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IMC Maritime Newsletter November 16 2011

Nigeria appoints new oil sector regulator chiefs

Nigerian President Goodluck Jonathan on Wednesday changed top management at regulators overseeing Africa's biggest oil industry, a body criticised in the past by international agencies for a lack of transparency.


Hochtief Plans Joint Venture for Offshore Wind Farm Developments

Hochtief AG, Germany’s largest builder, plans to set up a joint venture with an investment partner to develop offshore wind farms. Hochtief’s Solutions unit and an investor the company declined to identify are seeking to purchase at least two wind farm concessions off Germany and develop the projects, said Ullrich Reinke, head of energy and infrastructure at the unit.


Boskalis, CSAV Discuss Americas Tug Joint Venture

Boskalis, the Dutch dredging and marine services group, and Chilean ocean carrier CSAV are working to establish a joint towage operation in Central and South America. The joint venture between Smit, Boskalis’ marine services arm, and Sudamericana Agencias Aereas y Maritimas , CSAV’s wholly-owned subsidiary, would operate a fleet of more than 170 vessels in 45 ports in nine countries.


Cost of piracy to the international community is between US$ 4.9Bn and US$ 8.3Bn each year

As piracy spreads unchecked insurers, ship owners and charterers are evolving new approaches to managing the risk. This is despite the vacuum created by both the law and the lack of international co-operation or political will that, arguably, lead to the problem in the first place.