Topaz Revenue Climbs
Revenue of Topaz Energy and Marine of the United Arab Emirates (UAE) for the six-month period of 2019 was $235 million, an increase of 56% compared to H1 2018.Dubai-based offshore vessel operator’s first-half net income also surged to $42 million from a $4m loss recorded at the end of first six months of 2018.Earnings before interest taxes, depreciation and amortization rose by 83 percent to $141m in the first half.The global ports operator DP World acquired Topaz from Oman's…
Nansha Doubles Direct Sailings to Rotterdam
The deep-water port of Nansha in Guangzhou, a city of 15 million people in the vicinity of Hong Kong, has doubled the number of direct connections with North Europe and West Africa, following the arrival of the Elly Maersk.The Elly Maersk departed from Nansha for Rotterdam on 28 July; the first departure of the new 2M service, doubling the number of direct departures from Nansha to Rotterdam. The Ocean Alliance also already has direct connections with this fastest growing port in the south of China.Nansha port started international departures ten years ago…
Chinese Port Doubles Direct Connection with Europe
The deep water port on the shore of the Pearl river (aka Zhujiang River), in the Nansha District in the Southern China, Port of Nansha doubled direct connection with North Europe and West Africa.The first navigation ceremony was held at the dock site on July 28, as the first sailing of Elly Maersk in port of Nansha marked a new upgrade of AE7/CONDOR of 2M alliance from Asia to Europe.On this service 2M alliance deploy 12 vessels of 14 to 18 thousand TEU, calling Nansha on every Sunday.
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 two berths.The Ghana Ports and Harbours Authority, which operates the harbor is located along the Gulf of Guinea, said that with the state-of-the-art technology and equipment, 1,427 containers were discharged and 730 containers loaded.Incidentally, Maersk Cape Coast was inaugurated and christened at the port of Tema in 2011.
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 expansive global coverage by offering direct port calls between West Africa, South Africa and key locations in West Asia.The new service will offer market leading transit times between the West Asian ports of Jebel Ali, Mundra, Nhava Sheva and Colombo and African ports of Durban, Cape Town, Tema, Tincan and Apapa.The AIM Service…
Hapag-Lloyd Launches New Africa Service
Hapag-Lloyd is expanding its African liner services and will offer its MIAX (Middle East-India-Africa Express) service starting in October 2019. It will include direct connections between the Arabian Gulf, India, Colombo (Sri Lanka), La Réunion, South Africa and West Africa.MIAX is integrated into the Global Mainline Network with the central ports Jebel Ali (Dubai) and Colombo. Hapag-Lloyd will operate MIAX jointly with Ocean Network Express.
Piracy: West Africa, World's Most Dangerous Seas
The seas off West Africa's coastline are now the most dangerous in the world for shipping, the International Maritime Bureau’s (IMB) latest report revealed.According to the report, of the 75 seafarers taken hostage onboard or kidnapped for ransom worldwide so far this year, 62 were captured in the Gulf of Guinea – off the coasts of Nigeria, Guinea, Togo, Benin and Cameroon.The IMB Piracy Reporting Center (IMB PRC) recorded 78 incidents of piracy worldwide and armed robbery against ships in the first half of 2019, compared with 107 incidents for the same period of 2018.
DP World Set to Acquire Topaz Energy
The world’s largest port operator DP World is in advanced discussions to acquire Topaz Energy & Marine, marking the Dubai-based company's first potential foray into the oil and gas industry.Britain’s Sky News, citing sources, earlier reported that a $1.3 billion deal for DP World to take over Topaz could be announced as early as Monday. The report didn't specify whether the valuation was referring to the equity or enterprise value of the transaction.However, Bloomberg reported that the port operator is in “very advanced” discussions to acquire Topaz Energy.
ICS Launches Annual Review
In advance of its AGM in the Faroe Islands next week, the global trade association for shipowners, the International Chamber of Shipping (ICS), has launched its Annual Review 2019, providing in-depth insight into the most pressing issues confronting shipping, which moves about 90% of global trade.ICS Chairman, Esben Poulsson, explains: “The immediate focus of ICS is the successful implementation of the UN IMO global sulphur cap, which will take complete effect on January 1. ICS…
APM Terminals Boosts Nigerian Agri-Export
The West Africa Container Terminal (WACT) has invested in a new container freight station (CFS) at the Port of Onne, Nigeria.The 1,520m2 facility - the first of its kind in East Nigeria - provides Nigerian farmers with an opportunity to grow their business by exporting goods such as cashew nuts and sesame seeds.While the country has long been associated with the oil industry, it is estimated that more than 22% of the country's GDP is generated from agriculture. "A government drive to encourage exports…
Konecranes Cranes for Winning Int'l Group
A fleet of specially-designed, durable and productive Konecranes Gottwald Mobile Harbor Cranes is enhancing supply chain efficiency for Winning International Group.The cranes play a critical role in Winning International Group’s supply chain, by loading 30,000 tonnes per day of bauxite from feeder barges onto a mother vessel, ready for shipment between China and West Africa.“Our Konecranes Gottwald Mobile Harbor Cranes have proven themselves in a rough open-sea environment. They have been custom-tailored to our bauxite handling application…
Overcoming Local Crew Challenges
Dubai headquartered offshore support vessel (OSV) company Topaz Energy & Marine provides marine solutions to the global energy industry with primary focus on the Caspian, Middle East, West Africa and Subsea operations in the North Sea and Gulf of MexicoIn 2017, Topaz awarded Worldwide Recruitment Solutions (WRS) a contract as sole provider of managed services, which saw the UK based workforce solutions provider undertake crew management responsibilities for five vessels, all Topaz owned and operated…
Norden Expands into West Africa
Danish shipping giant Norden is opening an office in Abidjan, Ivory Coast, as part of the Company’s continued global expansion.The office will generate new business and focus on contributing positively to the development of the region, the dry bulk and tanker owner said in a press release.“Norden opens offices and employs people with a long-term horizon and that is also the case for our move into West Africa. We wish to come even closer to our business partners and increase our business presence and at the same time be part of and help the region develop by investing manpower…
Monjasa Moves Bunker Tanker to Panama
Danish bunker group Monjasa has transferred a ship from West Africa to Panama, where it carried out its first fuel supply off the coast of Balboa."As part of a fleet reshuffle, Accra arrived in Panama after forming part of Monjasa’s West Africa bunker operation. The tanker fast received all safety and operational approvals from the Panama Maritime Authorities and completed her first fuel supply at Balboa Anchorage on 18 January," said a statement from the marine fuels supplier.Accra is a 2010-built and 8,800 dwt tanker.
Global Piracy Up in 2018, Gulf of Guinea Leads
Piracy increased on the world’s seas in 2018, with a marked rise in attacks against ships and crews around West Africa, the International Chamber of Commerce’s International Maritime Bureau’s (IMB) latest annual piracy report reveals.Worldwide, the IMB Piracy Reporting Centre (PRC) recorded 201 incidents of maritime piracy and armed robbery in 2018, up from 180 in 2017.The Gulf of Guinea remains increasingly dangerous for seafarers. Reports of attacks in waters between the Ivory Coast and the Democratic Republic of Congo more than doubled in 2018…
Seacor Marine Acquires Three Fast Support Vessels
U.S. offshore vessel owner Seacor Marine has acquired of three fast support vessels (FSVs) in exchange for the private placement of 603,872 shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana.The provider of global marine and support transportation services to offshore oil and natural gas and windfarm facilities worldwide has operated the acquired vessels for the past ten years under a revenue sharing pooling agreement along with four of its owned FSVs of similar specification.As part of the transaction, this pooling agreement was terminated.
West Africa to Promote Electronic Data Exchange for Vessels
Ships and ports will need to be able to exchange arrival and departure data electronically from April 2019, under International Maritime Organization (IMO)'s Facilitation Convention said a press note.There requirements also encourage the use of a single window in which all the many agencies and authorities involved exchange data via a single point of contact. Training in the treaty requirements took place during national seminars in Malabo, Equatorial Guinea (13-15 November) and in Nouakchott, Mauritania (20-22 November).
Tilbury Port to Capitalise on Opportunities to Boost Trade
Tilbury Port and the people that work there will play a major role in helping the UK to increase international trade after we leave the European Union.International Trade Secretary Dr Liam Fox visited Tilbury Port to meet with port workers and management, as well as members of the Tilbury on the Thames Trust.Tilbury is the fastest growing port in the UK and a £1 billion investment programme will see the port employing 9,000 people by 2020, 3 times more than it did in 2012. One…
The USD1trln African Maritime Industry Mulls Further Growth
The blue economy can be the engine of economic growth, the basis of socio-economic development and industrialization for many African countries, if well utilized.The maritime industry, for example, is estimated at over $1 trillion, and there are other related and emerging sectors of tourism, offshore renewable energy, aquaculture, seabed extractive industries, marine biotechnology and bio prospecting.Said Adejumobi, Southern Africa Director, UN Economic Commission for Africa (ECA) said that the Economic Commission for Africa is fully committed to supporting the African Union…
Missing Tanker Docks in Togo after Suspected Hijacking
A tanker with 19 crew members on board has docked at a port in Togo after going missing for over a week in a suspected hijacking off the West African coast, the crew's agency said on Friday.The Ialkani agency and the ship's managers lost communication with the Panama-registered Pantelena on August 14, when it was about 17 miles (27 km) from the port of Libreville, in Gabon.Two Russian nationals and 17 Georgians were aboard the vessel, a dual purpose oil or chemicals tanker managed by Athens-based Lotus Shipping.
Unipec Suspends US Oil Imports as Trade Spat Intensifies
China's Unipec, the trading arm of state oil major Sinopec, has suspended crude oil imports from the United States due to a growing trade spat between Washington and Beijing, three sources familiar with the situation said on Friday.The sources declined to be identified as they are not authorised to speak to the media.It is not clear how long the temporary halt will last, but one of the sources said Unipec has no new bookings of U.S. crude until at least October.Unipec and Sinopec, Asia's largest refiner and biggest buyer of U.S.
DNV GL Secures Shell Penguins Contract
DNV GL has won a cross-service contract to support Shell's Penguins Field redevelopment on the UK Continental Shelf.The contract with Shell involves a team which will deliver an integrated verification and class project for the operator's Penguins floating production storage and offloading (FPSO) vessel.DNV GL is providing integrated Verification and Class services to the project. This will be led by a team in UK Oil & Gas, collaborating with the DNV GL Offshore Class unit in Norway and the DNV GL yard team in China and the Philippines.Justin Fletcher…
Short Sea Providers Partner with Navis to Optimize the Vessel Stow
On-premise vessel stowage software StowMan takes feeder liners and logistics providers to the next level of vessel stowage planning. Navis, the leading provider of vessel stowage planning solutions, announced that in the first half-year 2018 five feeder liners, including Tehama Shipping and Transinsular, have selected the on-premise stowage planning solution StowMan. The partnership with Navis aims to improve vessel stowage planning and an effective load list handling in order…
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…
Fraser to Head DNV GL’s Noble Denton Marine Services
DNV GL has appointed Neil Jamieson Fraser as its new head of Noble Denton marine services in the UK and West Africa. The role will focus on marine warranty, marine advisory/assurance, technical assurance, and advanced engineering services. Fraser has worked with DNV GL for more than 25 years and has held a number of senior positions within the company in the UK, West Africa and most recently, in South America. He recently returned to the UK after nearly four-years based in Rio…
South Africa Cruise Ports Nominated for World Travel Awards
The Transnet National Ports Authority (TNPA) operated Ports of Durban, Cape Town, and Elizabeth have been nominated for the Africa & Indian Ocean segment of the 25th annual World Travel Awards in the category of “Africa’s Leading Cruise Port 2018”.Founded in 1993, the World Travel Awards seek to acknowledge, reward and celebrate excellence across all sectors of the global travel and tourism industry. Global travel and tourism industry leaders will be recognized at the various World Travel Awards gala ceremonies, with Durban hosting the Africa and Indian Ocean segment for the third time.