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Second Ivory Coast Container Port: Consortium Gets Cash
Banque Atlantique, SocGen and Afreximbank have raised 200 million euros (US$272.81 million) to start a second container terminal at Abidjan port in Ivory Coast [West Africa]…
Singapore's Ezra Holdings Profits Rocket
Ezra informs that it has sustained another quarter of growing revenues and improving operating performance with fiscal 9M 2014 revenues crossing the US$1 billion mark.
W&O Europe Announces Expansion
W&O, a global supplier to the marine and marine offshore markets for pipe, valves and fittings, valve automation and engineered solutions, announced the expansion…
Funds Secured for 2nd Abidjan Container Port
Banque Atlantique, SocGen and Afreximbank have raised 200 million euros ($272.81 million) to start a second container terminal at Abidjan port in Ivory Coast, a banking spokesman said on Thursday.
Dryad: Asian Piracy on the Rise
Dryad Maritime gives warning of increasing SE Asia piracy. The warning results from the release of their Q2 figures, containing data that shows the area experiences the highest number of maritime crime incidents in 2014 in comparison with other traditional piracy hot spots. The warning comes in the wake of the most recent hijack of a tanker, (MT Moresby 9), off the Anambas Islands on July 4. Pirates boarded the vessel…
Tesoro Refining Wins 2011 Long Beach Oil Spill Case
Freeman Freeman & Smiley say that its lead trial attorney Robert S. Crowder (assisted by attorneys Russell R. Fisk and John D. Van Ackeren) have celebrated a win with their client…
Maritime Piracy Infesting SE Asia Waters: Dryad Maritime
Dryad Maritime informs it is warning of an increasing threat from Southeast Asia piracy following the release of their Q2 figures which show that the area continues…
Ivory Coast Increases Budget on Higher Cocoa, Gas, Port Revenues
Ivory Coast has increased its 2014 budget by nearly 4 percent on expectations of higher earnings from cocoa, natural gas and the country's ports, a government spokesman announced on Wednesday.
India's JSW Raises Iron Ore Imports
JSW Steel, led by billionaire Sajjan Jindal and India's third-largest maker of the alloy, will import 6 million metric tons of iron ore this fiscal year compared…
Petro-Pirates Plague Busy SE Asia Lanes
In the dead of night, as his fuel tanker sailed through the narrowest section of one of the world's busiest waterways, Captain Thiwa Saman was wrenched from sleep and pitched into a waking nightmare.
GAC to support Total E&P’s drilling project in S. Africa
Leading gas & oil company, Total E&P, has appointed GAC South Africa to provide shipping and logistics support for its drilling project off the coast of South Africa, which started in June this year.
Valls Urges End to Strike at "Sinking" Ferry Group SNCM
Workers at France-Corsica ferry operator SNCM must end their strike and let the troubled company undergo a restructuring to secure its future, Prime Minister Manuel Valls said on Tuesday.
Djibouti, DP World in Legal Spat
Djibouti said it had started legal action against DP World, seeking to rescind the Dubai-owned port operator's concession in Africa's largest container terminal in a row over how the contract was awarded. "The resulting agreement unfairly favoured DP World," the government said in a statement, which questioned payments made in winning the concession in 2000. DP World said it rejected Djibouti's allegations.
Italy in Talks with EU to Share Responsibility for Boat Migrants
Italy is in talks with other European Union states about sharing the burden of rescuing migrants crossing the Mediterranean in crowded boats from North Africa, senior…
FPSO Contract Suspension Could Cost Petrobas US$15-bln
Profit at Petrobras, Brazil's state-led oil company, could be reduced by $15 billion between 2014 and 2018 if it had to suspend oil platform contracts with Holland's SBM Offshore NV…
Global Ocean Trade: Latest Shipbuilding Orders
Orders for gas carriers placed with Korean and Japanese shipyards figure prominently amongst the latest newbuilding orders noted in the latest Clarkson Hellas S&P Weekly Bulletin.
Demand for Coastal and Transoceanic ATBs Grows
Along the way, ATBs gain speed, efficiency, safety – and popularity. Operators of articulated tugs and barges, or ATBs, say they like the maneuverability, weather reliability, stability, speed of these units, and the manner in which the tug pushes the barge. As a marine transportation concept, they can also simply be described as versatile. ATBs move petroleum, chemicals, coal, grain, containerized cargo and rail cars for customers on the U.S. coasts, rivers, the Great Lakes and overseas.
Global Ocean Trade: Latest Shipbuilding Orders
China & Japan shipbuilders scoop the pool of international shipbuilding orders according to the latest Clarkson Hellas S&P Weekly Bulletin. Clarkson Hellas says…
GE Oil & Gas New Facility in Jebel Ali Free Zone
GE Oil & Gas today celebrated the ground-breaking of a new facility that will further expand its presence in the UAE in Jebel Ali Free Zone (Jafza). Scheduled to open in 2015…
Migrant Death Toll Rises on Sea Route to Italy
Migrants arriving on boats in southern Italy say 81 other people travelling with them have died or gone missing during their sea journeys from north Africa, the UN refugee agency said on Wednesday.
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
