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Australia, New Zealand Navies Intercepts Drugs off Africa
A combined Australian and New Zealand operation 260 km off the coast of Africa has seized more than 5.6 metric tons of cannabis resin worth an estimated $280 million (AUD). The five day operation involved Royal Australian Navy frigate HMAS Toowoomba and a Royal New Zealand Air Force P-3K2 Orion which was called to assist in bad weather. During an exhaustive search this week, the Australian boarding party discovered cannabis resin in hessian bags stowed in a hidden compartment on the dhow.
Ban Launches UN Ebola Response Mission
IMO Secretary-General Ban Ki-moon has officially established the United Nations Mission for Ebola Emergency Response and has instructed the advance teams for the…
Nigerian Minister Pledges $1.3 bln for Power Companies
Nigeria's oil minister announced a 213 billion naira (1.3 billion US dollar) bail-out package for power companies on Saturday, nearly a year after the sector was privatised.
Shell: Nigeria Oil Union Strike Not Affecting Exports
A strike by Nigeria's oil unions is not having any immediate impact on crude oil exports from Africa's top exporter, despite moving into a third day, spokesmen for…
Ebola & the Shipping Industry: Latest McQuilling Analysis
Although the Ebola epidemic has remained predominantly in West Africa, fears about the virus have spread globally and it is becoming a cause for concern in the transportation industry.
Sri Lanka Port Project: China Merchants, CHEC Invest $601-M
Two of China's largest port operators and engineering firms have agreed to invest in a $601 million terminal in Sri Lanka's Hambantota port, part of a series of…
Simmons Assumes Command of USS James E. Williams
Capt. Anthony L. Simmons relieved Cmdr. Curtis B. Calloway as commanding officer of the guided-missile destroyer USS James E. Williams (DDG 95) at sea on Sept. 16.
Deadliest Weekend Ever in the Mediterranean: UNHCR
More than 700 people fleeing Africa and the Middle East may have drowned in shipwrecks in the Mediterranean over the last week, bringing the death toll this year to almost 3…
700 Migrants Feared Drowned in Mediterranean
More than 700 people fleeing Africa and the Middle East may have drowned in shipwrecks in the Mediterranean over the last week, bringing the death toll this year to almost 3…
Preventive Measures Against Ebola in Benin, Cotonou
1) For all vessels calling Cotonou port, the agent is required to send to the Harbor Master office a port of call list mentioning the last 10 ports of calls, three days prior to arrival.
Tanzania Receives $565m to Expand Port
Tanzania signed a $565 million deal on Friday with the World Bank and other development partners to expand its main port of Dar es Salaam, part of plans to boost…
CGG Nets Quartet of BroadSeis-BroadSource Marine Contracts
French Firm CGG announced today that it has been awarded contracts for the 3D seismic acquisition of four major surveys using its BroadSeisTM with BroadSourceTM, marine broadband technology.
Sea Trucks Signs $130m Facility for Offshore Newbuild
Sea Trucks Group Limited, an international oil and gas marine contractor with a track record in the key oil and gas producing regions, particularly West Africa, announced a $130 million facility to finance the completion of Jascon 18 has been signed. Jascon 18, a 150-meter DP3 multipurpose construction support vessel, will continue the final stages of outfitting at the Kwong-Soon shipyard in Singapore where work on the accommodation blocks…
MN 100: Reintjes GmbH
President: Dr. Reintjes GmbH is an independent propulsion technology company that manufactures 1,300 gearboxes per year at its headquarters in Hamelin. More than 90,000 units have been supplied to customers worldwide. Over time, Reintjes has expanded its product portfolio of marine gearboxes for engine ratings from 250-30,000 kW. Its maritime applications include dredging gearboxes and step-up gearboxes as well as complex system solutions such as pod drives and hybrid drives.
Offshore Oil Drilling Market to Suffer through 2015
A sluggish offshore drilling market could deteriorate further next year due to weak demand and a flood of new vessels, even though a few places such as Mexico and Brazil remain promising for exploration, industry executives said on Wednesday. Rig rates have fallen sharply over the past 18 months as oil companies cut capital spending, saving cash for dividends, just as dozens of brand new offshore rigs ordered during the boom times hit the seas, creating overcapacity.
Damen Launches First PSV 3300 for PROMAR
Offshore ship manager PROMAR recently marked a milestone with the sideways launch into the Danube of the first of its two Damen PSV 3300s on order. On delivery in February 2015, the Swiss company believes the 80-metre Mamola Reliance will give them a valuable competitive edge in the West African oil and gas market. On September 4, Damen Shipyards Galati launched the PSV 3300 Mamola Reliance at an official ceremony at the yard in Romania.
Brent Crude Hits 16-month Low Under US$99
Brent crude dropped to a 16-month low under $99 per barrel on Wednesday, stretching its losses into a fifth session amid continued worries about rising supplies and weak global demand.
Support for Indian Shipbuilding Industry : Exim Bank Study
The development of a successful shipbuilding sector has been pivotal to the rapid and robust economic development in most countries in the world with long coastal boundaries.
ZF Marine Makes a Strong Towboat Thrust
When German industrial manufacturing giant ZF bought Holland Rudder Propeller nearly five years ago, it was a strategic addition to its ZF Marine portfolio that is now reaping big rewards as it is enjoying strong penetration of its azimuth thruster systems in the U.S. towboat market. Maritime Reporter & Engineering News visited with Frank van der Vegt, Sales Manager, Commercial Craft Thruster Systems, at the ZF Marine Krimpen B.V. factory in The Netherlands for an update.
GDP v TEU: DMR Analyses the Interplay
The strength of first-half 2014 container flows from Asia to Europe flies in the face of the macro-economic data coming out of Europe, says Drewry Maritime Research…