• Japan calls for box ship safety overhaul

    Japan's Ministry of Land, Infrastructure and Transport is looking to tighten class safety rules for big container ships. In its final report on the break-up and sinking of the 8,110 teu MOL Comfort, the ministry called for hull girder strength requirements to reflect the effect of lateral loads

  • Sainty Marine to freeze Nantong boss assets

    Shenzhen-listed Sainty Marine has secured a court approval to freeze Nantong Mingde Heavy Industry president's CNY700 million (USD113 million) asset over a loan dispute. The Jiangsu Province High People's Court had seized 6.5 million shares in a company held by Fenghua Ji, a 3 March stock filing of

  • Vallianz buys two HOS ordinary shares

    Singapore-listed offshore services provider Vallianz Holdings (Vallianz) has subscribed for two ordinary shares of the Singapore-incorporated Hamilton Offshore Services (HOS), which was set up on 3 March. At a total consideration of USD2.00, the two ordinary shares represent 100% of the equity

  • Pacific Radiance, Duta Marine form joint venture

    Singapore-listed offshore services provider Pacific Radiance has formed a joint venture with Duta Marine. The agreement was signed by Alstonia Offshore, a wholly owned subsidiary of Pacific Radiance. The company will own 49% of equity interest in the joint venture company - Duta Radiance Maritim -

  • Bumi Armada establishes Armada Madura EPC

    Malaysia-listed offshore services provider Bumi Armada has incorporated a new subsidiary under the name of Armada Madura EPC (Armada Madura) in the Republic of the Marshall Islands. According to Bumi Armada's filing to the Malaysian stock exchange Bursa Malaysia, Armada Madura will be a wholly

  • Africa must exploit its maritime resources, IMO says

    African countries that have direct access to the sea should emulate Japan in exploiting their vast maritime resources to bolster their economic progress, said IMO secretary-general Koji Sekimizu. Speaking in Nairobi last week where he was attending Kenya's first National Maritime Conference,

Ships Ships

  • NYK Line expands intra-Asia service

    Japan's second-biggest shipping company, Nippon Yusen Kabushiki Kaisha (NYK Line), is tapping into the growing intra-Asia market. The company announced on 3 March that it will add a new service between Japan, Thailand, and Vietnam. This will be the second service that NYK Line offers between those

Technology Technology

  • World's latest large ro-ro box ship delivered

    The STX Offshore & Shipbuilding shipyard in Jinhae, South Korea, has announced the delivery of ro-ro container vessel Jolly Cobalto to Italian shipping company Ignazio Messina & Co. The new vessel, claimed by Messina to be largest such vessel in the world, will be Italian-flagged and will make its

Safety & Security Safety & Security

  • EC: IMO must pressure states on migrant boats

    The European Commission (EC) has vowed to call on the IMO at a meeting in London tomorrow to pressure port authorities and flag states to more closely monitor their ship traffic for illegal migration. Speaking at a large-scale rescues-at-sea workshop in Brussels yesterday, Charmaine Hili, policy

Ports Ports

  • Port chaos to slam US container growth

    Disruptions at American West Coast docks over the past two months will take a heavy toll on US container trades in 2015, according to JOC-IHS economist Mario Moreno. Moreno, speaking at JOC's 15th annual TPM conference in Long Beach, California, on 2 March, slashed his forecast for US containerised

Offshore Offshore

  • HHIC bags orders for two LPG carriers

    South Korean shipbuilder Hanjin Heavy Industries & Construction (HCIC) has won orders for two LPG carriers. The price of the two carriers is KRW114.9 billion (USD104.166 million), working out to USD52.83 million per ship, said the company in its Korea Exchange filing. HHIC told IHS Maritime that

Companies Companies

  • SeaLand confronts Latin American challenges

    SeaLand CEO Craig Mygatt is determined to build up his fledgling Latin American container service amid a steep downturn in many of the region's economies. SeaLand, the Americas-centric offshoot of Maersk Line, began covering the north-south trades and intra-regional routes in January. But Mygatt

Markets Markets

  • China lacks iron ore demand for its Capesizes

    Although China consumes about 18 Capesize-loads of iron ore per day, the supply of ships is such that the demand is insufficient to create profitable freight rates, said London-based shipbroker ICAP Shipping. ICAP Shipping said, "The sharp drop of the iron ore prices has benefited the profit and
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  • Right time, right place

    01 Mar 2015

    Captain Andrey Voloshin wanted a hydrocarbon shipping safety revolution. He describes his journey to start one. IHS Maritime’s Girija Shettar reports As a Ukrainian former master mariner, Andrey Voloshin was in the best position to know what goes on aboard oil tankers, beyond the hype of annual reports claiming declining levels of accidents and incidents. … more

  • We are all ambassadors

    01 Mar 2015

    What can shipping learn from Costco, asks IHS Maritime’s Richard Clayton James Sinegal is not widely known in shipping circles, but as co-founder and former chief executive at Costco, the Washington state headquartered membership-only warehouse club, his thought leadership hits the spot time and again. I was reminded of his wisdom last week when I … more

  • Hard evidence for a hard industry

    23 Feb 2015

    IHS Maritime’s Girija Shettar recently attended an industry event where lawyers and human rights advocates reviewed the strategies needed to address abusive working situations faced by some seafarers. During a gathering of at the UK’s London Shipping Law Centre, four speakers, all former seafarers and three with Royal Navy backgrounds, were brought together to address … more

  • Container congestion

    22 Feb 2015

    JOC chief content officer Peter Tirschwell looks at the dangers faced by the global container shipping sector The biggest threat to global container shipping is not protectionism or terrorism, says Moffatt & Nichol economist Walter Kemmsies. Instead, he picks out congestion at ports: a phenomenon building for years that hit the headlines only last year. … more