DP World to buy logistics firm Topaz Energy and Marine

DP World has agreed to acquire a 100% interest in offshore logistics firm Topaz Energy and Marine for an enterprise value of $1.07bn.

The Dubai-based port operator bought its overall control in Topaz from Renaissance Services SAOG and Affirma Capital, a Standard Chartered Private Equity company.

Topaz manages a fleet of 117 vessels, its business primarily focusing on the Caspian Sea and Middle Eastern, North African and West African vicinities.

In addition, Topaz has business relationships with...


Tsuneishi Shipbuilding wins contract for TESS42 type carrier

Tsuneishi Shipbuilding has won a contract from an unidentified Japanese shipowner for 42,000t-log and bulk carriers TESS42 to improve its transportation capability.

Under the contract, the first carrier will be built at Tsuneishi Group (Zhoushan) Shipbuilding in China.

The TESS42 series ship has an additional 2,000t deadweight capacity at the same draft as the TESS38 design and nearly 4,000t at full load.

It is fitted with a cargo securing device for carrying logs on the deck that enables the ship...


ICS – Six Months’ Countdown to the Global Sulfur Cap

With six months to go until the implementation of the global sulfur cap the International Chamber of Shipping (ICS) has issued updated guidance to help shipowners comply with new IMO regulations. Taking full effect on January 1, 2020 the legal framework will require merchant ships worldwide to use fuel with a sulfur content of less than 0.50 percent or use alternative mitigation technologies. 

Guy Platten, Secretary General of ICS said: “These new regulations are good for human health and good...


Sète : dénonçant la déforestation, Greepeace bloque un navire chargé de soja brésilien

Science et Environnement
Vie Portuaire

Une action toujours en cours hier soir pour « dénoncer l’importation du soja qui déforeste pour alimenter l’élevage industriel européen ». Depuis vendredi, plusieurs dizaines d’activistes de Greepeace mène une opération coup de poing pour empêcher le déchargement dans le port de Sète de l’Ellirea, vraquier de 195 mètres en provenance du Brésil avec à son bord 50.000 tonnes de tourteaux de soja. « Le cargo bloqué par nos activistes a été chargé au...