Africa
Sunergy: Dredging Operations Start in Liberia
Sunergy Inc. commenced Dredge #1 operations in Bomi Hills area of Liberia and will move Dredge #2 into position in one week, at least two weeks ahead of schedule. Both dredges are owned and operated by the Company in support of local licensed tribal artisanal efforts to harvest diamonds and gold. Th
COPL starts drilling campaign and expands interest in West Africa.
Canadian Overseas Petroleum Limited, the offshore West Africa focused oil and gas exploration and development company, has provided a corporate and operational update. London Listing COPL has received approval from the UK Listing Authority for the publication of a prospectus relating to its admissio
Fitch Ratings: Container Shipping Is Poised for Further Consolidation
Consolidation in the container shipping segment via alliances or mergers is likely to accelerate due to persistent overcapacity and freight rates pressure, Fitch Ratings said. Recent developments, including the proposed merger of Hapag-Lloyd and CSAV, US regulatory approval of the P3 Network, and th
ECSA Supports Commission in Extension of Liner Consortia Block Exemption
The European Community Shipowners Associations (ECSA), the International Chamber of Shipping (ICS) and the World Shipping Council (WSC) have replied today to a public consultation launched by the Commission on its proposal to extend the period of application of the so-called liner consortia block ex
AIDA Diva Meets German Frigate FGS Hessen at Sea
It’s not every day that passengers on board a civilian cruise liner would get so close to a warship on operations that they could wave to each other, but this is just what happened last week when the German cruise liner, AIDA diva, with over 2,000 passengers on board, met German frigate FGS Hessen a
Nam Cheong Hauls in $43.1 Mln
Nam Cheong Limited, a group specialising in the building of offshore support vessels (OSVs), has sold another two vessels worth approx. $43.1 million, making it a record sale of seven vessels within the first three months of this year. With these latest contracts, Nam Cheong’s order book has hit $42
Bumi Armada, Eni Ink Angola FPSO LoI Worth USD 2.9 Bln
Malaysia-based Bumi Armada Berhad has received a Letter of Intent (LoI) from eni Angola S.p.A, for the award of a contract for the chartering, operation and maintenance of a FPSO vessel to a consortium of Bumi Armada Offshore Holdings Limited and Angoil Bumi JV Limitada (ABJL) for deployment at Bloc
Dolphin Awarded Seismic Survey Contract in East Africa
Dolphin has been awarded a 3D seismic contract with a non-disclosed major Oil Company in East Africa. The survey, covering several areas to be explored, will be carried out with a Dolphin high-capacity 3D vessel capable of towing 12 or more seismic cables. Dolphin will commence the planned 4 months
Bumi Armada in $2.9 Bln Deal with Eni Angola
Bumi Armada, the largest owner and operator of offshore support vessels in Malaysia has received a Letter of Intent (LOI) from Eni Angola S.p.A. for the chartering, operation and maintenance of a floating production, storage and offloading vessel (FPSO). Eni Angola has stated its intention to award
Bumi Armada, Eni sign $2.9B Angola FPSO LOI
Bumi Armada will convert a Very Large Crude Carrier into an FPSO which will serve Eni in Angola. Malaysia-based international offshore oilfield services provider, Bumi Armada Berhad has received a Letter of Intent from eni Angola S.p.A , a wholly-owned subsidiary of Eni S.p.A. the Italian multinatio
Shipping Confidence Hits Highest Level Since 2008
Overall confidence levels in the shipping industry rose to their highest level for almost six years in the three-month period to February 2014, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Freight rates look set to improve or m
Dolphin to carry out seismic survey in East Africa
Dolphin Geophysical has been awarded a 3D seismic contract with a non-disclosed major Oil Company in East Africa. The survey, covering several areas to be explored, will be carried out with a Dolphin high-capacity 3D vessel capable of towing 12 or more seismic cables. “Dolphin will commence the pl