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Optimistic on VLCC Market
Shipbroker Charles R. Weber is quite optimistic on the future prospects of the VLCC market for 2016 onwards. The demand is expected to remain elevated with spot…
Eni Finds Giant Egyptian Offshore Gas Field
The Italian energy major Eni SpA discovered a “super giant” natural gas field offshore Egypt in what the Italian oil company said is the largest find in the Mediterranean Sea.
United Heavy Lift Gears up for the Asian Boom
Set to expand its footprint in the South Asian market, Hamburg-based United Heavy Lift (UHL) appointed strategically placed Lexicon Overseas Pvt Ltd. as its General Agents in India…
Migrant Boat Sinks off Libya; 200 Feared Dead
A boat packed with mainly African migrants bound for Italy sank off the Libyan coast on Thursday and officials said up to 200 might have died. A security official in the western town of Zuwara…
Bollore Bags Contract for Kribi Container Port
France's Bollore-led consortium has been awarded the contract to develop and operate a container terminal in Cameroon's deep-water port of Kribi, says a report in Reuters.
Maersk Group Optimistic on $4Bln Profit Target
AP Moeller Maersk Group has continued to fix its eyes on its forecast of a $4 billion profit for 2015, despite the challenges it is facing in its operating environment, according to Thisday Live.
IRS Opens Office in Abu Dhabi
Indian Register of Shipping (IRClass), a leading Classification Society, today announced it has opened offices in Abu Dhabi. Abu Dhabi is the second office location for IRClass in the Middle East…
The FPSO Cost Discussion
At first, the oil-price and project-cancellation forecasts had hushed the audience at FPSO Europe Congress 2015. Speaker No. 1 had delegates looking at each other for signs of fear. Then, rival contractors — veterans of many a bitter tender — piled on the logic of their own methods for cost-cutting in floating production storage and offloading projects. Rather than stamp out competing arguments, a relentless costs discussion had another, unexpected effect.
Interview: Germán Carlos Suárez Calvo, CEO of Astican & Astander Shipyards
How did you find a career in the maritime industry? As a consequence of my father´s dedication to the industry, as founder of a shipping agency in the early eighties as well as partner in a large shipping company and shipyard´s ownership, I grew up in this atmosphere and orientated my academic training towards being able to continuing what he and his business partners created and developed. Although I did start my professional career dealing with other type of businesses within my family…
NNPC Ends Offshore Processing Agreements
Nigeria's state oil company has cancelled its contract for the delivery of crude to the country's refineries in Warri, Port Harcourt and Kaduna, it said on Wednesday.
Sri Lankan Shipping Firm to Launch Vizag, Yangon Service
Sri Lanka based shipping company- Herbilan Shipping Pvt Ltd is all set to launch Colombo-Vizag-Yangon (Myanmar)-Colombo service from September 1, reports the Hindu.
Exercise Cutlass Express 2016 Nations Meet in Tanzania
Maritime professionals from South and East Africa, Europe, Indian Ocean nations and the U.S. met for the Cutlass Express 2016 Main Planning Event (MPE) in Dar Es Salaam, Tanzania Aug. 4 – 7.
Market Weighs on Asia Dry Bulk-Capesize Rates
Tonnage list grows in Pacific, Atlantic oceans; lack of coal cargoes weigh on freight rates. Freight rates for capesize bulk carriers are set to slide further next week…
Syrian Refugee Arrives on Greek Mainland
Syrians want to get to northern Europe. A car ferry carrying just over 2,400 Syrian refugees arrived on the Greek mainland on Thursday as a wave of migrants fleeing…
Mombasa Port Shows Growth, Increased Efficiency
Shipping activity at Kenya's port of Mombasa, East Africa's biggest, rose by 11 percent in the first half of 2015 as vessel wait times fell, the national port authority said on Wednesday.
Refugee Ship Headed for Greek Mainland
Authorities struggling to cope with arrivals; 21,000 people landed on Greek shores last week. A passenger ship that is housing Syrian refugees set sail from the Greek island of Kos on Wednesday…
ISS Bags Tanzania's Paragon project
Inchcape Shipping Services (ISS) has been appointed by Paragon Offshore, Houston, as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands…
Inmarsat's 3rd GX Satellite Launch Confirmed
Inmarsat, the leading provider of global mobile satellite communications services, today confirmed that the third satellite in the transformational Global Xpress…
Jebel Ali Port Become Distribution Hub for Dow Chemical
Marine terminal operator DP World, UAE Region, has reached an agreement with an affiliate of The Dow Chemical Company based in Jebel Ali to support the distribution of Dow‘s products. The contract was signed recently by Mohammed Al Muallem, Senior Vice President and Managing Director of DP World, UAE Region, and Moosa Al-Moosa, President of Dow UAE in Jebel Ali in the presence of senior officials from both organizations.
Inmarsat Schedules Global Xpress Satellite Launch
Inmarsat, a provider of global mobile satellite communications services, has confirmed that the third satellite in the transformational Global Xpress (GX) program – Inmarsat-5 F3 (I-5 F3) – has been scheduled for launch at the Baikonur Cosmodrome in Kazakhstan at 12.44pm (BST) on Friday, August 28. The third Global Xpress satellite to be launched, I-5 F3, will cover the Pacific Ocean Region and will…
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
Maritime Piracy in the Horn of Africa:
Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea
Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck
