The Danish shipping company sees opportunities in the tanker market amid a revival in crude tanker rates
The incident came two days after another merchant ship was reportedly approached by three small boats with four or five people on board near Bab al Mandab between Yemen and Horn of Africa.
Vessel designs are being finalised and the company is working on other project-related agreements, the company told Fairplay.
With Morocco’s long coasts on the Atlantic and Mediterranean and a strategic position on the Strait of Gibraltar, the country is implementing huge port construction and expansion projects to accommodate an anticipated surge in seaborne trade for itself and the rest of Africa.
The construction of a container and ro-ro port at Norvik, Sweden, on the Baltic Sea, signals new logistical options for the nation’s capital city region.
Fifth-generation shipowner Philippe Louis-Dreyfus believes that outside experience is essential for a leadership role in a family firm.
After sealing a deal with the de facto government of the territory to develop the port, DP World could provide the biggest-ever boost to the Somaliland economy.
With 2018 coming to a close, DPC looks at dredger conversions and refits carried out in the Netherlands over the course of this year.
Work on widening the shipping channels of the northern Australian port of Townsville can go ahead with the federal government paying for nearly 40% of the AUD193 million project.
Continuing question marks over Tanzania’s mega-port project have given local rivals the chance to join the race to dominate the container trade in east Africa.