Africa
Image of the Day: Smit Amandla Tows Away
Smit Amandla Marine’s tug Smit Amandla, with the assistance of tug Avon Kadnant and TNPA tug Iphotwe today refloated the forward section of the wreck Smart. On 19th of August, 2014, the 151,000 DWT bulk carrier Smart ran aground in the east coast of South Africa after departing Richards Bay Coal Ter
Infographic: Deadliest Sea Crossings in 2014
Thousands of people embark on life-threatening journeys in an attempt to find asylum in more developed countries, mainly Europe, in craft that are neither fit for purpose nor seaworthy. Almost 100,000 boat people have made the dangerous journey across the Mediterranean to Europe this year, a roughly
Dry Bulk Sector Outlook for 2015 Uncertain
Market expectations for China to meaningfully reduce domestic iron ore production in favour of imports proved to be overly optimistic, CEO of shipping company Goldenport Holdings, John Dragnis said commenting on the third quarter results of the company. Dry bulk freight rates during the third quarte
VAALCO encounters H2S at Etame well (Gabon)
VAALCO Energy, Inc. today announced the completion of the Etame 8-H, the first development well drilled from the newly installed Etame platform, offshore Gabon. The Etame 8-H was drilled to a Measured Depth (MD) of 3196 meters and penetrated the Gamba Sand reservoir interval at 1820 meters True Vert
NLNG Turns to Court for Protection
Bonny Gas Transport Ltd and Nigeria LNG Ltd. have taken steps before the court in New York to protect their vessel LNG Finima and other assets from arrest stemming from OW Bunker bankruptcy case. In addition, the court protection is aimed at shielding the two companies from competing claimants seeki
Drewry: Maersk Line, Hamburg Sud Most Reliable
Maersk Line and Hamburg Sud are ranked as the two most reliable container shipping carriers by Drewry’s new online version of the Carrier Performance Insight. Drewry said that Maersk Line and Hamburg Süd were by far the most reliable carriers in the three months to October 2014 with overall on-time
NLNG turns to investors for new dockyard in Nigeria
Nigeria LNG reached out to investors promoting the potential for a new dockyard in the country.
President of Uganda Visits Jebel Ali Port
DP World Chairman HE Sultan Ahmed bin Sulayem met with the President of Uganda Yoweri Museveni at DP World’s flagship Jebel Ali port in Dubai yesterday to discuss areas of future cooperation and mutual interest between Dubai and Uganda. The meeting provided an opportunity for the global marine termi
ICS Issues Guidance on Large Scale Rescue Operations at Sea
The International Chamber of Shipping (ICS) has published new Guidance on Large Scale Rescue Operations at Sea in response to the continuing crisis in the Mediterranean, necessitating commercial ships to rescue tens of thousands of migrants and refugees during 2014. ICS Secretary General, Peter Hinc
Value of Offshore Wind Installation Vessels Set to Soar
The global market value for offshore wind turbine and foundation installation vessels will increase more than fivefold, says research and consulting firm GlobalData. Namely, the market value is set to increase from an estimated USD 0.56 billion in 2014 to approximately USD 2.93 billion by 2020, repr
Nigeria LNG Sets Sites on New Dockyard
Nigeria LNG (NLNG) Limited is in talks with the bank representatives and other financial institutions promoting the potential for a new dockyard in the country. The proposal for the dockyard, to be located in Badagry, follows the conclusion of feasibility studies by Dutch consultancy Royal Haskoning
Egypt: RWE Dea Aims Additional Exploration
RWE Dea has announced plans for further exploration in the Gulf of Suez. At the East Ras Budran Offshore concession, the company plans to acquire seismic and drill an exploration well. The work program for the recently awarded two offshore concessions (the award is subject to approval by the Egyptia