Africa
Expansion of Ghana’s Tema Port Starts in October
Construction works on the USD 1.5 billion Tema Port expansion project are expected to commence on October 1, 2016, according to Ghana Ports and Harbours Authority (GPHA). Meridian Port Services (MPS), a joint venture between APM Terminals, Bolloré Africa Logistics (Meridian Port Holdings) and the Gh
VIDEO: Multipurpose Watermaster on Display
Aquamec Ltd, a Finland-based company that manufactures the Watermaster – a multipurpose solution for work in shallow water – has just released a new video which shows the capabilities and applications of the versatile Watermaster dredger. The multipurpose Watermaster is used worldwide for deepening
Baker Hughes: International offshore rig count down by 42 rigs YOY
Oilfield services provider Baker Hughes informed on Thursday that the international offshore rig count for August 2016 was down by over forty rigs year over year. According to the report, the international offshore rig count for August 2016 was 228, up 2 from the 226 counted in July 2016, and down 4
Shell lifts force majeure on gas supplies to Nigeria LNG
Shell Petroleum Development Company, a Nigerian unit of Hague-based LNG giant Shell lifted a force majeure on gas supplies to the Nigeria LNG export facility located on Bonny Island. SPDC declared force majeure on gas supply to NLNG on 8 August, following a leak on the Eastern Gas Gathering System (
Oil edges up; gains limited amid scepticism over freeze deal
By Osamu Tsukimori TOKYO (Reuters) – Oil prices erased early losses to trade higher on Wednesday partly due to a weaker dollar, but gains were limited as market participants remained sceptical producers would reach an agreement to freeze output to rein in a global supply glut. London Brent crude for
MSI: Container Lines Shift Focus from Technology to Flexibility
Container lines have shifted their focus towards alliance structures for operational efficiency, rather than relying on large scale technological innovation, according to research and consultancy firm Maritime Strategies International (MSI). With container lines continuing to seek cost savings, MSI
South Africa Europe Container Service to Add Rotterdam Port
In late September 2016, the port of Rotterdam will be added to South Africa Europe Container Service (SAECS), becoming the port with the shortest transit times to South Africa. The upgraded service will make Rotterdam both the first and last port of call on this route and will shorten the service’s
FMC Technologies’ Subsea Pumps for Eni’s West Hub Development
FMC Technologies informed that it will provide subsea multiphase boosting pumps, manifolds, and installation support services for Eni Angola’s Block 15/06 West Hub Development Project located off the coast of Angola. The company’s subsea multiphase boosting pumps improve production economics by redu
FMC Technologies to provide subsea equipment for Eni’s West Hub
FMC Technologies has been awarded a contract to provide subsea multiphase boosting pumps, manifolds, and installation support services for Eni Angola’s Block 15/06 West Hub Development Project located off the coast of Angola. FMC Technologies said on Tuesday that its subsea multiphase boosting pumps
Kenya Opens New Container Terminal in Mombasa
The first phase of the new container terminal in Mombasa was inaugurated on September 3, Kenya’s President Uhuru Kenyatta informed via twitter. The terminal is expected to boost the the volume of cargo handled by East Africa’s port of Mombasa by 50 percent, according to Reuters. The construction pro
Oil slips towards $47 as hopes for producer action wane
Oil slipped towards $47 a barrel on Tuesday, falling further from the previous session’s one-week high on receding hopes for imminent action to tackle a supply glut.
ESC Urges Terminals to Release Hanjin Shipping’s Containers
The European Shippers’ Council (ESC) has called on terminals that currently hold containers because of the financial troubles of container liner Hanjin Shipping, to “release those containers immediately.” Namely, ESC said that the terminals should release the boxes because the stationary containers