Africa
From Birth to Boom in Hong Kong
The International Association of Dredging Companies’ (IADC) Conference, “From Birth to Boom: Asian Maritime Megastructures,” took place at the Island Shangri-La hotel, Hong Kong on October 23, 2015. Hong Kong was chosen as the location to commemorate the turning point of today’s dredging and maritim
IEA: Low oil price could trigger energy-security concerns
An extended period of lower oil prices would benefit consumers, but would trigger energy-security concerns by heightening reliance on a small number of low-cost producers, or risk a sharp rebound in price if investment falls short, says the International Energy Agency (IEA) in the 2015 edition of it
Swiss Shipping Line and ACC Team Up on US RoRo Services
Lebanon-headquartered Swiss Shipping Line and Jacksonville-based Africa Car Carrier have formed a joint venture company in an effort to to strengthen their RoRo services in the U.S. The new company, operating under the name of Blue Alliance Shipping, will combine resources and experience of the two
OAP and Interoil Angola Enter Strategic Partnership
Ocean Atlantic Petroleum (OAP) and Interoil Angola have expanded their portfolio of services after entering into a strategic partnership. OAP is an Angolan company providing oil and gas operators and contractors with subsea production and well intervention systems engineering, maintenance and operat
Popular news, November 2 – 8, 2015
Popular news, November 2 – 8, 2015
Readers’ Picks of the Week (Nov 2nd-6th, 2015)
CEO of Fredriksen Group Arrested in Norway Chief Executive Officer of the Fredriksen Group Jo Lunder was arrested by Norwegian police in Oslo on Wednesday Reuters reports… Read More Royal Caribbean Orders 5th Quantum-Class Ship Royal Caribbean Cruises Ltd has ordered a fifth Quantumclass ship from M
TNPA Maps Out Infrastructure Project Plans
The ports industry is in a state of radical change and uncertainty, which requires flexible and adaptable port planning and design, said Phyllis Difeto, Transnet National Ports Authority’s (TNPA) Chief Operations Officer, while speaking at the African Ports Evolution 2015 conference in Durban. “The
Top news of the week November 2-7, 2015
Chevron: Gorgon set for LNG cooldown cargo mid-December (Video) Chevron’s 15.6 mtpa Gorgon LNG project in Australia is in the final stages of commissioning systems to allow start-up of Train 1. Shell appoints new gas chief Royal Dutch Shell said on Tuesday it appointed Maarten Wetselaar Integrated G
Mitsui: Mozambique LNG FID in March 2016
Mitsui’s chief financial officer, Keigo Matsubara said on Friday that a final investment decision on the Mozambique LNG project will be made by the end of March 2016.
HKND Group: Nicaragua Grand Canal Gets Environmental Permit
China’s HKND Group received an environmental permit for its USD 50-billion Nicaragua Interoceanic Grand Canal Project. After HKND submitted the Environmental and Social Impact Assessment (ESIA) to the Government of Nicaragua in May this year, the government approved the Assessment for the Grand Cana
International offshore rig count falling off
Baker Hughes has reported that the international offshore rig count for October 2015 has declined year over year and gone up a bit when compared to September rig count. Baker Hughes’ international rig count covers rigs from Latin America, Europe, Africa, Middle East and Asia Pacific. According to Ba
APM Terminals Takes a Hit in Q3
Maersk’s terminal operating company, APM Terminals delivered a profit of USD 175m in the third quarter of 2015, substantially down from USD 345m reported in the same period last year. The company’s return on invested capital (ROIC) was 11.6%, down from 22.5% in 2014, and the underlying profit was US