Africa
Poten & Partners: Tanker Deliveries vs. Scrapping Potential
Given the orderbook, the tanker market is expected to experience ample supply growth in the coming years while the forecasts for tanker demand growth are rather subdued, according to Poten & Partners. In recent years, tanker sales for scrap have been “few and far between,” while the average age of t
DW: Non-OPEC NOCs best positioned for OPEC meeting outcome
The end of one of the worst downturns in the history of oil and gas may be in sight, as OPEC’s November meeting looms large – bringing with it fresh hopes of a production cut and consequent market rebalancing said Douglas-Westwood, an energy intelligence group, in its DW Monday report. In this conte
Oil pinned near three-month lows as gloom grows over OPEC
By Amanda Cooper LONDON (Reuters) – Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output. Donald Trump’s surprise victory in last week’s U.S. presidential election has boosted st
CEDA Webinar: Sedimentation Process in TSHD
A Central Dredging Association’s (CEDA) Dredging Technology Webinar, under the name ‘The sedimentation process in a TSHD’, is scheduled for 15 November, 2016, from 14:00-15:00 hrs (CEST). The presenter, Prof. Dr. Ir. Cees van Rhee, is full Professor of Dredging Engineering at the Delft university of
Drewry: Scrapping Boxship Candidates to Get Younger and Bigger
Amid a record year for containership demolitions in 2016, which helped suppress total fleet growth close to the rate for demand, shipping consultancy Drewry said that the scrapping candidates will get younger and bigger until the market recovers. Greater scrapping is a sign of the underlying weaknes
VAYCO Oil Tools Opens Nigerian Office
VAYCO Oil Tools (VOT), based in UK, has opened a new office in Nigeria to support operators in Nigeria and West Africa. VOT Nigeria will offer the existing subsea hardware, support engineering and operational services to locally based operators, the company explained. “VOT Nigeria will add value by
Readers’ Picks of the Week (November 7 – 11, 2016)
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Popular news, November 7 – 13, 2016
The unexpected has happened. Donald Trump will be the next president of the United States of America.
in2Dredging Introduces Pumps and Pipeline Tool
in2Dredging (i2D), an independent dredging consultancy, has launched its new and unique software program Pumps and Pipeline (PnP v1.1). PnP is the first commercial pumps and pipeline estimating tool for the dredging and mining industry. i2D’s gap analysis identified a disconnection between dredging
UN Security Council: Somali Piracy Still a Matter of Grave Concern
The UN Security Council has renewed its authorization for international naval forces to join in fighting piracy off the coast of Somalia for another year, stressing that while the threat of such crime had declined, “it still remained a matter of grave concern.” Unanimously adopting resolution 2316 (
IADC Release Paper on Dredging Sound Levels
In their latest issue of Terra et Aqua, the International Association of Dredging Companies (IADC) has released a new article named ‘Dredging sound levels, numerical modelling and EIA’. This paper was initially presented at the CEDA Dredging Days in November 2015 and was included in the conference p
Oil prices rise as markets recover from Trump shock
By Christopher Johnson LONDON (Reuters) – Oil prices reversed early losses to push higher on Thursday as markets recovered from their initial shock at U.S. President-elect Donald Trump’s surprise victory, although traders said that crude fundamentals remained weak. Trump’s election initially stunned