Africa
Drewry: Specialised Reefers Punching above Their Weight
Tonnage provision and forecast cargo share for the specialised reefer ships will continue to reduce in coming years, but these ships will keep carrying a disproportionate share of the reefer cargo, according to shipping consultancy Drewry. Specialised reefers last year provided just 5% of the world’
Popular news, September 12 – 18, 2016
The most popular news of the week
Readers’ Picks of the Week (September 12 – 16, 2016)
BIMCO: Lowest Level of Newbuilding Contracts in 20 Years Shipyards become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets as 2016 looks to set the record for the lowest newbuilding contracts in more than 20 years… Read More Hanjin Shipping Gets Cash In
Top news of the week September 12-17
Air Products ships first LNG heat exchanger from its new Florida facility LNG equipment maker Air Products on Friday rolled out the first completed liquefied natural gas (LNG) heat exchanger manufactured at its new production facility in Manatee County, Florida. Wood waste spill at Woodfibre LNG sit
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (September 12-18, 2016). Van Oord Working on One of the Largest Reclamation Projects in Taiwan Van Oord is currently working on the construction of Kaohsiung Intercontinental Container Center Phase II in Taiwan.
Clarksons: Shipyards Struggling to Remain Active
The number of ‘active’ shipyards globally has more than halved since the start of 2009, falling to around 400 shipyards at the start of September 2016, with rapid growth in the total followed by steep decline all within the last decade, according to Clarkson Research. Global contracting surged by 78
Portugal books Nigerian LNG cargo
REN’s Sines LNG terminal located on Portugal’s Atlantic coast is scheduled to receive a cargo of liquefied natural gas from Nigeria.
Hyperdynamics gets Guinea extension. Drilling set for 2017
Hyperdynamics, an oil and gas operator focused on developing its asset offshore Guinea, has signed a one-year extension to the 2006 production sharing contract with the government of Guinea. The extension and amendments to the original PSC have yet to be approved by the decree of the country’s presi
All Set for Egypt Ports and Waterways Summit 2016
Following the success of the inaugural Egypt Ports and Waterways Summit in 2015, IQPC has announced that the second edition of the event will take place in September. With the New Suez Canal project completed, the focus in the country has shifted to the next stage of the economic plan; the Suez Cana
Vaalco sees more well trouble off Gabon
Vaalco Energy has been forced to temporarily shut in a well at its Avouma platform offshore Gabon due to a recurring issue with an electrical submersible pump. The company previously reported in late July that the primary electrical submersible pump (ESP) failed in the Avouma 2-H well on the Avouma
NOC Lifts Force Majeure at All Oil Crescent Ports
Libya’s National Oil Corporation (NOC) said that it is lifting force majeure at all Oil Crescent ports after it accepted handover of the ports from the Libyan National Army reporting to the House of Representatives on September 14. Exports will resume immediately from Zueitina and Ras Lanuf, and wil
Ophir working to make Fortuna FLNG FID by 2016 end
Ophir Energy, a London-listed oil and gas company, is making progress with its floating LNG project in Equatorial Guinea where it is working on developing the gas reserves found in the offshore Block R. The company on Thursday said the upstream part of the Fortuna FLNG project was ‘technically ready