Africa
Oil Price Drop Double-Edged Sword for Multipurpose Shipping Market
Global dry cargo demand growth, forecast at 5% per annum from 2016 to 2019, is to be offset by falling project cargo volumes over the next twelve to eighteen months, according to Drewry’s latest edition of the Multipurpose Shipping Market Review and Forecaster. “The fall in oil prices, coupled with
CAP Revisits Guinea-Bissau Data
Cap Energy, a company focused on the exploration, production, and development of oil and gas primarily in sub-Saharan Africa, has announced the results of an independent re-assessment of 2D seismic data by Gas Mediterraneo & Petrolio relating to the Company’s two Guinea-Bissau licences. Block 5B (Ca
Iranian Navy Foils Two Pirate Attacks in One Week
Iranian naval forces have thwarted a pirate attack targeting one of the country’s oil tankers while under way in the Bab-el-Mandeb strait. The attack took place earlier this morning and involved four pirate boats, with 32 armed pirates onboard, Iran’s ISNA news agency reports. Iran’s naval fleet sav
ION Wraps Up NamibiaSPAN Seismic Acquisition
ION Geophysical Corporation announced completion of the seismic acquisition of the company’s NamibiaSPAN™ program, which extends the full length of Namibia’s offshore continental margin. Acquisition was conducted in cooperation with BGP (China National Petroleum Corporation). With an estimated 100 b
Rolls-Royce to Power World’s First Seabed Mining Ship
Rolls-Royce has secured a landmark agreement to supply six of its new B33:45 medium-speed diesel generator sets to China’s Fuijan Mawei shipyard for configuration aboard the world’s first ever seabed mining vessel. The pioneering vessel, designed by Singapore’s SeaTech Solutions for Dubai-based owne
GSF Calls for Rigorous Monitoring of Shipping Alliances’ KPIs
The Global Shippers Forum (GSF) has called for rigorous monitoring of key performance indicators (KPIs) that can provide the required level of confidence to customers that ocean shipping alliances can deliver tangible benefits in terms of reduced costs, competitive ocean rates and improved services
ION Geo wraps up seismic survey offshore Namibia
ION Geophysical Corporation today announced completion of the seismic acquisition stage of the company’s NamibiaSPAN™ program, which extends the full length of Namibia’s offshore continental margin. Acquisition was conducted in cooperation with BGP (China National Petroleum Corporation). With an est
Fugro Establishes New Office in Ghana
Fugro’s continued expansion in Africa was marked with the recent establishment of Fugro Ghana Limited in Accra. This new base provides access to Fugro’s range of services and will support the market for oil and gas projects for its clients in the processes of exploration, construction and field deve
Somali Pirates Moving towards India
Somali pirates are moving their operations toward India as international task forces tighten the surveillance of shipping lines in the Gulf of Aden, according to India’s Defence Minister Manohar Parrikar. The Minister, speaking on the sidelines of the international conference on India and Indian Oce
Allianz: Global Shipping Losses Spiraling Down
Global shipping losses continued their downward trend with 75 reported in 2014, making it the safest year in shipping for 10 years, Allianz Global Corporate & Specialty SE’s (AGCS) third annual Safety and Shipping Review 2015 shows. The review analyzes reported shipping losses of over 100 gross tons
FES Delivers DBSCs for Oceaneering’s Kizomba Subsea Project
FES International has produced and delivered two automatic Diverless Bend Stiffener Connector (DBSC) units to Oceaneering which were installed at the Esso Exploration Angola (Block 15) Limited Kizomba Satellites Phase 2 development located off the Angolan shore, West Africa. The automatic DBSCs are
IMO: 61 Stowaway Incidents Reported in 2014
There were 61 incidents involving 120 stowaways reported in 2014, according to International Maritime Organisation’s statistics. Cape Town and Lagos were the most common ports of embankment. Some 81% of the total amount of cases were from Africa, the most common nationalities involved in the inciden