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KOTUG, Boskalis Sell Kotug Smit Shares
KOTUG and Boskalis sell Kotug Smit Towage shares to Boluda Group (Boluda).KOTUG International BV and Royal Boskalis Westminster N.V. have successfully concluded the sale of Kotug Smit Towage to Boluda Group (Boluda), in line with the initial announcement of 4 March 2019.By partnering with Boskalis’ subsidiary SMIT in 2016, KOTUG strengthened its presence in 11 ports in 4 European countries. The integration of businesses led to further growth, synergy and smarter towage operations.
MDL Wins Equatorial Guinea Pipelay Work
Maritime Developments (MDL), a provider of back-deck equipment for the subsea sector of oil and gas industry, has been awarded a contract to supply a complete pipelay…
EFMS Install Uptick on Malaysian OSVs
Marine diesel power specialist Royston reports that it is working with a number of international oil companies (IOCs) operating in Malaysia to equip oilfield supply contract vessels (OSVs) with specialist electronic fuel management systems.In recent months, the installation of nine enginei EFMS have been completed on Malaysian OSVs for three different IOCs and this number will continue to rise with…
WOMESA Cleans Up Marine Litter in Africa
An inaugural female-led beach clean-up exercise in east and southern Africa has helped raise awareness of the problem that marine litter poses to the environment.In Kenya alone…
South Africa Readies for Sulphur Cap
South Africa will be ready to implement new global ships fuel regulations aimed at prevention of air pollution by ships at sea, but may have to pick up pace putting…
INSIGHTS: Noose Tightens Around Iranian Shipping
Somewhere on its journey from the waters off Iran, around Africa's southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed…
115 Feared Dead after Med Shipwreck
About 115 people are missing and feared to have drowned and another 134 were rescued by Libyan coast guards and local fishermen after a wooden boat carrying migrants capsized off Libya…
Brazil Court orders Petrobras to Refuel Iran Vessels
Brazil's top court on Thursday ordered state-run oil company Petroleo Brasileiro SA to refuel two Iranian grain vessels stranded on the Brazilian coast due to U.S. sanctions holding up sales of fuel needed for their return trips.Chief Justice Dias Toffoli overturned a lower court ruling that allowed Petrobras, as the oil major is known, to refrain from fueling the vessels.Petrobras had denied service, citing the risk of consequences from U.S. sanctions.
Marseille Fos Accelerates Air Emissions Cuts
Among a string of new eco-friendly initiatives, the Marseille Fos port authority is to spend $22 million over the next six years to extend shoreside electrical connections for berthed vessels to every ferry, cruiseship and repair quay within the Marseille eastern harbor.Already available on the Corsica ferry quays, the network will be expanded in two phases to cover North Africa ferry quays and the shiprepair hub by 2022 and the cruise terminal between 2022 and 2025.
Floating LNG Power Vessel Market to $1bln by 2025
The global floating LNG power vessel market was USD 931 million in 2018 and is anticipated to reach USD 1,041 million by 2025, at a CAGR of 1.61% between 2019 and…
Tema Port MPS Terminal 3 to Begin Phase 3
Mohamed Samara, CEO of MPS Terminal 3 at Tema Port, Ghana, announced that shareholders had approved the immediate construction of Phase 2 with completion expected by end of 2020…
Indian Warships Staying in PG, Won't Join U.S. Coalition
Indian warships escorting merchant vessels in the Persian Gulf will remain deployed for the longer term, officials with direct knowledge of the matter said, as tensions between Iran and Western powers rise.But the two ships, backed by surveillance aircraft, will not be part of a military coalition that the United States is assembling to safeguard the waters off Iran near the Straits of Hormuz, through which a fifth of the world's oil moves…
South Africa Signs HNS Treaty
International Maritime Organization (IMO) informed that South Africa has become the latest country to accede to a key compensation treaty covering the transport…
Piracy Down in the Waters Off Nigeria
The number of hijackings and armed attacks on ships sailing off Nigeria has dropped according to new figures from the International Piracy Reporting Centre, IMB.Fire shots at ships…
Africa to Complete 6 High Impact Wells
As many as six high impact wells are yet to be completed this year around Africa, after several consecutive low-activity years with only a few positive results.According…
Tema Port T3 Welcomes First Cargo Vessel
The first commercial vessel, Maersk Cape Coast has docked at the Terminal 3 at Tema Port after 3 years of expansion and modernization works to complete the first…
ONE Offers New African Service
Container lines Ocean Network Express (ONE) is launching a new service covering Africa, India and the Middle East (AIM).The new product will broaden ONE’s already…
W. Africa Crude Traders Await Sept Programs
Some August-loading Angolan cargoes cleared but trading was slow on Monday as new programs were expected to emerge this week.The preliminary Angolan loading program for September is expected to emerge on Tuesday. New Nigerian programs are expected at the end of the week.BP's August-loading cargo of Girassol, two August-loading cargoes of Mostarda were sold to India's Reliance, China's Unipec and an independent Chinese refiner, a trader said.
LNG Project Sanctions Set Records in 2019
Rystad Energy expects LNG greenfield investment in 2019 to reach almost $103 billion, which will be the biggest investment year for the burgeoning industry to date.A…
Kalmar Supplies Handlers to Shantou
Kalmar has supplied Shantou China Merchants Port Group Co., Ltd. with eight Essential Range Empty Container Handlers.According to a press note from the Cargotec group unit…
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
