The transit in the Indian Ocean is still subject to additional high costs due to increased insurance premiums and other costs, caused by the prevailing risks of piracy in the area....more.
While Ghana’s oil-fueled economy is now forecast to grow as much as 16 percent this year, the highest rate in the world, economists are warning there remain serious risks the current boom will not be beneficial to most Ghanaians....more.
Danish shipping and ports operations giant, A P Moller-Maersk Group, has concluded plans to expand its ports operations in Nigeria...more.
Dubai, United Arab Emirates, Tuesday 25 October 2011:– DP World’s global portfolio of container terminals has delivered another solid quarter handling gross volumes of 14.4 million TEU in the third quarter of 2011, 10% ahead of the third quarter last year....more.
Four new vessels to augment the fleet of the Ghana Navy have arrived at the Home Port of the Western Naval Command....more.
Maersk Drilling has signed a contract with BP for the ultra deepwater semi-submersible MAERSK DISCOVERER for work initially offshore Egypt....more.