Africa
IMO: Business as Usual in Ebola Affected Areas
There should be no general ban on international travel or trade due to the Ebola virus disease outbreak in West Africa, the International Maritime Organization (IMO) reiterated on Friday, October 24. The announcement was made in line with the recommendations of the third meeting of the Emergency Com
Secondhand Market Sparking High Investments
In the first nine months of 2014, recorded investment in sale and purchase transactions in secondhand market has almost exceeded last year’s total already, with a reported USD 19 billion having changed hands, according to Clarksons. “Due to a growing sense of optimism that market conditions would ev
Vessel Operating Costs Expected to Rise
Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, the latest survey by international accountant and shipping consultant Moore Stephens reveals. The survey is based on responses from key players in the international shipping industry, predominantly shipowners
UN Approves Vessel Inspections for Charcoal and Arms off Somalia
The United Nations Security Council has authorized the inspection of vessels in territorial waters and on the high seas which they had “reasonable grounds” to believe were carrying charcoal from Somalia, in violation of the charcoal ban from 2012, or weapons or military equipment, in violation of th
Bowleven gets nod for completion of Etinde farm-out
Bowleven has received notification from the Ministry of Mines of the Cameroon Government’s approval of the assignment of the Etinde equity interests to LUKOIL/NewAge, and the associated transfer of operatorship to Camop. As a result of the Government’s official approval, the only remaining formality
Highlights of the Week – Readers’ Choice
Boskalis and Van Oord Confirm New Suez Canal Gig Royal Boskalis Westminster N.V. (Boskalis) and Van Oord have officially confirmed that a consortium consisting of Boskalis, Van Oord, National Marine Dredging Company (NMDC) of Abu Dhabi and Jan de Nul (Belgium) has won a major contract from the [&hel
Readers’ Picks of the Week (20-24th of October)
Clyde and Co: Ships with Fatigued Crew Unseaworthy If a ship’s crew doesn’t receive enough rest while trying to keep up with a ship’s schedule, there should be a regulatory framework under which the ship could be considered unmanned or unseaworthy, Law firm Clyde and Co claims… Read More BIMCO: Chan
Top news of the week October 20-25, 2014
Woodside to shut Train 1 at NWS LNG LNG player Woodside will shut Train 1 at its North West Shelf LNG project in the fourth quarter for a planned maintenance. Angola LNG restart pushed back to late 2015 After a major rupture on a flare line shut the facility down after less than a year […]
Popular news, October 20 – 26, 2014
The articles you have read the most this past week include an article on tragic death of Total CEO; the death of two workers offshore Malaysia; Baker Hughes joining the Bentley field development group; new CEO appointment at Noble Energy; contract extensions for two Ocean Rig’s drillships; new disco
VAALCO to drill four wells off Angola by late 2017
VAALCO Energy, Inc. has entered into the Subsequent Exploration Phase (“SEP”) on Block 5 offshore Angola. VAALCO has entered the SEP together with its working interest partner, Sonangol P&P, as provided for in the Production Sharing Agreement signed in 2006 with the Republic of Angola, the company e
Effective State Governance Crucial in Combating Somalia Piracy
While noting the progress made to combat piracy off the coast of Somalia, the United Nations Under-Secretary-General for Political Affairs Jeffrey Feltman said that a sustained long-term solution must include the presence of effective Government and State institutions that provide basic services and
Kleven Builds Mineral Exploration Vessel for De Beers
Kleven has signed a contract with diamond company De Beers Marine Namibia, part of De Beers Group, on the building of a highly specialised vessel for deep water mineral exploration. The first of its kind vessel will be of MT 6022 design from Marin Teknikk. This design is well proven within the offsh