Africa
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. Speaking at a press conference on Thursday, el-Wazir said that the number of workers at th
BIMCO: Supply Overtaking Demand in Dry Bulk Shipping
The outlook for 2015 looks a bit dull on the demand side for dry bulk shipping, whereas the supply side seems to provide the same amount of new capacity as in 2014, BIMCO forecasts. As explained, such a development will not improve the fundamental market balance and Supramaxes in particular seem to
ITF: Implementation of IMO’s Safe Manning Regulations Crucial
The International Transport Workers’ Federation called on implementation of new International Maritime Organization (IMO) requirements on safe manning of vessels. Over the past three years the IMO has redefined the concept of safe manning of vessels and as a result, as of January 2015, conditions sh
Halliburton slashes 1000 jobs
World’s second largest provider of oilfield services, Halliburton, will let a thousand workers go, according to reports. The layoffs will affect workers in Europe, Asia, Africa and Middle East, while there will be no workforce cuts in America. Reportedly, Halliburton spokesperson told AFP that the j
Shipping Confidence Plunges to Two-Year Low
Overall confidence levels in the shipping industry fell during the three months to November 2014 to their lowest level for two years just nine months after reaching a six-year high, according to Moore Stephens’ latest Shipping Confidence Survey. The survey revealed increasing concern about the high
IACS to Introduce Requirements on Structural Safety
Two new unified requirements have been developed by the International Association of Classification Societies (IACS) as a result of a post review on MOL Comfort sinking. The casualty of MOL Comfort which occurred on 17 June 2013 saw the vessel’s hull split in two. The two new requirements are: UR S1
VIDEO: New Suez Canal Dredging Moves Ahead
The New Suez Canal dredging project is progressing very well. Suez Canal Authority (SCA) chief Mohab Mamish recently hailed efforts exerted by the workers of the project and the progress they made so far. This development project is designed to enlarge the transit capacity and to increase industrial
UN Agencies Urge for Solution to Irregular Maritime Migration
The International Maritime Organization (IMO) has together with other UN agencies called for concerted action from the international community to address the issue of loss of life, injury, trauma and serious human rights violations affecting migrants, asylum-seekers and refugees traveling by sea. In
Italy Rescued Over 150,000 Migrants at Sea in 2014
Through November 30, 2014, a total of 163,368 migrants have been rescued at sea this year, data released by Italy’s Ministry of the Interior show. That is an increase of 9,923 during the most recent month, which is only about a third of September’s 26,107 arrivals. “There were many days of bad weath
Alfa Laval equipment for two FPSOs in Angola
Swedish Alfa Laval has won an order to supply compact heat exchangers for two FPSOs to be moored offshore Angola. The order, booked in the Energy & Process segment, has a value of approximately SEK 50 million and delivery is scheduled for 2015. The order comprises compact heat exchangers for various
VIDEO: Intelligent Ship Bridges
VTT Technical Research Centre of Finland and Rolls-Royce today unveiled their latest vision of Ship Intelligence – a futuristic ship’s bridge concept which could become reality by 2025. Rolls-Royce predicts that Ship Intelligence will be the next major transition for the shipping industry as ships a
‘Dredging and Port Expansion Africa’ Approaches
Now in its 4th year, Dredging and Port Expansion Africa will take place on 27–29 January 2015, in Durban, South Africa. “Africa’s leading event focused on partnerships for new projects, port accessibility and congestion management will provide you with strategies on how to develop your ports and ter