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West Africa

Topaz Secures another West Africa Contract

The Topaz Faye

Topaz Energy and Marine, an offshore support vessel company with primary operations in the Middle East and Caspian, announced a new contract win for its fast growing West Africa operation. Under the terms of the $11 million agreement, Topaz will supply a global oil major with a platform supply vessel, the Topaz Faye, for 18 months to support its offshore production operations. This contract comes on the back of several recent contract wins in West Africa and further strengthens Topaz’s $1.2 billion contract backlog. The deployment of Topaz Faye in West Africa brings the total number of vessels under operation by Topaz in the region to 10, representing approximately 10% of Topaz’s total fleet. As part of its global expansion strategy, the company is building up its capabilities in West Africa as the region represents a long-term growth opportunity for Topaz with above market growth in industry activity and OSV demand.  Topaz Faye, a medium size DP2 PSV, was recently delivered together with four sister vessels and brings the total number of vessels in Topaz’s fleet to 95, excluding two under construction, with an average age of seven years against an industry average of around 15 years.  


CMA CGM to Upgrade its PEX 3 Service

Photo: CMA CGM

 CMA CGM introduced its new PEX 3 service rotation linking US Gulf Coast and US East Coast (South Atlantic) to Asia, Africa and Mediterranean.   Effective March 9th, 2016 in Houston with m/v CMA CGM CHATEAU D’IF voy. 062PGW, the new rotation will be the following: Houston - Mobile - Miami - Jacksonville - Charleston - Tangier - Singapore - Hong Kong - Chiwan - Shanghai - Ningbo - Pusan   PEX 3 will then offer the following features: 


WSS Open Their Own Facility in Dakar, W. Africa

Simon Hutt: Photo credit WSS

Ship service providers WSS open their own premises in the port after 15 years of operation through sub-agents & service providers. Simon Hutt, Area Director for North and West Africa paid tribute to the hard work of the area operational team in West Africa who have been managing the business development activities and securing the future of the new office, saying:  “WSS has operated in West Africa for the last fifteen years through various sub-agents and service


Hapag-Lloyd Enhanced West Africa Express Service

Photo: Hapag-Lloyd

 Hapag-Lloyd will restructure and further enhance the dedicated West Africa Service Network, the company said in its press release.   Effective mid of March 2016, existing weekly West Africa Express Service (WAX) will be upgraded by deploying an additional vessel, which will enable us to extend port coverage in the existing product.   With the restructured service, Hapag-Lloyd will have a direct Apapa call on the southbound leg


Aegean Marine to Open New Service Center in West Africa

Aegean Marine Petroleum Network Inc. an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea, today announced that it plans to launch a new service center located on the Gulf of Guinea in West Africa during the fourth quarter of 2007, expanding the Company's global network of marine fuel service centers. The company also announced it has entered into an agreement to purchase a 1985-built 83


Hutton's Opens Equatorial Guinea Supply Base

Alex Taylor

As part of its continued supply network growth in West Africa, Hutton’s Group has opened a new facility in Equatorial Guinea to boost its supply chain in the region. Operating as part of Hutton’s Remote Site Services, the new base in Luba Freeport will enhance the successful supply solutions already being delivered by Hutton’s West Africa depots in Ghana and Ivory Coast. As the only ship supplier based within Luba Freeport


Topaz secures another West Africa contract

Topaz-faye DP2 platform

Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announced a new contract win for its fast growing West Africa operation. Under the terms of the US$ 11 million agreement, Topaz will supply a global oil major with a platform supply vessel, the Topaz Faye, for 18 months to support its offshore production operations. This contract comes on the back of several recent contract wins in West Africa and further


Vitol's New Bunkering Partnership in Nigerian Waters

Pic: PPPFluid Mechanics Limited

 International oil trader Vitol Group (Vitol)  has started a new bunkering operation in Nigerian waters with shipping and logistics firm PPP FM Bunkers (PPPFM), supported by the Secure Anchorage Area (SAA) West Africa.   Nigeria's PPPFM is fully licensed by that country's Department of Petroleum Resources, according to Vitol.   "Fully licensed by the Department of Petroleum Resources, PPPFM entered into an agreement with Vitol to be able to guarantee clients the


CMA CGM Modifies its Midas and Swahili Services

Midas. Map by CMA CGM

 CMA CGM has announced the strengthening of its current MIDAS service by cooperating with PIL under a new Vessel Sharing Agreement. A fleet of 11 vessels of 3,500 TEU nominal capacity will be deployed, and CMA CGM will contribute to the majority with 9 vessels.   It also announced the strengthening of its coverage of India on its SWAHILI EXPRESS service deployed on the India Middle East Gulf - Eastern Africa and Indian Ocean route.  


DryShips Ocean Rig Employment Updates

DryShips Inc., an international provider of marine transportation services for drybulk and petroleum cargos, and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, has announced that Ocean Rig as signed definitive documentation with Total E&P Angola, following the previously announced Letter of Award, for its ultra deepwater drillship "Ocean Rig Skyros."


Piracy Drops to 21-year Low, IMB Reports

Graphics: International Maritime Bureau

 Piracy and armed robbery at sea has fallen to its lowest levels since 1995, despite a surge in kidnappings off West Africa, according to a new report from the International Chamber of Commerce’s International Maritime Bureau (IMB).  


Seago Line Introduces New Vessel to Liverpool Service

Photo: Seago Line

Maersk subsidiary Seago Line has introduced a new vessel to its recently created feeder service calling at Liverpool. The Independent Accord has already started operating on the new cargo route between Algeciras-Liverpool-Dublin that began in April.


Asia Tankers-VLCC Rates to Hold, Ample Tonnage Weighs

file image: a VLCC transits the Suez Canal (Suez Canal Authority)

"Pure" chartering market with little disruption. Rates to hold around W45 for Middle East; W48 for West Africa. Freight rates for very large crude carriers (VLCCs) are likely to hold steady around existing levels as new vessel deliveries and a reduction in port delays weigh on a ample


Asia Tankers: VLCC Rates Steady on Drip-fed Cargoes

Freight rates for very large crude carriers (VLCCs) are set to maintain the current levels next week as charterers drip-feed cargoes for August loading into an overtonnaged market, ship brokers said.   "There is quite a negative outlook... we may be close to the bottom


Two more Cranes for APM Terminals Cotonou

APM Terminals new mobile harbor cranes photo APM

APM Terminals Cotonou, operating as Coman SA at Benin’s primary port, adds two new cranes, the largest mobile cranes in the Benin port. Cotonou, Benin- Coman SA, operated by APM Terminals Cotonou in Benin’s primary port, has commissioned two new Mobile Harbor Cranes (MHC) at a


CMA CGM to Upgrade its EURAF Services

Map: CMA CGM

 In a continued effort to provide increased reliability and quality service in a challenging environment, CMA CGM Group is strengthening its coverage of Europe to West Africa with the addition of the direct call in Cameroon on its EURAF 5 service and the EURAF 4 service upgrade connecting


Asia Tankers-VLCC Rates Expected to Soften

File image (Suez Canal Authority)

MidEast rates slip from two-week high on June 28; raft of new ships and repaired vessels weigh on rates. Freight rates for very large crude carriers (VLCCs) will continue to soften next week as ample tonnage supply weighs on the market, although a raft of Middle East fixtures are expected to


Offshore Oil Oscillations In West Africa

Graph: Clarksons Research

 Global excess oil supply still looks likely to average 0.5m bpd in 2016 – sufficient, it would seem, to stop oil prices rising much above $50/bbl and therefore to forestall a recovery in E&P activity and the offshore markets, Clarksons Research.  


Morocco Sells 40% Stake in Port Operator in IPO

The Moroccan government raised 1.94 billion dirhams ($197 million) by selling a 40 percent stake in state-owned port operator Marsa Maroc in the country's first initial public offering this year, traders said on Monday.   Marsa Maroc was established in 2006 and manages terminals at nine


Asia Tankers-VLCC Rates to Climb Slowly

File image: a so-called SuezMax oil tanker (Suez Canal Authority)

Around 47 MidEast charters fixed for July loading so far; older tonnage and new vessels a drag on freight rates. Freight rates for very large crude carriers (VLCCs) are set to nudge higher next week after moving above nine-month lows on increased charters this week, ship brokers said on Friday


Tracking Global Piracy Trends

Graph: Clarkson Research Services

 Piracy has existed since the conception of shipping, and pirate attacks on vessels continue to disrupt trade, raising vessel security concerns and impacting the operation and insurance costs for ships, says Clarkson Research Services.  


Maritime Security Experts Weigh in on West Africa

Risk Intelligence launches new service providing overview of operational and regulatory risks of privately contracted maritime security in West Africa   Maritime operations in West Africa are affected by threats from piracy and other maritime crime


ISS Launches new Partner Solution Initiative

ISS Vice President, Peter B. Nielsen, Partner Solutions Photo ISS

Inchcape Shipping Services (ISS), the world's leading maritime and logistics service provider, is introducing a new Partner Solutions initiative to develop and deliver added value for customers across the globe. ISS Partner Solutions will focus on the company acting as a sub-contractor to new


Monjasa DMCC Awarded Best Maritime Company

Photo: Monjasa Group

 Managing Director for Monjasa DMCC, Mikkel Jacobsen, proudly received the Dubai Multi Commodities Centre (DMCC) Award for Best Maritime Company 2016.    The DMCC counts +12,000 leading businesses in Dubai and the judging panel emphasised several years of successful growth and


Asia Tankers-VLCC Rates Strengthen on June Charters

30-40 Mid-East VLCC cargoes still to be contracted for June; Posidonia shipping event next week in Greece may dampen activity. Freight rates for very large crude carriers (VLCCs) could rise next week as charterers complete their June loading programme






 
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