Africa
Construction starts on Djibouti LNG terminal
A groundbreaking ceremony held on Thursday in Damerjog, Djibouti marked the start of construction of a liquefied natural gas terminal, the Djibouti Ports & Free Zones Authority (DPFZA) said.
Japan’s JOGMEC gains more time to explore off Seychelles
Japan Oil, Gas and Metals National Corporation (JOGMEC) has been given more time to explore for hydrocarbons offshore Seychelles. JOGMEC has signed an extension to the joint survey agreement for the evaluation of the hydrocarbon potential offshore Seychelles with the ministry responsible for hydroca
GSF: Mega Ships and Alliances Still a Challenge for Shippers
Shippers continue to experience poor quality services and disruption to their supply chains since the consolidation of the world’s 20 top lines into 4 ‘super alliances’, the Global Shippers’ Forum (GSF) says, calling for urgent resolving of the issue. In particular, the shippers are faced with bunch
Dana Petroleum spuds wildcat well offshore Cameroon
Dana Petroleum, an oil and gas exploration and production company, has started drilling operations on its high impact exploration well, Manatee-1, on Bakassi West, offshore Cameroon. According to SDX Energy, an oil & gas exploration and production company and partner in the project, the well, which
Container Shipping: Consolidate or Die?
Consolidation in the container shipping industry is happening for the first time in a decade and will likely continue in 2016, according to a new report from AlixPartners advisory firm. The containerized-ocean-freight industry suffered considerably in 2015 amid continuing financial woes and all sign
IADC Presents the Latest Issue of Terra et Aqua
The International Association of Dredging Companies (IADC) has introduced the latest issue of Terra et Aqua, their official quarterly publication. The magazine is supported solely by the IADC as a service to the world-wide dredging community and represents IADC’s commitment to the highest standards
New Katerina Still Stuck in Suez, Lightering of Cargo Underway
Panamanian-flagged Capesize bulk carrier New Katerina remains aground in the Suez Canal and efforts are underway to lighten the ship so as to remove it from the scene. The ship has sustained considerable damage in its fore part due to the grounding and has reported water ingress with some of its com
Vessels Urged to Remain Cautious off West Africa due to Alleged Security Breach
A security breach has allegedly occurred in the Maritime Trade Information Sharing Centre, Gulf of Guinea (MTISC-GoG), resulting in information being leaked to individuals with the intent and capability to launch hijackings in the area, an insurance agency Standard P&I Club informed. The agency adde
Bad Year Start for Liner Reliability
Container service reliability started 2016 on a disappointing note as the average on-time performance slipped by 5.7 percentage points in January to 69.6%, according to Drewry’s Carrier Performance Insight. The latest result represented the worst month-on-month decline since January 2015 (when the o
DW: As output freeze is unlikely to stick, oil price recovery rests on U.S.
Saudi Arabia and Russia agreed to freeze production at January levels on February 16 in the first coordinated effort to stabilise prices for 15 years. Expectations of an output cut were rife in the days leading up to the meeting in Doha, with Brent gaining 10.9% on February 12th, Douglas-Westwood, a
Olympic Scores Deals for Four Vessels
Olympic Ship has secured contracts with undisclosed international contractors for its vessels Olympic Zeus and Olympic Hera, the company informed on Monday. The vessel M/V Olympic Zeus has been chartered for a period of up 9 weeks, including options. The vessel will be carrying out project work in W
Olympic nets new deals for AHTS and OCV vessels
Norwegian shipping company Olympic has been awarded new contracts for the company’s AHTS and OCV vessels with an international contractor. The company’s two multifunctional anchor handling tug supply (AHTS) vessels, Olympic Hercules and Olympic Pegasus, as well as an AHTS and offshore construction v