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.
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
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.
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
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
West African crude loading for Asia is expected to slide more than 10 percent in January as some buyers opt for regional grades or cargoes in floating storage, a Reuters survey of traders and shipping data showed on Thursday. Some 1.808 million barrels per day (bpd) are scheduled to load from Nigeria, Angola, Ghana and other West African producers over the coming month, down from December's 17-month high of 2.1 million bpd.
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
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
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.
Taiwan's state-owned Chinese Petroleum Corp (CPC) has bought two very large crude carriers (VLCC) of West African crudes via its September tender, a company official said on Thursday. The volumes were below CPC's usual purchase of three to four VLCCs per month. Each VLCC can load up to two million barrels each. "We have high inventories and not so much requirement," the CPC official said. The details of the tender, which closed on Monday, were still unclear.
Polarcus Limited has announce that the Company has finalized a contract for 3D marine seismic acquisition in Australia. The program will deliver a high quality broadband data-set utilizing one of the Company's highly efficient Polarcus X-bow vessels operating under the
The Greenpeace ship My Esperanza has docked at the port of Praia in Cape Verde. For eleven weeks the Esperanza will sail the waters of six West Africa States - Cape Verde, Mauritania, Guinea Bissau, Guinea, Sierra Leone and Senegal to raise awareness on the state of fisheries
Physical trading in West Africa was muted as the market awaited tender results and the April-loading Angolan crude oil export plan. * The benchmark oil prices on which West Africa crude oil trades retraced some of Monday's losses as confidence in OPEC's cut plan rose.
Paramilitary gendarmes firing in the air sealed off access to Ivory Coast's main port on Wednesday, forcing companies including cocoa exporters to close down, as weeks of unrest in the security forces showed no signs of easing. President Alassane Ouattara
CMA CGM announced and amendment to the port rotation of its MIDAS service. Effective with M/V KOTA MAJU at Khor Fakkan on January 4th, 2017, MIDAS serving India and Middle East Gulf to Africa and Indian Ocean, operated with 10 vessels up to 3,500 TEU will change as follows:
Oil futures were on track for their biggest annual gains since 2009 despite intraday losses, aided by OPEC's agreement to cut production from early next year. Still, demand for West African crude in spot trading was limited by holidays across Europe and uncertain demand in Asia. Gains in U.S
The African continent accounts for 16% (490) of active offshore fields and 17% (535) of offshore fields that are either under development or are potential developments globally, says Clarksons Research. It is also home to key offshore exploration frontiers.
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
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
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
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.
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
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
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
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