Africa
Statoil Calls Off Stena Carron Drillship Contract
Statoil has decided to cancel the Stena Carron drillship contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola. The rig contract will cease with effect from 21 November 2014. Statoil’s first well results from the area have been di
Turkey extends LNG deal with Algeria
Turkey signed an extended LNG supply deal with Algeria.
ESC: Shipping Alliances Need a Watchdog
The European Shippers’ Council (ESC) says that shipping industry needs a global authority to keep Vessel Sharing Alliances (VSA) in check, as they are a risky development for the free market for transportation of goods over sea. According to the ESC, the global market will be in the hands of four ma
Strabag, Archirodon Sign Port Louis Contract
A joint venture between Austria’s Strabag and Greek harbor specialist Archirodon has won around €90 million (US$115 million) contract to extend the container port at Port Louis, Mauritius. This development program will be carried out in four phases to allow the harbor to remain in operation while wo
UNCTAD: Global Seaborne Trade Marks Modest Growth
Reflecting stumbling growth in the world economy, world seaborne shipments grew by an average of just 3.8 per cent in 2013, taking total volumes to nearly 9.6 billion tons, UNCTAD’s Review of Maritime Transport 2014 reports. Much of the expansion in seaborne trade was driven by growth in dry cargo f
IADC: South Africa Dredging and Reclamation Seminar
The International Association of Dredging Companies (IADC) has announced the date of the International Seminar on Dredging and Reclamation in South Africa. The Seminar will be held from Monday 23 March through Friday 27 March 2015 in Cape Town. Since 1993 IADC, often in co-operation with local techn
APM Terminals Sets Aside USD 1bn for Tema Port
APM Terminals has signed a Memorandum of Understanding (MOU) with the Government of Ghana, representing a private investment in excess of USD 1 billion for the expansion of Tema Port. The deal was signed through Meridian Port Services (MPS), the joint venture between APM Terminals, Bolloré Africa Lo
Expansion Plan for Tema Port Inked
APM Terminals has signed a Memorandum of Understanding (MOU) with the Government of Ghana, representing a private investment in excess of USD $1 billion for the expansion of Tema Port. The deal was signed through Meridian Port Services (MPS), the joint venture between APM Terminals, Bolloré Africa L
Mauritius: Port Louis Poised for Upgrade
Austrian construction company STRABAG, together with its partner Archirodon Construction (Overseas) Co. SA, has been entrusted with expansion and strengthening of the container harbour at Port Louis, Mauritius. The project has a volume of about € 90 million (USD 115 million), of which STRABAG holds
Interview: Recruiting for Maritime Industry
The global maritime industry is undergoing a very challenging period with industry stakeholders opting for automation of their business operations as much as possible. As the industry pushes further for technological advancement, for many branches it has been very difficult to employ people, especia
Quality Standards Paramount
Quality is the paramount and must be maintained by continuous enhancement of shipbuilding standards, classification survey standards and ship operating procedures, it was concluded during the annual Tripartite meeting between shipowners, shipbuilders and classification societies in Shanghai. The mee
EU: Trade Restrictions Still Prevalent
The tendency to impose trade-restricting measures remains strong among the EU’s commercial partners, fuelling continuing uncertainty in the world economy, the European Commission’s annual report on protectionism shows. The 11th Report on potentially trade-restrictive measures focuses on the period b