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International Seaways Funds FSO Joint Ventures
International Seaways announced that its joint ventures with Euronav NV, which own the FSO Africa and FSO Asia floating storage and offloading service vessels, have…
Euronav Secures Loan for Four Ice-class Suezmaxes
Tanker shipping company Euronav has secured a loan facility providing financing for four ice-class suezmax newbuildings under construction by Hyundai Samho Heavy Industries Co.…
DP World Post 7.3% Volume Growth
Dubai state-owned port operator DP World Limited said it handled 17.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2018…
Bollore Under Formal Investigation in Africa Graft Probe
A French judge on Wednesday placed tycoon Vincent Bollore under formal investigation over allegations his company undercharged for work on behalf of presidential candidates in two African nations in return for port contracts.Bollore's company, Groupe Bollore, announced the decision by Judge Serge Tournaire, which came after Bollore had been questioned for two days by French fraud police.Bollore, whose logistics empire is a powerhouse in former French colonies across West Africa…
DNV GL Develops Offshore Safety Guidance for Greek Regulator
DNV GL said it has completed a workscope with the European Bank of Reconstruction and Development (EBRD), under funding provided by the EU, to develop guidance for…
Interview: Bourbon CEO Gael Bodénès
Bourbon Corporation CEO Gael Bodénès & his team plot a bold new course for this offshore industry stalwart.Your career with Bourbon has traversed many industry fluctuations. Looking back to when you joined the company, how is Bourbon today most the same, and most different?Bourbon has transformed from a small regional company to a world recognized leader in offshore marine services. It has seen its teams grow from a 3…
Trump's Revenge: US Oil Floods Europe, Hurting OPEC, Russia
U.S. supplies to Europe set for all-time high in April; on course to overtake Russia, Saudi. As OPEC's efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal they…
Vopak to Invest in Rotterdam Terminal
Vopak Rotterdam Botlek is investing in 63.000 cbm state-of-the-art stainless steel capacity (15 tanks) for the storage of Styrene and other hazardous chemicals.
Ships Carrying US Sorghum U-turn after China Tariffs
Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain…
Truman Strike Group Enters European Theater
The Harry S. Truman Carrier Strike Group (HSTCSG) entered the U.S. 6th Fleet area of operations April 18, 2018 as part of a routine deployment in support of NATO allies, European and African partner nations, coalition partners, and U.S. national security interests in Europe and Africa. The presence of the HSTCSG demonstrates the multi-mission capability of the U.S. Navy’s globally deployed force and…
Port of Rotterdam Authority Launches New Pronto Application
Port of Rotterdam Authority presented the first version of its new digital application Pronto. Pronto constitutes a major step forward when it comes to improving efficiency for the some 30…
Grindrod Sells Off Bunker Division
South African ship owner Grindrod has sold its bunker division, Unicorn Bunker Services (Pty) Ltd., for an undisclosed sum to new co-owners WOESA (Women in Oil and Energy South Africa) and Linsen Nambi.Financed through the Industrial Development Corporation (IDC), the deal creates the nations first 100 percent black ship owners and facilitates the participation of black women and black youth in the…
RMS St. Helena to Return as Anti-piracy Armory Vessel
The RMS St. Helena, Britain’s last working postal ship, was for nearly three decades the main source of contact between one of humanity’s remotest islands and the outside world.Now the ship…
TechnipFMC Grabs BP FPSO Design Contract
UK-based TechnipFMC has been awarded a front-end engineering design (FEED) contract by BP for the floating production storage and offloading (FPSO) unit for the Tortue/Ahmeyim Field Development…
MINSHIP Boosts Digitalization with DNV GL
MINSHIP Shipmanagement, based in southern Germany, has chosen DNV GL’s ShipManager fleet management software solution for its fleet of dry cargo vessels.MINSHIP is optimizing processes as they are managing a growing fleet. A key part of the optimization involves replacement of various separate systems and spreadsheets for ship management activities with a user-friendly and integrated fleet management solution.“Our future outlook focuses on becoming more digitalized…
Japan, China Agree Trade War Will Harm Global Economy
Japan and China agree that a trade war will have serious consequences for the world economy, Japanese Foreign Minister Taro Kono said on Monday after a high-level economic dialogue between the world's third- and second-largest economies. Concern is growing about a trade row between China and the United States in which the two nations have threatened each other with tariffs. Japan has been criticised by U.S.
Africa’s Ports Can Accelerate Growth: PWC
Africa needs to take advantage of the economic potential of its ports and shipping sector if it is to realise its growth ambitions. Globally, ports are gateways…
Season’s First Saltie Heads for Duluth-Superior
The first ‘saltie’ of the 2018 commercial navigation season is on its way to the Port of Duluth-Superior. The 656-foot bulk carrier Federal Weser is scheduled to…
Royal IHC Bags Big Order from Egyptian MOD
Royal IHC has secured an order from the Engineering Authority at the Egyptian Ministry of Defence (MOD). The contract comprises the construction of 10 IHC Beaver…
Norway's DOF: OSV Market Improving
The cost of renting offshore supply vessels (OSVs), servicing oil and gas firms, will continue to rise as many ships that were mothballed up during the downturn will not return to the market…