Africa
Stetson no longer in talks to buy blocks off West Africa
Stetson Oil & Gas Ltd., a Forbes & Manhattan Energy Group Company, has reported that the exclusive option agreement entered into with a private company (“Privateco”) for the option to acquire an interest in two prospective exploration blocks offshore West Africa has now been terminated. In connectio
What Remedy Could There Be for Declining Freight Rates?
Drewry’s 2Q14 Container Forecaster highlights that there is a widening gap between the positive financiáis of the few carriers really focused on cutting costs and the rest of the top 20 lines, as they battle with the pressure of falling freight rates. Drewry forecasts that once again, average frei
Government Approves Bonny Channel Dredging, Nigeria
The Nigerian Federal Government has approved dredging operations of the Bonny Channel along with four other channels. The Transport Minister, Senator Idris Umar emphasized that the deepening of the Channel would allow bigger vessels to access the Onne Port, and that the project would have economic b
First Vessels Load Crude from Libyan Ports
Two vessels loaded crude from the Mellitah export terminal and one from Marsa al-Hariga port in Libya over the weekend, thus heralding a recovery of the Libyan oil market output which fell to less than 200,000 bpd. Crude oil tanker EBN Battuta had loaded its crude oil cargo on Saturday, while the se
DSM mooring services for ‘Maersk Discoverer’
Deep Sea Mooring (DSM) has won the contract to provide a comprehensive range of mooring services to Maersk Drilling for its sixth generation, semi-submersible drilling rig Maersk Discoverer. DSM will now design, engineer and install the mooring system for the rig. “This is the first time we’ve worke
DSM to Design, Engineer and Install Mooring System for ‘Maersk Discoverer’
Deep Sea Mooring (DSM) has won the contract to provide a comprehensive range of mooring services to Maersk Drilling for its sixth generation, semi-submersible drilling rig Maersk Discoverer. DSM will now design, engineer and install the mooring system for the advanced rig. “This is the first time we
When to Go on a Cruise?
For travelers looking to book a significant deal on a cruise vacation, timing is everything. Therefore, it is of utmost importance to know what to take in mind especially if you want to strike a good deal. “A great deal for a cruise fare can range anywhere from $50 to $100 per person, per [&hellip
Maridive wins OSV contract in Egypt
Maridive & Oil Services has announced that the company has won a contract worth $26 million in the Offshore Support Vessel (OSV) segment for Petrobel in Egypt. The 2-year contract is scheduled to start in Q4-2014. Maridive’s Q1 consolidated financial results had shown $1.1 million net profit, with a
WSS Sheds Light on Fuel Quality Concerns
Wilhelmsen Ships Service (WSS) has responded to changes in the marine bunker market with a campaign that aims to help shipowners get the best from their residual and distillate fuels. A consistent reduction in the quality of fuels available to shipowners, the need to comply with IMO and EU regulatio
West Africa Service Kicks Off at DP World London Gateway
DP World London Gateway is connecting the UK with West Africa as a new service operated by Hapag-Lloyd (WAX) and MOL (ARN) starts with the Frisia Luebeck, due to call at the port on the 22nd of July. The West Africa service supports the import of goods like canned fish, timber, bananas, vegetables a
Paris MoU Puts Liberian Registry on Top
Liberia has been confirmed as the best-performing major ship registry worldwide over the last three years in the latest statistics from the Paris Memorandum of Understanding (MoU) on Port State Control. The Paris MoU statistics confirm that Liberia had the best detention rate during the last three y
ICS Introduces Guidelines for Recovery of Persons from Water
Guidelines to help shipowners comply with a new International Maritime Organization (IMO) regulation requiring ship-specific plans and procedures for the recovery of persons from the water were launched yesterday by the International Chamber of Shipping (ICS), the global trade association for shipow