• APMT sacks striking dockworkers

    APM Terminals (APMT) has fired 130 dockworkers at its general cargo terminal in Callao, Peru, where a strike has been ongoing since 13 May. According to APMT, the strike involves approximately 600 workers. During the past week, "certain employees have been receiving notification that they're no

  • Frontline amends tanker charters

    John Fredriksen-led Frontline has announced a major revision to its long-term charter agreements and has reported stronger than expected quarterly results. Long-term charters for 17 tankers owned by related-party Ship Finance International (SFI) will be amended as of 1 July. Base rates for VLCCs

  • FE/Europe spot freights slump deeper

    Container ship overcapacity in the Asia/Europe trade saw cargo spot rates for westbound headhaul liftings hit another all-time low today. According to the Shanghai Containerised Freight Index (SCFI), shipments on the Shanghai/North Europe route were this week quoted at just USD342 per teu in the

  • JST abandons newbuild bulker

    Jinhui Shipping and Transportation (JST) has abandoned a bulk carrier newbuild ordered at Oshima Shipbuilding, citing the benefit of reducing future capital expenditure during an extremely challenging operating environment. Zanzibar Naviera will take over the newbuild, a 60,000 dwt bulk carrier, a

  • JES appoints new non-executive chairman

    Singapore-listed shipbuilder JES International Holdings (JES) has appointed Chu Caixia as its non-executive chairman. JES cited in its filing to the Singapore Exchange (SGX) that Chu is the mother of the incumbent CEO of JES, Jin Yu. Prior to Chu's appointment, the company had announced that its

  • ICTSI buys Mexican port operator for $54.5m

    Filipino terminal operator International Container Terminal Services (ICTSI) has acquired Mexico-based port operator Terminal Marítima de Tuxpan (TMT) for USD54.5 million. The acquisition is in line with the ICTSI's policy of business expansion and increasing its global footprints, according to

    FEATURED REPORT

  • Wall Street hits ‘pause’ button

    Wall Street has had a major impact on the orderbook in the past decade, both pro and con. In 2013 and early 2014, US-listed companies bet heavily on newbuildings. This year, public investors are shunning fresh orders in dramatic fashion, reports Greg Miller.

    Photo: The New York Stock Exchange. Credit: PA

  • Maritime movers

    IHS Maritime profiles the latest movements by the movers and shakers: the people who make shipping happen. Please send your suggested movers and shakers to savahna.nightingale@ihs.com

    Photo: New Algoma Central CEO Ken Block Sorensen. Credit: Algoma Central

Ships Ships

  • Nanshan Group plans to buy second-hand bulkers

    Nanshan Group, a Chinese private-run conglomerate, plans to buy second-hand bulk carriers to meet the demand of its electricity producing unit for coal shipping capacity. The planned acquisitions of second-hand bulkers include two to four Panamaxes, two to three Supramaxes, and two to three

Technology Technology

  • Wärtsilä wins another BWMS order

    Wärtsilä won another order for its Ballast Water Management Systems (BWMS) in the first quarter of 2015. Three new container ships being built for CMA CGM at the Jinhai Shipyard in China will be fitted with Wärtsilä Aquarius UV BWMS, a statement released on 27 May by Wärtsilä said. Wärtsilä will

Safety & Security Safety & Security

  • UNESCO gives Australia’s Reef plan the nod

    Bans on dredge disposal at sea, restrictions on port expansion, and an AUD100 million (USD765,000) government lobbying campaign have convinced the United Nations World conservation agency to recommend keeping Australia's Great Barrier Reef off the endangered list - for now. While government and

Ports Ports

  • Bangkok approves Laem Chabang port development

    The Thai government has approved Harbour A Development Project at the gateway port of Laem Chabang, the government website reported after a cabinet meeting. This allows the Port Authority of Thailand (PAT) to construct an L-shaped harbour measuring 30 m wide and 120-125 m long, with a 115 x 120 m

Offshore Offshore

  • COSCO delays delivery for two PSVs

    Singapore-listed shipbuilder, COSCO Corporation Singapore (COSCO) has delayed the delivery dates of two platform supply vessels (PSVs) after reaching mutual agreement with its buyers. COSCO did not give any reasons for the delay, according to its filing in Singapore Exchange (SGX), but speculation

Companies Companies

  • Eurotunnel drops MyFerryLink crewing contract

    Eurotunnel has announced that it will not renew its contract with the employee co-operative that crews the vessels of its ferry affiliate, MyFerryLink, when it expires in early July. The company confirmed to IHS Maritime that it had written to the co-operative, SCOP SeaFrance, to announce its

Markets Markets

  • NOL completes APL Logistics sale

    Singapore's Neptune Orient Lines completed the sale of its logistics business, APL Logistics, to Japan's Kintetsu World Express on 29 May. NOL, the parent of liner operator APL, sold the logistics unit for USD1.2 billion. The sale will enable NOL to raise funds as it works towards restoring
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  • Wall Street hits ‘pause’ button

    29 May 2015

    Greg Miller, Americas editor, IHS Maritime Wall Street has had a major impact on the orderbook in the past decade, both pro and con. In 2013 and early 2014, US-listed companies bet heavily on newbuildings. This year, public investors are shunning fresh orders in dramatic fashion. In the first four months of 2015, US-listed shipping … more

  • Shale boom upsizes ethane carriers

    23 May 2015

    IHS Maritime’s Frank Lennox-Millard reports on the development of purpose-built very large ethane carriers Very large ethane carriers (VLECs) are destined to become part of the global seascape. A boom in shale oil/gas in the US promises increasing amounts of ethane and ethylene for highly profitable export. As a result the shipping industry is finding solutions … more

  • Tonnage shortages return to haunt banana shippers

    23 May 2015

    Ecuador bananas are in huge demand in previously untapped export markets, IHS Maritime’s Michael Hollmann reports Long-haul banana trades continue to flourish as consumers in Asia add more of the fruit to their diets. While reefer containers gain market share, Ecuador-based shipbroker Sopisco argues that specialised liner services could claw back some of the business. Bananas … more

  • Day of the Seafarer: Dubai alliance aims to educate a region

    18 May 2015

    IHS Maritime’s Richard Clayton looks at how the GCC is targeting the education and training of local labour to cement the region’s maritime and offshore future A partnership between a maritime academy and an ‘i-university’ could change the way the Gulf Cooperation Council (GCC) countries think about the industry, writes Richard Clayton, IHS chief maritime … more