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West African

OT Africa Line Appoints a New Spanish Agent

OT Africa Line (OTAL), the specialist West African shipping line, has appointed a new Spanish agent, Isamar. Isamar, like OTAL, is part of the Bolloré Group. It shares common goals with OTAL and benefits from the added security of being part of a large, financially strong and well integrated transport organization. Founded in 1993, Isamar is a logistics company with a specific focus on maritime transport. It has offices in nine Spanish cities including, Alicante, Barcelona, Bilbao, Madrid, Las Palmas, Seville, Tenerife, Valencia and Vigo. Isamar also acts as agents for OTAL in Portugal where it has offices in Lisbon and Leixoes. The strengthening of OTAL's agency network in Spain is both a logistical and strategic move. Spain is an important export partner for many West African countries including: Equatorial Guinea, Cameroon, Mauritania and the Gambia. In addition, Spain's prime location in the Mediterranean, neighbouring both France and Portugal, makes it an important transport hub.


Asian Crude Demand Pushes Charter Rates

A typical VLCC uinderway (file image: EuroNav)

Robust Asian demand for West African crude is fueling a worldwide surge in shipping rates for the largest oil tankers that is being felt from Houston to Singapore. Chartering rates for Suezmaxes and very large crude carriers (VLCCs) have recovered rapidly in recent weeks after plunging to their lowest in more than year this summer. The spike in rates comes as Asian refiners return to the market after a seasonal turnaround period


Guinea To Pay Compensation In Shipping Dispute

A U.N. maritime court reportedly ordered the West African state of Guinea to pay St. Vincent and the Grenadines in the Caribbean more than $2.1 million for firing at sailors on the oil tanker Saiga.


OTAL Upgrades West African Shipping Services

OT Africa Line (OTAL) has announced a number of developments to its West African Ro-Ro and container services designed to give customers access to a greater number of ports. The changes will also provide improved transit times and more frequent sailings to ensure even more extensive transport coverage of the trade to and from this region. OTAL continues to operate its established multipurpose Ro-Ro service but with the addition of a restructured improved all-round schedule called the


Pirated Tankship Found Off West Africa Coast

File photo

An oil tanker missing for a week off the coast of West Africa was attacked by pirates who stole its cargo, the company that managed the ship said on Thursday after speaking with its captain. The Liberia-flagged MT Fair Artemis had last made contact with its manager, Fairdeal Group SA, on June 4 when it was off the coast of Ghana. "The ship was boarded by a number of pirates who have stolen the cargo and other items on the vessel


SAL Heavy Lift Completes Africa Move

Picture courtesy SAL

AL Heavy Lift's Frauke has completed a six-month project transporting oversize cargoes for a West African offshore development. Two empty carousels - each measuring 12 m high by 26 m wide and tipping the scales at 620 tonnes - were loaded onboard the heavy lift vessel in Netherlands and exported to the USA. Stateside, more than 2,000 tonnes of umbilicals were spooled onto the carousels. The carousels, now weighing 1,465 tonnes and 1,875 tonnes respectively


“Old Ship” Fears Drive Tanker Markets Higher

North Sea crude markets held steady mid last week, as a combination of high freight rates and absences at industry functions subdued trade. Dated Brent was assessed near last deal done at April Brent +95 cts, with Brent CFD swaps for this week also in that area. Next weeks CFDs are seen around April Brent +90 cts. Institute of Petroleum week in London is keeping trade to a minimum, as are high freight rates caused by an exodus of older vessels out of Europe in the wake of the Erika spillage


First S. African Oil and Gas Shipyard Opens

South Africa's first shipyard to construct oil and gas production platforms was recently opened, according to a Reuters report. The shipyard will provide a foothold for the country to take advantage of a booming oil sector in Angola and other West African countries. South Africa is hoping the $30.4m plant, part of a $258.3m investment by Germany-based MAN Ferrostaal AG, will act as a service hub for Africa's burgeoning oil industry.


Pirates Kidnap Four Off West African Coast

Hansa Marburg: Photo courtesy of Leonhardt and Blumberg

Pirates attacked the German-owned Liberian-flagged container ship 'Hansa Marburg' off the coast of Equatorial Guinea. Citing the Hamburg-based shipping firm Leonhardt and Blumberg, owners of the vessel, Reuters report that the the four hostages - two Ukrainians, a Russian and one from the Pacific island nation of Kiribati - were taken when the Liberia-flagged Hansa Marburg was attacked on Tuesday by armed men. The raid took place around 130 nautical miles off the coast of the small West


Guinea Opens Box Port in UAE Bauxite Complex

Guinea opened a new container terminal on Wednesday, part of a bauxite complex being developed in the West African country by Abu Dhabi investment fund Mubadala. Mubadala signed a $5 billion agreement with Guinea in 2013 to develop a bauxite mine, alumina refinery and a port in Guinea to secure raw material for the United Arab Emirate's aluminium plants. The terminal in the new port of Kamsar will be used by the complex as well as by third parties as an alternative to container


China Gobbles up Angolan Oil in Rush to Year End

China's loadings of West African crude are set to hit their highest in more than two years in November as the nation's refineries race to stock up and offset falling domestic oil production, according to a Reuters survey of shipping fixtures and traders.  


About 100 Migrants Feared Dead in Mediterranean

Six migrants died and up to 100 more were missing and feared dead after their rubber boat sank in the Mediterranean on Thursday, the president of the Italian unit of aid group Doctors Without Borders (MSF) said. A British navy ship rescued 27 people and recovered six bodies about 20 miles from


Tema Port To Be Expanded

President cuts sod for work on Tema Port project. Photo: Ghana Ports & Harbours Authority

 Ghana President John Dramani Mahama has launched the start of major expansion works at the Tema Port, near Accra, according to local reports.   This ambitious project involves an upgrade and significant expansion of Ghana’s main seaport


No recovery for Container Traffic in sight - Drewry

Fig 1 Source Drewry Maritime Research, derived from Container Trade Statistics

Asia to West Africa container traffic fell by 19% in the third quarter; the end-year result will not be much better. The IMF’s latest World Economic Outlook, published last month, described “multispeed” growth for sub-Saharan Africa economies with the divide between the haves


CMA CGM Launches Baltic Levant Express Service

Image: CMA CGM

CMA CGM’s new Baltic Levant Express service offers direct connection between Saint Petersburg and the Eastern Mediterranean region   Starting May 9, container shipper CMA CGM has launched the new Baltic Levant Express service, offering a direct connection between Saint Petersburg and


Ten Terex TFC 45 H Reach Stackers Delivered to Benin

Reach Stackers Courtesy Terex Port Solutions

Terex Port Solutions (TPS) delivered ten Terex TFC 45 H reach stackers to Benin. The machines were put into operation in March 2016 by Société Béninoise des Manutentions Portuaires (SOBEMAP). With the robust reach stackers


Nigeria: What are the Implications for Tanker Demand?

Source: Poten and Partners

 Nigeria’s crude oil production and exports have been hit by severe outages as a result of attacks on oil infrastructure by rebel fighters in the Niger River Delta.    Various sources report that Qua Iboe Terminal has shut down operations until further notice


Guinean Sailors Arrested after Clash with Sierra Leone Navy

Sierra Leone was holding 11 Guineans including military personnel in custody on Wednesday following a confrontation at sea involving the two West African neighbours' navies, Sierra Leonean officials said.   The incident occurred early on Monday morning off the coast of northern Sierra Leone


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.  


Pipelay, Construction Work Completed for Chevron in Nigeria

(Photo: Sea Trucks Group)

A pipelay and construction campaign for the Sonam Field Development Project for Chevron Nigeria Ltd. has been successfully completed, announced Sea Trucks Group.   The contract for the project was awarded to West African Ventures Ltd, Sea Trucks’ principle Nigerian business in June


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


Forecasters Predict Strong Atlantic Hurricane Season

Image: NOAA

Atlantic hurricane season expected to be strongest since 2012; forecasters now expect 70 percent chance of 12 to 17 named storms   In its updated 2016 Atlantic Hurricane Season Outlook, the U.S. National Oceanic and Atmospheric Administration (NOAA)calls for a higher likelihood of a


Atlantic Hurricane Season to be Stronger than Expected

In its 2016 Atlantic Hurricane Season Outlook Update, NOAAs National Weather Service indicates there is a 70 percent chance of 12 to 17 named storms. (NOAA)

 In its updated 2016 Atlantic Hurricane Season Outlook, NOAA calls for a higher likelihood of a near-normal or above-normal season, and decreases the chance of a below-normal season to only 15 percent, from the initial outlook issued in May


Port of Antwerp Invests for First Time in West Africa

Photo: Port of Antwerp

 The port of Antwerp and the port of San Pedro in Côte d’Ivoire are to collaborate over the next few years to manage further expansion of this West African entrepot.    San Pedro, the leading cacao port in the world


Sea Trucks Secures Contract in Nigeria

Jascon 30 (Photo: Sea Trucks Group)

Sea Trucks Group said its principle Nigerian business, West African Ventures, has been awarded a contract for the provision of an accommodation vessel to a deepwater field, offshore Nigeria.  | The scope of work covers accommodation support services for 250 pax






 
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