Africa
CGG in Ghana seismic partnership
French seismic services provider CGG has teamed up with Ghana’s GNPC Operating Services Company Ltd (GOSCO), to form a joint-venture company dedicated to conducting high-end 2D, 3D and 4D marine seismic acquisition and related services in the territorial waters of the Republic of Ghana. The primary
Drewry: Container Shipping Rates See Signs of Reversal
Volatility in container shipping freight rates is expected to remain very high as long as over-capacity and carrier industry instability continue, according to shipping consultancy Drewry. Drewry’s Global Freight Rate Index, a weighted average of spot container freight rates across all major routes
Popular news, August 22 – 28, 2016
Popular news, August 22 – 28, 2016
MSF’s Rescue Vessel Attacked off Libyan Coast
A group of armed men onboard an unidentified speedboat approached and attacked the rescue vessel Bourbon Argos on August 17, 2016, while it was conducting search and rescue operations, according to Médecins Sans Frontières (MSF). The attack occurred 24 nautical miles north of the Libyan coast. Armed
MSC to Add New Cheetah Service
Switzerland-headquartered Mediterranean Shipping Company (MSC) plans to launch a new weekly container service connecting East Africa, Middle East, Pakistan and India, the Cheetah Service, starting from September this year. The company said it will deploy five 2,200 TEU vessels on the route. The new
Oil prices fall as Saudi Arabia dampens prospects of output freeze
Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month, and as analysts pointed to an ongoing supply overhang that was weighing on markets.
Golden Energy gets more work for PSV with Total in Nigeria
Total E&P Nigeria has awarded Golden Energy Offshore, a Norway-based shipowner and operator of offshore service vessels, a six-month contract for one of its platform supply vessels (PSVs). Golden Energy said on Friday that the contract for the Energy Scout PSV has optional extension periods of six m
Vaalco: Production resumes from Avouma well (Gabon)
Vaalco Energy, Inc. has informed that the secondary electric submersible pump (ESP) in the Avouma 2-H well on the Avouma Platform offshore Gabon in the Etame Marin Permit was recently started and the well is now producing at a stable rate. The company previously reported that the primary ESP failed
Bulk Carrier Crew Taken Hostage, Beaten by Robbers
Two crew members from a bulk carrier were taken hostage and beaten when a group of armed robbers boarded their vessel some 5.5 nautical miles south of Conakry, Guinea, according to the International Maritime Bureau’s (IMB) piracy reporting center. Seven robbers armed with guns and knives boarded the
APL to Launch India Pakistan Europe Service
Singapore-based container shipping company APL plans to set up a new weekly service – the India Pakistan Europe (IPE) Service, that will connect India and Pakistan to major ports in Europe starting from October. The IPE service will call the ports of Port Qasim (Pakistan), Nhava Sheva, Hazira, Mundr
GPHA: Four Firms in Race for Takoradi Dry Bulk Terminal Concession
Four companies have been shortlisted to take part in the next stage of the concession award process for the proposed Takoradi Dry Bulk Terminal, according to the Ghana Ports and Harbours Authority (GPHA). The shortlisted firm are the South African shipping and freight company Grindrod Limited, the M
Cobalt’s $1.75 B sale of offshore blocks to Sonangol falls through
Cobalt’s proposed sale of interest in two offshore blocks in Angola to the state-run oil firm Sonangol has fallen through, as expected. The Houston-based oil exploration and production company Tuesday said that the purchase and sale agreement for Cobalt’s 40% participating interest to Sonangol expir