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Posted: Nov 30, 2023

Local Nigerian company to gain oil and gas assets

Equinor sells its Nigerian business

NIGERIA: Equinor and Chappal Energies have entered into an agreement for the sale of Equinor Nigeria Energy Company (ENEC), which holds a 53.85% ownership in oil and gas lease OML 128, including the unitised 20.21% stake in the country’s largest deep-water field, Agbami, operated by Chevron.

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Posted: Nov 30, 2023

Assessing the impact of steel mill closure

ArcelorMittal’s Newcastle mill closure

SOUTH AFRICA: The imminent closure of the ArcelorMittal Newcastle ‘long’ steel products operation in Newcastle, KwaZulu-Natal, is likely to cause considerable turbulence within the local steel sector, with potential projected ‘knock-on’ effects including product shortages, quality issues and even price increases, according to Southern African Institute of Steel Construction (SAISC) Chief Executive Officer, Amanuel Gebremeskel.

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Posted: Nov 28, 2023

South Africa advances its campaign for election to the IMO Council

IMO Assembly underway in London

LONDON: Speaking at the late session on day two of the 33rd Regular Session of the International Maritime Organisation Assembly currently being held in London, High Commissioner of South Africa In London, Jeremiah Nyamane Mamabolo, delivered the country’s general statement in which he highlighted South Africa’s active participation as an IMO Member State.

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Posted: Nov 28, 2023

Africa’s IMO IOUs could impact Council elections

IMO Member States currently meeting in London

Just over 43% of the International Maritime Organisation’s monies owed by Member States emanates from African countries including nine of which have arrears dating back to previous years that will impact on their eligibility to vote in the upcoming election.  

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Posted: Nov 27, 2023

Impact of government decision felt in Algoa Bay

Economic loss will burden region

With 35 client ships headed for Algoa Bay for a planned bunker stem in the middle of September that had additional requirements for fresh provisions, crew changes, essential spare parts and many other normal ship servicing activities – Offshore Maritime Services (OMS) as well as many other companies were blindsided by the sudden and immediate termination of the offshore bunker operations in the Bay. Founder and General Manager of OMS, Godfrey Needham reflects on the impact of this decision and how it has prompted the closure of their Port Elizabeth branch.

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Posted: Nov 24, 2023

Session aims to establish model for measuring the ocean economy

An effort to define the oceans economy

SOUTH AFRICA: The South African International Maritime Institute (SAIMI) has embarked on the process to accurately define the country’s ocean economy with the view to being able to accurately quantify its contribution to the nation's overall economic development.

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Posted: Nov 24, 2023

Most deadly year for Africa’s ocean migrants

Ocean migration continues to claim the lives of Africans fleeing the continent

Africa’s ocean migration route continues to result in the loss of death of people at sea and, according to a new report published by Médecins Sans Frontières (MSF), 2023 has 2023 has already earned the unenviable record of being the deadliest year on this migration route since 2017.

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Posted: Nov 22, 2023

Contractor announced for milestone port project

Port of East London infrastructure project signed

SOUTH AFRICA: Stefanutti Stocks was identified as the successful bidder of the request for proposals issued by Transnet National Ports Authority (TNPA) in July this year to undertake the deepening and strengthening of N Berth in the Port of East London.

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