Africa
Farstad lands new platform supply vessel deals
Norwegian offshore shipping company Farstad Shipping has been awarded several new charter contracts for its platform supply vessels (PSVs). Namely, Farstad informed on Monday that BG Tanzania has awarded contracts to the 2012-built PSV Far Skimmer, the 2013-built PSV Far Starling, and another 2013-b
ILO: Algeria Ratifies Maritime Labour Convention
Algeria recently became the 79th Member State to ratify the Maritime Labour Convention, 2006 (MLC, 2006) with the International Labour Organization (ILO). The government of Algeria deposited the instrument of ratification of the MLC, 2006 in late July, marking another step towards worldwide ratifica
Drewry: Pressure Mounts on Carriers to Cut Costs
As the container industry revenues are contracting faster than carriers can cut costs, the shipping consultancy Drewry said that prolonged losses in the container shipping industry are likely to lead to more container merger and acquisition activity or more industry consolidation among carriers. The
Readers’ Picks of the Week (August 8 – 12, 2016)
Hapag-Lloyd Sees Disappointing First-Half Year Result German shipping major Hapag-Lloyd said its first-half year “result is disappointing,” due to subdued economic growth in many parts of the world, persistently tough competition in the liner shipping industry and further declines in freight rates…
Popular news, August 8 – 14, 2016
Popular news, August 8 – 14, 2016
Top news of the week August 8-14, 2016
Report: ExxonMobil buys stake in Eni’s Mozambique LNG development Italian oil and gas company Eni has reportedly sold a multi-billion dollar stake in its planned Mozambique LNG development to U.S.-based energy giant ExxonMobil. Sempra: FID on Cameron LNG expansion project could be postponed San Dieg
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (August 8-14, 2016). VIDEO: Pythagoras Dredging Solution Pythagoras, a Belgian company involved in providing solutions for dredging, surveying, infrastructure, construction and agriculture, has just released this
CMA CGM Sets Up New EURAF 6 Service
French container shipping company CMA CGM plans to launch a new service connecting Europe and West Africa, EURAF 6, under a slot swap agreement with an unnamed partner, on August 30. The first vessel to be deployed on the new service will be a 2,460 TEU boxship, MV CMA CGM Milan Trader. CMA CGM said
Nigeria LNG’s shipping unit to slash salaries, may reduce staff
Nigeria LNG, operator of the giant Bonny export plant, said it will reduce salaries and review manning levels at its shipping unit due to the ongoing LNG shipping industry downturn. Nigeria LNG can confirm that “reviewed manning levels and wage scale for officers on Bonny Gas Transport (BGT) vessels
CMA CGM Adds Vlissingen Port to EURAF 1
French container shipping major CMA CGM plans to add the Dutch port of Vlissingen to its Europe – West Africa (EURAF 1) service rotation. The service upgrade is effective from September 9, with the arrival of MV CMA CGM Patrici. On a weekly basis, the enhanced service will provide a direct connectio
Zion Market: Report on Amphibious Excavators Market
Zion Market Research has published a new report titled “Amphibious Excavators Market for Construction, Mining and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020.” According to this report, the global amphibious excavators market accounted for USD 3.
Oil edges up on talk of possible exporter moves to prop up market
By Henning Gloystein SINGAPORE (Reuters) – Oil prices edged up on Friday, remaining near the previous day’s highs, on the prospect of talks by exporters about ways to prop up a market grappling with a supply overhang. Brent crude futures were trading at $46.12 per barrel by 0645 GMT, receding from a