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Asia Dry Bulk-Capesize Market 'Imploding'
Capesize rates fall to six-year lows; rates below ship operating costs, according to accountancy firm. Rates for capesize bulk carriers on key Asian routes, which…
Chevron Takes Cummings on Board
Chevron Corporation informed that Alexander B. Cummings Jr. has been elected to Chevron's board of directors, and he will serve on the company's Audit Committee.
RWE Dea to Expand in Egypt
RWE Dea doubled its oil and gas production in Egypt and drawn up expansion plans. North Africa is a strategic core region for Dea. The company is one of the leading…
Crime DOES Pay: Denmark Compensates Suspected Pirates
Denmark has compensated nine Somalis suspected of trying to hijack a Danish ship in 2013 because they were detained too long before being brought before a judge…
China Eximbank Loans $875m for Container Terminal
China Eximbank has loaned Ivory Coast $875 million (approx.) for the construction of a second container terminal at Abidjan port, noted the port's General Director.
Kenyan Wind Project Wins Financing
Kenya's delayed Lake Turkana Wind Power project is expected to start generating power by 2017 after the African Development Bank backed financing to build a transmission…
Spain Abandons Search for Migrants at Sea
Spanish rescue teams said they had called off their search for more than 20 migrants who fell off their boat into the Mediterranean on Friday. Around 30 others,…
EUCAP Nestor Head of Mission visits Seychelles
On 4 and 5 December, EUCAP Nestor Head of Mission, Etienne de Poncins, visited EUCAP Nestor’s Country Office in the Seychelles. During his visit, he met several…
Danish Maritime Takes Center Stage
The inaugural Danish Maritime Days was held with the goal of providing an open platform for a diverse range of industry stakeholders to collaboratively address some of the largest issues facing the maritime sector; but the event also showcased a resurging maritime nation asserting itself on the international radar. From October 6-10, 2014, maritime stakeholders from across the globe convened in Denmark for the inaugural Danish Maritime Days (DMD)…
Future LNG Exports to Impact Traffic, Tug Requirements
Workboat requirements will soar as heightened safety requirements for LNG transit demand tighter oversight. The Louisiana Gulf is gearing up to export liquefied natural gas from Sabine Pass and Lake Charles in the state’s southwest and Plaquemines Parish in the southeast. Over the next five years, as LNG import terminals begin exporting and new terminals are built, more tugs and channel pilots will be needed, industry experts said last month.
Floating Production: Huge Opportunity for Shipyards, Manufacturers
Floating production has been one of the most significant achievements in the upstream oil and gas industry over the past four decades. There are two basic types of floating production systems: oil/gas production units and LNG/gas processing units. Common to both is the use of a floating facility to support an oil and/or gas processing plant to monetize oil and/or gas deposits. • Floating oil/gas…
Ceona Christens Flagship Pipelay Vessel
Ceona, SURF contractor with heavy subsea construction capabilities, has bolstered its fleet with the christening of its flagship asset, the Ceona Amazon, which has been delivered in less than two years of the letter of intent (LOI) for its construction being signed. The Ceona Amazon has been internally designed at Ceona and purpose built to perform in multiple pipelay and operational modes. She also…
Maritime Guns For Hire Adapt to Changes in Sea Piracy
Somali pirate attacks down by 95 pct since 2011 -Maritime bureau. Cash-strapped maritime security firms are being forced to use fewer costly elite guards and to…
3rd Regional Maritime Crime Conference
The 4th prosecutors from around the Horn of Africa and Western Indian Ocean region have gathered in Dar Es Salaam, Tanzania, for the Third Regional Conference of…
Ensco Promotes Lowe to EVP
Ensco plc announced that Carey Lowe has been promoted to Executive Vice President. Lowe will be responsible for overseeing investor relations, public relations, employee communications and branding…
Hutton's Opens Equatorial Guinea Supply Base
As part of its continued supply network growth in West Africa, Hutton’s Group has opened a new facility in Equatorial Guinea to boost its supply chain in the region. Operating as part of Hutton’s Remote Site Services, the new base in Luba Freeport will enhance the successful supply solutions already being delivered by Hutton’s West Africa depots in Ghana and Ivory Coast. As the only ship supplier based within Luba Freeport…
U.S.-Asia Crude Exports Stall on Cheap Mideast Oil
Asian refiners shift towards cheaper Mideast oil, naphtha-trade; U.S. light oil exports to Asia only started 4 months ago. U.S. exports now going to Europe instead.
Asia VLCC Rates Could Could Climb Even More
Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes could…
High Seas Becoming Less Secure
Despite the significant reduction in piracy attacks over the last few years it is now widely accepted by the maritime community that the safety of the High Seas…
CMA CGM Acquires OPDR
The CMA CGM Group has acquired the German shipping company Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG (OPDR), CMA CGM founder, chairman and CEO Jacques R. Saadé announced during his visit in Hamburg, Germany on November 25. The closing of the transaction remains subject to the approval of the relevant regulatory authorities. OPDR, a shipping company owned by the Bernhard Schulte Group…
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
