Africa
Crystal Cruises Names New Cruise Vessel
Los Angeles-based cruise line Crystal Cruises expanded its fleet on Saturday as it christened its new cruise vessel Crystal Esprit in a ceremony held at Eden Island Marina in Mahé, Victoria, Seychelles. Owned by Genting Hong Kong, Crystal Cruises said that the vessel “marks the beginning of one of t
Fugro Bags Survey Work Offshore Guyana
Fugro has been awarded a contract by Esso Exploration and Production Guyana Limited, an ExxonMobil affiliate, for survey services at a deepwater field development offshore Guyana. The contract provides for autonomous underwater vehicle (AUV) geophysical survey and an environmental baseline survey, a
ITC Global to provide comms for five FPSOs in W. Africa
ITC Global, a provider of satellite communications to offshore sites, has been awarded two contracts to provide remote offshore communications to five floating production, storage and offloading (FPSO) vessels based in Western Africa. The company said both contracts spanned three years with services
Egypt expanding LNG infrastructure
Egyptian Ministry of Petroleum on Wednesday revealed a US$324 million investment into infrastructure projects that will increase the country’s capacity to transfer and handle petroleum products in Ain Sokhna.
KCA Deutag parts with Ben Loyal rig
KCA Deutag, a global drilling and engineering contractor, has sold its jack-up drilling unit, the Ben Loyal, to Egyptian-headquartered Advanced Energy Systems A.D.E.S. SAE for an undisclosed sum. According to the drilling contractor, the Ben Loyal had been continuously under contract in the Gulf of
Ophir enters African Petroleum’s Ivory Coast block
African Petroleum, an independent oil and gas exploration company, has entered into a new Production Sharing Contract with Ophir Energy plc covering the company’s CI-513 licence area in the Ivory Coast. In accordance with the terms of the new PSC, Ophir Energy holds a 45% interest and is operator, A
BIMCO: China’s Scrapping of Younger Ships May Increase Newbuilds
International dry bulk shipowners seem only to scrap ships aged eighteen years or older, while some Chinese owners have scrapped ships that were even younger than that, according to the Baltic and International Maritime Council (BIMCO). Nineteen ships out of 28 ships built in 1998 to 1999 and demoli
Popular news, December 13 – 20, 2015
Popular news, December 13 – 20, 2015
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (December 14-20). Dredger Fernao de Magalhaes Arrives in Saint-Nazaire The Jan De Nul’s cutter suction dredger Fernao de Magalhaes arrived in Saint-Nazaire on 10th December for a series of repairs. Anglo Belgian
Shipping Confidence Continues Downward Trend
Overall confidence levels in the shipping industry fell in the three months to November 2015, according to the latest Shipping Confidence Survey from shipping adviser Moore Stephens. The average confidence level expressed by respondents in the markets in which they operate was 5.6 on a scale of 1 (l
Matola Terminal Fire Claims Fifteen Victims
An explosion and a fire which took place on Sunday at the Stema grain terminal in Matola, part of the Maputo port complex in Mozambique, have claimed fifteen victims, local media informed. According to the report, the cause of the incident is still under investigation, however it is believed that th
Law firm: Good time to buy distressed offshore services companies
Shipping and offshore specialist law firm Wikborg Rein says current low oil prices could mean there are bargains to be had for investors in the offshore sector who follow recommended procedures for assessing and acquiring distressed companies. Birgitte Karlsen, a partner in the London offices of Wik