Africa
Carrier Reliability Up in May
Carriers’ overall on-time schedule reliability improved 4.7%, increasing from 58.6% in April 2017 to 63.3% in May 2017, according to the latest data provided by intelligence provider CargoSmart. Regarding schedule reliability by trade, 10 of the 12 trades improved from April 2017 to May 2017. The tr
MainOne’s Subsea Cable Experiences Fault
MainOne, a West African telecom services provider, has experienced a fault on its submarine cable system, 3000km offshore Portugal. The outage, the first of its kind since the cable system came into operations, has caused disruptions in service to the international connectivity customers in West Afr
Fitch: Capacity Cuts Crucial in Container Shipping Recovery
Despite a modest increase in freight rates seen in 2017, a sustainable recovery in the container shipping market would be possible only by reaching a viable supply-demand balance through capacity cuts, Fitch Ratings said. Container transport volumes outstripped capacity growth in 2016 for the first
OTE appoints OTEC sustainability advisor
Ocean Thermal Energy Corporation (OTE) has appointed Thomas Kostigen to its advisory board in the role of Senior Sustainability Advisor.
FAR’s Senegal claim has no merit, Woodside says
Woodside has informed that Senegal’s Minister of Energy and the Development of Renewable Energy has issued a ministerial order “which provides further confirmation” of Woodside’s participation in the joint venture developing the giant SNE oil discovery offshore Senegal. Woodside last year bought a s
Ocean Installer in SURF work off Libya
Ocean Installer, Norway’s subsea installation specialist, has been awarded a SURF (subsea, umbilicals, risers, flowlines) project at the Al Jurf oil field in the Mediterranean. The company said on Tuesday that the contract was awarded by Mabruk Oil Operations, a joint venture (JV) between Total E&P
Freeport of Monrovia Dredging Work Wrapped Up
The National Port Authority of Liberia (NPA) completed the Freeport of Monrovia dredging program on June 16, 2017, according to the local media. As a result of this dredging work, the port depth has increased to 13.5 meters in most places and 14.5 meters in other areas, eliminating the need for draf
FAR in arbitration with ConocoPhillips over Senegal assets sale
Australian oil and gas company FAR Limited has started arbitration to resolve a dispute related to ConocoPhillips’ sale of interest in acreage off Senegal, which contains the SNE discovery, to Woodside. The oil company informed on Tuesday it has made a request to the International Chamber of Commerc
Barakah to Decommission Chinguetti and Banda Fields
Barakah Offshore Petroleum’s wholly-owned subsidiary, PBJV Group, has received a Letter of Award from Samling Resources for the abandonment and decommissioning of Chinguetti and Banda fields, offshore Mauritania. The scope of the contract covers the provision of well intervention vessel (WIV), platf
Global map of OTEC plants comes to light
Ocean Energy Systems (OES) has published a map that shows the present status and plans for ocean thermal energy conversion (OTEC) projects worldwide as part of its OTEC working program.
ICS Calls On IMO to Delay Implementation of BWMC for Existing Ships
The International Chamber of Shipping (ICS) has urged the International Maritime Organization (IMO) to back the proposal from a broad coalition of governments that would result in postponing the implementation dates for installing new ballast water treatment systems. “If this pragmatic proposal is a
Drewry: New Wave of M&As to Include Medium-Sized Carriers?
The opportunities for further mergers and acquisitions among Top 20 carriers are receding with each new deal, but there is still a high likelihood that a second wave involving medium-sized carriers will follow soon, according to shipping consultancy Drewry. Carrier consolidation is moving apace with