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Oversupply predicted to crash oil price

Global commodity prices set to fall through 2026 amid historic oil glut

Tuesday, October 29, 2024 0 1552

Global commodity prices are set to tumble to a five-year low in 2025 amid an oil glut that is so large that it is likely to limit the price effects even of a wider conflict in the Middle East, according to the World Bank’s latest Commodity Markets Outlook. Even so, overall commodity prices will remain 30% higher than they were in the five years before the COVID-19 pandemic.

Less on offer at annual boat show

Decrease in exhibitors at boatica

Monday, October 28, 2024 0 1902

SOUTH AFRICA: The annual event aimed at showcasing South Africa’s boatbuilding prowess closed yesterday after a full programme of events that sought to attract local marine enthusiasts and promote increased interaction with ocean activities.

Stronger maritime industry drives resilient, sustainable trade

The latest Review of Maritime Transport released last week highlights several bright spots across Africa’s shipping sector with...

Tackling fisheries governance in the Gulf of Guinea

REPUBLIC OF CONGO: Illegal fishing, inadequate management frameworks, and a lack of cooperation among national agencies continue to thwart...

African navies commit to establishing a combined EEZ

Meeting at a symposium in Cape Town this month, African navies have established a technical working group to investigate the conceptualisation of...

Port efficiencies go pear shaped

SOUTH AFRICA: Turnaround strategies at the Port of Cape Town are not moving fast enough for the agricultural sector in the Western Cape as the...

Boatbuilding a major economic contributor

SOUTH AFRICA: The South African boatbuilding industry has recorded a remarkable 22.3% increase per annum over the past five years and contributed...

Sailing trip planned to celebrate Capeverdian milestones

A 10-day sailing trip on the 60m Tall Ship, Eendracht around Cape Verdean islands is planned for 2025 to celebrate the country’s 50 years of...

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EDITOR'S PICKS

MRA Online Thursday, March 12, 2026

IMO calls emergency council session over Strait of Hormuz shipping crisis

The International Maritime Organisation (IMO) will hold an emergency Council session next week to address the growing threat to vessels and seafarers in one of the world's most critical maritime chokepoints.

MRA Online Friday, March 6, 2026

SAMSA commits to address service delivery issues

SOUTH AFRICA: The South African Maritime Safety Authority (SAMSA) is facing the industry in a series of engagements where stakeholders are being encouraged to express their concerns and table the immediate challenges. Based on input at the...

MRA Online Wednesday, March 4, 2026

A doctor on deck

SOUTH AFRICA: A team of young South African doctors is harnessing rapid advances in communications technology to deliver professional medical care to fishing crews at sea, while helping vessel operators avoid operational downtime and costly...

MRA Online Thursday, February 26, 2026

Calling for more involvement from developing countries

Tanzania has called on the International Maritime Organisation (IMO) to strengthen technical cooperation and capacity-building to help developing countries participate more effectively in the review and validation of IMO model courses, arguing...

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RSS Upcoming Events

16 Mar 2026 SOUTHERN AFRICAN OIL & GAS CONFERENCE 2026 3/16/2026 - 3/17/2026

The 5th Annual Southern Africa Oil and Gas Conference is a partnership between the Petroleum Agency SA (PASA) , the Department of Mineral and Petroleum Resources (DMPR) and the South African Oil & Gas Alliance (SAOGA) under the theme: "Oil and Gas without Borders: Unlocking Southern Africa's Shared Future".