Africa
BIMCO: Capesize Scrapping Extravaganza Good for Dry Bulk Market
The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage, with Capesizes carrying the lions share, according to BIMCO. In 2014, 25 Capesize ships totaling more than 4.2 million DWT were scrapped. With not even half of the year behind us the numbers have a
State-Building in Libya Key to Resolving Migrant Crisis
A greater focus should be put on state-building in the politically unstable Libya instead of infrastructure destruction by the UN members in order to adequately address the ongoing humanitarian crisis in the Mediterranean, Marshall Consultants Group from Malta believes. European Union leaders agreed
MAST: Security Situation in the Mediterranean Could Get Out of Hand
Incidents of criminality and piracy on the high seas and in coastal areas of the Mediterranean could become more prevalent as the human trafficking organisations become more established, says Phil Cable, CEO of security firm MAST. The rapid increase in human trafficking out of Libya and other North
Baker Hughes: Worldwide rig count falls by 1.120 in April
Baker Hughes has said today that the worldwide rig count for April 2015 was 2,268, down 289 from the 2,557 counted in March 2015, and down 1,120 from the 3,388 counted in April 2014. This includes both onshore and offshore rigs in the U.S. and internationally. The international rig count for April 2
Goldman Sachs: Dry Bulk Freight Rates to Remain Weak in Next 5 Years
Overcapacity and low fuel prices are bound to keep low dry bulk shipping freight rates for the rest of the decade or even longer, according to investment bank Goldman Sachs. With the daily charter rates dwindling, the bank predicts that the average utilization rate of the dry bulk shipping fleet wil
Picture of the Day: Boskalis’ Phoenix 1 at New Suez
The Non-Governmental Organization (NGO), Dredging Suez Canal, has just posted on its official facebook page this beautiful photo of Boskalis’ heavy-duty, rock cutting, stationary dredger Phoenix 1, working on the New Suez Canal dredging project. Boskalis is a member of the consortium that will be ex
AGR to drill well offshore Comoros Islands
The Norwegian AGR and SP Offshore have entered into a Memorandum of Understanding (MoU) under which AGR will provide a range of exploration services and the drilling of an ultra-deepwater (UDW) well off the Comoros Islands. AGR remarks that SP Offshore, through its subsidiary SPO E&P (Comoros) SARL,
Nyusi, Descalzi discuss Area 4 development
The President of the Republic of Mozambique, Filipe Nyusi, for the first time since his appointment last January, met in Maputo Eni’s CEO Claudio Descalzi.
Nyusi, Descalzi discuss Area 4 development
The President of the Republic of Mozambique, Filipe Nyusi, for the first time since his appointment last January, met in Maputo Eni’s CEO Claudio Descalzi.
Royal IHC to Launch TSHD ‘ILEMBE’ on May 9
Royal IHC will hold naming and launch ceremony of the new trailing suction hopper dredger (TSHD) ILEMBE at its shipyard in Kinderdijk on Saturday, 9 May, 2015. Designed and constructed for Transnet National Ports Authority (TNPA), the 5,500m3 capacity vessel will be the largest dredging vessel of it
Eni CEO meets President of Mozambique
The President of the Republic of Mozambique, Filipe Nyusi, for the first time since his appointment last January, met today, May 6, 2015, in Maputo with Eni’s CEO Claudio Descalzi. The meeting was also an opportunity for Eni’s CEO to update the President on the progress of ongoing projects in Mozamb
Strategies for Trade-Type Dredging Projects
The ACI’s European Dredging Summit, scheduled for 7th and 8th of October 2015 in Antwerp, Belgium, will be focused on discussing the essential dredging strategies and environmental monitoring for project approval. The participants will have a chance to learn how to solve the major problems when deve