Africa
CMA CGM Reinforces Presence in Cameroon
The CMA CGM inaugurated its new logistics platform, the Cameroon Container Terminal (3CTC Terminal), on February 19th, 2015. The 2-hectar 3CTC platform, located between Douala and the port, has been operational since January 7th, 2015, and its concession attributed for 25 years. The new platform off
Algerian Dredger ‘Rezoug Youcef’ Revitalized
Damen Dredging Equipment (DDE), the specialist in highly efficient dredging tools within the Damen Shipyards Group, has delivered and installed a new main engine for the stationary dredger “Rezoug Youcef”. The cutter suction dredger, built by De Groot Nijkerk in 1988, has worked in an Algerian reser
Egypt Setting Up Police Force to Protect Suez
A new police department tasked with protection of the Suez Canal is being set up in Egypt amid growing threats to the safety of ships transiting the canal. Minister of Interior Mohamed Ibrahim will assume releasing decisions managing the new department, writes the Cairo Post. Further details on the
LNG Shipping Rates Sliding
The shipping rates to transport Liquefied Natural Gas have fallen to around USD 50,000 a day, the lowest in over four years, Bloomberg reports. The rates of shipping LNG are heading towards further decline, and are almost three times lower than in 2012, when daily rates surged to USD 140,000. Lower
Picture of the Day: First-Hand View of New Suez
Fifty kilometers to the south of Port Said on the Mediterranean Sea, a new waterway is now being excavated parallel to the existing canal. This program is part of the Suez Canal mega project, which includes the development of several seaports in the three governorates bordering the canal, Suez, Isma
SGMF Issues First LNG Bunkering Safety Guidelines
The Society for Gas as a Marine Fuel (SGMF) has released its first edition of the LNG Bunkering – Safety Guidelines. The objective of the guidelines is to provide the bunkering industry with the best practices in order to ensure that gas- fuelled ships are re-fuelled with high levels of safety, inte
Chariot: 2D Seismic Survey Begins Offshore Namibia
Chariot Oil & Gas Limited has, in conjunction with its partners AziNam (20%), NAMCOR (10%) and Ignitus (5%), started a 2D seismic acquisition survey of approximately 1,700km offshore Namibia. SeaBird Exploration is conducting the survey in the Central Blocks 2312 & 2412A, the company informed. Chari
2D seismic survey starts over Chariot’s block offshore Namibia
Chariot Oil & Gas Limited has started a 2D seismic survey of approximately 1,700km in the Central Blocks 2312 & 2412A offshore Namibia. The survey is conducted by SeaBird Exploration. Chariot has said it has agreed with its partners to initially carry out a 2D survey, which will infill an existing g
Global Container Volumes Rise
Global TEU volumes increased by 4% in 2014 to 135.4 million TEUs, the Port of Rotterdam Authority reports. Inter‐continental trade rose by 3.4%, while intra‐regional volumes increased by 5.4% to 30.4 million TEUs. 2014 TEU volumes carried to and from Europe (including all countries bordering the Med
The Shipowners’ Club: Be Wary of New Charterers
A mutual shipping insurance association The Shipowners’ Club has warned its members to exercise caution and undertake enhanced due diligence when entering into new fixtures with unknown charterers, especially those that involve trade to countries where sanctions may apply or where there is limited j
DeepOcean Nets Subsea Construction Contract Off Ghana
DeepOcean Ghana Limited has been awarded a contract to provide the services of a Multi Purpose Construction Vessel (MPV) to Tullow Ghana Limited. The scope of work for the contract is inspection, survey and subsea construction on the Tullow operated deepwater Jubilee and TEN Fields offshore Ghana. T
Intra-Asia Container Freight Rates Hit Four-Year Low
Container shipping rates on intra-Asia trades have fallen to their lowest level in four years, according to Drewry’s Container Freight Rate Insight. Drewry’s Intra-Asia Freight Rate Index fell 10% in the three months to January 2015 to reach $900 per 40ft, its lowest level since Drewry first started