Africa
Too Early to Declare Victory for Dry Bulk Shipping
The depressed dry bulk shipping market has seen a modest recovery since the beginning of the year, spurred by a push for demolition of older tonnage and a slowdown in ordering new tonnage. Namely, a total of 283 ships were sent for scrap this year, totaling 21.8 million dwt, thus marking a 157% incr
Too Early to Declare Victory for Dry Bulk Shipping
The depressed dry bulk shipping market has seen a modest recovery since the beginning of the year, spurred by a push for demolition of older tonnage and a slowdown in ordering new tonnage. Namely, a total of 283 ships were sent for scrap this year, totaling 21.8 million dwt, thus marking a 157% incr
EGAS issues four cargo tender
Egyptian Natural Gas Holding company is reportedly looking for four LNG cargoes.
Azonto sells Vioco stake. Exits Gazelle
Azonto Petroleum has completed a sale of its shares in Vioco Petroleum to Vitol for $4 million, the company said on Friday. This means Azonto has now exited the Gazelle development, offshore Ivory Coast, as Vitol now owns a 100 percent share in Vioco, which is the operator of the block. Prior to the
Coastal and Canal Zone Development Conference Nears
Following the completion of the New Suez Canal project, Egypt is embarking on a number of other new projects with the same goal, establishing itself as a premier destination for transhipment of cargoes. These include the construction of a new $2 billion grain terminal at Damietta, as well as the dev
DNV GL Adds Class Notation for Ship-to-Ship Gas Bunkering
DNV GL has developed a new class notation for gas bunker vessels aimed at ensuring safe fuel transfer operations from one ship to another. This notation addresses safety concerns in this field and covers gas bunker vessels design and additional requirements to support the development of gas fuelled
DNV GL Adds Class Notation for Ship-to-Ship Gas Bunkering
DNV GL has developed a new class notation for gas bunker vessels aimed at ensuring safe fuel transfer operations from one ship to another. This notation addresses safety concerns in this field and covers gas bunker vessels design and additional requirements to support the development of gas fuelled
The High Tide for Tanker Owners Soon to Be Over?
A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings from current highs, according to the latest edition of Drewry’s Tanker Forecaster. Tanker owners have enjoyed high freight rates over the recent period, particularly in the dirty tanker market,
The High Tide for Tanker Owners Soon to Be Over?
A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings from current highs, according to the latest edition of Drewry’s Tanker Forecaster. Tanker owners have enjoyed high freight rates over the recent period, particularly in the dirty tanker market,
Global Liners More Reliable in Q2
Global liner schedule reliability in the second quarter of 2015 improved to 76.5% from 69.6% in the previous quarter, improving 1.8 percentage points on a year-on-year level, as reported by maritime analyst SeaIntel. In 2015-Q2 all top-20 carriers recorded an increase in schedule reliability over 20
Global Liners More Reliable in Q2
Global liner schedule reliability in the second quarter of 2015 improved to 76.5% from 69.6% in the previous quarter, improving 1.8 percentage points on a year-on-year level, as reported by maritime analyst SeaIntel. In 2015-Q2 all top-20 carriers recorded an increase in schedule reliability over 20
Circle Oil renews exploration permit on Mahdia (Tunisia)
Circle Oil Plc, the North African focused oil and gas exploration, development and production company, has announced that the Tunisian Authority has approved the application to renew the exploration permit on its Mahdia block, offshore Tunisia. The Permit is being extended for three years until Janu