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More Boat Migrants to Italy Die
Nineteen people died trying to reach Italy on a boat packed with hundreds of migrants, probably poisoned by carbon monoxide fumes from its engines, said the Italian Navy on Saturday…
ENI Signs Deal to Expand Oil, Gas Exploration in Congo
Italian oil and gas group Eni said it signed a deal to explore for hydrocarbons in the Republic of Congo's coastal basin, expanding its foothold in sub-Saharan Africa's No. 4 oil producer.
China lends Argentina $7.5 bln for Power, Rail Projects
Argentina signed deals on Friday to borrow $7.5 billion from China at a time when the Latin American country cannot tap global capital markets because of disputes over unpaid debt.
Response Firm Coordinates Indian Ocean Rower Rescue
Global Rescue, a crisis response firm providing medical, security, evacuation, and travel risk management services, says it has coordinated the rescue of a rower…
CEVA launches City of Energy in Middle East
CEVA Logistics, one of the world’s leading global supply chain management companies, today announced the official opening of the City of Energy in the United Arab Emirates.
Viking Wins $32m Charter Contract for Drilling System
Viking Offshore & Marine Limited (Viking) which is building a portfolio of mainstream offshore, marine and drilling assets, said today that it has secured a 50-month…
Kenya Seizes 341-kg Heroin Haul on Ship in Mombasa
Kenyan police on Tuesday seized 341.7 kg of heroin hidden in the diesel tank of a ship, the biggest ever single seizure of drugs at the Indian Ocean port of Mombasa.
More than 1,700 Boat Migrants Rescued in 3 Days
Italy's search and rescue mission saved more than 1,700 migrants in the Mediterranean in the past three days and found one person dead on a half-submerged raft, the navy said on Tuesday. This year's calmer summer weather has seen record numbers of people attempt to cross the sea from North Africa to Italy, often on packed boats and leaking rafts. Many are fleeing poverty, war and military conscription.
High Shipping Costs Deter Buyers of W. Africa Crude
Nigerian crude oil differentials held at two-year lows on Monday as demand remained subdued, partly due to high shipping costs from West Africa to Europe. Nearly…
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.