Africa
USD 65 Bn Lost in Shipping Assets Value in 2015
Some USD 65 billion was lost in underlying market value in shipping assets in 2015, according to shipbrokers Barry Rogliano Salles (BRS), as the year proved worse for the industry than expected. “This year saw historic (adjusted) lows or near lows in almost all market sectors except tankers. Only th
GIIGNL: global LNG trade climbs 2.5 pct
Global LNG trade hit record high in 2015 driven by new volumes from Australia and Indonesia, GIIGNL, the International Group of Liquefied Natural Gas Importers said in its latest annual report. According to GIIGNL, global LNG trade has grown by 2.5% in 2015, with total quantities reaching an all-tim
DGI Doedijns Provides TUC Cabinets for Kaombo FPSOs
DGI Doedijns has delivered eight topside umbilical connection (TUC) cabinets to be installed aboard two FPSOs at the Kaombo field Block 32 offshore Angola. The TUC’s are a vital part aboard the FPSO as part of turret mooring system to interface with the subsea umbilicals. Each vessel will be equippe
Ship Design Efficiency Standard Set to Low
Shipping’s only legally binding climate measure is not stimulating the uptake of new technologies or driving efficiency improvements, according to a new independent study entitled Historical Trends in Ship Design Efficiency made for Clean Shipping Coalition (CSC) by CE Delft, a research and consulta
Third Weapons Seizure in Arabian Sea
For the third time in recent weeks, international naval forces operating in the waters of the Arabian Sea seized a shipment of illicit arms March 28, the US Navy informed. Just over the past month, the joint maritime forces under the Combined Task Force (CTF150) seized two cargoes containing weaponr
FONASBA: Numerous Countries Unprepared for Container Weighing
There has been no guidance issued on the practical application of the measures regarding the implementation of the amendments to SOLAS VI.2 on container weighing in eighteen countries, a survey from FONASBA, an organisation representing the global ship agency and ship broking professions shows. This
DW Monday: FEEDing the Recovery
Backlogs for subsea equipment manufacturers have been historically high in recent years – following record levels of subsea tree orders posted in 2013-2014, writes Douglas Westwood in its DW Monday report. The process of working through these backlogs has thus-far cushioned the market against the de
Solo boosts Kiliwani North interest
Africa-focused oil and gas exploration and production company, Aminex, has executed a sale and purchase agreement for the disposal of a 3.825% interest in Kiliwani North Development Licence in Tanzania to Solo Oil. The interest was sold for a total cash consideration of $2.16 million. Following full
Popular news, Mar 28 – Apr 3, 2016
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Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (March 28- April 3). Carolina and Kure Beach Nourishment Works in Full Swing The U.S. Army Corps of Engineers is reporting that much progress has been made on the coastal storm damage reduction work being performe
Oil prices fall on scepticism over deal to freeze output
By Dmitry Zhdannikov LONDON (Reuters) – Oil futures edged down on Friday to below $40 per barrel, with the market growing increasingly sceptical that a looming deal to freeze crude production can help clear a global glut. Brent crude for June delivery <LCOc1> fell 64 cents to $39.69 a barrel as of 1
Angola Cables Secures Loan for Angola-Brazil Subsea Link
An Angolan telecom operator, Angola Cables, has secured a loan from Japan Bank for International Cooperation (JBIC) of approximately USD 65.8 million for the construction of a complete submarine cable system connecting Angola and Brazil. The loan was secured through the agreement between JBIC and Ba