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Fleet Storing Gasoline off Europe's Coast Growing
Gasoline stored in ships off Europe's coast has ballooned to more than 400,000 tonnes, putting pressure on the continent's traders to compete for buyers once summer demand starts. Several vessels have joined the three initially booked to store fuel off Europe's ports in mid-March, and brokers said even barges have held cargoes of gasoline for three to four weeks as the volumes traded in Europe hit record levels last month.
Marlink Expands VSAT Coverage in the Indian Ocean
Marlink has added a new satellite to its global multi-band Sealink network, expanding its footprint in the Indian Ocean Region (IOR) and introducing even more Ku-band VSAT capacity to enable high-speed broadband connectivity for ships transiting southern routes between Asia and Africa, in addition to fishing vessels operating east of Africa’s coastline and out towards the Maldives and Seychelles. The…
Yang Ming Establishes Regional Center for Mediterranean
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has set up the new regional center in Mediterranean area named Yang Ming(Mediterranean) Marine…
CARENA Acquires New Dock
The Compagnie Abidjanaise de Réparation Navale et de maintenance industrielle (CARENA), subsidiary of the Bolloré Group and the SOFIA Group, just acquired a 3rd dock…
Obangame Express Concludes in Tema
The Ghanaian portion of exercise Obangame Express 2018 (OE18) concluded yesterday in Tema, Ghana, with a closing ceremony. Participants from the Royal Canadian Navy, the German Navy, the U.
DP World Sokhna Welcomes Largest Bulker to Enter the Red Sea
DP World Sokhna recently welcomed the largest bulk cargo vessel to ever arrive to the port and enter the Red Sea, said a press release from the company. Known as a capesize vessel…
Oil Backlog Off China Limits Prospects for Fresh Atlantic Basin Shipments
A backlog of crude cargoes has built up off the coast of China, limiting prospects for new shipments to the world's largest oil importer, trading and shipping sources said. The amount of oil floating in tankers off China has risen partly due to tax changes and an anti-pollution drive that have depressed oil demand from small, independent refiners, known as "teapots". Maintenance has curtailed run rates at others.
Production Floaters Orders Are on the Rebound
Fifteen production floaters were contracted in 2017 – 11 FPSOs, two production semis, a wellhead TLP and an FLNG – and the number of deep water projects in the near-term planning queue indicates production floater orders are set to accelerate. This is a big change from 2016 when orders for new units totally dried up and the deepwater future looked pretty bleak. Here’s a round-up of contracts awarded last year and in January 2018.
Djibouti, CMA CGM in Talks to Develop New Container Terminal
Djibouti is in talks with French shipping company CMA CGM to develop a new container terminal at an initial cost of $660 million as part of the tiny African country's bid to expand into a sea and air transport hub for the continent. Aboubakar Omar Hadi, chairman of the Djibouti Ports and Free Zone Authority (DPFZA), told Reuters on Tuesday that the authority hopes to award the concession in July. It…
Abuja MOU to Enhance Shipping Standards in West, Central Africa
In a bid to harmonize port state control inspection procedures that will lead to the elimination of substandard shipping in the West and Central Africa sub-region…
DP World Wins Congo Port Concession
DP World, the Dubai-based ports operator, announced it has won a 30-year concession for the management and development of a port project in the Democratic Republic of Congo (DRC).
Grindrod to Float Listing of Shipping Business Offshore
Grindrod, the South Africa-listed freight logistics and shipping services firm, said on Friday it will list its shipping business offshore, with a secondary listing on the Johannesburg bourse. Grindrod, which also has a financial services business, said the transaction which will list the shipping business on the NASDAQ is estimated to be implemented by June, 18. Reporting by Tanisha Heiberg
Africa Develops Solutions for Maritime Security
Work to address maritime security challenges in Africa’s major maritime zones is underway at a regional workshop in Victoria, Seychelles (19-23 March). Over 60 maritime…
Reducing Emissions in Ports
How can ports cut emissions to ensure cleaner air and contribute to the battle against climate change? First, ports need to quantify emissions in ports, then they…
Italy Seizes Ship that Picked up Migrants in Mediterranean
Italian authorities seized a charity’s ship on suspicion it had helped illegal immigration by picking up migrants in the Mediterranean instead of letting Libya’s…
Chinese Diesel to be Shipped 'west' in VLCC
Newly built vessel to load from Tianjin refinery a cargo of10ppm sulphur diesel meeting summer specs. In a rare shipment, a diesel cargo will be loaded into a very…
Chemical Tankers Market to Grow at a CAGR of 4.5% by 2022
The chemical tankers market is projected to grow from USD 26.63 billion in 2017 to USD 33.11 billion by 2022, at a CAGR of 4.5% between 2017 and 2022, said a research report.
Hardy Takes Over as Vitol CEO
Ian Taylor, who helped build Vitol into the world's biggest oil trader, will step down as chief executive and continue as chairman, the company said on Friday, naming a long-time ally and insider…
DP World Says Committed to Port Project in Somaliland
DP World, one of the world's largest port operators, said on Thursday it is committed to the port project in Somaliland despite Somalia's move to ban the ports operator from operating in Somalia. Djibouti's decision to end a contract with DP World to run its Doraleh Container Terminal will make it difficult for Africa to attract investment, DP World's chairman Sultan bin Sulayem told a news conference after reporting full-year earnings.
Torvald Klaveness Extends Shipping Deal with Arcelor Mittal
Norwegian shipping company Torvald Klaveness has extended its shipping agreement with Luxembourg-based steel and mining firm Arcelor Mittal. "We are pleased that Arcelor Mittal…
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
