• Royal Caribbean momentum builds

    Shares of Royal Caribbean rose sharply on 31 July in the wake of better than expected quarterly results and a steadily improving cruise booking environment. NYSE-listed Royal Caribbean posted net income of USD185 million for 2Q15 versus USD137.7 million in 2Q14. Earnings of USD0.84/share came in

  • Bunkerer hits back in Turkish 'runaway' ship claim

    A bunker fuel supplier has insisted that a ship accused of fleeing Malta without paying a bill has a case to answer. Turkish-registered general cargo ship Feyza Genc allegedly left Malta while under arrest by the coastguard over a EUR45,000 (USD49,715) unpaid bill due to Cassar Fuel Ltd Malta. The

  • MyFerryLink crews start fresh disruption in Calais

    The port of Calais faced fresh disruption this weekend as MyFerryLink seafarers began new action to protest over the failure of talks to protect their futures following the cessation of their company's activities at the start of this month. Some 300 protesters set fire to tyres to block an access

  • Tampa taking on cyber threats

    Port Tampa Bay plans to use a USD1.6 million federal grant to combat cyber threats and bolster security. The money is part of USD100 million allocated on 28 July by the US Federal Emergency Management Agency under its Port Security Grant Program (PSGP). PSGP grants are used to increase port-wide

  • Exmar interims weaken ahead of major transformation

    Belgian gas carrier Exmar has reported a fall in 1H15 net profit ahead of major transformation of the group. Net profit fell to USD21.6 million in 1H15 from USD51.9 million in the same period last year and revenues dipped to USD70.5 million from USD71.8 million. It did not provide 2Q figures.

  • Yinson to buy FPSO Four Rainbow

    Malaysian floating production specialist Yinson Holdings said on 30 July that it will buy the FPSO Four Rainbow. The transaction will be done jointly with Four Vanguard Servicos E Navegacao LDA, the Portuguese unit of Italian tanker owner Premuda. The joint venture will buy the vessel from FVSN,

    FEATURED REPORT

  • IMO lessons from Tokyo

    The International Maritime Organization (IMO) is looking to increase maritime awareness worldwide by introducing a range of new initiatives, writes HIS Maritime’s Richard Clayton.
  • A gender-fair career at sea

    If shipping is to increase the number of female seafarers, a change of mindset is needed as well as the right conditions.

    Photo: Researcher Momoko Kitada says reluctant shipowners are denying onboard training opportunities to women seafarers.

Ships Ships

  • Spain's Navantia yard lands four Suezmax orders

    Spanish naval shipbuilder Navantia has landed an order for four Suezmax tankers with two others on option from Spain's Ibaizabal group. Navantia, which had its civil shipbuilding and repair activity capped at 20% of revenues until the end of last year on the orders of the European Commission, will

Technology Technology

  • Hydrodec to build UK's first oil re-refinery

    Peel Ports Group on 31 July announced a deal worth GBP40 million (USD62.4 million) with the Hydrodec Group that will see the UK's first purpose-built oil re-refinery constructed on a nine-acre site at Port Wirral in Eastham. Hydrodec, which operates two other used oil re-refineries, in Ohio, US,

Safety & Security Safety & Security

  • Suspected MH370 wreckage found near Africa

    Aircraft experts are currently examining aircraft wreckage that could be from missing Malaysia Airlines flight MH370. The debris was found about 4,000 km from the official search zone off Australia's west coast. The 2 m aircraft wing piece known as a flaparon was discovered on the French island of La Réunion off

Ports Ports

  • New chief for Busan Port Authority

    Woo Ye-jong has been appointed as the new president of Busan Port Authority. From 31 July, Woo, 56, will begin his new appointment, succeeding Lim Ki-tack who has been elected as the International Maritime Organisation's next secretary-general. In announcing Woo's appointment, South Korea's

Offshore Offshore

Companies Companies

Markets Markets

  • Upbeat d’Amico reports strongest first half since 2008

    d'Amico International enjoyed its best first half since 2008 with group net profit rising to USD18.7 million in 2Q15 from a mere USD1.7 million in the same period last year. The Luxembourg-based listed product tanker unit in the Italian shipping group d'Amico also saw revenues increase to USD110.1
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
  • Saudi rival for Jeddah

    30 Jul 2015

    IHS Fairplay looks at a new kid on the Saudi block, King Abdullah Port. Peter Shaw-Smith reports A revolution is quietly under way in Saudi Arabia’s ports sector, as the first facility to be run outside government control attracts the world’s leading shipping alliance, piling pressure on the kingdom’s premier west coast port, Jeddah Islamic … more

  • Iran’s crude equation

    28 Jul 2015

    An end to Iranian sanctions offers both positives and negatives for crude tanker owners, reports Greg Miller Is the historic nuclear deal with Iran good or bad for crude tanker rates, and if so, when? The answer hinges on a complex equation that will evolve over time. There are five key variables: the timing of … more

  • IMO lessons from Tokyo

    27 Jul 2015

    The International Maritime Organization (IMO) is looking to increase maritime awareness worldwide by introducing a range of new initiatives, writes IHS Maritime’s Richard Clayton. The International Maritime Organization (IMO) chose maritime training and education as its theme for World Maritime Day this year. A symposium with that focus was held in Tokyo, on Japan’s 20th national … more

  • Ports plan has to win over the disruptors

    26 Jul 2015

    The investment outlook for India’s major ports looks positive, but the route of corporatisation threatens extensive disruption India has an 8% target growth rate for 2015/16, and a key element of this growth is infrastructure and logistics development. ‘Corporatisation’ of India’s ‘major’, or public, ports – turning them from public trusts into companies – is … more