Africa
Caterpillar to Power One of the World’s Largest Split Hopper Dredger
Caterpillar Marine has just announced that one of the world’s largest split hopper dredger is being built with a complete Cat® engine and propulsion package. The 4200m³ capacity vessel, designed by MARIC Design House in conjunction with the Jiangsu Haixin shipyard, receives its shaft propulsion powe
Dredging Today Conference to Take Place in Amsterdam
Maritime & Offshore Media Group Navingo has announced that the first annual Dredging Today Conference will take place on 9 and 10 October 2017 at Amsterdam RAI. The 2017 theme is Changing Climate, Resilient Business. The conference is part of Navingo’s dredging platform which also comprises the onli
Pirate Attack against Bulk Carrier Foiled in Gulf of Aden
The Liberian-flagged bulk carrier MV Lord Mountbatten was attacked by pirates on Tuesday, May 16 while under way some 230 nautical miles South-West of Salalah, the Gulf of Aden. Namely, the ship was approached by two suspicious mother vessels along with up to eight skiffs, according to India’s Defen
Drewry: Rates for Small LPG Vessels to Strengthen Further
Vessel oversupply will persist in the LPG shipping market for the next two years, keeping freight rates under pressure across most size segments. However, the small vessel segment is the only category where fleet growth will be minimal, leading to a recovery in rates, according to shipping consultan
EIA: OPEC’s oil exports revenue on growth path after 2004-low
OPEC’s net oil exports revenues in 2016 fell to $433 billion, or some 15 percent from $509 million in 2015. This is according to a report by the U.S. Energy Information Administration. EIA said the reason for the decline was mainly due to the fall in average annual crude oil prices during 2016, and
BDI Drops below 1,000 Mark
The Baltic Dry Index (BDI) fell to 994 points on Monday, May 15, down by 20 points, tumbling again below the 1,000 threshold. The index broke the 1,000 mark in March this year driven by an increase in rates across the sector and managed to stay above the line for over two months. However, the market
IDC Demands Release of Arrested Benin Dockworkers
The International Dockworkers Council (IDC) has called for the unconditional freeing of the twenty sacked, fined and arrested dockworkers at the Port of Cotonou (PAC), Benin before and on May 11. On Friday, May 5, SYNFOMAP-BENIN, a movement of dissatisfaction paralyzed all activities at the Autonomo
OES sums up ocean energy efforts at ExCo meeting
Ocean Energy Systems (OES) has shared the achievements in ocean energy sector during the Executive Committee (ExCo) meeting.
Casablanca Port Project Wrapped Up
Vinci, a French concessions and construction company, said that Dumez Maroc (Vinci Construction International Network) has handed over the new fishing port in Casablanca to Morocco’s Agence Nationale des Ports – ANP. The works included construction of a main breakwater (655m), a secondary breakwater
Saudi Arabia, Russia agree oil output cuts until March 2018
By Chen Aizhu BEIJING (Reuters) – Saudi Arabia and Russia, the world’s two top oil producers, agreed on Monday to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices. The timing of the announcement ahead of OPEC’s next official meeting
Boskalis Announces Head Office Layoffs
Boskalis has completed the previously announced study into the costs of its head office organization, which will target total cost savings of EUR 30-35 million – resulting in the loss of around 230 jobs. This restructuring is part of the Corporate Business Plan 2017-2019 which Boskalis presented at
China Sparks World Container Traffic Boom
Preliminary data from Drewry’s Container Trades Statistics (CTS) indicates that world container traffic surged by 10% year-on-year in the first quarter of 2017, fuelled mainly by spikes in imports and exports from China. The CTS numbers point to intra-regional trade as the primary driver of growth w