Africa
OPEC keeps output ceiling at 30 million barrels per day
The 167th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Friday, 5th June 2015, where it was decided the oil production of the member countries would be kept at 30 million barrels per day ceiling. “Member Countries, in agreei
Private Money to Finance New Suez Opening
The opening ceremony for Egypt’s New Suez Canal, scheduled to take place on August 6, will not be paid out of the State budget under directive of President Abdel Fattah El Sisi, Chairman of the Suez Canal Authority Mohab Mamish said. All dredging companies that are participating in the project were
Sonatrach eyeing LNG supply deals in South America
Sonatrach of Algeria is expected to continue sending LNG supplies to Asia as well as look for new customers in South America.
Sonatrach eyeing LNG supply deals in South America
Sonatrach of Algeria is expected to continue sending LNG supplies to Asia as well as look for new customers in South America.
HRAS Issues Guidance on How to Handle Criminal Suspects at Sea
The UK charity Human Rights at Sea (HRAS) and the European Union’s Network of Experts on the Legal Aspects of Maritime Safety and Security (MARSAFENET) have published a new international and independent guidance for Deprivation of Liberty at Sea. This guidance, financed through the European Union CO
DMER: Positive Earnings Outlook for Tankers
The tanker market dynamics in the short to medium term are skewed in favour of market players as oil prices are expected to stay low and oil producers are not expected to cut supply in a hurry in a bid to protect their market share, Drewry Maritime Equity Research Assessment (DMER) believes. “We see
Moore Stephens: Manage Risk or Pay a High Price
Companies which fail to embed effective risk management procedures into their daily activities are likely to pay a high price in today’s tightly regulated and highly competitive shipping industry, the international accountant and shipping adviser Moore Stephens warns. Respondents to the inaugural Mo
Tidewater, T1 Marine Inspect BW Offshore’s Sendje Berge FPSO
Tidewater Subsea in affiliation with its local Nigerian joint venture company, T1 Marine, has completed Mooring and Hull inspections program for BW Offshore’s Sendje Berge FPSO. The inspection included mooring chain measurements, hull cleaning and complete inspection reporting services utilizing the
IADC’s Terra et Aqua Introduced
International Association of Dredging Companies (IADC) has just released the latest issue of Terra et Aqua, their official quarterly publication. The magazine is supported solely by the IADC as a service to the world-wide dredging community and represents IADC’s commitment to the highest standards o
Study: Mega-Ships Not that Mega After All?
With the ever greater inflow of mega-ships in the global fleet it seems that the cost savings introduced by these behemoths have bottomed out as savings are decreasing and might not even be realized, a study about the impact of mega-ships on maritime transport. The study was published last week by t
Bulker Docks at Ras Lanuf, Oil Terminal Still Closed
A bulker berthed at Libya’s Ras Lanuf’s non-oil port to discharge cement but found the port closed with Libya’s National Oil Company (NOC) declaring force majeure. NOC also stated that there would be no oil exports from Ras Lanuf or the neighbouring Es Sider Oil Port. The force majeure was declared
Infographic: Fascinating Shipwrecks
The following infographic shows an overview of sunken ships which were built from 1867 to 1944. The infographic provides you with the current location, discovery dates and many more details, so take a look. World Maritime News Staff; Infographic: East Fremantle Yacht Club