Africa
Russian energy minister says cooperation with OPEC intensifying
By Katya Golubkova and Shadia Nasralla VIENNA (Reuters) – A short-term cap in oil output would reduce market volatility, Russian Energy Minister Alexander Novak said on Monday at a meeting with OPEC Secretary-General Mohammed Barkindo, as both are looking at ways to stabilize prices. Russia is the w
Keppel set to deliver ‘one of the world’s largest’ FPSOs
Keppel Offshore & Marine’s subsidiary Keppel Shipyard informed on Monday it is on track to deliver what it claims is one of the world’s largest Floating Production Storage and Offloading vessels (FPSO) to Bumi Armada Berhad for operations in offshore Angola. The naming ceremony of the FPSO, Armada O
Report: Egypt launches tender for 96 LNG cargoes
Egypt has reportedly issued a new tender looking to secure the delivery of 96 cargoes of liquefied natural gas (LNG) in 2017-2018.
APM Terminals Orders Cranes for MedPort Tangier
The Netherlands-based terminal operator APM Terminals has ordered new cranes to equip its new container transshipment terminal at the Tangier Med 2 port complex, situated in Morocco, on Africa’s northwest coast. Under the contract, the terminal operator ordered a total of 12 remote-controlled Ship-t
OCEAN Alliance Receives Approval from FMC
The US Federal Maritime Commission (FMC) has concluded its review of the proposed OCEAN Alliance, allowing it to become effective on Monday, October 24, 2016. The OCEAN Alliance is comprised of French shipping company CMA CGM, China’s COSCO Shipping, Hong Kong-based Orient Overseas Container Line (O
DW sees positive spin in wave of upstream contracts due to be awarded
A sustained low oil price environment is a challenging one, with ‘survival of the fittest’ being an undeniable reality of the sector, Douglas-Westwood, an energy intelligence group said its DW Monday report. According to Douglas-Westwood, upstream E&P operators, in the past two years, have scurried
Popular news, October 17 – 23, 2016
The most popular articles of the week
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (October 17-23, 2016). Royal IHC Adjusts Its Business Strategy As a direct consequence of persistently poor market conditions, Royal IHC, supplier of maritime equipment, is fine-tuning its strategy. PHOTO NEWS:
Liberia Proposes More Time for Shipowners to Adjust to BWMS
The Liberian Maritime Administration is to introduce a proposal to the meeting of the IMO Marine Environmental Protection Committee (MEPC70) in London on October 24 to allow certain ships additional time beyond 2020 to install adequate ballast water management systems. In order to allow more time fo
Clarksons: Non-Delivery Could Hit Record Levels in 2016
Non-delivery of vessels on the orderbook, which has been a prominent theme in shipbuilding in the last decade, looks set to be increasing again this year amid troubled shipping markets, according to Clarksons Research. In the year to date, changes to the market environment have been important across
Sea Trucks Wins West Africa IMR Job
Sea Trucks Group said it has been awarded a contract in West Africa by an undisclosed oil company. The contract is for inspection, maintenance and repair, scheduled to start during Q4 2016. The caompany said it will use its multipurpose support DP2 vessel the Jascon 55, a construction barge and a sp
EGA Opens Kamsar Container Terminal in Guinea
UAE’s Emirates Global Aluminium (EGA) has officially opened a container terminal in its new port facility at Kamsar, Guinea. Inaugurated by Alpha Condé, the President of the Republic of Guinea, the terminal will enable the import of materials for the construction of the 12 million tonnes per annum (