly from the 102 incidents reported for the correspondin
ACI’s Maximising African Port Capacity Summit Set for May
ACI’s 2nd Maximising African Port Capacity Summit (21, 22 and 23 May 2013, Durban, South Africa) will address the fundamental issues faced by African ports and terminals in order to present an efficient and attractive option to the shipping lines. The conference will explore terminal operations and
DNV Offers Shipowners Support to Make Its Vessels ‘LNG ready’
DNV now offers shipowners the support they need to make newbuilds and existing vessels ‘LNG ready’ with class approved designs, ready for later, simple retrofit of LNG technology. The service enables shipowners to make smart choices and minimal investments now in readiness for when LNG bunkering bec
Cairn Secures Cajun Express Rig for Drilling Off Morocco
Cairn announced it has secured a long term contract with Transocean for the “Cajun Express” drilling rig. The rig, which is on an initial one-year contract, will be used on Cairn’s planned multi-well frontier exploration programme in Senegal, Morocco and potentially other areas. Subject to obtaining
Tanzania, China Ink Port Development Deal
China is investing $10 billion to build a new port at Bagamoyo, a town northwest of Dar es Salaam, Tanzania’s capital city and improve infrastructure related to the port improvement and boost regional trade. The new port will be able to handle 20 million cargo containers a year. The current port fac
Decreasing Emissions of Black Carbon, Methane and Other Pollutants Makes Difference
With coastal areas bracing for rising sea levels, new research indicates that cutting emissions of certain pollutants can greatly slow sea level rise this century. Scientists found that reductions in four pollutants that cycle comparatively quickly through the atmosphere could temporarily forestall
Top News of the Week April 8 – 13, 2013
VIDEO: Global Marine Trends 2030 Report issued today at events in Singapore and London indicates strong growth for the maritime sector in the years up to 2030 and an even bigger role for China in the maritime world, as seaborne trade increases from 9 billion tonnes annually to between 19-24 billion
Top News of the Week April 8 – 13, 2013
Top News of the Week April 8 – 13, 2013
Top News – April 8 to 14, 2013
Van Oord: Dredger “Artemis” Commissioned (The Netherlands) Van Oord’s newest addition to its fleet, the self-propelled cutter suction dredger Artemis, will be moored in Rotterdam until 14 April 2013. Germany: Boskalis Wins Elbe River Dredging Contract Royal Boskalis Westminster N.V. (Boskalis) has
Gazprom, Egypt Consider Gas Cooperation
Garprom’s CEO Alexey Miller met with Mohamed Kamal Abdel Hamid, Egypt’s Minister of Petroleum and Mineral Resources in Moscow. “Taking part in the meeting on behalf of the Egyptian party were also Ahmed Soliman Mohamed Fawzy Soliman, Advisor to President for Major Projects, Alaa Mohamed Hamdi Kenavi
Drewry: Sigh of Relief for Suezmax Owners
Drewry’s latest Tanker Insight saw the Tanker Earnings Index jump by 69% as activity surged, lifting freight rates across all vessel segments. Chartering activity in the dirty tanker market remained buoyant as 77.9 million tonnes of crude were fixed for shipment, comfortably up on the 65.9 million t