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.
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
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
An oil tanker missing for a week off the coast of West Africa was attacked by pirates who stole its cargo, the company that managed the ship said on Thursday after speaking with its captain. The Liberia-flagged MT Fair Artemis had last made contact with its manager, Fairdeal Group SA, on June 4 when it was off the coast of Ghana. "The ship was boarded by a number of pirates who have stolen the cargo and other items on the vessel
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
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.
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
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
State-run Petroperu has launched a tender to buy a 360,000 barrel cargo of a Latin American or West African crude to be received at Conchan and Talara ports on September 26-30, according to a document seen by Reuters on Tuesday. The Peruvian company has been buying 1-2 monthly cargoes of crude
Containership Hammonia Pacificum has been cleared of Ebola risk at the Port of Ricahrd Bay after being stopped previously at several West African ports, according to online ship intelligence and information service VesselsValue.com. The ship, though carrying a 'quarantine alert' yellow flag
Oil traders have begun fixing tankers to take North Sea, West African and Arab crudes to South Africa for storage, hoping for a repeat of the multimillion dollar bonanza they reaped in 2008-2009. Shipping fixtures show that in late July and August, BP , Mercuria
South Africa's Department of Health has published a Cabinet decision with regards to measures to counter and control the potential spread of Ebola from West African countries where outbreaks have been reported. Cases of the disease have been reported in Guinea, Sierra Leone
The cost of Somali piracy to the global economy fell by almost half last year as attacks slumped, but piracy in West Africa was on the rise, an annual security report said on Wednesday. The Oceans beyond Piracy report put the total cost of Somali piracy - by far the largest single threat to
The cost of Somali piracy to the global economy fell by almost half last year as attacks slumped, but piracy in West Africa was on the rise, an annual security report said on Wednesday. The Oceans beyond Piracy report put the total cost of Somali piracy - by far the largest
A Liberia-flagged oil tanker has gone missing off the coast of Ghana and a senior port official told Reuters on Saturday the captain sent a distress call to say the vessel was attacked by pirates. The Liberia-flagged MT Fair Artemis last made contact with its manager
The GAC Group says it is bringing its African market knowledge to US clients in and around the global energy hub of Houston, Texas, with the posting of Gerrit Laubscher, Business Development Manager - Oil & Gas for Sub-Saharan Africa, to share his expertise and focus on promoting trade and
Drum Cussac readies local countries to address the scourge of piracy, which up until now has been a largely international endeavor, with a focused ‘capacity building effort.’ The late Nelson Mandela once said: “I dream of an Africa which is in peace with itself
Wood Group Kenny (WGK) has been awarded an engineering services contract to support Tullow Ghana Limited and its partners through the execution phase of the Tweneboa, Enyenra and Ntomme (TEN) project, offshore Ghana. WGK will provide subsea, umbilical, risers
Ivory Coast has increased its 2014 budget by nearly 4 percent on expectations of higher earnings from cocoa, natural gas and the country's ports, a government spokesman announced on Wednesday. Ivory Coast, the world's top cocoa grower and French-speaking West Africa's largest economy
Nigerian crude oil differentials held at two-year lows on Monday as demand remained subdued, partly due to high shipping costs from West Africa to Europe. Nearly half of the loading program for August, which originally had 65 cargos, was unsold on Monday
Traders in the Brent oil market have started to use a word that was almost forgotten in the last four years - "contango" in industry jargon, which could also be described as "music to the ears of sellers". The market has not seen a prolonged contango time structure - with
Italian oil and gas group Eni said it signed a deal to explore for hydrocarbons in the Republic of Congo's coastal basin, expanding its foothold in sub-Saharan Africa's No. 4 oil producer. At a signing ceremony in capital Brazzaville
A U.S. shipping firm is suing Alcoa for $300 million saying it suffered losses after the aluminium maker breached a contract with the Guinean government concerning bauxite shipments from the world's top exporter, court documents showed. Nanko Shipping and its president Mori Diane filed a civil