Africa
Contracts flurry for SapuraKencana
Malaysian oilfield services provider SapuraKencana has today announced several new contracts and contracts extensions. The contracts, worth $459 million in total, have been awarded to the company’s Fabrication, Hook-up and Commissioning division, Offshore Construction and Subsea Services division an
EU Court Orders Compensation to Somali Pirates
The European Court of Human Rights has ordered France to pay compensation to Somali pirates worth thousands of euros for failing to present “promptly” the accused men before a judge upon their arrival to the country. The 48-hour delay was deemed by the Court as violation of the European Convention o
Liberia Issues 2013 MLC Compliance Report
The Liberian Maritime Authority has released the mandatory MLC Annual Report for 2013, stating that the country’s proactive approach to enforcement of the Maritime Labour Convention (MLC) 2006 has resulted in an extremely low deficiency rate for Liberian-flag ships. Liberian International Ship & Cor
Baker Hughes: Offshore rigs up in November
Baker Hughes Incorporated has posted an international rig count report for November 2014 on its Investor Relations website according to which the international offshore rigs are up from last month. The international rig count for November 2014 was 1,324, up 16 from the 1,308 counted in October 2014,
Deep Down Nets $3 Mln in Orders
Deep Down, an oilfield services company specializing in deepwater and ultra-deepwater oil production distribution system support services, has received multiple orders for flying leads and offshore installation equipment. The flying leads will be deployed in West Africa , South East Asia and the Gul
Fearnleys: Tanker Rates Sink Again
A considerable slowdown has pushed tanker rates down in both Middle East Gulf (MEG) and West Africa, according Fearnleys weekly tanker chartering report. Relatively few cargoes are in play at the same time in MEG which is a major change from last week, the brokerage firm said. As indicated in the we
TSA Members Want Higher Container Rates
Member container lines in the Transpacific Stabilization Agreement (TSA) issued a recommendation for a further USD 1,000-per-40-foot container (FEU) general rate increase (GRI) for all origins and destinations. According to TSA members, the proposal reflects stronger than expected holiday traffic an
Egypt to import six LNG cargoes from Algeria
Egypt will import six LNG cargoes from Algeria between April and September 2015.
Recovery on the Horizon for Dry Bulk Carriers
Dry bulk shipping is expected to continue its recovery, thanks to declining excess capacity, increasing iron ore shipments and rising grain trade, according to the latest edition of the Dry Bulk Forecaster, published by shipping consultancy Drewry. The dry bulk market rebounded in the third quarter
Oando, GE sign energy cooperation MoU
Oando and GE Nigeria signed a MoU to jointly develop power generation, CNG and small-scale LNG projects.
IADC: New Terra et Aqua Available
International Association of Dredging Companies (IADC) has just published the latest issue of Terra et Aqua, the official quarterly publication of IADC. The magazine is supported solely by the IADC as a service to the world-wide dredging community and represents IADC’s commitment to the highest stan
Infographic: Polar Code and Ship Safety
This November the International Maritime Organization (IMO) adopted the International Code for Ships Operating in Polar Waters (Polar Code). The Polar Code covers the full range of design, construction, equipment, operational, training, search and rescue and environmental protection matters relevant