Africa
Highlights of the Week – Readers’ Choice
Van Oord Paves the Way for Koper Port Growth The Group Luka Koper, one of the fastest growing ports in the Adriatic Sea, and Dutch-based company Van Oord have completed the first phase of the Port Koper deepening project. CHEC Wins Ashdod Port Gig China Harbour Engineering Company (CHEC) has won t
Algerian gas contract goes to CB&I
CB&I said it has been awarded a contract by Groupement Isarene, a joint venture between Sonatrach, Petroceltic International and Enel Trade, to provide FEED services for the Ain Tsila gas field development located in onshore Algeria. CB&I’s project scope includes FEED development for a grassroots 42
Minister Inspects Tema Port Development (Ghana)
Ghana’s Minister of Transport, Mrs Dzifa Ativor, recently expressed her satisfaction on the ongoing development works at the Tema Port that will improve the port’s operations and meet international standards. The expansion projects, which started in 2013 at the cost of $120 million, is being execute
Platts: VLCC Owners Gear Up for Persian Gulf Rate Spike
Worldscale rates for VLCCs on West Africa-to-Far East routes are at steep premiums to rates for Persian Gulf loadings due to many owners’ resistance to long voyages, Platts said quoting market participants. “The Persian Gulf-to-Far East route was assessed at w34 Thursday. The West Africa-to-Far East
Resolute Marine Energy Establishes South African Subsidiary
Resolute Marine Energy, Inc. (RME) recently completed the registration of its 100% owned subsidiary in the Republic of South Africa, Resolute Marine SA (Proprietary) Limited (RMESA). RME COO Olivier Ceberio commented: “We’ve been developing solid business relationships in South Africa for over 5 yea
Eni Secures New Offshore Blocks (Egypt)
Eni was the successful bidder of new exploration licenses in Egypt as a result of the competitive 2013 EGAS bid round. The new licenses will be formally awarded soon, after the ratification and finalization of the Concession Agreements. As a result of the EGAS bid round, Eni will become the operator
MOL Realigning Asia-South Africa Service
Japan’s Mitsui O.S.K. Lines, Ltd. (MOL) is restructuring their existing Asia to South Africa liner services into two direct loops. One service will call South China, while the other loop will directly connect Central China. The jointly operated South China Loop and Central China Loop services will c
Eni gets hands on three exploration blocks in Egypt
Claudio Descalzi, Eni’s CEO, said: “I am very pleased with the acquisition of these new exploration permits which further strengthens our presence in Egypt, a historically and strategically important country for Eni.”
New Equipment Arrives at Dar es Salaam Port
Inchcape Shipping Services (ISS) has recently managed heavy lift vessel project for Shanghai-based heavy-duty equipment manufacturer ZPMC in Tanzania. Last month, ISS Tanzania acted as port and discharging agents for the carrier Zen Hua 21 which was carrying two SSG (Ship to Shore Gantry) and seven
Offshore Drilling Facing Soft Market Conditions
Five-year credit default swaps (CDS) for offshore drilling companies in North America have widened 46% over the past month and 20% over the last week, underperforming other sectors in the region, according to Fitch Solutions. New York-based rating agency Fitch Ratings said that CDS have likely widen
Chevron extends ‘Maersk Deliverer’ rig contract
The ‘Maersk Deliverer’ rig attracted media attention last year after snakes appeared onboard.
Warming Oceans Reshaping Fishermen’s Catch
For the first time, scientists have shown that ocean warming has had a global impact on the mix of species caught by fishermen, The Pew Charitable Trusts reports. Previous studies indicated that some species are shifting location in response to temperature increases, with fish gradually moving away