Africa
Piracy and Maritime Crime Costing Nigeria USD 1.5 Bn a Month
Nigeria is losing about USD 1.5 billion a month due to piracy, armed robbery at sea, smuggling, and fuel supply fraud as piracy and armed robbery in the Gulf of Guinea increase at an alarming rate, the UN Security Council was told at a debate on Monday. Since the start of the year at least […
NOC Blocks Vessel from ‘Illicit’ Loading
Libya’s National Oil Corporation (NOC) has prevented an attempt from the parallel Beida government aimed at loading oil in a tanker at Tobruk’s Hariga terminal, claiming the export cargo was illicit. The company chairman Mustafa Sanalla said that its subsidiary Agoco was instructed on April 21st by
DW: Recovery in oil prices is coming
Scanning the newspapers, social media and analyst coverage this year, there is consensus that a recovery in oil prices is coming, as a function of a reduction in over-supply, and that upward movement in prices should be expected later this year, Douglas-Westwood has said in its DW Monday report. The
Drewry: Orphaned Carriers Will Have to Find New Partners
The formation of the Ocean Alliance by CMA CGM, COSCO Container Lines, Evergreen Line and OOCL means that carriers who have been left out of the major alliances will have to act quickly to remain competitive on the market either through mergers or finding new partners. Shipping consultancy Drewry ex
Popular news, April 18 – 24, 2016
Read the most popular news of the week.
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (April 18-24, 2016). Boskalis’ Shoalway Busy in Aberdeen Aberdeen Harbor Board’s annual maintenance dredging campaign started last week. Boskalis Expands Dredging Fleet with Magnor The largest and most efficient
Six Pirate Attacks in 24 Hours off Nigeria, Two Crew Kidnapped
Two crew members of an offshore supply vessel were kidnapped by pirates while their ship was underway around 97 nautical miles south west of Brass, Nigeria. According to the information provided by the International Maritime Bureau’s (IMB) piracy reporting center, a group of pirates attacked and boa
Nigeria: Pirates attack two offshore vessels. Two crewmembers kidnapped
Two crewmembers of an offshore supply vessel have been kidnapped offshore Nigeria this week. According to the International Maritime Bureau’s Piracy Reporting Centre , the pirates attacked and boarded the offshore supply vessel underway. Alarm was raised and crew was mustered. IMB PRC says the non-e
Over 160 Countries to Sign Paris Climate Change Agreement
A day-long celebration will today mark the opening for signature of the Paris Climate Change Agreement at the United Nations headquarters in New York, with more than 160 countries having expressed their intention to sign the agreement. Events will start at 8.30 am EST with an opening ceremony in the
IMO Meeting Ends without Deal on Fair Share Contribution
Members of the International Maritime Organization (IMO) failed yesterday to reach a deal on fair share contribution to the goal of keeping the increase in temperature below 1.5/2°C. Consequently, the shipping sector “was left in disarray”, says NGO Transport & Environment. During the Marine Environ
Drewry: Liner Reliability Improves in March
Ocean carriers bucked a five-month downwards trend by improving container service reliability in March, according to Carrier Performance Insight by Drewry Supply Chain Advisors. The average on-time performance in March gained 5.5 points against February to reach 68% with an average deviation from th
Shell defies order to halt production at Nigeria facility
By Tife Owolabi YENAGOA, Nigeria (Reuters) – Royal Dutch Shell has failed to halt production at the Gbaran Ubie oil and gas facility in southern Nigeria, contravening a court order for the site to be sealed and raising the prospect of legal action, state government officials said on Wednesday. A Reu