Monjasa Expands to Angola
Danish bunker company Monjasa announced the opening of its first office in Luanda, Angola, to support the West Africa oil and shipping activities.Monjasa started supplying bunkers across West Africa in 2009 and since then, it has delivered a total of 10.6 million tonnes of fuel products across the region from the Gulf of Guinea to Namibia."Monjasa is currently enabling the IMO 2020 transition by making new low-sulfur marine fuel available across the region. Today, Monjasa is the leading supplier in West Africa measured on volume and a fleet of 10 tankers deployed in the region…
Maersk Tests Containerized Battery System
Danish shipping giant Maersk will install a containerized 600 kWh marine battery system on board the 4,500 TEU Maersk Cape Town in December 2019 to improve vessel performance and reliability while reducing CO2 emissions.“This trial will provide a greater understanding of energy storage that will support Maersk in moving towards further electrification of its fleet and port terminals. Maersk will continue to facilitate, test, and develop low-carbon solutions on our journey to become carbon neutral by 2050…
Pirates Kidnap Crew of MV Bonita
Pirates have kidnapped nine crew members from a Norwegian shipping vessel named the MV Bonita off the coast of Benin in West Africa.MV Bonita was anchored and awaiting berth at the Cotonou port to discharge a shipment of gypsum when the pirates boarded, the shipping firm J.J. Ugland said in a statement Sunday.The Norwegian Shipowners’ Association said that it is in close contact with Ugland Shipping with a common and clear goal to bring the 9 sailors back to safety. The vessel and remaining crew are safely anchored in Cotonou and investigations are carried out.
Pirates Kidnap Four from Greek Tanker
Pirates attacked a Greek oil tanker off the coast of Togo in the early hours of Monday and fled after taking four crew members as hostages, the West African nation's navy said, two days after a similar attack in the waters of neighbouring Benin.Of the missing crew members, two are Filipinos, one is Greek and one is Georgian, the navy said in a statement. One security guard was also shot and wounded in the attack, it said."Monday, 4th of November 2019, around 0300, the tanker boat Elka Aristotle was attacked around 18 kilometers (11 miles) from the port of Lome by armed individuals…
INSIGHTS: Loy Stewart, Jr.
Loy Stewart, Jr. is President, Detyens Shipyards. He is a 1991 graduate of the US Merchant Marine Academy in Kings Point where he earned a degree in Marine Engineering. After several months sailing on the Sealift Atlantic, Loy began working at Detyens as a Ship Superintendent and coordinated work on numerous commercial and navy contracts. In 1996, when the Detyens Shipyards were divided into separate profit centers, Loy Jr. was promoted to Profit Center Manager of the Wando facility. In 2002 he was made PCM of the Main Yard in North Charleston and promoted to Executive Vice President in 2003.
West Africa Crude-Freight Rates Ease
Freight rates to Europe and Asia have continued to ease, albeit at a less rapid rate than during the middle of the month, boosting price offerings for West African grades, traders said on Monday. Rates for VLCCs from Nigeria's Bonny Light terminal to Singapore settled at $3.25 a barrel on Friday from highs just below $10 two weeks earlier, according to Refinitiv data, while for Rotterdam they eased to $2.72 from a high above $5.Rates for key Angolan grade Girassol aboard a VLCC bound for China plunged to $3.84 a barrel from highs of $11.39.
COATINGS: Chasing Better Prospects
As the offshore industry recovers, choosing the right hull coating for those newly activated assets will be equally important.The global offshore support vessel (OSV) market is still recovering from a protracted slump, but thankfully momentum is now returning with predictions for significant activity for OSV’s ahead. As summarized in a report by market analysts Grand View Research, projections are for the OSV market to exceed USD 71 billion by 2022 on the back of a significant increase in projects reaching final investment decision (FID) status, and a rising demand for oil and gas worldwide.
W. Africa Crude-Freight costs ease, especially for VLCCs
Freight rates eased further on Friday, especially for the largest oil tankers, promising some recovery for West African oil prices which had touched multi-year lows. VLCC freight costs eased more rapidly than smaller Suezmaxes, making it less advantageous to ship on the latter. Prices for Suezmaxes were estimated around world scale 190-200, with one European buyer estimating further relief to around 150 by the end of next week.Nigeria's NNPC cut its November official selling price for Bonny Light crude to dated Brent plus 58 cents per barrel and for Qua Iboe to plus 63 cents per barrel…
ITF Expands into Asia Pacific
The International Transport Workers' Federation (ITF) has established its latest Contacts Network, covering Bangladesh, Cambodia, Malaysia, Myanmar, Pakistan, Papua New Guinea, the Solomon Islands and Thailand.ITF has seen a significant increase in seafarers requesting assistance from countries without an inspector or contact, in recent years.Attempting to resolve these requests is often challenging due to several factors, including the local political context and the effectiveness…
U.S. Shipping Sanctions Give Boost to EU Refiners
U.S. sanctions imposed last month on subsidiaries of vast Chinese shipping fleet Cosco have given an unexpected boost to European refiners as less crude oil from the North Sea and West Africa heads east, traders and analysts said.Freight rates have soared as oil producers scramble for non-blacklisted vessels, discouraging longer-distance voyages.Complex refining margins for advanced facilities capable of extracting even more valuable products like diesel and gasoline, have been especially strong in Europe, industry sources said.The U.S.
Fighting Maritime Crimes in Gulf of Guinea
Ensuring that trade and travel by sea are as secure as possible is a key element of IMO's work and mandate.International Maritime Organization (IMO) took part in the Global Maritime Security Conference held in Nigeria (7-9 October) to look at maritime security challenges in the Gulf of Guinea as well as potential solutions to address maritime threats in the region.IMO's Assistant Secretary-General Lawrence Barchue, speaking on behalf of IMO Secretary-General Kitack Lim, highlighted…
U.S. Sanctions Deal Blow to LSFO for 'IMO 2020'
Highly sought after types of oil best suited to making cleaner shipping fuel are suddenly finding they are a tougher sell for thirsty East Asian markets, traders say, in an unintended consequence of U.S. sanctions on a Chinese shipping fleet.With just over two months until environmental rules are set to mandate the biggest changes to ship power in over a century, certain rare types of West African oil have soared in value but have had to be marked down due to the higher costs of transport.The United States imposed sanctions on units of China's COSCO on Sept.
CMA CGM Set to Launch Guinea Gulf Express
French container transportation and shipping company CMA CGM plans to introduce its new product GUINEA GULF EXPRESS (GGX) service in complement of the current 6 weekly services as part of improving its offer on the trade Europe and Mediterranean to West Africa strategic markets.The new Guinea Gulf Express is the second service from Gibraltar hubs linking European, Med and North America to Tema, Ghana, Nigeria Lagos port and Conakry, Guinea.It will provide perfect answers to Customers’ needs with transit times amongst the best on the market…
Saudi Attacks, High Demand Leaves U.S. Short on Oil Tankers
A disruption in global oil flows following attacks on Saudi Arabian facilities has left U.S. crude exporters without enough tankers to cover rising demand for cargoes, traders and shipping sources said.Missile attacks last Saturday temporarily cut Saudi oil production by more than 5 million barrels per day, or about half the country's output.That set off a scramble for alternative cargoes of crude, particularly in the United States, which lined up available tankers sailing from the Mediterranean, West Africa and continental Europe to pick up cargoes.
ION Wins 2D Multi-Client Gig Offshore West Africa
ION Geophysical Corporation, a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry, announced a new 2D multi-client program offshore West Africa.The industry-supported NamibeSPAN program covers the under-explored Namibe basin offshore southern Angola. The dataset integrates ION BasinSPAN programs in the area, forming a contiguous regional exploration framework in excess of 65,000 km along the West African coast. The program is the conjugate tie with offshore Brazil.
Monjasa Acquires 5 Tankers for 2020 Supply
Global bunker company Monjasa Group has acquired full ownership of five tankers ahead of IMO2020."Monjasa secures five tankers with a total 37,500 deadweight and thereby extends ownership of the supply chain across core markets in the Arabian Gulf, West Africa and the Panama Canal at a critical point of time in bunkering and shipping," said a press release from the global partner in the oil and shipping industries.Shipowners around the world are tightening marine fuel supplies…
BP Orders BOS 2600 Offshore Crane
Ship cranes manufacturer Liebherr-MCCtec Rostock GmbH together with China's Yantai CIMC Raffles Shipyard signed a contract concerning the delivery of a board offshore crane, type BOS 2600.The German maritime cranes maker said BP will use the crane for supply and maintenance tasks on a jack-up accommodation platform off the coast of West Africa.The BOS 2600 is a compact and function-orientated crane design within the well-known Liebherr Offshore crane series and therefore the ideal solutions for platforms where space on deck is limited.“Because of the particular requirements of this project…
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…
W African Firm Builds LNG Import Capacity
Equatorial Guinea is set to construct the first liquefied natural gas (LNG) storage and regasification plant in West Africa, advancing efforts to monetize gas resources through the creation of a domestic gas-to-power infrastructure.Located at the Port of Akonikien, the landmark regasification plant will enable the storage, transportation and distribution of liquefied natural gas (LNG) to the country’s mainland; 12 bullet tanks will carry 14,000 cubic meters of storage capacity…
Seamen Kidnapped off Cameroon's Coast
A number of seamen have been kidnapped after an attack on their vessel off the coast of Cameroon in West Africa's piracy-plagued Gulf of Guinea, a source in the Cameroonian army and a source at the major port of Douala said on Friday.In July, the International Maritime Bureau described the Gulf of Guinea as the most dangerous area in the world for piracy with 73% of all sea kidnappings and 92% of hostage-takings taking place there.The army source declined to give details on the number and nationality of the hostages or the name of their ship."I'm waiting until I know for sure," he said.
SeaBird Faces Delays in Seismic Surveys
SeaBird Exploration, a global provider of marine 2D and 3D seismic data and associated products and services to the oil and gas industry, has estimated that its ongoing seismic surveys in West Africa and Americas will both be completed about two months later than originally planned.The the ongoing niche 3D survey in West Africa utilizing the “Nordic Explorer” and a 2D survey in the Americas employing the “Harrier Explorer” are rigged with the ”Digistreamer” technology and both…
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.