Africa
Drewry: Capesize Misery Continues
Drewry’s latest Dry Bulk Insight report shows that the Drewry Hire Index suffered a further decline in the first month of the New Year. The main culprit was the Capesize segment, where lower demand eventually led to a decline in their freight rates. The outlook for 2013 remains bleak, with unpromisi
Passengers Cabins Available Onboard World’s Largest Containership
CMA CGM, the world’s third largest container shipping Group and France’s leading, has announced that passengers cabins are now available on board the CMA CGM MARCO POLO, the world’s largest containership of 16 020 TEUs. This giant of the seas which has exceptional dimensions (longer than 396m) is th
Top News of the Week of Feb 18 – 23, 2013
Costa Concordia Salvage Operation: First Sea Bottom Platforms Installed On 9th February, at the periodic meeting of the Observatory with the Giglio community, president Maria Sargentini, accompanied by Costa Crociere managers, Rome La Sapienza University researchers and Titan/Micoperi Consortium exp
Top News of the Week Feb 18 – 23, 2013
Top News of the Week Feb 18 – 23, 2013
Top News – February 18 to 24, 2013
Nigeria: Sand Dredger Killed in Lagos Explosion An explosion under the Festac Link Bridge yesterday killed one person and left another seriously injured. Nigeria: Lagos Police Arrests Suspect for Explosion The Lagos State Police Command has arrested a man in connection with the explosion which occ
Chairman: Suez Canal is Backbone of National Economy (Egypt)
Chairman of the Suez Canal Authority Mohab Mamesh said yesterday that the people of Canal cities did not commit any hostile act against the Canal’s waterway or facilities. During the signing of a contract between Alexandria Port Authority and Timsah Shipbuilding Company – a subsidiary of the Suez Ca
Ground-Breaking ‘Perceptions’ Survey Reveals What Maritime Employees Really Think
The latest Maritime Employment Report from international specialist recruiter, Faststream, places a sharp focus on the gap that exists between perception and reality across the industry. Not surprisingly, seafarers seeking a shore career tend to focus on the traditional and more accessible roles suc
VIDEO: New 3D Dredging Software for “Pat M”
This video shows the new state of the art dredging software used by the backhoe dredger PAT M. This content is available after accepting the cookies. Change cookie-settings View on Youtube. Amazing fast 3D graphics and perfect control, remote access and viewing from the office via the internet. [map
Bowleven IM-5 Well Encounters Hydrocarbons (Cameroon)
Bowleven, the Africa focused oil and gas exploration group traded on AIM, has announced that the IM-5 well drilling offshore Cameroon has now reached the Middle Isongo primary objective of the well and has encountered liquids-rich hydrocarbon-bearing pay in both this and the Intra Isongo reservoir o
VIDEO: Ice Class 3D/4D Seismic Vessel by ULSTEIN
Polarcus Amani is an ultra-modern, super high ice class, 12-14 streamer 3D/4D seismic vessel. Built to the ULSTEIN SX134 design and incorporating the innovative ULSTEIN X-BOW® hull, the vessel combines the latest developments in maritime systems with the most advanced seismic technology commercially
Drewry: Market Improves as Orderbook Shrinks
Drewry’s latest Chemical Forecaster report highlights a significant change in the orderbook. Persistent fleet expansion far in excess of trade growth has persistently eroded utilisation rates, checked only by scrapping. The only good news is that current market conditions are making it harder to get
Nigeria: Lagos Police Arrests Suspect for Explosion
The Lagos State Police Command has arrested a man in connection with the explosion which occurred on Miracle Sand Beach under the Amuwo Odofin Link Bridge resulting in the death of the chairman of the Sand Dredgers Association, Oladele Pius. The suspect, it was learnt, was arrested on Wednesday at t