Fully Laden LNG Tankers Sit Idle Off Indian Ports after Force Majeure
At least five fully-laden liquefied natural gas (LNG) tankers are idling offshore India, as yet unable to discharge their cargoes, after importers there declared force majeure earlier this week, according to an analyst and shipping sources.Gas demand is falling globally amid the fast-spreading coronavirus which has capped industrial output, forcing LNG tankers in several regions to remain at sea fully laden with no immediate destination, the sources said.At least three major buyers in India…
Ocean Infinity’s Hunt for the Submarine San Juan
The search for the Argentinian submarine was like hunting for the proverbial needle in a hay stack, except that it was a piece of straw. Elaine Maslin reports. At 7.19am, local time, on November 15, 2017, the last message was received from the San Juan submarine. She belonged to the Argentinian navy and was on a routine mission from Ushuaia in the Patagonia region to Mar del Plata in Buenos Aires province when she lost contact with the military. Fifteen days later, neither the submarine nor any debris had been found and the crew of 44 sailors were presumed dead.
Silk Roadblock: Coronavirus Exposes Nigeria's Reliance on China
Yetunde Oluyide has run a gift shop in bustling Lagos for nearly a decade, but with coronavirus curtailing imports of Chinese goods, she is losing more than 2 million naira ($5,555) a month.Oluyide's reliance on China to fill the shelves of Yetty-Jewel Ventures reflects the close ties between the world's second largest economy and Africa's most populous country."For the past two months, we have not been able to ship in anything," Oluyide said. "I'm anxious."China accounts for around a quarter of Nigerian imports…
DP World, Namibia's Nara Namib Sign MoU
Dubai based logistics giant DP World has signed a memorandum of understanding (MoU) to develop a free economic zone for industry and logistics in Namibia.The port operator said the agreement with Namibia’s Nara Namib Free Economic Industrial Zone will support the growth of Namibia as a regional hub for southern Africa.The development will help Namibia grow as a center for industrial operations and logistics, creating opportunities and jobs across multiple sectors including agriculture…
Monjasa Expands to Angola
Danish bunker company Monjasa announced the opening of its first office in Luanda, Angola, to support the West Africa oil and shipping activities.Monjasa started supplying bunkers across West Africa in 2009 and since then, it has delivered a total of 10.6 million tonnes of fuel products across the region from the Gulf of Guinea to Namibia."Monjasa is currently enabling the IMO 2020 transition by making new low-sulfur marine fuel available across the region. Today, Monjasa is the leading supplier in West Africa measured on volume and a fleet of 10 tankers deployed in the region…
Namdock wins Angolan Navy Maintenance Contract
In September 2019, in a milestone agreement, Namdock concluded a contract to maintain and repair the vessels of the Marinha de Guerra Angolana (MGA), the Angolan Navy.According to Namdock’s Commercial and Operations Manager, Willie Esterhuyse, although the contract has been concluded, the exact date when the vessels will be arriving in Walvis Bay has not been finalized, it is anticipated that this will be early in 2020.In terms of this agreement, Namdock will take two Angolan Navy vessels into its dry docks initially.
West Africa Crude-Freight Rates Ease
Freight rates to Europe and Asia have continued to ease, albeit at a less rapid rate than during the middle of the month, boosting price offerings for West African grades, traders said on Monday. Rates for VLCCs from Nigeria's Bonny Light terminal to Singapore settled at $3.25 a barrel on Friday from highs just below $10 two weeks earlier, according to Refinitiv data, while for Rotterdam they eased to $2.72 from a high above $5.Rates for key Angolan grade Girassol aboard a VLCC bound for China plunged to $3.84 a barrel from highs of $11.39.
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 oil have soared in value but have had to be marked down due to the higher costs of transport.The United States imposed sanctions on units of China's COSCO on Sept.
Privinvest’s Deliveries to Mozambique: A Model for Africa
Media reports about Mozambique’s failure to launch a fishing and security fleet and its subsequent $2 billion debt default seem destined to torpedo, or at least set back similar efforts to build needed coastal security and national fishing fleets across Africa. That must not happen.The systems and equipment Mozambique bought a few years ago from shipbuilder Privinvest could serve as a template for coastal African nations seeking to rightfully benefit from their natural resources…
Sea Shepherd, Namibia Fight Fisheries Crime
The Namibian Ministry of Fisheries and Marine Resources (MFMR) compliance officials and Sea Shepherd, onboard the Ocean Warrior, have jointly carried out successful surveillance activities in Namibia`s Exclusive Economic Zone (EEZ), effectively causing illegal factory trawlers to abandon the Skeleton Coast.The main objective of these joint patrols was to tackle Illegal, Unreported and Unregulated (IUU) fishing in Namibian waters. These initiatives assisted the MFMR and other Namibian…
Opportunities for Boat Building in Eastern Cape
Transnet National Ports Authority’s (TNPA) Port of Ngqura has hosted the testing and launch of the first ever locally manufactured aluminium vessels by PE-based boat builder, Legacy Marine. As the company’s ship yard is based in Perseverance, the low bridges blocked the route to the Port of PE in the past, restricting the building of larger vessels. When the new Port of Ngqura stepped up as an alternative port, it contributed to the expansion of boat building in the Eastern Cape.“Now that the port is available for new vessel launches…
Angola's Soyo LNG Plant Resumes Production
Angola's Soyo liquefied natural gas (LNG) plant has resumed production after a "controlled" shutdown, a spokeswoman for Angola LNG said on Tuesday.She did not specify why the shutdown had occurred and declined to say when the plant would load its first cargo after reopening.An LNG trader in Europe said a cargo is expected in late December or early January.Two Angola LNG vessels are signalling arrival at Soyo, Refinitiv Eikon shipping data showed. The Sonangol Etosha is expected at Soyo on Dec. 28 and the Sonangol Sambizanga on Jan.
Angola LNG Offers Cargo for Delivery into Asia
Angola's liquefied natural gas (LNG) export plant has offered to sell a cargo for delivery into Asia in December, two industry sources said on Friday.Bids are due by Nov. 6, and are to remain valid until Nov. 7, one of them said.(Reporting by Jessica Jaganathan, Editing by Sherry Jacob-Phillips)
Ocean Rig Announces New Contracts
The international contractor of offshore deepwater drilling services Ocean Rig UDW has entered into a new drilling contract with Chariot Oil & Gas Limited for a one-well drilling program, for drilling offshore Namibia.The contract is expected to commence in direct continuation of the previously announced program with Tullow Namibia Limited in the third quarter of 2018 and will be performed by the Ocean Rig Poseidon.Ocean Rig has entered into a Letter of Intent (LOI) with a European Major Oil Company for a firm two-wells program plus two optional wells…
GAC Angola Renews Ship Agency Deal with POSH Semco
Offshore marine services provider PACC Offshore Services Holdings Ltd. (POSH) has reaffirmed its working relationship with GAC Angola by renewing its ship agency contract for Soyo and Luanda and extending the agreement to include Cabinda.Under the deal, GAC now provides an integrated range of services for the POSH fleet at all Angolan ports, including crew handling, spares clearance and delivery, bunker fuels and inward/outward clearance of vessels.Kelvin Teo, POSH Director Offshore Supply Vessels…
LNG Trade Grew 10% in 2017 -EIA
Global liquefied natural gas (LNG) trade grew by 10 percent last year due primarily to growing liquefaction capacity in the Australia and the United States, the U.S. Energy Information Administration (EIA) said on Monday.LNG trade reached 38.2 billion cubic feet per day (bcfd) in 2017, up 3.5 bcfd from 2016 and the largest annual volume increase on record, the EIA said, citing the Annual Report on LNG trade by the International Association of Liquefied Natural Gas Importers (GIIGNL).New liquefaction export capacity commissioned in Australia…
Angola LNG Plant Sells Cargo to Petrobras
Angola's sole liquefied natural gas (LNG) project has sold a cargo loading over May 12 to 13 to Brazil's Petrobras, two industry sources said on Monday.The exact price details could not immediately be confirmed but the cargo is priced off the European benchmark National Balancing Point (NBP) gas price, one of them said.The cargo will be loaded on the vessel 'Sonangol Sambizanga' and will head to Brazil, the source added.(Reporting by Jessica Jaganathan; Editing by Christian Schmollinger)
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, the Abuja Memorandum of Understanding (MoU) will host its 3rd Ministerial Conference and 9th Port state Control Committee Meeting with the aim of developing a unified system of Port State Control inspection procedure for the region. The Memorandum of Understanding on Port State Control for West and Central African Region…
CMA CGM Adjusts EURAF 5 Service
The CMA CGM Group announced it is reinforcing its service from Europe to West Africa through a new call at Kribi (Cameroon) and shortened transit times from North Europe on its EURAF 5 service. The new service started in January 2018. As a result, its EURAF 5 (Europe-West Africa) will benefit from a new port coverage on the following route: Antwerp, Le Havre, Lisbon, Algeciras, Pointe Noire, Luanda, Kribi, Douala, Abidjan, Algeciras, Antwerp. Transit times will also be shortened up to 10 days from Northern Europe to Douala with a weekly direct service.
CMA CGM Improves Canada to West Africa Service
CMA CGM announced a significant improvement of its product from Montreal, Canada to Africa West Coast strategic markets. Starting May 6th, 2017 with the opening of the new service Med Canada, CMA CGM will connect Montreal cargo to West Africa with our 6 EURAF services via the hub of Tangiers. Transit times will be shortened up to 12 days. Apapa will be reached in 25 days Angola, Congo, the Democratic Republic of Congo on EURAF 5 and Gabon, Equatorial Guinea on EURAF 4 will continue to be connected on St Laurent service.
Cuban Refined Oil Product Exports Drop Sharply
Cuban exports of refined oil products fell about 97 percent between 2013 and 2016, according to a United Nations trade report released this week, reflecting falling supplies from its political ally Venezuela. The UN Comtrade annual report put the value of Cuban fuel exports last year at $15.4 million, compared to more than $500 million in 2013. The amounts for 2015 and 2014, when oil prices collapses, were $163.5 million and $336.8, respectively. The figures were based on import data from reporting countries, which may make them incomplete.
Vitol Signs Deal with Angola LNG
Angola LNG (ALNG) and Vitol, the world’s largest independent energy dealer, have entered into a multi-year LNG sales agreement. Under the agreement, ALNG cargoes will be delivered to Vitol at destinations around the world. Commenting on the sales agreement, Artur Pereira, CEO, Angola LNG Marketing Ltd, said: “This sales agreement is an important step for Angola LNG and demonstrates our ability to respond to the needs of our customers and the market. Pablo Galante Escobar, Head of LNG, Vitol, said; “We are delighted to have entered into this agreement with Angola LNG.
BP’s LNG Carrier Fleet is Growing
BP said it will take delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers in 2018 and 2019 to support its expanding global LNG portfolio. BP’s finance partners KMarin and ICBC Leasing are investing more than $1 billion in the tankers. The vessels will join BP’s exixting fleet to help service a 20-year liquefaction contract with the Freeport LNG facility in Texas, as well as other international LNG projects in BP’s global portfolio. “These vessels will significantly increase BP’s ability to safely transport LNG to anywhere in the world…
Asian LNG Spot Prices Jump after European Gas Outages
Asian liquefied natural gas (LNG) spot prices jumped this week in reaction to volatile price spikes on European gas markets and ongoing demand from the region's major consumers. Spot prices for January delivery hit $10.50 per mmBtu, 40 cents above last week, with February prices seeing similar levels. In a tumultuous week, European gas prices gyrated wildly following a flurry of major pipeline and production outages coinciding with high demand and freezing weather. The rally began…
Total Extends Energy Scout PSV Contract
Norwegian shipowner Golden Energy Offshore Services has been awarded a contract extension for one of its platform supply vessels with Total in Nigeria. The company announced end of June 2017 to have entered into a contract with Total E&P Nigeria for the PSV Energy Scout - for a firm period of 3 months + optional periods of 3 months each. The Company announced extension end of September 2017. Energy Scout contract is now further extended in Direct continuation present firm contract and vessel now firm until 1st April 2018 + optional periods of 3 months each thereafter.
New 800m Quay Planned in Portugal
Portugal’s Blue Atlantic has released new plans for an 800 meter quay to berth two Panamax vessels showcasing its maritime trade potential. The 96-hectare site for sale in one of Europe’s leading maritime industrial zones is being primed for maritime, ports and logistics investors targeting the Iberian Peninsula and mainland Europe. Blue Atlantic project lead Fernando Fernandes said it offers one of the fastest and most efficient routes in and out of Europe, bypassing the congested Mediterranean.