Africa
Van Oord Net Profit Drops in 2016
Van Oord, a Rotterdam based company specializing in dredging, marine engineering and offshore projects, has just announced that in 2016 their revenue decreased to an amount of EUR 1.71 billion (2015 EUR 2.58 billion) and net profits went down to EUR 90 million (2015: EUR 169 million). In dredging, r
TechnipFMC nets Ghana onshore job for Eni
LNG engineer TechnipFMC has been awarded a contract for the onshore part of the Offshore Cape Three Points development of the Sankofa field, offshore Ghana.
Report: NOC Hopes to Regain Control of Two Oil Ports
Libya’s National Oil Corporation (NOC) believes it will retake control of the country’s two major oil ports from eastern Libyan forces, Reuters reports citing a statement from the Tripoli-based NOC Chairman. Earlier this month, the eastern-based Libyan National Army (LNA) took over the ports of Es S
Clarksons: Shipping Industry Looking for Ways to Return to Faster Volume Growth
The shipping industry is looking for ways to return to faster expansion in volumes as the slowdown in volume growth since the financial crisis focussed the industry’s thoughts on potential barriers to healthy long-term trade growth, according to Clarksons. From 1988 to 2008, growth in world seaborne
Spotlight on Sustainable Management of Volta River Delta
Researchers from the Delft University of Technology and the Delta Alliance joined forces with the Ghanaian Development Institute and the University of Ghana to discuss the challenges for integrated planning and sustainable management of the Volta river delta. At two recent workshops Dutch and Ghanai
Drewry: Little Hope for Asia-West Africa Volume Recovery
Carriers in the Asia to West Africa container trade could be dragged through another woeful demand story as the container traffic on the route continues decreasing in 2017, according to shipping consultancy Drewry. The traffic in the trade dropped by around one-fifth since 2014. After southbound con
Algeria’s Sonatrach makes CEO change
The state-owned Sonatrach named Abdelmoumen Ould Kadour as the company’s new chief executive officer.
ECA Bags Astrid Diving System Order in South Africa
ECA Group has secured a contract from Armaments Corporation of South Africa SOC (ARMSCOR) to supply its Astrid diver tracking and distress monitoring system in South Africa. The contract aims to deliver the system in 2017 and includes a training, the company said. ECA Group’s Astrid solution is a po
Report: Renewables Key to Decarbonising Energy System by 2060
80% of power generation and 65% of total primary energy supply should come from renewables if global energy-related carbon dioxide (CO2) emissions are to be reduced by 70% by 2050 and completely phased-out by 2060, according to new findings released by the International Renewable Energy Agency (IREN
IADC Releases Updated Version of Building with Nature
The International Association of Dredging Contractors (IADC) has just announced that an updated version of ‘Facts About: Building with Nature’ is now available. ‘Facts About: Building with Nature’ talks about a design philosophy that uses natural processes (ecosystem services) to realize structures
IRENA: Energy-related CO2 emissions could be phased-out by 2060
Global energy-related CO2 emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook, IRENA said in a new report.
Popular news, March 13 – 19, 2017
The most popular articles of the week