Africa
Owners Sending Fewer Ships to Scrapyards
Shipowners’ interest is being diverted away from the recycling market with secondhand vessel values rising, according to Clarksons. This causes new tonnage in the market to generate firm competition between cash buyers. The number of Capesize bulk carriers sold for demolition in the year to date is
GE Oil & Gas Opens New Deepwater Service Center in Ghana
GE Oil & Gas has opened a new facility in Takoradi Port, Ghana. The company has committed to deliver more than 45,000 training hours for Ghanaian personnel over the next five years. The facility, which will be the primary service center for deep-water offshore projects in Ghana, has a 1,600 square m
Another Milestone for the Great Wall of Lagos
Eko Atlantic, a brand new city being built adjacent to Victoria Island, Lagos, has just announced that the Great Wall of Lagos has surpassed 6 kilometers in length. Construction of the Great Wall of Lagos, which can be seen from space, began in 2009. The wall, which will reach 8.5 kilometers upon co
GE Oil & Gas opens training and offshore service center in Ghana
GE Oil & Gas has opened a new facility in Takoradi Port, Ghana, which will be the primary service center for deep-water offshore projects in the country. GE said on Wednesday that it would deliver more than 45,000 training hours for Ghanaian personnel at the facility over the next five years to buil
JDR and Proserv Team Up in Nigeria
JDR has expanded its presence in West Africa through a partnership agreement with Proserv Instrumentation Nigeria. Under the strategic alliance, JDR will establish a service and maintenance base in Proserv’s operations facility in Port Harcourt, Nigeria. Together, the companies will offer combined s
Alphaliner: Global Box Volumes Prosper in Late 2016
Following a slow first half of 2016, port throughput rebounded in the second half of the year pushing the global container volumes up by an estimated 1.8% during the year, compared to 1.4% seen in 2015, according to Alphaliner. The fourth quarter of 2016 was saw a particularly strong volume growth o
Pura Vida searching for new boss ahead of Gabon drilling campaign
Oil and gas exploration company Pura Vida Energy has informed that the employment of its Chief Executive Officer Damon Neaves is ceasing, effective immediately. The company is now looking to hire a new boss ahead of drilling campaign offshore Gabon. According to the terms of the employment contract,
JDR, Proserv in Nigerian pact
JDR, a subsea cable supplier, has teamed up with with Proserv Instrumentation Nigeria Ltd, expanding its presence in West Africa. The company said on Wednesday it would set up a service and maintenance base in Proserv’s operations facility in Port Harcourt, Nigeria. The two companies will offer comb
Shipping Confidence Steady amid Fierce Competition
Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. In February 2017, the average confidence level expressed by respondents was 5.6 out of 10.0, unchanged from
Report: Rosneft to supply 10 LNG cargoes to Egypt
Rosneft Trading, a unit of Rusia’s Rosneft, has reportedly agreed to supply 10 liquefied natural gas cargoes to the Egyptian Natural Gas Holding Company (EGAS) by the end of the year.
VIDEO: ‘Ocean Vanguard’ takes Likouf FPU to West Africa
Following a recent start-up of Total’s Moho Nord field offshore Gabon, Boskalis has shared a video of the transportation of the Moho Nord field’s FPU Likouf. Boskalis claims the transport of the 80,500 ton Floating Production Unit (FPU) Likouf onboard the Dockwise Vanguard semi-submersible vessel, f
London P&I Club: Warranty Surveyors to Reduce Cargo Shifting Risk
Due to a recent increase in the incidence of deck cargoes shifting in heavy weather, the London P&I Club said it supports a recommendation to appoint a warranty surveyor to supervise high-risk marine construction and transportation project operations where appropriate. “In the past year, LOC has see