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Trading Houses Limit Gasoline Trades as Profits Slump
Traders Mercuria, Trafigura and SOCAR cut gasoline desks; new refining capacity slashes traditional profitability. U.S. refining boom weighs on global light products.
Pirates Attack Product Tanker off Ivory Coast
Armed pirates robbed a petroleum products tanker near Ivory Coast's port of Abidjan, a maritime agency and a private security advisor said on Wednesday, in an indication…
Ukraine Buying 1 mln Tonnes South African Coal
Ukraine will buy one million tonnes of coal from South Africa because the military conflict in its Donbass region has disrupted domestic coal production, Prime Minister…
N-KOM Lays Keel for Qatar’s First Liftboat
Nakilat-Keppel Offshore & Marine (N-KOM) has achieved another milestone with the keel laying of its first liftboat newbuild project, awarded in July 2014 by long-time client Gulf Drilling International (GDI). The project marks the shipyard’s first foray into the offshore jack-up newbuild market and is also the first such project to be undertaken in Qatar. Once completed in 2015, the liftboat will support GDI’s growing offshore fleet of jack-up rigs.
Fogal Retires from Zentech After 57 Years in O&G
Robert “Bob” “Sonny” Fogal, Jr., one of the icons in the offshore oil and gas industry, has decided to retire from front-line work as Zentech’s Director of Business Development. Zentech’s President Ramesh Maini noted on August 28, “All the serious players in our industry know Bob and his many accomplishments. Fogal has spent his entire career in the rig building business, starting with Levingston Shipyard and subsequent work with major designers and builders in the U.S.
Challenging the Myths of Pirate Violence
“In the last five years, pirates have killed at least 411 fishermen and wounded at least 1,000 more, suggested Mujibur Rahman, Chairman of Cox’s Bazar District Fishing Trawler Owners Association (DFTOA). According to the DFTOA, pirates attacked more than 1,000 fishing boats, abducting more than 3,000 fishermen, killed over 45 and collected more than $1.28 million in ransoms from fishery owners of two coastal towns – Chakaria and Maheshkhali…
EU Warship Provides Seychelles CG Training
EU Naval Force Warship 'FGS Berlin' has conducted local maritime capacity building in the Seychelles informs EUCAP Nestor. Three Local Maritime Capacity Building…
CMA CGM Continues Expansion, Confirms Profits
The Board of Directors of CMA CGM Group, the world’s third largest container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the second quarter of 2014. In the second quarter, in a market environment shaped by diverging developments in different regions, CMA CGM reported its consolidated revenue amounted to $4.2 billion…
Stena, Sonangol Launch Training Facility in Angola
The Centro De Formação Maritima De Angola (CFMA) was officially launched on August 27 by top management from Sonangol, the Angolan public sector energy company and the Stena Group of Sweden. The CFMA is a world class maritime training facility, the first of its kind in Angola and the most modern maritime campus in Africa. The campus will be an internationally recognized center of excellence, linked…
RWE Dea Helps Cleveland Juniors Reach Goals
Yesterday, a new club house for the Cleveland Juniors Football Club in Middlesbrough in northern England was officially opened. With support from RWE Dea, the Football Foundation and other sponsors…
ISS Celebrates ISO Accreditation in M.East and Africa
Inchcape Shipping Services (ISS), the world’s leading maritime services provider, is celebrating the awards of ISO 22000:2005 – Food Safety Management System and…
Tullow Oil Exploration and Appraisal Update in Kenya
Tullow Oil plc announces the successful results from a series of exploration, appraisal and testing activities conducted in Blocks 10BB and 13T onshore Kenya. The…
Kongsberg to Supply FPSO Safety System
Kongsberg Maritime Engineering (KME), the wholly owned Engineering, Procurement and Construction (EPC) subsidiary of global maritime technology developer Kongsberg Maritime…
EU to Help Italy Cope with Boat Migrants
The European Commission said on Wednesday it would launch an EU version of Italy's sea rescue operation to help it deal with the droves of migrants crossing the…
ABS to Class First Self-elevating Unit Built in Qatar
ABS, a provider of classification services to the global offshore industry, was selected by Nakilat-Keppel Offshore & Marine (N-KOM) to class its LB310S liftboat…
COSCO Resorts to Rate Restoration for F. East to S Africa Trade
COSCO Container Lines would like to announce Rate Restoration for all shipments (include reefer cargo) from Far East to South Africa Trade and take effect from September 1, 2014.
RWE Dea Starts Gas Production in Egypt
RWE Dea achieved first production from the Central Treatment Plant (CTP) of the Disouq Development Project in Egypt. Production commenced at an initial rate of 45…
Transnet National Ports Authority Orders 9 Voith Water Tractors
In South Africa’s largest local shipbuilding contract Transnet National Ports Authority has ordered nine new Voith Water Tractors (VWT) for use in several ports across the country.
Electric Boat Powered by Aluminum-air Battery
Alcoa, clean technology company Phinergy and HEIG-VD University, today debuted a zero-emissions electric demo boat powered by an aluminum-air battery at Lake Neuchâtel in Switzerland. Alcoa and Phinergy announced earlier this year that the companies are collaborating on new materials, processes and components to commercialize the aluminum-air battery for various applications, including electric cars, electric boats and stationary energy.
OP/ED: The State of Piracy
Piracy’s gone away, right? You’d be forgiven for thinking that. The predominant narrative for the Indian Ocean is that Piracy has been suppressed to an extent that ship-owners are requesting fewer guards, even unarmed in some cases. Certainly private security team composition has adjusted beneath the “rule of four” and the nationality of guards has shifted significantly away from the UK only model.
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
