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Port Réunion to Become Strategic Maritime Hub
The CMA CGM Group announced Rodolphe Saadé, Vice-Chairman, was with President Hollande to Reunion Island to lay the cornerstone for the future Port of Reunion Island.
Standard Chartered Private Equity invests $ 75 mi in Topaz
Topaz Energy and Marine (“Topaz”), a leading offshore support vessel company with primary operations in the Caspian, Middle East, West Africa and Subsea operations in the North Sea and Gulf of Mexico…
RN Diving Expert Chris Baldwin Joins IMCA
The International Marine Contractors Association (IMCA) Secretariat says that Chris Baldwin has joined its team as a Technical Adviser following a short secondment from the Royal Navy.
Traders Store Crude for Profit as Contango Takes Hold
Oil traders have begun fixing tankers to take North Sea, West African and Arab crudes to South Africa for storage, hoping for a repeat of the multimillion dollar bonanza they reaped in 2008-2009.
Topaz Secures $75m Investment from SCPE
Topaz Energy and Marine, an offshore support vessel company with primary operations in the Caspian, Middle East, West Africa and Subsea operations in the North Sea and Gulf of Mexico, has announced a $75 million new equity investment in the business from Standard Chartered Private Equity (SCPE), one of the world’s leading emerging market private equity investors. Under the terms of the investment, SCPE will inject $75 million of equity in return for a 9.8% stake in the business.
Ebola Outbreak Delays Mercy Ships Sail to Africa
Collateral hardship from the Ebola epidemic now includes a delay for Mercy Ships, which operates the world’s largest civilian hospital ship in ports on the West Coast of Africa. Already with one canceled deployment to Guinea, where Ebola first broke out last December, the Mercy Ship now waits in the water with crew and staff, pending an end-of-August decision on field service in Benin. The Mercy Ship was due to sail for the port of Cotonou…
Port of Hamburg Continues Cargo Records, Adds Jobs
The Port of Hamburg continues record performance handling a total of 72.6 million tons (+ 6.6 percent) in the first six months of 2014. Hamburg’s universal port with 50.7 million tons of predominantly container handling achieves a result of 4.8 million TEU (20-ft standard containers), an increase of 6.8 percent. The largest seaports on the north European continent show an average growth in total handling of 1.8 percent and in container handling of 2.6 percent.
Two Boat Migrants Die, 1,500 Saved Off Italy
Two boat migrants died among almost 1,500 rescued by Italy in the last 24 hours, authorities said on Friday as the total number reaching Italian shores this year passed 100,000.
DNV GL Revisits Offshore Oil & Gas Risks
In the first issue its 'Perspectives' online magazine DNV GL’s Graham Bennett points out that the Macondo incident has cast a spotlight on well control standards…
MAN Extends Helping Hand to Mercy Ships
MAN Diesel & Turbo says it has donated the equivalent of $115,000 dollars in service, spare parts and training to keep the engines of the hospital ship 'Africa Mercy'…
BIMCO: Reforms Necessary to Improve Economy
The International Monetary Fund (IMF) has downgraded its global growth projection from 3.7% in April to 3.4% in July. The adjustment is primarily due to the large negative result in the U.S. in the first quarter of the year. The IMF stressed that this is now behind us – and it therefore sticks to its 2015 projection with an unchanged growth level of 4.0%. Moreover, the outlook for the various emerging markets including…
Rolls-Royce Partners with Nauta S.A. Repair Yard
Rolls-Royce Marine and Nauta S.A. ship repair yard have signed a cooperation agreement in Poland. Under the new partnership, Rolls-Royce Marine will gain exclusive rights to provide services on all Rolls-Royce equipment coming into the shipyard. In return, the cooperation is expected to bring in an increased flow of customers into the shipyard, knowing they can readily access the original equipment manufacturer expertise required for the work…
Kalmar Supplies 19 Straddle Carriers to TPT, Durban
Kalmar, part of Cargotec, has gained a breakthrough order to supply ten straddle carriers to Transnet Port Terminals (TPT) Durban Pier 2, a dedicated straddle carrier…
Frank Inouye Appointed MD of AZIPAC
The Board of Directors of AziPac Ltd. have appointed Mr Frank Inouye as Managing Director, with immediate effect. Frank brings over 34 years of industry experience…
Spanish Coast Guard Rescue 700 African Migrants
Spanish emergency services picked up 470 immigrants travelling in dozens of rafts across the Strait of Gibraltar on Tuesday and 227 from the same stretch of water the day before…
Fugro Report Mixed Fortunes in First Half 2014
Fugro report first half-year revenue of EUR 1,186.9 million compared to EUR 1,167.9 million in first half of 2013. Year-on-year revenue growth at constant currencies…
Woodside Acquires Exploration Acreage in Gabon
Woodside has acquired a 40% participating interest in an exploration, exploitation and production sharing contract (EEPSC) for Block F15 in the Gabon Coastal Basin.
LR Energy Wins New Nuclear Deal in Middle East
Lloyd’s Register Energy together with Lightbridge Corporation has won a contract to support the Federal Authority for Nuclear Regulation (FANR) internal inspection…
Seadrill Nets ExxonMobil Nigeria Job
ExxonMobil has signed up for a Seadrill newbuild drillship for work off West Africa for up to three years. The ultra-deepwater West Saturn, currently under construction in South Korea…
Jill Rivette Joins C & C Technologies
C & C Technologies Inc. is pleased to announce that Jill Rivette has joined the Geotechnical Division in Houston TX as a Senior Geotechnical Engineer. Jill is a…
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
