Africa
Ghana celebrates anniversary with FPSO banknote
Ghana authorities have issued a new banknote with a picture of a Floating, Production, Storage and Offloading vessel (FPSO) Kwame Nkrumah. The FPSO is the first such unit provided and operated by Japanese MODEC to Ghana. The redesigned 5 Ghana cedi (GH¢5) note was issued by the Bank of Ghana as a co
Golar: Cameroon FLNG September start-up not impossible
Golar LNG, a company supplying an FLNG unit to be used for the development of Cameroon’s Kribi offshore fields, has said that September schedule for the start-up is tight but possible. The company will supply the FLNG Hilli Episeyo project, currently being converted in Keppel’s Singapore shipyard. A
OneLNG to pursue second FLNG project off Equatorial Guinea
OneLNG, a partnership between Schlumberger and Golar LNG, signed a memorandum of understanding to deploy a second floating LNG vessel offshore Equatorial Guinea.
E. Guinea working to bring in another FLNG unit
Equatorial Guinea, expected to bring one of the continent’s first Floating LNG units in production, is now working to develop other offshore assets using the same technology. Namely, OneLNG, a company developing Fortuna FLNG project with Ophir Energy offshore Equatorial Guinea, on May 29, entered in
Alphaliner: Global Port Volume Growth Revised to 4.6 Pct
Driven by strong volume growth recorded across key container ports in the first quarter of 2017, the full year global port throughput growth was revised to 4.6%, compared to earlier projections of only 2%-3%. Based on Alphaliner’s survey of over 150 ports around the world, global container port thro
MSC Inks 35-Year Concession Contract for San Pedro Terminal
Swiss-based Mediterranean Shipping Company (MSC) entered a 35-year concession agreement for the expansion of the San Pedro Container Terminal (TCSP) in Côte d’Ivoire on May 30. With a total initial investment of near CFA 300 billion (USD 511.1 million), this project will allow the port to handle 14,
Report: Eni to reach Coral FLNG FID this week
Italian energy giant and LNG player Eni will reach the final investment decision on the development of the Coral gas discovery in the Rovuma Basin, offshore Mozambique.
Interview: Device mimicking coral reef raises waves off Spain
Bilbao-based wave energy company Arrecife Energy Systems is making progress on the development of its wave energy system whose design was inspired by the coral reefs and their efficiency in absorbing the energy of the waves.
Clarksons: Rising Mega Boxship Fleet Drives Cascade
Amid a rapid growth in the mega boxship fleet, and nearly a year on from the opening of the new expanded locks of the Panama Canal in June 2016, the fleet of giants surged by 29% y-o-y in TEU terms, Clarkson Research informs. The 15,000+ TEU mega boxship fleet has expanded rapidly in recent years an
Gibson: To LNG or Not to LNG?
The current orderbook for dual-fuel vessels shows some considerable growth in shipowners’ investment in LNG-powered vessels, Gibson Shipbrokers says in its weekly tanker market report. Some significant orders have been Sovcomflot’s 4 ice class Aframax tankers and AET’s order of 4 Aframaxes in additi
Clarksons: Further OPEC Cuts to Influence Tanker Demand?
Extension of oil production cuts until March 2018 could affect tanker demand, either via lower crude and product exports, or lesser import demand if high prices moderate demand growth. Global oil prices were buoyed in the fourth quarter of 2016 by OPEC’s decision to cut production. At their recent m
BW Offshore bringing world’s first FDPSO out of mothballs?
The world’s first and so far only floating drilling production and offloading unit is set to be deployed to an offshore location again, after having been out of work for more than three years. Owned by the Oslo-listed BW Offshore, the Azurite FDPSO had been deployed at the Azurite field offshore Con