Category archives for: Africa

Grimaldi Beefs Up Southern Express

Grimaldi Beefs Up Southern Express

Grimaldi Lines, the Italian RoRo ship owner represented by Niels Winther in Denmark, is expanding its Southern Express route with weekly departures from Europe to West Africa. As of September, Grimaldi Lines is increasing the frequency of its Southern Express line, providing weekly departures from Europe to West Africa and back. The Italian ship owner will incorporate […]

Have Your Say on Green Agenda

Have Your Say on Green Agenda

Growing concerns about the state of the world’s oceans and the impact that shipping has on quality of the air has led to ever more legislation on emissions. The Institute of Marine Engineering, Science and Technology (IMarEST) and Colfax Fluid Handling, are working together to investigate perceptions of the ‘Green Agenda’ and whether shipping companies […]

First MOAS Rescue Mission Bears Fruit

First MOAS Rescue Mission Bears Fruit

Malta-based Migrant Offshore Aid Station (MOAS) successfully coordinated two rescues at the Mediterranean Sea on Saturday, August 30, under the guidance of the Maritime Rescue Coordination Centre of Rome. On Saturday morning, MOAS was directed by MRCC Rome to a vessel in distress: a wooden fishing boat carrying 227 Syrians and Palestinians. The group consisted […]

Heroin Laden Ship Blown Up

Heroin Laden Ship Blown Up

Kenyan President Uhuru Kenyatta oversaw the operation to blow up the ship caught with the heroin haul worth over USD 11.3 million on Friday, August 29. The President – aboard a Kenya Air Force chopper, and the Kenya Navy in the warship KNS Jasiri – led journalists, security personnel and anti-narcotic officials as the ship and the drugs were […]

Readers’ Picks of the Week (Aug 25-29, 2014)

Readers’ Picks of the Week (Aug 25-29, 2014)

Plastic Main Propellers Making Debut Plastic Main Propellers Making Debut Japanese classification society ClassNK and Nakashima Propeller Co., Ltd., have installed the world’s first carbon fiber reinforced plastic (CFRP) propeller on a main propulsion system of a merchant vessel.…Read more Deadliest Week in Mediterranean More than 300 people died while trying to make irregular sea […]

Dry Bulk Shipping Earnings Set for Comeback

Dry Bulk Shipping Earnings Set for Comeback

Despite weak freight rates so far this year, dry bulk shipping earnings are forecast to recover as demand for both major and minor bulk commodities rises, according to the Dry Bulk Forecaster report published by shipping consultancy Drewry. Freight rates have been depressed due to a continuing oversupply of vessel capacity, despite recent moderation in […]

Bigger Ships Needed for US Ethane Boom

Bigger Ships Needed for US Ethane Boom

Lloyd’s Register has issued a report entitled Seaborne Ethane: a Report into the Commercial Need and Technical Requirements for Very Large Ethane Carriers that looks at the commercial landscape, regulatory issues and technical realities of a new trade in ethane emerging as a result of increased US gas production – and the technology required for […]

DP World’s Newly Added Capacity Bearing Fruit

DP World’s Newly Added Capacity Bearing Fruit

Global marine terminal operator DP World has recorded strong financial results from its global portfolio of marine terminals for the six months to 30 June 2014, delivering profit attributable to owners of the company before separately disclosed items of $332 million, 40.8% ahead of the first half of 2013 on a like-for-like basis. Financial highlights […]

Drillers to Favor Buying over Building?

Drillers to Favor Buying over Building?

The cyclical downturn in the offshore oil and gas-drilling market may provide an opportunity for drillers with financial flexibility to buy high-yield peers at favorable prices, rating agency Fitch Ratings said. In this environment, master limited partnerships (MLPs) may provide additional financial flexibility for corporate parents looking to acquire assets. Near-term offshore demand has moderated, […]

Deadliest Week in Mediterranean

Deadliest Week in Mediterranean

More than 300 people died while trying to make irregular sea crossings from North Africa to Europe in the past week, bringing the death toll this year from sinking vesels on the Mediterranean to almost 1,900, including some 1,600 since June, according to UNHCR. “The past few days have been the deadliest this year on […]

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