Africa
Noble Energy Nabs Egypt LNG Deal
The Egyptian Gas Holding Company (EGAS) signed on February 16 the contract with the Texas-based Noble Energy for seven shipments of Liquefied Natural Gas (LNG), Egypt’s Ministry of Petroleum reports. The first shipment is due in April, with the remaining six scheduled for delivery throughout the nex
Crowley Accord Takes Five Tankers Under Its Wing
Ship management venture Crowley Accord Management was awarded full technical management contracts for five new tankers. The company said that these tankers will be joined in the coming weeks by three more, bringing Crowley’s international ship management fleet to more than 70. The five products tank
DeepOcean mobilizes ‘Rem Forza’ in Ghana
DeepOcean Ghana Limited, a Ghanaian company with 51% Ghanaian owned share structure, today announced that it 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 c
South Africa CSD Simulator Training Set for March
The successful and highly appreciated Simulator Training is brought to South Africa for the first time, in a joint effort by IHC Marine and Mineral Processing (IHC MMP) and the Training Institute for Dredging. The training will run for three consecutive weeks, starting March 16, 2015. Each training
DEME Reaches Milestone on New Suez Canal
Well ahead of schedule, the Consortium Dredging International NV (DI) and Great Lakes and Dock Dredging Company (GLDD) have reached their first dredging milestone of 11.000.000 m³ on lot 6 of the New Suez Canal project. The canal is now reaching 28% completion. The project was launched by the Chairm
Dry Bulk Rates to Bounce Back in Late 2015
Recovery in dry bulk shipping rates not expected until at least the second quarter of 2015.
Tanzania Ports Authority Head Suspended over Alleged Corruption
Tanzania Ports Authority’s (TPA) acting director Madeni Kipande suspended indefinitely.
Photo Update: Progress on New Suez Canal
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
Liner Reliability Plunges
Liner service reliability fell to a record low in January as the effects of US West Coast congestion and the phasing-in of new alliance services took their toll, according to Drewry’s Carrier Performance Insight. The overall on-time performance for the three key East-West trades slumped to a disappo
Baltic Dry Index Hits New Record Low
The Baltic Dry Index (BDI) dropped by another eight points reaching its new record low at 522 points on Monday. The Baltic Dry Index has fallen close to 50% over the past 12 months. The Baltic Capesize Index fell to 614 points, 16 points lower than last reported, whereas Baltic Supramax Index stood
Egypt signs LNG supply deal with Noble Energy
Egyptian Ministry of Petroleum informed that the state-owned EGAS signed a deal with Noble Energy for the supply of 7 LNG cargoes.
Egypt signs LNG supply deal with Noble Energy
Egyptian Ministry of Petroleum informed that the state-owned EGAS signed a deal with Noble Energy for the supply of 7 LNG cargoes.