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Oversupply predicted to crash oil price Oversupply predicted to crash oil price

Oversupply predicted to crash oil price

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

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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 Less on offer at annual boat show

Less on offer at annual boat show

Decrease in exhibitors at boatica

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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.

Tackling fisheries governance in the Gulf of Guinea Tackling fisheries governance in the Gulf of Guinea

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...
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African navies commit to establishing a combined EEZ African navies commit to establishing a combined EEZ

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...
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Port efficiencies go pear shaped Port efficiencies go pear shaped

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...
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Boatbuilding a major economic contributor Boatbuilding a major economic contributor

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...
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Sailing trip planned to celebrate Capeverdian milestones Sailing trip planned to celebrate Capeverdian milestones

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

Tanker added to South African registry 0 Shipping
MRA Online

Tanker added to South African registry

SOUTH AFRICA: The 100.7m tanker, Uhambo, was officially welcomed as African Marine Solutions’ (AMSOL) 14th vessel to join the South African ships registry this week at a ceremony held in the Port of Durban on Monday.

OPEN LETTER: Dear Captain Rufus Lekala 0 Insights & Opinion
MRA Online

OPEN LETTER: Dear Captain Rufus Lekala

Dear Captain Lekala I think I can speak on behalf of many in the South African maritime industry when I say we are looking forward to seeing a permanent CEO take up position at the South African Maritime Safety Authority (SAMSA). When the...
Regulator addresses port issues 0 Shipping
MRA Online

Regulator addresses port issues

SOUTH AFRICA: Announcing their record of decision on Friday, the Ports Regulator of South Africa (PRSA)highlighted several pressing concerns within the port system including irregular expenditure, poor performance levels, the slow progress of...

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PEOPLE & EVENTS

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6 Feb 2025 MARITIME ENERGY TRANSITION SUMMIT 2/6/2025 2:00 PM - 4:30 PM

Join DNV's virtual event for an in-depth look at the latest developments related to alternative fuels and energy efficiency measures in today’s maritime industry.

25 Mar 2025 CONGO ENERGY AND INVESTMENT FORUM 3/25/2025 8:00 AM - 3/26/2025 5:00 PM

Serving as the inaugural edition, the forum underscores the Republic of Congo's growing role in Africa's energy landscape. Under the leadership of Minister of Hydrocarbons Bruno Jean-Richard Itoua, the country has affirmed its commitment to maximizing its energy potential and streamlining licensing and regulatory processes, leading to a series of recent acquisitions and project developments. As sub-Saharan Africa’s fourth-largest oil producer – with a daily output of 280,000 barrels expected by the end of 2024 – the Congo has attracted a new wave of independent explorers and investments across its energy value chain, rivaling neighboring oil giants like Angola and Nigeria. 

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