Africa
Sisi Inspects Damietta Port Project
Egypt’s president, Abdel Fattah Al Sisi held a meeting yesterday with Supply Minister Khaled Hanafi and an expert committee concerned with a mega national project aimed at transforming Damietta Port into an international logistic hub for handling and storage of grain. Committee members reviewed deta
‘Ports and Harbours West Africa’ Begins Next Month
The Ports and Harbours West Africa summit is scheduled for 26 – 28 January, 2015, in Kofi Annan International Peacekeeping Centre, Accra, Ghana. Formally supported by the Ghana Ports & Harbours Authority, the Ports and Harbours West Africa event will focus on operational and construction challenges
Car Carriers to Make Up for the Shortfall?
The capacity growth in the Pure Car Carrier (PCC) sector for the next few years looks fairly moderate with the orderbook standing at 11% of the fleet, judging by Clarksons’ recent market review. Namely, trade is provisionally projected to grow by 5% in 2015, making up for some of the shortfall this
IADC: Striving for Zero Incidents
Dredging operations are risky. They are large, sprawling with hidden dangers amongst heavy machinery. The International Association of Dredging Companies (IADC) members are committed to safeguarding their employees and to continuous improvement in guaranteeing a safe and healthy work environment. To
MPHRP Outraged by Court Decision to Compensate Pirates
Decision of the European Court of Human Rights is repugnant and insulting to all seafarers who have survived piracy attacks, the Maritime Piracy Humanitarian Response Programme (MPHRP) said in a reaction to the news that the French government has been ordered to pay thousands in compensation to Soma
Fitch: Calmer Waters Ahead for Shipping
Calmer waters are ahead for the shipping industry in Europe, the Middle East and Africa (EMEA), according to Fitch Ratings forecasts for 2015. The stable outlook for 2015 is based on expected rebound of sector fundamentals, however oversupply and volatility in rates are likely to persist. Fitch Rati
ICS Ushers In New Chemical Tanker Safety Guide
The International Chamber of Shipping (ICS) has published a fully updated edition of the definitive industry guidance on the safe operation of chemical tankers. The new edition of the ICS Tanker Safety Guide (Chemicals) replaces the previous edition issued in 2002. ICS recommends that a copy is carr
SCA Chief Tours New Suez Canal Dredging
Suez Canal Authority (SCA) chief Mohab Mamish yesterday inspected dredging works on the New Suez Canal project. Mamish 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 industri
ITIC: Careless Errors Bring Costly Claims
Careless errors by ship agents are resulting in costly claims, according to indemnity insurer ITIC. In the latest issue of its Claims Review, ITIC cites the case of a ship agent which incorrectly calculated two pro-forma invoices in respect of port dues, using the cheaper rate for a cargo of malt, r
CLOV inaugurated (Angola)
The CLOV development in Angola was officially inaugurated on December 4, 2014 at a ceremony attended by Angolan Oil Minister José Maria Botelho de Vasconcelos, Sonangol Chairman and CEO Francisco Lemos Maria, Total’s CEO Patrick Pouyanné and Total’s President, Exploration & Production Arnaud Breuill
Readers’ Picks of the Week ( 1st-5th Dec)
Abandoned Vessel Found in Zakyntos Island The Hellenic Coast Guard has found an abandoned vessel loaded with cigarettes in Zakyntos island while conducting a regular patrol on Tuesday, December 2nd.…Read more Pieter Schelte Loses South Stream Gig The world’s largest crane vessel Pieter Schelte will
Popular news, December 1 – 7, 2014
Last week was all about South Stream pipeline cancellation and therefore some of the most read stories in the first week of December were related to South Stream. You have also read about Schlumberger axing its seismic fleet and workforce and offshore worker being evacuated from the North Sea platfo