Africa
Damen Names First Shoalbuster 3009 for SMIT Amandla
The naming ceremony for the first of the two Damen Shoalbusters 3009 being built for SMIT Amandla Marine at Damen Shipyards Cape Town (DSCT), was held today. Jenny Coltman, Spouse of the Chairman of De Beers Group Services, named the vessel Aukwatowa. The Shoalbuster series of multi-purpose, shallow
New Damen Shoalbuster Named
The naming ceremony for the first of the two Damen Shoalbusters 3009 being built for marine solutions specialist SMIT Amandla Marine at Damen Shipyards Cape Town (DSCT), was held on Thursday, 29 October 2015. The Shoalbuster series of multi-purpose, shallow draught workboats are designed for inland
EBRD Earmarks EUR 200 Million for Morocco’s New Port
The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €200 million (USD 218 million) to Société Nador West Med to finance the basic infrastructure for a new port on the Mediterranean coast of Morocco, 30 km from the town of Nador. Société Nador West Med (NWM), a st
EBRD Earmarks EUR 200 Million for Morocco’s New Port
The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €200 million (USD 218 million) to Société Nador West Med to finance the basic infrastructure for a new port on the Mediterranean coast of Morocco, 30 km from the town of Nador. Société Nador West Med (NWM), a st
EBRD Invests Big in Nador Port
The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €200 million to Société Nador West Med to finance the basic infrastructure for a new port on the Mediterranean coast of Morocco, 30 km from the town of Nador. The EBRD investment will contribute to the construct
Statoil enters South Africa
Statoil has completed a farm-in transaction with ExxonMobil acquiring a 35 percent interest in the ER 12/3/154 Tugela South Exploration Right, offshore South Africa. The remaining interests are held by the operator ExxonMobil (40%) and co-venturer Impact Africa Limited (Impact Africa) (25%). “This o
ExxonMobil, Rosneft, Eni win blocks offshore Mozambique
The Institute of National Petroleum of Mozambique (INP) has awarded four blocks offshore Mozambique to oil majors ExxonMobil, Rosneft and Eni in a fifth competitive bidding round for Exploration and Production Concession Contracts. The fifth round started on October 23, 2014 and companies had nine m
Aquapuncture Method Introduced
In its latest issue of Terra et Aqua, the International Association of Dredging Companies (IADC) has released an article named ‘Aquapuncture: Sustainable Future of Inland Waterways’. Aquapuncture is an instrument for the optimal use, adaptation and management of inland waterways and their waterfront
McDermott’s Ghana JV Gets Regulatory Approval
McDermott International has received regulatory approval for its McDermott Marine Construction Ghana Limited (MMCGL) joint venture to pursue key offshore opportunities in Ghana. McDermott and MMCGL officials made the announcement during the 2015 Africa Oil Week in Cape Town, South Africa. The Petrol
McDermott gets green light for Ghana JV
McDermott International, Inc. has received regulatory approval for its McDermott Marine Construction Ghana Limited (MMCGL) joint venture to pursue key offshore opportunities in Ghana. McDermott and MMCGL officials made the announcement during the 2015 Africa Oil Week in Cape Town, South Africa. The
Alphaliner: Container Freight Rates Hit New Lows
Average container freight rates have plunged to their lowest levels in history, with room to fall further as the market enters the traditionally slow winter season, according to market analyst Alphaliner. The China Containerised Freight Index (CCFI) fell to only 752 points last week, the lowest leve
Alphaliner: Container Freight Rates Hit New Lows
Average container freight rates have plunged to their lowest levels in history, with room to fall further as the market enters the traditionally slow winter season, according to market analyst Alphaliner. The China Containerised Freight Index (CCFI) fell to only 752 points last week, the lowest leve