SERVICES

Europe

European refiners see life after IMO 2020 / FOCUS

European refiners see life after IMO 2020 / FOCUS

London - As the 2020 deadline for the International Maritime Organisation’s (IMO)global sulphur cap on bunker fuels draws closer, Europe’s refiners are now starting to respond. Confirmed as 2020 in October last year, the IMO cap was seen by some as a bridge too far for Europe’s ailing refiners

British Airways resumes flights from London
Scorpio to snap up Navig8 product tanker fleet

Scorpio to snap up Navig8 product tanker fleet

Monaco - Scorpio Tankers (STI)is to merge with Navig8 Product Tankers to form one the world’s largest product tanker owning companies. As part of the deal, STI will acquire Navig8’s 27 operating product tankers. The merger is expected to close in the second or third quarter of 2017

Fleet grows slower, dry bulk market recovers

Fleet grows slower, dry bulk market recovers

Athens - When all has been said and done, the recovery of the dry bulk market is down to a number of factors, with the prevailing one being the significant reduction of the dry bulk fleet’s growth. Thankfully for ship owners, this seems to be evolving to a much more stable trend

Captain commits suicide during voyage

Captain commits suicide during voyage

Tilbury - A captain of a container ship has apparently committed suicide duringa voyage from New York, United States to Tilbury, the UK, according to Apostleship of the Sea (AoS). The 2,824 TEU “Santa Bettina” was one week into its voyage when the captain apparently took his own life on board

North Africa

Unrest over gas tests government in Tunisia

Unrest over gas tests government in Tunisia

Kamour - In Tatatouine province in Tunisia’s southern Sahara,around 1,000 protesters living in a makeshift campsite are threatening to blockade roads used by foreign companies to access nearby gas and oilfields. They want a larger slice of the gas proceeds to go towards the development of Tatatouine

Palm Sunday bombings of Egyptian Coptic churches kill 44
The African giant is in motion / ANALYSIS
281 ships transit the Suez Canal in 6 days carrying 15.8m tonnes
Egypt industry races to fill void as trade gap to narrow $11-12 bln in 2016

Middle East

Etihad Cargo help bring endangered rhinos

Etihad Cargo help bring endangered rhinos

Abu Dhabi - The critically endangered black rhino has returned to the wilds of Rwanda with the help of Etihad Cargo and animal transport specialist Intradco Global. On behalf of African Parks, Intradco chartered two Etihad Boeing 777 freighters to transport the 19 black rhinos from Johannesburg to the Rwandan capital

GE: $15 billion of business deals with Saudis

GE: $15 billion of business deals with Saudis

Ryadh - U.S. technology and engineering conglomerate GE said on Saturday it had signed $15 billion of business deals with Saudi Arabia as part of the kingdom’s drive to diversify its economy beyond oil. It came as dozens of senior U.S. business executives met Saudi counterparts at a conference

Hapag-UASC tie-up nears completion

Hapag-UASC tie-up nears completion

Doha - German shipping line Hapag Lloyd is close to completing a mergerwith United Arab Shipping Company (UASC) after UASC’s shareholders agreed terms to repay outstanding debts, sources familiar with the talks said

Proven track record at JSL Global in Qatar / GALLERY

Proven track record at JSL Global in Qatar / GALLERY

Doha - JSL Global completed the offloading,local transportation and handling of 40 modules arriving at Hamad Port from Croatia. Each module weighed 25mt with dimensions of 14.0 x 3.6 x 3.6m. When the vessel berthed at Hamad Port, JSL noticed that the cargo was very delicate and because of its hollow structure

GAS discharges 15 transformers in Djibouti

GAS discharges 15 transformers in Djibouti

Djibouti - Gulf Agency Services in Djibouti is 10 years old and the company is focusedon project cargo. The cargo arrived at the Port of Djibouti from Shanghai (China) aboard “BBC Kwiatkowski” for an Ethiopian Electric Power Project. Eight of the transformers weighed in at 110mtns each with seven at 53.8mtns

Black Sea

Swiss interest in hi-tech cooperation with Russia

Swiss interest in hi-tech cooperation with Russia

Moscow - Swiss business looks forward to cooperating with Russia in hi-tech industries such as pharmaceuticals, civil aviation and shipbuilding, Yves Morath, the head of Swiss Business Hub Russia, an official entity of the Embassy of Switzerland which promotes implementation of Swiss export strategies

Russia wants to split Sovcomflot sale

Russia wants to split Sovcomflot sale

Moscow - Russia plans to sell part of State shipping firm Sovcomflot next month, hoping to draw in a wide range of small-stake investors rather than a strategic buyer who could threaten Moscow’s control of the group, banking and industry sources say

ICS commits to CO2 reduction objectives

ICS commits to CO2 reduction objectives

Istanbul - At its AGM in Istanbul, the International Chamber of Shipping (ICS) has agreed to urge the International Maritime Organization (IMO) to adopt some dramatic CO2 reduction objectives - on behalf of the international shipping sector as a whole - in order to match the ambition of the Paris Agreement

The new Black Sea port / REPORTAGE

The new Black Sea port / REPORTAGE

IN 2016 container traffic in Black Sea, except Turkey, fell by 12,2 % year over year during the first nine months of the year to 1,72 million teus excluding transshipments.

Bulgarian shipping company Navibulgar to buy 4 ships for US$32m