Africa
LNG in Mozambique gets USD 30 bln push
Mozambique’s natural gas sector will get a $30 billion investment to build the capacity for production of 20 million tonnes per year of LNG, with first exports planned to start in 2018. Reuters reports that the investment will be directed into the development of ports of Pemba and Palma where the LN
Annual Global Cost of Piracy Measured in Billions
The global cost of piracy, including the cost of piracy off eastern Africa, remains uncertain, with existing assessments providing divergent estimates and conclusions. Studies carried out by RAND Institute and the IMB have estimated piracy costs to range between US$1 and US$16 billion per year, acco
Maersk Line Keeps the Lead
Danish shipping giant Maersk Line has cemented its top rating as most reliable line company, according to maritime analyst SeaIntel’s midyear review. According to the review, during the second quarter, the overall industry reliability has improved. However, there is a widening gap between industry p
Ice Crusts Melting Faster Than Ever
Researchers from the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI), have for the first time extensively mapped Greenland’s and Antarctica’s ice sheets with the help of the ESA satellite CryoSat-2, and have thus been able to prove that the ice crusts of both regions m
Eni Starts Production from DEKA Project Offshore Egypt
Eni, through its affiliate IEOC Production BV and in joint venture with BP Egypt, started production from the DEKA project (Denis-Karawan) through the new subsea well Denise South 6 at a gas rate of 1.8 million cubic meters per day and associated condensates of about 800 barrels per day. The DEKA Pr
ENI: Production begins from DEKA project
Eni, through its affiliate IEOC Production BV and in joint venture with BP Egypt, started production from the DEKA project (DenisKarawan) through the new subsea well Denise South 6 at a gas rate of 1.8 million cubic meters per day and associated condensates of about 800 barrels per day. The DEKA Pro
Eni starts gas production in Egypt
Eni, through its affiliate Ieoc Production BV and in joint venture with BP Egypt, started production from the DEKA project (Denis-Karawan) through the new subsea well Denise South 6 at a gas rate of 1.8 million cubic meters per day and associated condensates of about 800 barrels per day. The DEKA Pr
VIDEO: Life on the High Seas
The International Labour Organisation ILO marks a year since the Maritime Labour Convention, 2006 entered into force worldwide on August 20, 2013. The MLC, 2006 provides comprehensive protection at work for seafarers. ILO TV travelled on board a container vessel to hear first-hand from seafarers wha
IMB: Shipping Next Playground for Hackers
The International Maritime Bureau (IMB) is calling for vigilance in the maritime sector as it emerges that shipping and the supply chain is the ‘next playground for hackers’. IMB said, “Recent events have shown that systems managing the movement of goods need to be strengthened against the threat of
UPDATE: Prime Minister Inspects New Suez Canal (Egypt)
Prime Minister Ibrahim Mahlab made an inspection visit to the digging site of the new Suez Canal Development Project on Tuesday. The PM was accompanied by Chairman of the Suez Canal Authority Mohab Mamish. As for funding the digging works of the new Suez Canal, Mahlab said it will be made through pu
Global Containership Fleet Still Too Big
The number of container ships transporting goods around the world has fallen in the first half of 2014 but the total capacity of the global fleet continues to increase, consulting firm Drewry Maritime Research said in a note on Monday. Drewry Maritime Research predicts a fall in the number of contai
Bumi Armada pens its largest FPSO deal
Bumi Armada has announced the signing of a contract with eni Angola S.p.A. for the chartering, operations and maintenance of a Floating Production, Storage and Offloading vessel (FPSO) for deployment at the Block 15/06, East Hub field located in deep water offshore Angola. The contract is for a firm