Africa
News in Photos: New Suez Big Dredgers
The Non-Governmental Organization (NGO), Dredging Suez Canal, has posted on its official facebook page the latest photos of the New Suez Canal dredging program. The project was launched by the Chairman of the Suez Canal Authority Mohab Mamish in the presence of Egyptian President Abdel Fattah el-Sis
Highlights of the Week – Readers’ Choice
News in Photos: New Suez Canal Dredging The New Suez Canal development program is moving ahead and is scheduled to be completed this August. GEM Bags $65.6M Contract in Qatar Gulf Earth Moving (GEM), a Qatar-based subsidiary of the Belgian Aertssen Group, has just won a […]
Russia Nominates Candidate for IMO Top Position
The Russian Federation has proposed its first candidate for the position of the Secretary General of the International Maritime Organization (IMO). Namely, in a letter sent to the IMO, Russia nominated the Deputy Director of the Department of State Policy for Maritime and River Transport of Russian
Yemen Shuts Down Ports amid Air Strikes
Yemen shut down all major ports on Thursday amid bomb strikes launched by the Saudi Arabia, Reuters reports. Local sources in Yemen confirmed the closure, according to Al Arabiya News. The ports in question include Aden, Al Mukalla, Al Mokha and Al Hudaydah. It has not been informed when the ports m
New Suez Dredging: Over $2 Billion Spent
Suez Canal Authority head Mohab Mamish said that the Suez Canal expected revenues for the fiscal year 2014/2015 will exceed 40 billion pounds (about $5.2 billion). He told reporters after a Cabinet meeting on Wednesday that the revenues were affected recently because of shortage of foreign currencie
INTERVIEW: Teekay in LNG expansion mode
Teekay LNG, one of the world’s largest owners and operators of liquefied natural gas carriers, providing LNG, LPG and crude oil marine transportation services primarily under long-term fixed rate charter contracts, has been growing steadily in the last years ordering new vessels and posting positive
INTERVIEW: Teekay in LNG expansion mode
Teekay LNG, one of the world’s largest owners and operators of liquefied natural gas carriers, providing LNG, LPG and crude oil marine transportation services primarily under long-term fixed rate charter contracts, has been growing steadily in the last years ordering new vessels and posting positive
AKD: Lack of Ship Definition Threat to Investors
Rotterdam-based law firm AKD says that the lack of an unambiguous term to describe a ‘ship’ in several jurisdictions represents a potential threat to asset security for financiers, particularly in the offshore and renewable energy sectors. “In many jurisdictions, including the US and the UK, there a
Infographic: 50 Years of Containership Growth
The infographic presents you with containership growth starting from 1968 forecasting the next generation of super-sized container shipping giants yet to come in 2018. As is shown in the image, from 1530 TEU to 19.000+ TEU, container-carrying capacity has increased by approximately 1.200% from 1968.
P&O Ports to Turn Around Small and Medium-Sized Ports
The government of Dubai has launched a new port operator named P&O Ports. The company is a subsidiary of Ports, Customs and Free Zone Corporation (PCFC) and will operate as a separate entity to DP World, focusing its business on the operation of small to medium-sized, multi-purpose ports worldwide.
Picture of the Day: DEME Equipment in Egypt
The New Suez Canal development scheme is progressing well and is scheduled to be completed this August. The opening of the new waterway will almost double the Suez Canal capacity and is expected to increase annual revenues to $13.5 billion by 2023. The project was launched by the Chairman of the Sue
Wood Mackenzie: Drilling activity to recover in 2016
The oil & gas industry is responding to the low oil price environment with exploration budget cuts in 2015 which will average 30%, leading to suggestions that exploration activity could be significantly curtailed. However in an effort to drive value, Wood Mackenzie says the industry is addressing a