Equinor Energy has exercised a six-month option connected to a framework agreement awarded in 2018 for DOF’s anchor handling vessel Skandi Vega. The vessel will be utilised firm from mid-November 2019 until mid-May 2020 upon commencement of the extension. Skandi Vega has been on charter with Equinor since 2009.
August has seen the Swire Group, one of the oldest British owned shipping companies, in the spotlight for all the wrong reasons. Swire Pacific’s affiliate Cathay Pacific Airways has found itself caught between thousands of protestors seeking to close Hong Kong airport, demanding that the government change its policies, and the Chinese authorities, demanding that the company fire any of its employees who supported the demonstrations.
Nobody likes to receive unexpected bills. Imagine the shock of Bourbon Corporation’s CEO, Chairman, Founder, and de facto controlling shareholder, Jacques de Chateauvieux, when he opened his mail last month and received a pile of letters of demand from the Chinese finance company ICBC Leasing. Mr de Chateauvieux was on the record that his company had been engaged in “amicable negotiations” to reschedule his company’s debts to ICBC in light of the offshore industry crisis. Now the pile of payment claims on his desk showed that the situation was clearly no longer “amicable.”
The FERRYSAFE project team formed by global trade association Interferry to study pronounced safety advances in Philippines ferry operations has completed the second of two visits to the country and is now developing best practice guidance to assist the International Maritime Organization (IMO) and other developing nations.
After years of negotiations, China and ASEAN have agreed on a single negotiating text for a code of conduct in the South China Sea and a path for future rounds of negotiations. While those are definitely achievements worth commending, the impression of peace generated by recent developments says a lot about China’s changing strategy in the South China Sea.
A memorandum of understanding (MoU) has been signed between China Harbour Engineering Company (CHEC) and Edo State to develop the Gelegele Seaport and other transport infrastructure in Benin.
Last month I wrote of the unfolding warfare at the French port of Calais following the withdrawal by Eurotunnel of MyFerryLink services and the subsequent sale of that business to rivals DFDS. As predicted, that summer of chaos has continued to bring misery on both sides of the Dover Strait.