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COATINGS: Chasing Better Prospects
As the offshore industry recovers, choosing the right hull coating for those newly activated assets will be equally important.The global offshore support vessel (OSV) market is still recovering from a protracted slump, but thankfully momentum is now returning with predictions for significant activity for OSV’s ahead. As summarized in a report by market analysts Grand View Research, projections are…
EU Fund to ACP to Boost Sustainable Fisheries
The European Union (EU) has provided EUR40 million (USD 45 million) to boost sustainable fisheries and aquaculture in African, Caribbean and Pacific Group of States…
46 Countries Support Torremolinos Declaration
The Cook Islands and Sao Tome and Principe have become the latest States to become Party to the Cape Town Agreement on fishing vessel safety.These small nations…
W. Africa Crude-Freight costs ease, especially for VLCCs
Freight rates eased further on Friday, especially for the largest oil tankers, promising some recovery for West African oil prices which had touched multi-year lows. VLCC freight costs eased more rapidly than smaller Suezmaxes, making it less advantageous to ship on the latter. Prices for Suezmaxes were estimated around world scale 190-200, with one European buyer estimating further relief to around…
Singapore Company Fined for Illegal Scrapping Attempt
A Singapore company has paid a NOK 7 million ($763,000) fine after it was caught trying to illegally export a barge carrier vessel from Norway for scrapping on the beaches in Pakistan, Norwegian authorities said.In 2017, inspectors from the Norwegian Maritime Authority (NMA) detained the Harrier, previously named Tide Carrier, when it suffered an engine failure and started to drift outside Jæren in Rogaland.
EU/IMO Global Project Drives Energy Efficiency
The GMN global network of maritime technology cooperation centers has completed numerous pilot projects over the past three years, helping to drive forward the changes which are required to reduce GHG emissions from shipping. A global network of maritime technology cooperation centers has completed an impressive array of pilot projects over the past three years, helping to drive forward the changes…
ITF Expands into Asia Pacific
The International Transport Workers' Federation (ITF) has established its latest Contacts Network, covering Bangladesh, Cambodia, Malaysia, Myanmar, Pakistan, Papua New Guinea…
U.S. Shipping Sanctions Give Boost to EU Refiners
U.S. sanctions imposed last month on subsidiaries of vast Chinese shipping fleet Cosco have given an unexpected boost to European refiners as less crude oil from the North Sea and West Africa heads east, traders and analysts said.Freight rates have soared as oil producers scramble for non-blacklisted vessels, discouraging longer-distance voyages.Complex refining margins for advanced facilities capable of extracting even more valuable products like diesel and gasoline…
Jan De Nul Starts Dredging for Mauritian Port
Jan De Nul group of the beginning of work on dredging and expansion on an internal ship canal and a turning circle in port of Nouadhibou (Mauritania), one of the…
Mozambique LNG Project Moves Ahead
With a second Final Investment Decision (FID) in just 2 years, Mozambique has officially positioned itself as a key player in the global gas and LNG market for years…
Small Scale FSRU: Think Smarter Not Bigger
The global search for lower carbon forms of energy and demand for cost-effective ways to serve power demand in emerging markets and remote locations is driving interest in floating storage and regasification units (FSRU).FSRUs are a faster and more flexible way to import natural gas to power-constrained places, so demand for the units is increasing and the business case for owning them is growing stronger.Their…
Siemens Gamesa Wins 250MW Gig in Egypt
Siemens Gamesa has pledged its further commitment to the growth of clean energy in Egypt through the construction of the 250 MW West Bakr Wind project which is owned…
Incat Crowther Launches 45m Cat for AZAM
Incat Crowther has announced the launch of Kilimanjaro VII, a 45m catamaran passenger ferry for AzamMarine of Tanzania, Africa. This vessel is the tenth vessel designed by Incat Crowther for the operator, and theseventh vessel built for the operator by Richardson Devine Marine.The 500-passenger, 35 knot vessel features the operator’s trademark parallel boarding system, whereby fiveramps per side load passenger and cargo in segregated flows.
Fighting Maritime Crimes in Gulf of Guinea
Ensuring that trade and travel by sea are as secure as possible is a key element of IMO's work and mandate.International Maritime Organization (IMO) took part in…
U.S. Sanctions Deal Blow to LSFO for 'IMO 2020'
Highly sought after types of oil best suited to making cleaner shipping fuel are suddenly finding they are a tougher sell for thirsty East Asian markets, traders say, in an unintended consequence of U.S. sanctions on a Chinese shipping fleet.With just over two months until environmental rules are set to mandate the biggest changes to ship power in over a century, certain rare types of West African…
South Africa to Have First Chemical Tanker Ship
Nduna Maritime, a subsidiary of the Mnambithi Group, and the integrated chemicals and energy company Sasol have invested in South Africa's first locally-owned chemical…
Fugro Appoints Erik-Jan Bijvank as Group Director
Dutch multinational geo-data specialist Fugro has appointed Erik-Jan Bijvank as Group Director for Europe and Africa.With this latest appointment, Fugro said it…
CMA CGM Set to Launch Guinea Gulf Express
French container transportation and shipping company CMA CGM plans to introduce its new product GUINEA GULF EXPRESS (GGX) service in complement of the current 6…
W. Africa Crude-Buyers Wary as Freight Rates Weigh
Sellers returned to the window on Monday to entice buyers spooked by high freight rates due to Washington's sanctions on subsidiaries of a major Chinese shipping firm at the end of September.Long-haul rates to Asia have risen sharply prompting refiners to shed some cargoes.China's Unipec offered four cargoes in the window for a third session all November loading on a fob basis. These were Angolan Saturno at dated Brent plus 35 cents…
Hapag-Lloyd Expands Indian Services
German-based cargo container shipping line, Hapag-Lloyd AG expects Indian container market to grow further and it launches two new services."In response to growing demand…
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
