Africa
Update: UMS Denies Involvement in Alleged Port Said Scam
United Mediterranean Shipping Co. denied claims of the company’s reported involvement in attempts at boarding vessels at the Port Said anchorage claiming to be acting on behalf of the Suez Canal Authority (SCA). Last week marine insurer Skuld cautioned masters, crew and vessels calling at Egyptian p
Readers’ Picks of the Week (9-13 of Mar)
Viking Shiptech Introduces 80 Knot Ships Norwegian company Viking Shiptech has developed a new patent pending shipping technology, which is expected to bring in considerable environmental benefits…. Read more VIDEO: One Ship Moved, Houston Channel Remains Partially Closed The bulk carrier Conti Peri
Popular news, March 9 – 15, 2015
The article that you have read the most during this past week was about a jack-up drilling rig, but not just any old jack-up rig, this one was the first ever to drill an offshore well in the UK North Sea. You have also read about a worker that died in an accident on Saturday morning […]
Highlights of the Week – Readers’ Choice
Order Placed for World’s Largest Cutter Suction Dredger Jan De Nul Group has placed an order for a large self-propelled cutter suction dredger JDN8069 with the Croatian shipyard Uljanik Brodogradiliste. Boskalis, Van Oord Sign Rio de Janeiro Dredging Contract Edinho Araujo, head of the Special Por
Afren agrees recapitalisation deal
Afren, the struggling London-listed oil and gas company focused on Africa, has reached a deal with its creditors to create a recapitalisation plan. The Participating Noteholders will provide interim funding of US$200 million by way of new private placement notes. The proceeds of such will be used fo
BG, BP, RWE DEA ink deal to increase Egypt energy supply
BG Egypt has yesterday (March 12) announced the signing of a tie-in agreement with BP Egypt and RWE DEA on March 3, 2015 that will enable the increase of the supply of energy to the Egyptian domestic network through the utilization of BG Egypt’s comprehensive infrastructure. Libra and Taurus fields,
BIMCO: Dry Bulk Rates to Remain Flat
The agony in the dry bulk sector is yet to be prolonged as forecasts for the dry bulk freight rates remain within the same levels. However, according to BIMCO, there are signs of stronger volumes for the second quarter of 2015 which are likely to support the freight market. BIMCO forecasts that the
MSC Adds Piraeus to Its Australia-Mediterranean Service
Switzerland-based Mediterranean Shipping Company (MSC), world’s second largest seaborne containerised cargo carrier, has added a direct Piraeus call to its new Australia-Mediterranean service, starting March 23 from Sydney. The Australia Express will be the only service providing a direct call into
Chariot Finalizes Namibian 2D Seismic Survey
Chariot Oil & Gas Limited has completed its 2D seismic survey offshore Namibia, in conjunction with its partners AziNam (20%), NAMCOR (10%, carried interest) and Ignitus (5%, carried interest). The survey was conducted in Central Blocks 2312 & 2412A. The survey comprised approximately 1,700km line k
Anadarko terminates ‘Belford Dolphin’ contract
Anadarko, a U.S.-based independent oil and gas exploration and production company has terminated a contract for one of Dolphin Drilling’s offshore drilling rigs. Fred. Olsen Energy ASA, a parent company of Dolphin Drilling, has said that its subsidiary has received a termination for convenience noti
IMO Launches Study on D-2 Implementation
The IMO has launched a Study on the implementation of the ballast water performance standard described in regulation D-2 of the BWM Convention. The Study will assess the implementation of the Guidelines for approval of ballast water management systems (G8) and related type approval processes, as wel
Chariot completes seismic survey in Namibia
Chariot Oil & Gas Limited has completed its 2D seismic survey in its Central Blocks 2312 & 2412A offshore Namibia, together with its partners AziNam (20%), NAMCOR (10%, carried interest) and Ignitus (5%, carried interest). The survey comprised approximately 1,700km line kilometres of data and was ca