Africa
Drewry: Container Rates to Rise after Hitting Bottom
Container freight rates are forecast to rise modestly over the next 18 months from the all-time lows reached recently, but this will not be sufficient to rescue the industry from substantial losses in 2016, according to shipping consultancy Drewry. Liner shipping has had a torrid time so far in 2016
HR Wallingford: Reducing the Costs of Port Operations
The global economic outlook is uncertain and this uncertainty is leading to depressed investment worldwide, particularly in energy and mining activity. The international ports and terminals sector forms an important part of the infrastructure supporting these activities, HR Wallingford said in its l
Portugal awaits Nigerian LNG cargo
REN’s Sines LNG import terminal is scheduled to receive a cargo of liquefied natural gas from Nigeria next week.
Nigeria’s oil & gas industry ‘ready for a new era in safety’
Nigerian government officials and representatives from the country’s oil and gas sector have joined forces in Lagos on OPITO’s one-day seminar to discuss how to make the country’s energy sector a safer place to work. Over 70 attendees heard from speakers including Onyebuchi Sibeudu, head of safety a
Armed Robbers Board Ship in Guinean Anchorage
An anchored heavy lift vessel was boarded by six robbers armed with machine guns and knives in the Conakry Anchorage, Guinea, according to data from the International Maritime Bureau’s Piracy Reporting Centre (IMB PRC). During the attack, which occurred on July 3, the robbers attacked the duty ordin
Salvors Start Preparing MV Benita for Refloating
The salvage operation on the heavily grounded bulk carrier MV Benita, which ran into trouble on June 17 when it hit the coast of Mauritius, has entered the second phase and preparations for the refloating of the ship are underway. The Greek company Five Oceans Salvage is exploring the possibility of
Drewry: No Respite for Multipurpose Fleet Until 2018
The demand outlook for the multipurpose vessel (MPV) fleet has not improved since the first quarter of 2016 and is set to remain unchanged until the end of 2017 due to persisting weakness in breakbulk and project cargo sectors, according to the latest Multipurpose Shipping Market Review and Forecast
APM Terminals Proves Ready for VGM Container Rules
The Netherlands-based APM Terminals has reported a smooth incorporation of the new Safety of Life at Sea Convention (SOLAS) Verified Gross Mass (VGM) regulations for containers into its daily operations across over 70 locations during the first three days since the rules came into force. Back in 201
PHOTO: Rana readies DSV for Eni gig offshore Congo
Italian provider of platform inspection, repair and maintenance, pipeline inspection and maintenance services, Rana Diving, has been awarded a contract from its compatriot Eni for services to be performed offshore Congo. In order to preform the contract, Rana chartered the DP2 saturation diving supp
Report: Gunmen kill three Eni workers in Nigeria
Three oil workers employed by Italian oil company Eni in Nigeria were reportedly killed last week when a vessel carrying the workers was attacked. According to Bloomberg, which cited a statement by Eni, the vessel was attacked last Wednesday while on its way to a well location for routine operations
Gibson: Tanker Fleet Grows by 203 Units in a Year
After a period of very limited tanker fleet growth across all but the MR sector, the tanker fleet has surged over the past twelve months by another 203 units amounting to 21.9 million dwt, according to Gibson Shipbrokers. The strength of the tanker market during the low oil price regime meant that o
Aminex: Kiliwani North production at 30 mmcf per day
Gas production from the Kiliwani North-1 well in Tanzania reached 30 mmcf per day, or approximately 5,000 barrels of oil equivalent per day, over the weekend with stable pressure recordings at that rate, Aminex has informed. The commissioning process is expected to be concluded with the testing of t