Africa
Clarksons: Shipping Sees Toughest 1H Since Financial Crisis
Shipping is experiencing some of its toughest conditions since the financial crisis and, despite its many efforts, may well be heading for an appointment with the bankers, according to Clarksons Research. With the spread of challenges facing the industry, Clarskons said that it is unlikely “the ship
Sea Trucks completes work on Chevron’s field offshore Nigeria
Offshore construction services provider Sea Trucks has completed a pipelaying and construction campaign for Chevron in Nigeria. Under the contract signed in mid-2015, Sea Trucks carried out transportation and installation of the Okan PRP Jacket, piles, deck and bridge at Chevron’s Sonam field develo
MSI: Brexit to Hit Container Shipping Recovery Prospects
The UK Brexit vote will have far-reaching effects on the container shipping market, despite the country’s relatively minor role in global trades, according to Maritime Strategies International (MSI). An analysis of the impact of the UK Brexit vote on the container shipping sector found that amid the
OEM in two-year deal to support Go Marine fleet
Oil and gas and marine services company OEM Group has won a two-year fleet service contract worth up to £1 million ($1.3 million) with energy services company, Go Marine. OEM Group said on Monday that the scope of the work under the global technical support and services agreement will see OEM solely
Popular news, July 4 – 10, 2016
Popular news, July 4 – 10, 2016
Readers’ Picks of the Week (July 4 – 8, 2016)
Fincantieri, CSSC Tap Into China’s Growing Cruise Industry Italian shipbuilder Fincantieri and China’s shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) have signed an agreement for the constitution of a joint venture… Read More Vale Sells Three Valemaxes for USD 269 Mn Brazilian
Pirates Attack Tanker Bouboulina in Gulf of Guinea
A group of armed pirates has approached and opened fire upon a tanker which was underway some 89 nautical miles off the coast of Brass, Nigeria, according to data provided by the International Maritime Bureau’s Piracy Reporting Centre (IMB PRC). The vessel in question was reportedly the 2006-built S
International offshore rig count tumbles in June
Oilfield services provider Baker Hughes informed on Friday that the international offshore rig count for June 2016 was down both sequentially and year over year. According to Baker Hughes’ report, the international offshore rig count for June 2016 was 223, down 6 from the 229 counted in May 2016, an
BW Offshore Secures Extension for Espoir Ivoirien FPSO from CNR
CNR International has exercised option to extend the fixed term of the lease contract for floating production storage and offloading vessel (FPSO) Espoir Ivoirien. The contract extension is from 2017 to 2022, BW Offshore informed. The terms are based on existing extension options, with some adjustme
CMA CGM Rejigs India, MEG Services to East Africa
French container shipping company CMA CGM is to reorganize its Noura Express and Swahili services connecting India, Middle East Gulf and East Africa. Operated with four 2,200 TEU vessels, Noura Express will stop Salalah call and add to its port coverage Mundra, effective July 24, and Port Victoria,
Market Slowdown Impacts Swiber’s West Africa EPCIC
Swiber has informed that due to weakness in the oil and gas sector the West Africa project has not been able to progress in accordance with its original schedule. The company secured the contract in 2014 from a Houston-based oil and gas company to provide engineering, procurement, construction, inst
CNR extends contract for BW Offshore’s FPSO
BW Offshore, a provider of floating production services to the oil and gas industry, has received a contract extension for one of its FPSO vessels. The FPSO provider said on Friday that oil company CNR International has exercised the option to extend the fixed term of the lease contract for FPSO Esp