Africa
Shippers to Gain Most from Low Oil Prices
With crude oil down to its lowest price in five years last week, all carriers stand to gain from lower fuel costs, but the competitive and over-supplied nature of the market means that the principal beneficiary will be shippers, according to Drewry Shipping Consultants. If bunker fuel prices were to
Global Shipping Going Digital
United Nations’ International Maritime Organization (IMO) has launched a number of initiatives for eliminating paperwork and reducing the administrative burdens imposed on global shipping. The aim is to make it easier for seafarers, shipowners and maritime administrations to meet the regulations and
Infrastructural Investment Key for Interior African Cargo Transport
There is an urgent need for significant infrastructure investment in both port and inland logistics capabilities in Africa in order to satisfy the projected demands of some of the world’s fastest-growing economies, APM Terminals’ Commercial Director for Inland Services West Africa, Moussa Diop said
Swiber Nets USD 710 Mln West African Contract
Swiber Holdings Limited has made its first foray into the offshore oil and gas market in West Africa by securing an award from a Houston-based oil and gas company to provide Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) services for an offshore field development proj
Swiber clinches offshore field development work
Swiber Holdings Limited has secured an award from a Houston-based oil and gas company to provide Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) services for an offshore field development project, in West Africa. The $710 million project award includes the provision of
CAMAC preps for Gambia 3D shoot
CAMAC Energy’s subsidiary CAMAC Energy Gambia has awarded a contract for the acquisition of a 3D seismic survey offshore Gambia to Polarcus Limited. The survey will cover approximately 1,504 km2 in the company’s A2 and A5 blocks. CAMAC says that the objectives of the seismic survey are to enhance th
APM Terminals: Urgent Need for Ports Investment
Speaking at the TOC West Africa Market Briefing conference, APM Terminals’ Commercial Director for Inland Services West Africa, Moussa Diop, described the opportunities represented by a rapidly expanding and urbanizing sub-Saharan population, and the urgent need for significant infrastructure invest
Readers’ Picks of the Week ( 8-12th of Dec)
World’s Largest Containership Starts Maiden Voyage 19,100 TEU CSCL Globe, the world’s largest container ship and the first in a series of five same-sized ships ordered by China Shipping Container Lines (CSCL) in May 2013…Read more MPHRP Outraged by Court Decision to Compensate Pirates Decision of th
Popular news, December 8 – 14, 2014
An article about SBM Offshore laying off 1200 workers was the most read news story of the week. You have also read about a new report commissioned by Oil & Gas UK stating that the UK offshore oil & gas industry will hire 12.000 new workers over the next five years, ConocoPhillips slashing its 2015 c
Top news of the week December 8-13
GM&T performs first STS LNG transfer Gazprom Marketing & Trading said it has completed the company’s first ship-to-ship transfer of LNG cargo at sea. ExxonMobil: gas to be fastest growing fuel source as demand rises by 65 pct Significant growth in the global middle class, expansion of emerging econo
Highlights of the Week – Readers’ Choice
New Suez Canal Dredging in Full Swing The digging rate after 125 days of work at the Suez Canal Development Project reached 150 million cubic meters on Thursday, said Chief of Staff of the Army’s Engineering Authority Major General Kamel el-Wazir. Massive Achievement for APT Global APT Global Mari
Container Shipping to Turn Up the Speed?
The number of idling ships in the container shipping sector has been reduced to almost zero. However, a question arises on what will be the next step on the supply side for container shipping, according to BIMCO. As the remaining issue in the sector are poor earnings with charter markets at record l