Africa
Product Tanker Supply About to Outpace Demand
Impending fleet growth is expected to reduce the product tanker market’s earnings over the medium term impacting the healthy returns the market enjoyed in recent years, according to Drewry’s Product Tanker Market Annual Report 2015. The widespread switching of trade by product/chemical tankers (swin
Product Tanker Supply About to Outpace Demand
Impending fleet growth is expected to reduce the product tanker market’s earnings over the medium term impacting the healthy returns the market enjoyed in recent years, according to Drewry’s Product Tanker Market Annual Report 2015. The widespread switching of trade by product/chemical tankers (swin
Greek Coast Guard Arrests Freighter Carrying Undocumented Weapons to Libya
A cargo ship carrying an undocumented shipment of weapons to Libya was arrested yesterday some 20 nautical miles south of the town of Ierapetra, Crete, the Hellenic Coast Guard (HCG) reports. The HCG’s offshore patrol vessel intercepted the freighter en route from Iskenderun (Alexandretta), Turkey,
Greek Coast Guard Arrests Freighter Carrying Undocumented Weapons to Libya
A cargo ship carrying an undocumented shipment of weapons to Libya was arrested yesterday some 20 nautical miles south of the town of Ierapetra, Crete, the Hellenic Coast Guard (HCG) reports. The HCG’s offshore patrol vessel intercepted the freighter en route from Iskenderun (Alexandretta), Turkey,
APM Invests in New Tema Port
A $1.5 billion investment in Ghana’s new port by APM Terminals and its partners is unconventional in its scope, and will have a major role to play in maintaining the pace of one of the world’s fastest growing countries. The new port, build in the capital Accra, will be a modern multi-purpose facilit
Alphaliner: Containerhips Idling Away
Idling of containerships across the global fleet has soared to new high in 2015 reaching 500,00 TEU capacity mark, according to the latest data provided by market analyst Alphaliner. The increased idleness of containerships across the board has been attributed to softening of charter rates that cont
Alphaliner: Containerhips Idling Away
Idling of containerships across the global fleet has soared to new high in 2015 reaching 500,00 TEU capacity mark, according to the latest data provided by market analyst Alphaliner. The increased idleness of containerships across the board has been attributed to softening of charter rates that cont
WODCON XXI Papers Deadline Approaches
September 15th 2015 is the “Call for Papers” deadline for the XXI World Dredging Congress (WODCON). In June 2016, WEDA will host the WODCON, the only worldwide conference dedicated exclusively to dredging and maritime construction. WODCON XXI, occurring in the Western Hemisphere every 9 years, will
ION to Acquire 2D Seismic of Somalia Puntland Margin
ION Geophysical has been awarded a contract from Puntland Petroleum Minerals Agency (PPMA) to acquire 8,000 kilometers of seismic data covering the entire Somalia Puntland offshore margin. The regional 2D multi-client survey, known as PuntlandSPAN, is being conducted to support a future license roun
ION hired for seismic survey offshore Somalia Puntland
ION Geophysical Corporation has received a contract from the Puntland Petroleum Minerals Agency (PPMA) to acquire 8,000 kilometers of seismic data covering the entire Somalia Puntland offshore margin. The regional 2D multi-client survey, known as PuntlandSPANTM, is being conducted to support a futur
ION Bags TPDC Seismic Contract
ION Geophysical Corporation and the Tanzanian Petroleum Development Corporation (TPDC) announced that the TPDC has awarded ION a contract to acquire 4,058 km of 2D seismic, gravity and magnetic data over offshore blocks 4/1B and 4/1C in the Rovuma Delta region. The award follows an international ten
ION shoots seismic beams offshore Tanzania
ION Geophysical Corporation has been awarded a seismic data acquisition contract by the Tanzanian Petroleum Development Corporation (TPDC). Under the contract, ION will acquire 4,058 km of 2D seismic, gravity and magnetic data over offshore blocks 4/1B and 4/1C in the Rovuma Delta region. The award