Construction was recently completed on a new Ro-Pax ferry ordered by Algerian state-owned shipping company Entreprise Nationale de Transport Maritime de Voyageurs (ENTMV) ..
Algeria
Chinese firms sign up for Algerian iron ore project
China continues to diversify its raw materials needs away from traditional supplier Australia with news of a big iron ore tie-up in North Africa, something that were it to materialise would be a huge boost for dry bulk tonne-miles. A consortium composed of Metallurgacal Corporation of China, China...
https://splash247.com/chinese-firms-sign-up-for-algerian-iron-ore-project/
COLUMN | Do it yourself, Gulf style: Middle Eastern states invest in offshore oilfield services companies [Offshore Accounts]
In Saudi Arabia, Qatar and the UAE, public investment by petro-states is increasingly focused on squeezing out private sector businesses in oilfield services, especially ..
Electric failure sparks ship mayhem at Algerian port
The 13-year-old, 1,100 teu suffered an electrical failure while unmooring at the Algerian port of Béjaïa, the ship rearing out of control and going on to create mayhem. The vessel struck the 1,129 teu Atlantic North which was offloading boxes. A mobile crane belonging to the port overturned with...
https://splash247.com/electric-failure-sparks-ship-mayhem-at-algerian-port/
Is Algeria Posing A Competition For Singapore Amidst Rise in LSSR Prices?
- Algeria’s LSFO finds increased demand as part of the 0.5% marine fuel blending pool.
- Crude factors have gone from $7.40/b premium on January 2 and a discount of $1.40/b on January 22, 2019.
- Approximately 400,000 mt/month of LSSR is exported from the 335,000 b/d refinery complex at Skikda, Algeria.
According to an article published in Platts, Algerian low sulfur straight-run fuel oil has found increased demand as part of the 0.5% marine fuel blending pool.
A suitable fuel for blendingThe product...
http://mfame.guru/is-algeria-posing-a-competition-for-singapore-amidst-rise-in-lssr-prices/
CMA CGM, Port Congestion Surcharge in Algeria
CMA CGM says that the port congestion in Bejaia (Algeria) is currently generating service disruptions and increasing its operational costs.
CMA CGM will therefore implement the following Port Congestion Surcharge:
- Bejaia Import
- USD 200 / EUR 175 per TEU
- Effective August 1st, 2019 (B/L date), except...
https://container-news.com/cma-cgm-port-congestion-surcharge-algeria/
CMA CGM launches Adriatic Sea-Algeria direct service ADRINAF
With this weekly service, the Group is offering the first direct connection between the Adriatic Sea and Algeria. It thus opens up new development opportunities for its customers located in Central and Eastern Europe thanks to rail and road intermodal solutions, mainly via Koper.
The post CMA CGM...
https://theloadstar.com/cma-cgm-launches-adriatic-sea-algeria-direct-service-adrinaf/
Panamaxes couldn’t save the BDI; BREXIT melodrama continues and Planet Ocean is on fire
John Faraclas
Panamaxes couldn’t save the BDI; BREXIT melodrama continues and Planet Ocean is on fire…
The BDI (Baltic Dry Index) lost three points earlier on today and now stands at 689. On a weekly basis same was down one point – from 690 on 22 March… Geopolitics turning sour for all and BREXIT’s melodrama continues. John Faraclas’ daily and weekly recap:
The Capes reached new lows with the BCI now standing at 150 – minus 17 points since yesterday and minus 101 since last week’s 251. Who knows...
BRI inspires Algeria to modernize logistics platforms
The China-proposed Belt and Road Initiative will prompt Algeria to increase and upgrade its transport logistics platforms to benefit from the expected growing traffic from global trade, said experts and authorities.
The initiative was in the center of discussions at the Third International Symposium on Trans Logistics, Transit and Storage of Goods opened Saturday in the Algerian capital city of Algiers.
Experts and authorities at the meeting agreed that the main challenges confronting Algeria...
http://container-news.com/bri-inspires-algeria-modernize-logistics-platforms/