Africa
Dry Bulk Sector to Bounce Back
Freight rates are set to rise across all dry bulk carrier segments as the global economic recovery gains momentum, ending the sector’s most bearish run since the start of the economic crisis in 2008/2009, according to the latest edition of Dry Bulk Market Outlook issued by the UK-based ship manageme
Egypt: New Suez Canal Project Kicks Off
The Armed Forces have already started carrying out the New Suez Canal Project, according to sis.gov.eg. The digging works were divided into 33 sectors and assigned to specialized civil companies and two road divisions of the Armed Forces Engineering Authority, Brigadier Mohamed Samir said. The work
Liebherr – HS 8300 HD in Dredging Application (VIDEO)
The Liebherr HS 8300 HD Hybrid duty cycle crawler crane weighing over 350 tonnes offers a powerful hybrid drive. When designing the new duty cycle crawler crane Liebherr paid special attention to an extended service life of the machine. In the animation you can see this machine in dredging applicati
Marathon Oil Seizes Pre-Salt Gabon Block
Marathon Oil Corporation, through its wholly owned subsidiary Marathon Oil Exploration Limited, has announced it has signed an exploration and production sharing contract (EPSC) for Gabon offshore Block G13, which was named Tchicuate upon signing, located in the deepwater, pre-salt play. The Company
Marathon snaps up Gabon block
Marathon Oil Corporation, a Houston-based oil and gas company, has signed an exploration and production sharing contract (EPSC) for Gabon offshore Block G13, which was named Tchicuate upon signing, located in the deepwater, pre-salt play. The Company was the high-bidder on the block in Gabon’s licen
South Africa: “Italeni” to Replace “Crane”
The grab hopper dredger “Italeni” last week arrived in Durban on her maiden voyage from the Bulgarian shipyard where she was constructed. She will replace the aging grab hopper dredger “Crane”, which has recently been equipped with a new grab crane that will now be transferred to “Italeni”. The dred
Noble Energy, Woodside in Offshore Gabon EEPSC Deal
Woodside has acquired a 40% participating interest in an exploration, exploitation and production sharing contract (EEPSC) for Block F15 in the Gabon Coastal Basin. Block F15 is located 140 km off the south-western coast of Gabon and covers over 2,700 km². Water depths range from 2,300 to 3,000 m. N
Suez to Lose Its Exclusivity in Large Containership Transits?
Egypt’s announcement on expansion of the Suez Canal by adding a parallel line to the current channel of a total length of 72 kilometres (44.74 miles), has got the shipping industry players thinking about who will benefit the most from the expansion. The multi-billion-dollar plan could nearly double
Offshore Wind Brings GBP 8 Mln to Precision Sheet Metal Company
A precision sheet metal specialist is exploiting the growth in offshore wind after it secured £8m of new contracts for two of the world’s largest manufacturing names. Mec Com, which employs 120 people at its Hixon base, has beat off international competition to deliver assembly and testing for Sieme
Pirated Oil Tanker Safe and Sound at Takoradi Port, Ghana
Greek oil tanker MT Fair Artemis, hijacked by pirates off Ghana’s waters in June this year, has finally berthed at the Takoradi Port to offload oil, according to the Director-General of the Ghana Ports and Harbours Authority (GPHA), Mr. Richard Anamoo. He said the pirates siphoned 3,500 metric tonne
Woodside; Noble acquire offshore Gabon block
“This is yet another exciting opportunity for us in Africa, building on recent acquisitions in Tanzania and Morocco,” CEO says
IRENA Explores Potential of Four Ocean Energy Technologies
The International Renewable Energy Agency (IRENA) has published a series of technology papers exploring the potential for power generation and other sustainable applications from ocean energy. The papers cover the main features and current status of four technology types: tidal energy; wave energy;