Africa
Update: Bombed Tanker Headed to Greece
A Greek-owned tanker that was bombed by a Libyan military fighter plane January 4 while moored in the Port of Derna, is currently on its way to Greece, carrying the bodies of two crew members who died in the attack, IHS Maritime 360 reports. A 29-year-old Greek and a Romanian crew member were killed
Crude oil falls below $50. Lowest since May 2009
Brent oil, a global benchmark for crude oil prices, plunged to $49.92 a barrel on Wednesday. According to Reuters, this is the lowest since May 2009. The news agency, citing analysts, said that the oil is falling due to an excessively abundant supply and weak global economy, and the prices are yet t
Photo Update: New Suez Canal Dredging
The New Suez Canal dredging program is progressing very well. Some of the world’s top dredging companies are taking part in this capital project that is designed to enlarge the transit capacity and to increase industrial activity in the area. Included in the project are Boskalis, Van Oord, National
IADC: Facts About Environmental Equipment
The International Association of Dredging Contractors (IADC) has released its new ‘Facts About’ publication on Environmental Equipment. ‘Facts About’ is a series of concise, easy-to-read leaflets which give an effective overview of essential facts about specific dredging and maritime construction su
Maersk to train Transocean’s offshore crew
Starting this month Maersk Training will enter into a global training agreement with an international offshore drilling contractor Transocean. The Danish-based Maersk Training will be responsible for administration of all and delivery of certain training for Transocean’s offshore crew for a period o
Total flares out on Ofon (Nigeria)
Total has completed the flare out of the Ofon field on Oil Mining Lease (OML) 102 offshore Nigeria. The associated gas of the Ofon field is now being compressed, evacuated to shore and monetized via Nigeria LNG, the company said in the press release. “The flare-out of the Ofon field illustrates our
Total completes Ofon flare out off Nigeria
Total has completed the flare out of the Ofon field and will monetize the associated gas via Nigeria LNG.
Interview: Insight into Piracy
The 2014 has been a pretty eventful year with respect to pirate activities, seeing a tragic end with a crew member of a Vietnamese tanker VP Asphalt 2 being killed in a hijacking attack off the eastern coast of Malaysia in December. On the other hand, pirate suspects being taken before European cour
Moody’s: Challenging year ahead on stubbornly low oil price
The global oil and gas industry is entering a challenging 2015 based on stubbornly low oil prices, Moody’s Investors Service says in a new report. Moody’s says that among players exploration and production (E&P) companies will be hit first, while oilfield services (OFS) and midstream energy operat
Drewry Predicts Profitable Year for Container Shippers
Container shipping profitability is expected to improve in 2015, despite record vessel deliveries, driven by lower unit costs, according to the latest edition of the Container Forecaster, published by shipping consultancy Drewry. The global fleet is expected to grow 7.2% in 2015, a faster pace than
CMA CGM Sets Sights on Angola’s Lobito Terminal
The CMA CGM Group said it has signed logistics memorandum of agreements with Multiparques Group defining the two groups association for the terminal operation, and development of logistics platforms in Angola. The deals were inked on December 18th 2014 in Paris. According to Alexis Michel, CMA CGM G
Wind-Powered Freighters Herald New Era
Prompted by the global trend toward reduction of environmental impact of ocean liners a Norwegian engineer has designed a cargo ship that is powered by wind and gas, dubbed the VindskipTM. The concept highlight introduced by Mr Terje Lade, managing director of the company Lade AS, is that the hull o