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Shippers Launch Joint Direct Asia-West Africa Service
MOL Liner Ltd. (MOL), Evergreen Line and COSCO Container Lines Co., Ltd. today announced the launch of a weekly direct service from Asia to West Africa, branded the WA1.
Cost of Somali Piracy Slumps as Attacks Fall
The cost of Somali piracy to the global economy fell by almost half last year as attacks slumped, but piracy in West Africa was on the rise, an annual security report said on Wednesday. The Oceans beyond Piracy report put the total cost of Somali piracy - by far the largest single threat to international shipping in recent years - at only $3.2 billion in 2013. There were still at least 50 hostages in Somali captivity in desperate conditions…
CMA CGM Expands West Africa Service
The CMA CGM Group announced the improvement of its ASAF service which will deploy 12 vessels of 5,700 containers (TEU) in direct service to West Africa starting May 9…
MHI, Siemens Establish Production Machinery Joint Venture
Today Mitsubishi Heavy Industries, Ltd. (MHI) concluded an agreement with Siemens AG of Germany calling for the establishment of a joint-venture company (JV) in steel and metal production machinery effective as of January 2015 subject to regulatory approvals. According to MHI, the move has two aims: expansion of the product line in the steel and metal production machinery business and acceleration of globalization.
McMurdo Completes Techno-Sciences Acquisition
Strategic acquisition validates Orolia's McMurdo Group as premier supplier of COSPAS-SARSAT search and rescue solutions, establishes U.S. McMurdo Group, a global…
One Dead, Several Missing after Congo Boat Capsizes
At least one person died and a dozen others were missing after a boat capsized in eastern Democratic Republic of Congo, a spokesman for the United Nations mission in the country said on Monday. A U.N.
22 Drown After Boats Capsize off Greek Island
Twenty-two migrants drowned and at least 10 were missing after their vessels capsized off the Greek island of Samos early on Monday in seas where hundreds have…
DW: US Should be Careful with Strategic Petroleum Reserve
Should Russia occupy more Ukrainian soil and sustain the already tense relations with the West, the U.S. government may decide to release crude from its Strategic Petroleum Reserve (SPR) – perhaps 500,000-700,000 barrels per day as suggested by the Financial Times. Such a move would undoubtedly hurt Moscow economically – not to mention several of the U.S.’ allies (notably Saudi Arabia) – as crude oil prices would probably drop below the $100 per barrel mark.
USNS Spearhead First Deployment Judged a Success
The U.S. Navy informs that its first -in-class joint high-speed vessel USNS Spearhead (JHSV 1) has left the U.S. 6th Fleet area of operations, after more than three…
Repowered Tug Tows 7 Weeks Nonstop
When business depends on commercial vessels, it's essential for these boats to stay in good condition. Unreliable engines and equipment can lead to days or weeks off the water for repairs, resulting in lost customers. To ensure its fleet is always prepared for the job, Smith Maritime depends on Laborde Products. For its third repower with Smith Maritime, Laborde supplied three Mitsubishi S12R-Y2MPTK Tier II engines rated at 5,000 hp for the tug Rhea.
Kenya's Electronic System CutsTrade Red Tape
Kenya on Friday launched a single electronic system for processing imports and exports, to simplify red tape blamed for holding up trade in the trading hub of the region. Kenya is the main trade gateway to east Africa, through its Indian Ocean port of Mombasa, but traders say it takes too long to get goods cleared and permit-related delays ramp up costs. Previously, entrepreneurs had to fill several forms and visit 24 different government agencies to get the permits and pay the levies…
Fairmount Tugs Deliver Rig to Singapore
Fairmount Marine, a Rotterdam-based marine contractor for ocean towage and heavy lift transportation, announced that its tugs Fairmount Summit and Fairmount Alpine towed rig ENSCO 5006 more than 13,000 miles from Cyprus to Singapore. Before the departure off Limasol, Cyprus, both Fairmount tugs performed anchor handling work for the rig. On request of its owners cargo and crew runs were done during a stop off Las Palmas and a bunker stop was made at Port Nqgura, South Africa.
The History of Offshore Energy
Offshore exploration is a history of man v. Prospecting for oil is a dynamic art. From a lake in Ohio, to piers off the California coast in the early 1900s, to the salt marshes of Louisiana in the 1930s, to the first “out-of-sight- of-land” tower in 1947 in the Gulf of Mexico, the modern offshore petroleum industry has inched its way over the last roughly 75 years from 100 ft. of water ever farther into the briny deep, where the biggest platform today, Shell’s Perdido spar, sits in 8,000 ft.
CMA CGM Launches US Gulf-South Africa Line
CMA CGM announced the launch of its new KHULU Line dedicated to the U.S. With the addition of its newest line, CMA CGM now offers its customers eight services with a weekly call in South Africa. The line’s first sailing will be MV GREY FOX voy. 7S001R, ETD Houston on May 7, 2014. KHULU’s rotation is: Houston, Walvis Bay, Cape Town, Durban, Maputo, Richards Bay, Houston. CMA CGM said the line will bring onward transportation to the heart of Southern Africa countries (Zimbabwe…
Panama Canal Expansion May Worsen Panamax Surplus: Analyst
The continuous cascading of surplus Panamax vessels into North-South trades is still contributing to over-capacity, and the problem is likely to get worse when the…
LOC Group expands Asian operation
London Offshore Consultants, a global leader in marine and engineering consultancy for the shipping and offshore energy sectors, has further expanded its footprint in Asia…
XPD8 Seals Ghana FPSO Contract
Asset integrity management specialist XPD8 Solutions said it has continued its recent success in West Africa for work off the coast of Ghana. Over an 18-month period, the company will develop the maintenance program and inventory data for MODEC’s TEN MV25 floating production, storage and offloading (FPSO) vessel, operated on behalf of Tullow Oil. XPD8 is a company in maintenance engineering, condition monitoring and integrity services for the oil and gas sector.
ExxonMobil Marks World Malaria Day With $10 Mln Grant
programs across Africa and in the Pacific Rim, where the disease is a major threat to health and economic development. The grants from ExxonMobil and the ExxonMobil…
Italy Rescues 1,800 More Migrants in Rough Seas
Italian navy and coastguard vessels have rescued around 1,800 more people from boats in rough seas off Sicily, authorities said on Friday, as the chronic migrant crisis continued around the southern island. More than 20,000 migrants have arrived by sea in Italy though North Africa and the Middle East so far this year, adding to a movement of people which has intensified since the "Arab Spring" upheavals of 2011 and the civil war in Syria.
Australian Navy Seizes $268mln in Heroin
An Australian warship patrolling the Indian Ocean has seized more than a tonne of heroin worth A$289 million ($268 million) from a dhow in Kenyan waters, Australia's Defense Department said on Friday.
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
