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Hapag-Lloyd Modifies West Africa, Northern Europe Service
Standalone West Africa Express service (WAX) offers improved transit times, connection to Hapag-Lloyds global service network. Effective August 10, Hapag-Lloyd will offer its customers an improved service between West Africa and Northern Europe, the company announced today. The new West Africa Express service (WAX) provides transits to and from key markets, for instance 13 days from Antwerp to Dakar, and from Abidjan to Antwerp in only 11 days.
CMA CGM Group Upgrades African Service
The CMA CGM Group announced changes to its African service, upgrading its EURAF 4 service to directly connect West Africa to the West Mediterranean markets each week starting July 18, the group announced. Up until now, the EURAF 4 service has been calling the following ports: Tangiers, Lome, Cotonou, Port Gentil, Libreville, Lome and Tangiers. The service upgrade will see added calls in Italy, France, Malta and Spain.
New Guidance on Large Scale Migrant Rescue
The global shipping industry, represented by a cross section of international shipowners' associations and seafarers' unions, has collectively updated the industry's Guidelines on Large Scale Rescue Operations at Sea. This is in response to the continuing crisis in the Mediterranean, in which merchant ships and their civilian crews have so far assisted in the rescue of over 50,000 people. But the Guidelines…
Thousands Rescued At Sea Near Libya
Around 2,700 migrants were rescued from 13 boats near the coast of Libya on Wednesday, Italy's coastguard said. A German navy vessel and a search and rescue ship…
Oaktree Capital Pumps $25 mln into Harkand
Harkand's key shareholder Oaktree Capital Management has reaffirmed a strong commitment with an additional $25 million of funding which will allow the company to expand its footprint in new and existing regions. As well as maintaining its operations in current market conditions, the global inspection, repair and maintenance company has recently been awarded three major frame agreements taking them into West Africa and Mexico for the first time.
Aker Solutions Revenue Steady
EBITDA margin ex. EBIT margin ex. Aker Solutions' revenue was steady at NOK 8 billion in the second quarter of 2015 from a year earlier amid progress on major projects…
Oil Analysts, Experts Weigh In On Iran Nuclear Deal
Iran, the United States and five other major powers reached an agreement to restrain the Iranian nuclear program in exchange for relief from economic sanctions.
Peugeot Plans Expanded Iran Venture After Nuclear Deal
PSA Peugeot Citroen is in advanced talks over an Iranian carmaking venture with historic partner Iran Khodro and expects rapid progress following the diplomatic…
Keppel Secures $85 mln Liftboat Order
Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from Crystal Heights Holdings Limited…
New E-learning Course for Migrant Sea Rescue
UK-based charity Human Rights at Sea (HRAS) announced its cooperation with maritime training provider Marlins on the development and endorsement of a new e-learning course addressing the rescuing of migrants at sea. The new course, entitled Humanitarian Response, aims to provide learners with an understanding of the reasons why migrants and refugees choose a sea route, suggestions for planning and…
Port of Barcelona: Leader in Vehicle Shipping
The automotive industry developed during the 20th century in Barcelona, Spain's principal industrial city and the center of one of Europe's four key development driving regions. The Port of Barcelona claims a leading role in the development of this sector throughout its history, and today it is one of its main factors of competitiveness, both for finished vehicles and containerized part traffic. When the industry began to develop in Catalonia…
RBS to Exit Greek Shipping Portfolio
Royal Bank of Scotland Group PLC is winding down its Greek operation and is looking to sell its USD5 billion shipping loans portfolio, Reuters reported on Saturday.
Tanzania: Dar es Salaam 2015 Port Volume to Increase
Cargo volumes at Dar es Salaam port are expected to rise as much as 25 percent this year, helped by expanded capacity and improved efficiency, Tanzanian president…
12 Migrants Drown, 500 Rescued in Mediterranean
Twelve migrants died on Thursday when their overcrowded rubber dinghy sank off the coast of Libya, the Italian Coast Guard said, while some 500 were rescued in the…
US Forecaster sees El Nino Likely into N. Hemisphere Spring
A U.S. government weather forecaster on Thursday warned that much-watched El Nino conditions are likely to last another nine months, potentially roiling global crops and commodities prices.
Australian Navy Drug Seizures Top $1.7 bln in 2 Years
In its sixth haul in eight weeks, Royal Australian Navy frigate HMAS Newcastle seized 139kg of heroin, with an estimated street value of around $41 million AUD ($30.5 million USD), off the East coast of Africa. Under the auspices of the Combined Maritime Forces (CMF), the latest haul brings the Australian Navy’s total seizures in the Middle East region over the last two years to an estimated street value of $2.3 billion AUD (approximately $1.7 billion USD).
Migrant Sailboat Sinks in Aegean, 17 Missing
A sailboat carrying migrants sank in in the Aegean sea between Turkey and Greece on Tuesday and at least 17 people were missing, Greek authorities said. Greece's…
Antwerp Joins “One Belt, One Road” Taskforce
“One Belt, One Road” is a Chinese development strategy launched at the end of 2013 that focuses on connectivity and cooperation among countries primarily in Eurasia.
Parkinson Retires from Sunderland Marine
Geoff Parkinson, chief executive officer of North P&I Club’s subsidiary Sunderland Marine, retired on 30 June 2015 following a period of ill health. Tom Rutter,…
Aberdeen Pupils Peek into Subsea Oil & Gas Technology
Pupils at an Aberdeen primary school were given a rare insight into the depths of the oil and gas industry’s subsea sector after getting to sit in the driving seat…
Maritime Piracy in the Horn of Africa:
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
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
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
