Africa
DP World’s Volume Growth Beats Expectations
DP World Limited’s gross container volumes grew by 8.9% on reported basis and 8.0% on a like-for-like basis during 2014, the latest figures show. Namely, DP World handled 60 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during 2014. DP World said that
Term of the Day: Vessel Sharing Agreement (VSA)
A Vessel Sharing Agreement (VSA) is usually reached between various partners within a shipping consortium who agree to operate a liner service along a specified route using a specified number of vessels. It is not necessary for each of the partners to have an equal number of vessels. The quantum of
DNV GL: Oil & Gas industry pessimistic about year ahead
In the face of falling oil prices, confidence in the outlook for the oil & gas industry has dropped dramatically among sector professionals from 65% to 28% in the last three months, according to new research published today by DNV GL. The pessimistic outlook is also reflected in capital expenditure
IADC Kicks Off Photo Contest
To celebrate the International Association of Dredging Companies’ 50th anniversary, IADC is assembling a comprehensive photographic book with impressive pictures of the major dredging projects over the last 50 years. “Beyond Sand and Sea: 50 years – maritime masterpieces” will be published as a limi
DMA Urges Shipowners to Prep for Wreck Removal Regulations
With the upcoming entrance into force of the Nairobi International Convention on the Removal of Wrecks on 14th of April 2015, new regulations will be implemented affecting all signatory countries. Among several provisions, the Convention is aimed at placing financial responsibility for the removal o
Picture of the Day: Construction of New Suez
Egypt launched the New Suez Canal project in August 2014. The construction was ordered by Egyptian President Abdel-Fattah al-Sisi to be completed in one year. The contract includes the construction of the parallel section of the canal with a length of approximately 50 kilometers to allow ships to si
Mild Shift in Ship Speeds Expected
A mild shift in the speeds of containerships, especially on the head-hole, can be expected as new liner mega alliances endeavor to speed up their transit times, according to UK shipping consultant Drewry. Aiming to polish up their brands, liner giants that have joined their operating pools are likel
Skikda LNG unit shut down for maintenance
Skikda gas plant in Algeria shut down its LNG unit for maintenance, sources reveal.
Skikda LNG unit shut down for maintenance
Skikda gas plant in Algeria shut down its LNG unit for maintenance, sources reveal.
Turkish Environmentalists Boycott Ship Carrying Radioactive Waste
Environmentalist groups are urging Turkish authorities to prevent a ship, believed to be loaded with radioactive waste, from entering Turkish waters. Namely, Chevron-operated FPSO Kuito has left Angola recently and is approaching Aegean port of İzmir, where Aliaga shipyard is situated. The vessel is
Emerging West African Ports Threat for West Med Hubs
The double digit growth at the West Mediterranean hubs is likely to be cut as the development of deep water hub ports in the Gulf of Guinea gains momentum,according to UK shipping consultant Drewry. Mediterranean ports like Morocco’s Tanger Med transshipment hub or Algeciras have recorded a signific
NileDutch Names Second Newbuild
NileDutch, Rotterdam-based shipping company specialising in cargo liner services from and to West Africa, held a naming ceremony for the second of four newbuild container ships, the 3,510 TEU MV NileDutch Dordrecht, at PSA Singapore Terminals. The four newbuild container ships will be registered in