OT Africa Line (OTAL), the specialist West African shipping line, has appointed a new Spanish agent, Isamar. Isamar, like OTAL, is part of the Bolloré Group. It shares common goals with OTAL and benefits from the added security of being part of a large, financially strong and well integrated transport organization. Founded in 1993, Isamar is a logistics company with a specific focus on maritime transport. It has offices in nine Spanish cities including, Alicante, Barcelona, Bilbao, Madrid, Las Palmas, Seville, Tenerife, Valencia and Vigo. Isamar also acts as agents for OTAL in Portugal where it has offices in Lisbon and Leixoes. The strengthening of OTAL's agency network in Spain is both a logistical and strategic move. Spain is an important export partner for many West African countries including: Equatorial Guinea, Cameroon, Mauritania and the Gambia. In addition, Spain's prime location in the Mediterranean, neighbouring both France and Portugal, makes it an important transport hub.
A U.N. maritime court reportedly ordered the West African state of Guinea to pay St. Vincent and the Grenadines in the Caribbean more than $2.1 million for firing at sailors on the oil tanker Saiga.
North Sea crude markets held steady mid last week, as a combination of high freight rates and absences at industry functions subdued trade. Dated Brent was assessed near last deal done at April Brent +95 cts, with Brent CFD swaps for this week also in that area. Next weeks CFDs are seen around April Brent +90 cts. Institute of Petroleum week in London is keeping trade to a minimum, as are high freight rates caused by an exodus of older vessels out of Europe in the wake of the Erika spillage
The AP reported that ministers from across Africa's oil-rich Gulf of Guinea agreed at a U.S.-sponsored meeting Wednesday to establish surveillance systems to try to stamp out illegal activity in their largely unpoliced waters. Representatives from 11 agreed in a statement to start using tools such as radar and locator transponders on ships to monitor activity off their coasts. The statement was issued during a three-day meeting in Cotonou, Benin, sponsored by U.S
South Africa's first shipyard to construct oil and gas production platforms was recently opened, according to a Reuters report. The shipyard will provide a foothold for the country to take advantage of a booming oil sector in Angola and other West African countries. South Africa is hoping the $30.4m plant, part of a $258.3m investment by Germany-based MAN Ferrostaal AG, will act as a service hub for Africa's burgeoning oil industry.
OT Africa Line (OTAL) has announced a number of developments to its West African Ro-Ro and container services designed to give customers access to a greater number of ports. The changes will also provide improved transit times and more frequent sailings to ensure even more extensive transport coverage of the trade to and from this region. OTAL continues to operate its established multipurpose Ro-Ro service but with the addition of a restructured improved all-round schedule called the
Taiwan's state-owned Chinese Petroleum Corp (CPC) has bought two very large crude carriers (VLCC) of West African crudes via its September tender, a company official said on Thursday. The volumes were below CPC's usual purchase of three to four VLCCs per month. Each VLCC can load up to two million barrels each. "We have high inventories and not so much requirement," the CPC official said. The details of the tender, which closed on Monday, were still unclear.
OT Africa Line's presence in North West Russia and the Baltic ports has been strengthened with the appointment by the line's German agent, Ernst Glaessel GmbH, of a new sub-agent based in St Petersburg, Dealex Ltd. OTAL believes that, as a result, it has enhanced its operations throughout the region. The appointment of Dealex means that shippers in North West Russia will now have easier access to OTAL's container and break-bulk services to / from St
Overnight from 25 to 26 September 2011, the GRANDE SIERRA LEONE docked at the Unikai terminal at the Port of Hamburg for the first time. It is the first sailing of the newbuild in the West Africa service operated by Grimaldi Lines. The GRANDE SIERRA LEONE joins the “Southern Express” service of the Grimaldi Lines, which now operates with a total of six ConRo ships and links Hamburg with the West African ports of Casablanca, Dakar, Conakry, Lome, Pointe Noire
Pirates attacked the German-owned Liberian-flagged container ship 'Hansa Marburg' off the coast of Equatorial Guinea. Citing the Hamburg-based shipping firm Leonhardt and Blumberg, owners of the vessel, Reuters report that the the four hostages - two Ukrainians, a Russian and one from the Pacific island nation of Kiribati - were taken when the Liberia-flagged Hansa Marburg was attacked on Tuesday by armed men. The raid took place around 130 nautical miles off the coast of the small West
Offshore marine services firm Otto Marine informs it has obained a total of US$24.9 million in charter contracts for three offshore vessels – Redfish 4, Go Canopus and Go Altair. Details as follows: Redfish 4, an 8,000bhp Anchor Handling Tug Supply (AHTS) vessel equipped with dynamic
The European Union (EU) is funding a €1.2 million grant contract, signed between IMO and the African, Caribbean and Pacific Group of States (ACP) to support training and capacity-building activities aimed at enhancing flag State implementation and port State control in Western and Central
The ICC reported that shipowners are facing new dangers from criminal gangs making spurious oil fraud claims. The “victims”/fraudsters try to extort money from owners by bringing action against them for failing to deliver cargoes of oil they allegedly own.
West African oil differentials were unchanged on Friday, with traders on the sidelines as they assessed the impact of lower North Sea supply and awaited a clearer outlook for Libyan exports. The supply of North Sea crude that underpins the Brent benchmark will average 774
The Union Minister of Shipping Shri G.K. Vasan said Indian sailors, Capt. Sunil James and Shri Andi Vijayan, have been released from West African country Togo. The sailors were released this morning at 2. a.m. (Indian Standard Time) and will reportedly arrive back in India tomorrow morning.
A Senegalese navy ship has detained the 'Oleg Naidenov' with 62 Russians and 23 nationals of Guinea-Bissau on board, for alleged illegal fishing within the West African state's coastal waters. The trawler was escorted in to the port of Dakar, reports Ria Novosti.
Capesize iron ore freight rates in the Pacific and Atlantic fell further Tuesday, driven by lower-priced fixtures out of South Africa in the absence of Brazilian and West Australian charterers, reports Platts. Platts say they assessed the Capesize iron ore freight rate at $15
The Russian trawler Oleg Naydenov was recently arrested and escorted in to the Port of Dakar by Senegal navy vessels. If found guilty it faces a doubling of the usual fine, and the arrest has also sparked an appeal by African coastal nations for an opinion from the International Tribunal for the
Piracy at sea has reached its lowest levels in six years, with 264 attacks recorded worldwide in 2013, a 40% drop since Somali piracy peaked in 2011, the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) said.
Suspected pirate vessel off Angola. Dryad Maritime - a UK-based maritime intelligence firm - says situation has not changed since yesterday. Dryad Maritime is warning of the possible hijack of a Liberian flagged tanker MT Kerala. The vessel, owned by Dynacom Tankers
Swiss company PROMAR has ordered two Platform Supply Vessels from Damen Shipyards Group as it looks to further expand the offshore fleet under its management in the next five years. The first Damen PSV 3300 will be delivered in February 2015, and the second in August of the same year.
Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, has announced the expansion of its West African operations with the award of two PSV contracts worth $50 million (USD).
There is very little piracy in the Gulf of Guinea, but criminal gangs are operating widely. Most attacks in West African waters are part of a long running criminal program of cargo theft or kidnapping and ransom inside territorial waters, and not piracy said maritime security company GoAGT.
Ghana's Chief of Naval Staff, Rear Admiral GW Biekro, is convening a conference of senior international Admirals and naval experts to find solutions to further providing security in the Gulf of Guinea. Attending, the Coastal and Maritime Surveillance Africa (CAMSA) summit March 17-20 in Accra
The ICC International Maritime Bureau is asking ships to be extra vigilant when transiting West Africa as piracy in the region becomes a growing concern. Since the beginning of the year, one vessel, MT Kerala, has been hijacked and six were boarded in West Africa