Seychelles Charges Six Somali Pirates
Six Somali nationals have been charged in the Republic of Seychelles for attempting and committing acts of piracy in the Indian Ocean, the Seychellois Attorney General announced on December 18. The suspected pirates were apprehended in November by EU antipiracy forces following alleged attacks on containership MV Ever Dynamic and fishing vessel Galerna III in the Southern Somali Basin, an area known for piracy.
Qatargas Inks Deal to Deliver LNG to Austria's OMV
State-run Qatargas on Wednesday agreed a sale and purchase deal with Austrian oil and gas group OMV to deliver up to 1.1 million tonnes of liquefied natural gas annually for five years.
SBM Offshore Completes FPSO Liza Financing
SBM Offshore said it has secured the $720 million project financing for FPSO Liza through a consortium of 12 international banks, completed on December 19, 2017. SBM Offshore said it expects to draw the loan in full, phased over the construction period of the FPSO. The financing will become non-recourse once the FPSO is completed and the pre-completion guarantees have been released. The post completion project loan has a tenor of 10 years…
Wah Kwong Maritime's Chao is 2018 CMA Commodore
Award to be presented March 14, 2018 at the conclusion of the CMA’s Shipping 2018 Annual Conference and Exposition. Ms. Sabrina S. M. Chao, Executive Chairman of…
China, Australia Ports Clogged as Coal, Ore Demand Soars
Around 300 ships caught in jam that would stretch 40 miles; freight rates for biggest coal, ore carrier hit 3-yr high. More than 300 large dry cargo ships are having…
Saudi-led Coalition: Air Strikes Keep Port Open
More than 10,000 people killed in Yemeni conflict. The Saudi-led coalition fighting in Yemen said on Wednesday it would keep Yemen's Houthi-controlled Hodeidah port open for a month…
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