Africa
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (September 19-25, 2016). DEME’s Multi Purpose Vessel ‘Living Stone’ Hits the Water DEME Group has celebrated the launch of their new multi purpose vessel ‘Living Stone’, the most advanced vessel in its class. Bo
Report: Hanjin Shipping Has Enough Cash to Cover Offloading Costs
Cash held by Hanjin Shipping, coupled with commitments from the company’s leading shareholder, the leading creditor, and the parent group’s CEO, should be enough to cover the costs of unloading cargo from the company’s container ships stranded offshore, Reuters reported a South Korean government off
IUMI: Rising Large Marine Losses Could Prove Too Much for Insurers
The increasing number of large marine losses can potentially put severe financial strain and overwhelm insurance companies, Dieter Berg, President of the International Union of Marine Insurance (IUMI), said during the closing of this year’s IUMI 2016 marine insurance conference in Genova, Italy. Ber
Algeria: Skikda LNG plant back in service
Algeria’s Skikda LNG export plant has reportedly come back on stream following a two-month shutdown for maintenance.
Robbers Ransack Boxship off Guinea
Six robbers armed with guns boarded and fired upon the duty crew on board a container ship at Conakry anchorage, Guinea, on Wednesday, September 21, according to IMB. The vessel’s Master activated the SSAS alert, raised the alarm and locked the accommodation. The robbers, however, gained access into
Guinea president OKs Hyperdynamics’ offshore plans
Oil and gas exploration firm Hyperdynamics, with an offshore block in Guinea, has received a notice of a Presidential Decree signed by the President of the Republic of Guinea, Alpha Conde, implementing the recently agreed terms for an offshore block in the country. To remind, Hyperdynamics signed th
Equatorial Guinea looks to European gas buyers for Fortuna FLNG
By Mark Tay SINGAPORE (Reuters) – Equatorial Guinea is negotiating pricing terms with potential offtakers for production from its 2.2 million tonnes per year (tpy) Fortuna Floating Liquefied Natural Gas (FLNG) project, eyeing Europe as its next key market. While Asia remains a key LNG customer for E
Eni boosts Baltim South West potential to 1 Tcf
Eni of Italy on Thursday upgraded the field potential of Baltim South West to 1 trillion cubic feet of gas in place, following the results of the appraisal well Baltim South West 2X.
Report: First Cargo Shipped from Libya’s Ras Lanuf Oil Port
The Malta-flagged oil tanker Seadelta has departed Libya’s port of Ras Lanuf carrying 781,000 barrels of crude oil as exports at the port resumed for the first time since 2014, Bloomberg cited sources close to the matter. The vessel, which was earlier withdrawn to a safe distance from the port due t
Oil jumps after surprise drop in U.S. crude inventories
By Amanda Cooper LONDON (Reuters) – Oil prices jumped 2 percent on Wednesday after a surprisingly large drop in U.S. crude inventories and as an oil services workers strike in Norway threatened to cut North Sea output. Brent crude futures <LCOc1> were up 91 cents at $46.79 per barrel by 1113 GMT, wh
IUMI Calls for More Action to Tackle Containership Fires
Two recent onboard containership fires have fueled concerns from International Union of Marine Insurance (IUMI) over the challenges involved with managing these incidents at sea as seafarers are being asked to tackle onboard fires with inadequate equipment. The two recent containership fires which r
IADC Publishes Report on Ecosystem Services Study
The International Association of Dredging Companies (IADC) recently commissioned a study named the “Ecosystem services: Towards integrated marine infrastructure project optimization”. The study was carried out by the Ecosystem Management Research Group (ECOBE) of the University of Antwerp. A special