Africa
Gasol Posts Half Year Results (UK)
Gasol plc, the West African energy development company, announced interim results for the six months ended 30 September 2012. Highlights: Corporate objectives were further developed over the last six months; Board strengthened by the appointment of Cornelia Meyer as Non Executive Chairman; Joint ven
Baltic Shipping and Seatrade Start ‘Reefer Alliance’
Baltic Reefer Group Ltd. and the Seatrade group of companies are pleased to announce the establishment of a new joint venture that will operate under the name of “Reefer Alliance”. “Reefer Alliance” will start operating as of the 1st January 2013 and will bring together the marketing and sales of bo
Dana Gas Makes Two Natural Gas Discoveries in Egypt
Dana Gas PJSC, the Middle East’s first and largest regional private sector natural gas company, said that it has made two new onshore gas discoveries in the Nile Delta Basin of Egypt. Initial estimates indicate that together the two discoveries, known as Alyam-1 and Balsam-1, should increase the com
InterManager: Presidential End Year Address
Gerardo A. Borromeo, President and Kuba Szymanski, General Manager of InterManager issues the Presidential End Year Address as 2012 comes to a close. There is no doubt that the shipping industry continues to be challenged on a number of fronts given the prevailing global economic overhang. Shipping
Top News of The Week Dec. 24-29
1.Four Crew Members Kidnapped Off Nigeria Four crew members have been kidnapped off Nigeria’s coast from an Italian platform supply vessel. Armed pirates have attecked the vessel MV Asso Ventuno, operated by Naples-based Augusta Offshore, on Sunday evening about 40 miles (65 km) off the coast of Nig
NATO Shipping Centre: Weekly Piracy Update
All 22 hostages from the MV Iceberg 1 have now been released from pirate captivity. They had been held since the Iceberg 1 was pirated on 29 March 2010, a period of two years and nine months. The former hostages are now recovering from their ordeal and are receiving food and medical care. On 21 [&he
APM Terminals Apapa Named Best Terminal Operator of the Year in Nigeria
APM Terminals Apapa was named the winner of the 2012 Terminal Operator Award by the Maritime Reporters’ Association of Nigeria at their annual Maritime Excellence Awards ceremony. APM Terminals Apapa, which assumed operational control of the facility in 2006, is now the busiest container terminal in
Four Crew Members Kidnapped Off Nigeria
Four crew members have been kidnapped off Nigeria’s coast from an Italian platform supply vessel. Armed pirates have attecked the vessel MV Asso Ventuno, operated by Naples-based Augusta Offshore, on Sunday evening about 40 miles (65 km) off the coast of Nigeria’s Bayelsa state. “Pirates armed with
Pirates Kidnap Four Sailors Off Nigeria
Pirates have kidnapped four sailors off Nigeria’s coast from an Italian platform supply vessel, the International Maritime Bureau (IMB) has said. PSV Asso Ventuno, operated by Naples-based Augusta Offshore, was boarded on Sunday about 40 miles (65 km) off the coast of Nigeria’s Bayelsa state. “Pirat
Nigeria: CHEC Nabs Apapa Port Contract
On December 4, CHEC won the bid for the multi-purpose terminal project of Apapa Port on Greek Road, Nigeria, with a contract value of 78 million USD and a construction period of 20 months. Located in Apapa Port in Lagos State, Nigeria, with a terminal length of 580 meters, the project involves a con
IMB: Somali Pirates Release Crew of MV Iceberg 1
A vessel’s crew hijacked almost three years ago by Somali pirates has been freed, says the ICC International Maritime Bureau (IMB). After 1000 days in captivity the 22 remaining crew of the MV Iceberg 1 were freed as a result of a two-week operation by the Puntland Maritime Police Force (PMPF) in Ga
Sunbird Energy Acquires Interest in Ibhubesi Gas Project Offshore South Africa
Southern Africa gas explorer and developer Sunbird Energy announced that it has executed an agreement to acquire a 76% interest in the 870 Bcf (2C) Ibhubesi Gas Project offshore west coast South Africa for an initial purchase price of US$1.5 million. The acquisition, when completed, will provide Sun