Africa
BIMCO Launches Green Guide
The international shipping association BIMCO has launched a new, three-part guidance resource called Guide to Maritime Environmental & Efficiency Management, to support ship owners and operators in improving their environmental performance and the efficiency of their ships. Developed in partnership
Unique Hydra Gets New Manager
Unique Maritime Group (UMG) has appointed Rodney Mckechnie as the Managing Director for Unique Hydra, based in South Africa. Mckechnie is a seasoned executive with experience gained in international Fortune 100 companies across various industrial sectors including motor manufacturing, food and alcoh
James Fisher Buys Subtech
James Fisher has acquired the entire share capital of Subtech. The initial consideration is ZAR61.0m (£3.4m) in cash plus potential future consideration up to a maximum of ZAR175.0m (£9.9m) based on the Company achieving profit targets in 2015 and 2017. There is an additional profit share above targ
Picture of the Day: Dredgers in Suez Canal
The New Suez Canal project is currently under construction, and is scheduled to be completed in August this year. It will run parallel to the original Canal at a length of 72 km, allowing vessels to travel both ways along its length, cutting transit time from 20 to 11 hours. This giant scheme includ
Ultrabulk Branches Out into MPP Sector
Danish ship operator Ultrabulk’s is launching a new multi-purpose (MPP) service between Europe and Africa. The service will be headed by Mr. Joergen Larsen, who together with a team of experienced professionals has extensive experience from their previous employment with Copenship MPP, as explained
James Fisher in Subtech buy
James Fisher has announced today the acquisition of the entire share capital of Subtech Group Holdings (Pty) Ltd. The initial consideration is ZAR61.0m (£3.4m) in cash plus potential future consideration up to a maximum of ZAR175.0m (£9.9m) based on the company achieving profit targets in 2015 and 2
Photo Update: Heavy Equipment at New Suez
The New Suez Canal project is making progress according to plan, and is scheduled to be delivered next 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
Maritime dispute could hamper Tullow’s TEN project (Ghana)
Tullow Oil, an independent oil company with oil fields offshore W. Africa, has been informed by the Government of Ghana that Côte d’Ivoire has applied for provisional measures to be ordered in Ghana’s maritime boundary dispute with Côte d’Ivoire which is in arbitration before a Special Chamber of th
Eni Hires Maersk Voyager on OCTP Project
Maersk Drilling has been awarded a contract from Eni Ghana Exploration and Production for employment of the newbuild drillship Maersk Voyager. The firm contract period is 3.5 years with an option to extend by one year. The total estimated revenue from the firm contract is USD 545m including mobilisa
Maersk Voyager drillship hired to work off Ghana (Gallery)
Maersk Drilling has been awarded a contract from eni Ghana Exploration and Production Ltd., an Eni subsidiary, for employment of the newbuild drillship Maersk Voyager. The firm contract period is 3.5 years with an option to extend by one year. The total estimated revenue from the firm contract is $5
Who Can Afford Giant Boxships?
The trend of ordering ultra large container ships seems to have picked up the pace recently as more and more lines look to expand their fleets with giant boxships. Drewry Maritime Research has investigated if the lines, many of whom are still in serious debt, will be able to both finance and pay bac
Kosmos discovers gas and condensate offshore Morocco.
Kosmos Energy announced today that the CB-1 exploration well located in the Cap Boujdour permit area offshore Western Sahara, Morocco, encountered hydrocarbons. The well penetrated approximately 14 meters of net gas and condensate pay in clastic reservoirs over a gross hydrocarbon bearing interval o