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Posted: Dec 2, 2023

Four African members elected to IMO Council

IMO Council 2024-2025 biennium

Yesterday’s election yielded the anticipated results in Category A and B of the International Maritime Organisation’s Council, while a hotly contested Category C left one of the African candidates disappointed with the results.

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Posted: Dec 1, 2023

Angola rejects OPEC production quota

Focusing on production for economic growth

ANGOLA: Diamantino Pedro Azevedo, Angola’s Minister of Energy and Mineral Resources, confirmed the nation’s decision to reject the proposed production quota of the Organisation of the Petroleum Exporting Countries (OPEC) for 2024.

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Posted: Dec 1, 2023

Gulf of Aden piracy incident averted

Naval efforts thwart attack on oil tanker

GULF OF ADEN: A skiff and its crew were taken into custody following a united response to reports of a seizure of an oil tanker in international waters this week.

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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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