Nigeria Convicts First Pirates Under New Maritime Law

A Nigerian court made the first convictions under a new anti-piracy law, giving hope to the world's shipping fleets that legal reforms will help stem rising attacks in the Gulf of Guinea.The three men fined by the court in Port Harcourt, Nigeria's oil hub, on Tuesday were among nine accused of hijacking the tanker MV Elobey VI off Equatorial Guinea in March and securing a $200…

Nigeria court fines pirates for seizing ship in Gulf of Guinea

A court in Nigeria has fined three men $52,000 (£40,000) each for hijacking a ship in March and securing a ransom of $200,000 for the release of its crew.These are the first convictions in the West African state since a new anti-law piracy came into force last year.Nigeria has been under pressure from the shipping industry…

Offshore Patrol Vessels Market 2020 by Type (Basic Patrol Vessel, Warfighting Patrol Vessel), Market

Global Offshore Patrol Vessels Market size is set to achieve a progressive CAGR from 2020 to 2024, split by product, application, technology, region, and end-use. It provides key analysis on the market status of the Offshore Patrol Vessels manufacturers with best facts and figures, meaning, definition, SWOT analysis, expert opinions and the latest developments across the globe.

Understanding the economics of SAA to vessel owners, FG

In recent times, one issue that has dominated the centre stage of the Nigerian maritime industry is that of the Secure Anchorage Area (SAA) in Lagos Port operated by an indigenous firm, Ocean Marine Solution Limited (OMSL).The seaming controversy surrounding the operation of the scheme, which was initiated to salvage the…
A group of suspected pirates are apprehended by EUNAVFOR elements in the Gulf of Guinea

Corruption and Poverty Made West Africa Hot Spot for Piracy

It was 7:40 a.m. when the chief officer of the MV Duke called Captain Ripusad Prasad in his quarters to say that a boat was following them.An undated photo of West African pirates. (Credit: U.S. Naval Institute CC BY-NC-ND 4.0)That Sunday, December 15, 2019, the MV Duke was traversing the Gulf of Guinea on its way from Luanda, Angola to Lomé, Togo, where it was to anchor in the afternoon.

Budget Battles Bumping Backlogs?

Patrol And Combat Builders Fret About Budget Cuts But See Bright Spots. So far; so good.U.S. companies building patrol and combat craft aren’t happy about federal, state and city budget cuts but say they do see positive, demand-side factors. Much of their overseas business depends on the U.S. Foreign Military Sales program.

Is Washington Running Out of Patience Over Turkeys Expansionism?

Maritime and naval component is an important part of political, economic and military domain of a maritime nation. This component enhances a states role in foreign policy, diplomacy, economy and especially in military domain to further its national interests. Pakistan and India apart from being a hostile neighbors with over 3…

Mining for Rare Earth Metals in IOR could be challenging for India, says expert

The recent stand-off with China has impacted the critical Indian industrial supplies which were dependent on that country for raw material and components. Best possible alternative would have been to rapidly boost domestic mineral exploration and mining. While the explorers wait for relevant reforms to the mining policy…

Nigeria: Amaechi's Outburst Over OMSL, SAA Operations

The minister of Transportation, Rotimi Amaechi, has come under serious criticisms in recent times due to his charge to members of the National Assembly not to probe the propitiousness or otherwise of the $500 million from China to construct the Lagos-Ibadan railway.The minister, who was visibly angry while appearing before…

FPSO Workers Released After Kidnapping

Offshore workers kidnapped from an FPSO offshore Nigeria in an armed pirate attack in July, have been released, the owner of the floating production unit said Friday.In an incident that occurred on July 2, nine Nigerian crew members aboard the BW Offshore-owned Sendje Berge FPSO were kidnapped.BW Offshore said Friday the…

Global Ship Lease Reports Results for the Second Quarter of 2020 | 2020-08-06 | Press Releases

LONDON, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company” or “Global Ship Lease”), a containership charter owner, announced today its unaudited results for the three and six month periods ended June 30, 2020. Second Quarter and Year To Date Highlights…

analysis examined in new market research report – Bulletin Line

“Patrol Boats Market Industry Analysis 2020The Patrol Boats Market report enlightens its readers about its products, applications, and specifications. The research enlists key companies operating in the market and also highlights the roadmap adopted by the companies to consolidate their position in the market. By extensive usage of SWOT analysis and Porters five force analysis tools…

GasLog Ltd. Reports Financial Results for the Three-Month Period Ended June 30, 2020 | 2020-08-05 |

Piraeus, Greece, Aug. 05, 2020 (GLOBE NEWSWIRE) -- GasLog Ltd. and its subsidiaries (“GasLog”, “Group” or “Company”) (NYSE: GLOG), an international owner, operator and manager of liquefied natural gas (“LNG”) carriers, today reported its financial results for the quarter ended June 30, 2020.

Nigeria: Tackling Resurgence of Militancy, Sea Robbery

Chiemelie Ezeobi writes that the recently flagged off Exercise Calm Waters 11 has recorded some gains in tackling the resurgence of militancy and sea robbery off Nigerian waters, up to the Exclusive Economic ZoneViolent attacks against ships and their crews have risen in 2020, with global figure of 77 seafarers taken hostage or kidnapped for ransom since January.

General cargo ship Osa contacted with berth at port of Kaliningrad

The general cargo ship Osa contacted with berth at port of Kaliningrad in Russia. The vessel was maneuvering to berth in the port with pilot on board, but slightly contacted with her fore part with the gangway on piers located near waterway, due to fault of pilot’s orders. There were no injured people and no reported damages or breaches of the cargo vessel during the accident…

Gray Zone Conflicts in Asia Pacific

Whoever controls the Indian Ocean, dominates the Asia-Alfred Thayer MahanIndian Ocean is the third largest ocean of the world. It is considered as hub of globalization as it provides connectivity between east and west. Two-Third of the world trade occurred through this ocean so it is having a tremendous strategic location which is significant for emerging power.

Pre-Shipment Inspection Market Emerging Trends may Make Driving Growth Volatile | SGS, Bureau Verit

AMA Research added a comprehensive research document of 200+ pages on ‘Pre-Shipment Inspection’ market with detailed insights on growth factors and strategies. The study segments key regions that includes North America, Europe, Asia-Pacific with country level break-up and provide volume* and value related cross segmented information by each country.