MarineLink News Search
Search term • Africa
Create an email alert for Africa
CMA CGM Offers $5.5 Billion for Bollore Logistics Unit
French shipping group CMA CGM is offering 5 billion euros ($5.48 billion) for the logistics unit of Bollore, the family-run conglomerate said on Tuesday.For Bollore a deal would mean cutting ties with its biggest business while offering cash-rich CMA CGM a chance to bolster its bid to offer end-to-end transportation services and supply chain management.The business posted more than 7 billion euros in revenue last year and has 15,000 employees.News of the indicative offer, made on a cash free and
Norway Crude Mops Up in Europe as Russia's Urals Heads East
The clear winner in the race to replace Russian oil at Europe's refineries is Norway's Johan Sverdrup crude, according to Refinitiv Eikon data and traders.Johan Sverdrup was launched in 2019, making it a relative newcomer compared to Russia's Urals grade.Initially sold mostly to Asia, an EU ban on Russian seaborne oil imports imposed in December has opened up the European market where the medium sour grade has become a primary feedstock for refiners in countries such as Germany…
25 People Die as Migrant Boat Sinks Off Sfax, Tunisia
Tunisia's coastguard has recovered 15 more bodies of migrants, bringing the death toll from a shipwreck off Tunisia to 25, a security official told Reuters on Thursday.A wooden boat packed with about 110 migrants sank on Wednesday off the coast of the city of Sfax. Seventy-six people were rescued while the rest are still missing.Drowning accidents off Tunisia have dramatically increased in recent weeks…
Italy's Coast Guard Works to Rescue 1,200 Migrants Drifting at Sea
The Italian coast guard is carrying out operations to rescue two boats carrying a total of 1,200 people, it said on Monday, after a surge in the number of migrants crossing the Mediterranean from North Africa over the weekend. One of the boats, which is carrying 400 people and is in the Ionian Sea off the coast of Calabria, southern Italy, had previously been sighted in Maltese waters. Earlier on Monday…
Italy's Coastguard Works to Rescue 1,200 Migrants Drifting at Sea
The Italian coastguard is carrying out operations to rescue two boats carrying a total of 1,200 people, it said on Monday, after a surge in the number of migrants crossing the Mediterranean from North Africa over the weekend.One of the boats, which is carrying 400 people and is in the Ionian Sea off the coast of Calabria, southern Italy, had previously been sighted in Maltese waters.Earlier on Monday, German NGO Sea-Watch International, which had located the fishing boat with one of its planes,
Rare Shipments of North Sea Forties Crude Head to East Coast Refiners
U.S. and Canadian refiners have turned to North Sea "Forties" crude oil for the first time in seven years in the latest sign of changing global oil flows from Russia's invasion of Ukraine.
Western Restrictions on Russian Oil Reshuffle Global Shipping Patterns
Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns.As a result of the European Union ban on Russian fuel that started on Feb. 5, tankers carrying clean oil products such as gasoline, diesel, jet fuel and naphtha are traveling between 16 and 18 days to bring Russian supplies to Brazil or U.S.
Helsinki Shipyard Delivers Third Expedition Cruise Ship to Swan Hellenic
Swan Hellenic has taken delivery of SH Diana, its third expedition cruse ship built by Helsinki Shipyard.The 125-meter-long, 12,100 GRT newbuild is the largest ship in the Swan Hellenic fleet. Accommodating 192 passengers, SH Diana is slightly larger than 152-passenger SH Minerva and SH Vega launched from Helsink Shipyard in in December 2021 and July 2022 respectively.The Finnish shipbuilder in December sold the ship to Swan Hellenic at auction after the original buyer…
Russia Using Ship-to-ship Diesel Transfers for Transatlantic Exports
Russia has started to make ship-to-ship (STS) transfers of diesel near African ports as it seeks transatlantic sales, according to traders and Refinitiv Eikon data.A…
Scana's Seasystems to Deliver Mooring Equipment for Offshore Project in West Africa
Norwegian company Scana said Monday that its subsidiary Seasystems had signed a sizeable contract for the delivery of an anchoring system to an FSO project offshore West Africa."This is a sizeable contract for Scana, valued close to NOK 50 million [currently around $4,8 million]," Scana said.Under the contract, with an unnamed client, Seasystems will deliver mooring equipment such as dual-axis chain stoppers and chain handling systems.
Asso.subsea Partners with GAP Consortium for crucial Greece-Egypt Interconnection
The GAP Consortium and Asso.subsea have signed a Memorandum of Understanding (MoU) for cooperation on the two-gigawatt (2 GW) electrical interconnection between Greece and Egypt (Greece-Africa Power Interconnector – GAP).The GAP, founded by the Eunice Energy Group, is a transnational consortium between Greece and Egypt that aims to contribute to regional energy security and stability by facilitating intercontinental clean energy transfer.
At Least 29 Migrants Die When Two Boats Sink off Tunisia
At least 29 migrants from sub-Saharan Africa died when their two boats sank off the coast of Tunisia as they tried to cross the Mediterranean to Italy, the Tunisian coast guard said on Sunday. Separately, in the last four days, five migrant boats have sunk off the coast of the southern city of Sfax, leaving 67 missing and nine dead, after a significant increase in boats heading towards Italy.Tunisia…
ADNOC Eyes June Listing of Marine & Logistics Unit
State oil giant Abu Dhabi National Oil Co (ADNOC) plans to float its marine and logistics subsidiary in the coming months, two sources said, the second initial public offering of one of its businesses this year.ADNOC, which raised $2.5 billion from listing its gas business in March, is gearing up for a June listing of ADNOC Logistics & Services (ADNOC L&S), said the sources, declining to be named as…
Ministers Seek to Combat Organized Crime in Global Fisheries
Organized crime in the fisheries industry that endangers stocks, exploits labor and robs states of billions of dollars must be fought with cross-border surveillance and stronger law enforcement, officials meeting in Copenhagen heard on Thursday.Some 600 million people worldwide depend on the sector for their livelihoods, working in a value chain affected by illegal fishing, slave labour, corruption and tax evasion…
Russia Says It Held Naval Drills with China and Iran
Russia, China and Iran have completed three-way naval exercises in the Arabian Sea that included artillery fire at targets on the sea and in the air, the Russian defence ministry said on Saturday.The exercises, off the Iranian port of Chabahar, took place as Russian President Vladimir Putin prepares to host his Chinese counterpart Xi Jinping in Moscow for a three-day state visit starting on Monday.Russia has continued to stage military exercises with partners, especially China, despite the strai
Inmarsat Expects Asia Pacific Coverage to Double
Inmarsat’s I-6 F1 satellite has connected to new ground stations in Perth and Merredin, Western Australia, as it aims to provide an upgrade in communications availability for the region.I-6 F1 launched in December 2021 and spent seven months travelling to geostationary orbit above the Atlantic. The spacecraft is now at its final orbital slot above the Indian Ocean, and the company will begin increasing its capacity and transition services to the new satellite throughout 2023…
Golar LNG Buys NFE's Stake in FLNG Hilli
Golar LNG has acquired New Fortress Energy's (NFE) stake in FLNG Hilli - also known as Hilli Episeyo. "In return for NFE’s 50% Common Unit holding in Golar Hilli LLC, Golar has transferred its remaining 4.1 million NFE shares to NFE, paid NFE $100 million in cash, and assumed approximately $323 million of FLNG Hilli debt," Golar LNG said. FLNG Hilli (Hilli Episeyo) is currently located offshore Kribi, Cameroon.
TFG Marine Targets 20% Bunker Sales Rise through Expansion
TFG Marine, majority owned by commodities trader Trafigura, aims to increase its marine fuel sales volume by up to 20% this year through expansion in Africa, the UK and the Mediterranean, a senior company executive said.The fuel supplier is looking to expand its volumes to 11-12 million tonnes, up from about 10 million tonnes in 2022, its head of bunkering Kenneth Dam told Reuters on the sidelines…
Report: Russia Exporting Diesel to Saudi Arabia via Ship-to-ship Loadings
Russia is ramping up its diesel supplies to Saudi Arabia using ship-to-ship (STS) loadings in addition to direct supplies, market sources said, and Refinitiv data…
Russia Begins Diesel Exports to Saudi Arabia
Russia began diesel exports to Saudi Arabia in February as it seeks to contend with an EU embargo on Russian supplies, traders said and Refinitiv data shows.A full EU embargo on Russian oil products started on Feb.