The business climate for the global offshore marine market continues to remain challenging despite the recent moderate rise in oil prices, though activities are seen increasing in the West African market, according to EMAS Offshore.
The number of pirate attacks worldwide continued to fall in the first quarter of 2016 but the International Maritime Bureau (IMB) warns of increasing violence in West African incidents.
Gulf of Aden and Somali pirate attacks in the Indian Ocean evaporated in 2015, International Maritime Bureau (IMB) findings indicate, with the majority of the 246 recorded attacks instead taking place in Asia.
Minerva Bunkers, wholly-owned by Mercuria Energy Trading, has launched a physical bunker fuel supply operation in West Africa.
Singapore’s Pacific Radiance has aborted its venture into the West African offshore market, but reinforced its position in Malaysia with new joint venture agreements.
Topaz Energy and Marine has posted a $3.1m loss in H1, compared with a $21.9m profit in H1 2014, its bottom line hit by long-term strategic investments in West Africa.
The CMA CGM Group is upgrading its EURAF 4 service, bringing improvements to its West Africa offering.