Africa
Consortium Wins Freeport Terminal Extension Deal
A consortium including the Belgian dredging, environmental and marine engineering group DEME, the French construction group Eiffage and Eiffage’s subsidiary RMT Clemessy, has been awarded a EUR 47 million (USD 52.4 million) contract for the extension of the Freeport Terminal in Sierra Leone. The Fre
Transnet CEO Comments on Recent Dredging Simulator Launch
The last week’s launch of the Africa’s First Dredging Simulator at the Transnet Maritime School of Excellence (MSOE) provided an excellent opportunity for Mr Richard Vallihu, Chief Executive of Transnet National Ports Authority (TNPA), to speak about the topic. The inauguration of the Royal IHC dred
BIMCO: Carriers Still Under Pressure Due to Boxshsip Overcapacity
Severe overcapacity in the container shipping market and recently agreed contract rates on the transpacific trade lanes are keeping pressure high on the liner companies, according to BIMCO. Overall container demand grew around 2% in second quarter of 2016 compared to the same period a year earlier,
Despite cuts, Big Oil to expand production into the 2020s
By Ron Bousso LONDON (Reuters) – Never mind the drop in crude prices, huge spending cuts and thousands of job losses – the world’s top oil and gas companies are set to produce more than ever for some time. While top oil companies struggle with slumping revenues following a more than halving of price
DEME Wins Contract for Freetown Terminal Extension Project
A consortium including the Belgian dredging, environmental and marine engineering group DEME, the French construction group Eiffage and Eiffage’s subsidiary RMT Clemessy, has been awarded a 47 million euros contract for the extension of the Freeport Terminal in Sierra Leone. DEME will be responsible
DP World Wins 30-year Concession for Somaliland Port
Dubai-based port and terminal operator DP World has won a 30-year concession with an automatic 10-year extension for the management and development of a multi-purpose port project at Berbera, Republic of Somaliland. DP World will set up a joint venture with 65% control together with the government o
DP World: $442 M Investment in Berbera Over Three Phases
DP World has won a 30-year concession with an automatic 10-year extension for the management and development of a multi-purpose port project at Berbera, Republic of Somaliland. The Port of Berbera opens a new point of access to the Red Sea and will complement DP World’s existing port at Djibouti in
BIMCO: Strong Tanker Freight Market Comes to an End
Lower growth rates for refinery throughput and drawdowns on swollen oil stocks has impacted the seaborne tanker market negatively, according to BIMCO. The refiners and traders, primarily in Asia, have reduced their appetite for crude oil as margins and profits have diminished. Global oil prices came
Antea Group: Coastal Climate Change Adaptation in Benin
Antea Group has just announced that they will carry out a multi-sectoral investment plan for adaptation to the hazards generated by climate change on the Beninese coastal zones, particularly coastal erosion. The plan will be based on information collected through literature review, site visits, inte
DW: Change of approach needed in offshore survey market
Offshore surveys are a necessary precursor for both oil and gas and renewable energy installations on the seafloor. However, current market conditions are forcing all parties in the supply chain to rethink their approach, said Douglas-Westwood in its DW Monday report. Douglas-Westwood (DW), an energ
African Petroleum in talks to farm-out Gambian licenses
African Petroleum, an independent oil and gas exploration company, has signed a Letter of Intent (LOI) with an undisclosed international exploration and production company regarding Licenses A1 and A4, offshore Gambia. The company said that the LOI represents a non-binding commercial proposal regard
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