Africa
Agreement on Tanzanian LNG project to be reached by 2018
An agreement between the Tanzanian government and the international majors looking to build a US$30 billion LNG export project, could be reached in 2018.
BIMCO: Carriers on SCFI Routes Earn 7 Pct Less in 2016
Due to the devastating low rates in the first half of 2016, container shipping lines earned an average of 7% less, than in 2015 on all Shanghai Containerized Freight Index (SCFI) trade routes, according to BIMCO. The freight rates managed to gain momentum through second half of 2016, and were 22% hi
Alphaliner: Boxship Additions Twice as High as Scrapping Forecast
The large number of very large container ships (VLCS) and ultra large container ships (ULCS) due to be delivered in 2017 is projected to be twice as high as 0.75 million TEU containership scrapping forecast for the year, according to Alphaliner. The overall delivery figure for the year stands at 1.6
Portugal awaits Nigerian LNG cargo
REN’s Sines LNG import terminal on Portugal’s Atlantic coast is scheduled to receive a cargo of liquefied natural gas next week.
FSDEA to Invest in First Deep Sea Port in Angola
The Fundo Soberano de Angola (FSDEA), Angola’s sovereign wealth fund, has committed to invest USD 180 million in a strategic deep sea port in Cabinda, Angola as part of its USD 1.1 billion infrastructure fund. This investment will create the first deep sea water port in Angola, which will be built i
FSDEA Invests Big in Port Infrastructure Development
The Fundo Soberano de Angola (FSDEA), Angola’s sovereign wealth fund, plans to invest $180 million in a new port in Cabinda, Angola. This investment will create the first deep sea water port in Angola and it will be built in two phases, FSDEA said in its announcement. Phase one will result in a 630
West African Gas Adds LPG Carrier Duo
The West African Gas Ltd (WAGL) has taken delivery of two liquefied petroleum gas (LPG) carriers from the Hyundai Mipo Dockyard (HMD) in Ulsan, South Korea. Featuring 38,000 cbm, the new vessels, named MT Africa Gas and MT Sahara Gas, are expected to “ensure stability in the supply of LPG,” accordin
DHI VIDEO: Coastal Erosion and Protection
DHI Group, an independent research and consultancy organization, has released a video about engineering the coast by understanding its nature, named ‘Coastal Erosion and Protection’. “Coastal erosion and protection is an ongoing challenge. Information about wind, waves, depth conditions and sediment
IRENA: Ramp up renewables deployment to reach 36%-by-2030 target
The deployment of renewable energy technology will need to be increased and accelerated to enable reaching a 36% share of renewable energy by 2030, according to latest report from the International Renewable Energy Agency (IRENA).
I.M. Skaugen Wins USD 420 Mn Worth of Charter Deals
Oslo-based shipping company I.M. Skaugen has signed long-term time charter contracts for three multigas (MG) vessels, including two 10,000 cbm and one 12,000 cbm MGs. The company said that the contracts, which are a part of a project representing a “proof of concept” of its small scale LNG logistics
I.M. Skaugen wins African small-scale LNG project contract
I.M. Skaugen chartered its three Multigas carriers for a small-scale LNG project in Africa planned to deliver natural gas for power generation.
RadøyGruppen Sets Up Gran Canaria Base
Norwegian company RadøyGruppen has expanded its presence on the market with establishment of a new base in Arinaga at Gran Canaria. According to the company, the new setup called RadoyGroup Rig and Ship Services will be located at Gran Canaria Subsea and Offshore Base (GCSB), and should offer entire