Africa
Argus: Bigger Suez Canal Does Not Guarantee Increased Traffic
It is yet unclear whether the New Suez Canal will spur more traffic or better accommodate the major rise in throughput since 2011 as macroeconomic factors and toll levels may be far more influential in determining future shipment volumes than the introduction of two-way traffic, according to trade a
Argus: Bigger Suez Canal Does Not Guarantee Increased Traffic
It is yet unclear whether the New Suez Canal will spur more traffic or better accommodate the major rise in throughput since 2011 as macroeconomic factors and toll levels may be far more influential in determining future shipment volumes than the introduction of two-way traffic, according to trade a
World Bank approves $700M investment in Ghana’s Sankofa gas project
The World Bank Thursday approved a $700 million investment in guarantees for Ghana’s Sankofa gas project, located in the Cape Three Points block, 60km offshore Ghana. According to the Washington-based international organization World Bank, Sankofa is a transformational project that will help develop
Sterling, Tullow close stake sale deal for Block C-3 (Mauritania)
Sterling Energy, an oil and gas company with interests in Africa, has completed the acquisition of 40.5% interest in the production sharing contract for Block C-3 (PSC) from Tullow Oil, located offshore Mauritania. The sale and purchase agreement was conducted through subsidiaries, Sterling Energy M
MES Delivers Third Neo60BC Bulk Carrier
Japanese shipbuilder Mitsui Engineering & Shipbuilding (MES) delivered a 60,000 dwt type bulk carrier MV Elbabe to Liberia’s Mangusta Maritime Ltd, in a ceremony held at its Chiba Works on July 31, 2015. This is the third ship of the shipbuilder’s ”neo60BC” eco-ship design, capable of accommodating
MES Delivers Third Neo60BC Bulk Carrier
Japanese shipbuilder Mitsui Engineering & Shipbuilding (MES) delivered a 60,000 dwt type bulk carrier MV Elbabe to Liberia’s Mangusta Maritime Ltd, in a ceremony held at its Chiba Works on July 31, 2015. This is the third ship of the shipbuilder’s ”neo60BC” eco-ship design, capable of accommodating
Vale Hits a Snag in Mozambique
Last week’s collapse of a giant coal stacker at Port of Nacala will delay Brazilian mining giant Vale’s plans to start coal shipments from this Mozambican port in the third quarter of 2015, Reuters reports. Sources familiar to the matter told Reuters that the contractors were investigating the incid
Vale Hits a Snag in Mozambique
Last week’s collapse of a giant coal stacker at Port of Nacala will delay Brazilian mining giant Vale’s plans to start coal shipments from this Mozambican port in the third quarter of 2015, Reuters reports. Sources familiar to the matter told Reuters that the contractors were investigating the incid
Egypt Says New Suez Canal Ready for Business
New Suez Canal is completed and ready to officially receive its first ships, according to Suez Canal Authority chairman Mohab Mameesh. Mameesh said that the USD 8 billion project which took 11 months to complete was finished ahead of time, and the Canal is ready for the official inauguration set for
Egypt Says New Suez Canal Ready for Business
New Suez Canal is completed and ready to officially receive its first ships, according to Suez Canal Authority chairman Mohab Mameesh. Mameesh said that the USD 8 billion project which took 11 months to complete was finished ahead of time, and the Canal is ready for the official inauguration set for
New Wave of FLNG Projects Imminent
A significant growth in both investment and activity in the floating liquefied natural gas (FLNG) market is expected over the next seven years, with Douglas-Westwood (DW) forecasting total expenditure of USD 58.3 billion in its new market report. The industry consultancy attributed 61% of this spend
New Wave of FLNG Projects Imminent
A significant growth in both investment and activity in the floating liquefied natural gas (FLNG) market is expected over the next seven years, with Douglas-Westwood (DW) forecasting total expenditure of USD 58.3 billion in its new market report. The industry consultancy attributed 61% of this spend