Africa
Term of the Day: Carnet
A carnet is an international customs and temporary export-import document. It permits a holder to temporarily carry or send merchandise into certain foreign countries, for display, demonstration or similar purposes, without paying duties or posting bonds. There are two types of carnets issued in U.S
Picture of the Day: Dredger in New Suez Canal
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 New Suez Canal will partially run in parallel to the current waterway and partially entail widening and deepening of existing parts there
Image of the Day: SCF Melampus Sets Sail for Nigeria
LNG carrier SCF Melampus, which just joined the fleet of Russian shipping company Sovcomflot (SCF Group), has set sail for Bonny Island, Nigeria. The vessel has embarked on her maiden voyage having passed the inspection of the chartering company Shell with flying colors. SCF Melampus should make one
Drewry Expects Modest Recovery in Dry Bulk Sector
The depressed dry bulk market could recover partly in 2015 and underlying earnings could improve marginally, according to Drewry Maritime Equity Research (DMER). In 2014, the value of equity market participants in listed dry bulk companies eroded massively, with many companies losing more than half
Analysing Security Threats: Man vs Machine
The claim that in today’s information age, with open source media instantly available via mobile devices or at the desk, the ability to identify and analyse security threats before a voyage is considered should not be taken for granted, as explained by maritime intelligence company Dryad Maritime. T
Benin Seeks Dutch Expertise on Port de Cotonou Project
Port of Amsterdam International (PoAI) has been contracted by the Netherlands Embassy in Benin to help revitalise the Port of Cotonou in the West African nation of Benin. PoAI will assist the Netherlands Embassy in developing a strategic master plan in conjunction with an action plan and technical s
UPDATE: Magellan Spirit STS LNG transfer continues
The ship-to-ship cargo operation between Teekay’s LNG carrier Magellan Spirit and Excelerate Energy’s Excellence is underway offshore Nigeria.
UPDATE: Magellan Spirit STS LNG transfer continues
The ship-to-ship cargo operation between Teekay’s LNG carrier Magellan Spirit and Excelerate Energy’s Excellence is underway offshore Nigeria.
Shipping Needs Greater Support from Demand Side
Limited economic growth potential and the slow pace of recovery of the global economy is only easing the pain in the global shipping industry to some degree, according to BIMCO. While the industry continues to suffer from oversupply in the freight market, the International Monetary Fund (IMF) has fu
PHOTO: HMS Enterprise Captures Seamounts Off Northern Africa
Royal Navy’s survey ship HMS Enterprise has captured images of two seamounts laying on the seabed off the coast of Northern Africa. The larger of the two seamounts was measured at 1100m which is taller than Mount Snowdon, the highest mountain in Wales. The second, which is just a fraction shorter at
Afren reviewing its options
Afren plc, an independent oil company with assets in Africa and the Middle East, has confirmed it has been reviewing its capital structure, liquidity and funding requirements, with its advisors . As part of that process Afren has said it is in discussions with its lenders regarding amendments to its
US Extends Visas to Ethiopian Seafarers
The United States has extended C1/D visas to Ethiopian seafarers to two years starting from January 2015. The initiative is aimed primarily at facilitating transit to and from the US by the crews of merchant ships. The demand for Ethiopian seafarers has grown rapidly in recent years, according to th