• US monitoring Tianjin explosion risks

    Owners and operators of US-bound vessels affected by the Tianjin port explosions should assess their ship and cargo for potentially hazardous residues, the US Coast Guard (USCG) has warned. In a safety bulletin published on 26 August, the Coast Guard noted that vessels affected by the Tianjin

  • Port of Tokyo’s cargo traffic down in May

    The Port of Tokyo saw its cargo traffic fall 6.7% in May from a year earlier to 6.797 million tonnes, as foreign trade tumbled at a double-digit rate while domestic trade also declined slightly, according to preliminary figures released by the Tokyo metropolitan government. Of the 6.797 million

  • APM Terminals makes second quarter profit despite volume fall

    APM Terminals this week announced in its second quarter (2Q) interim report an underlying profit of USD159 million despite a volume decrease of 6% compared with 2Q14. The terminal operator attributed the decline in containers handled to the divestment of two facilities in France and Virginia, US.

  • North Atlantic Drilling sees no new contracts for 2015 work start

    North Atlantic Drilling (NADL), the harsh environment drilling rig operator, says that trading conditions remain challenging, but that large numbers of old units in the global fleet are candidates for scrapping. The company reported net profit of USD44.2 million in the second quarter of 2015

  • Deputy chairman and general manager of Hebei Port Group under probe

    Li Min, deputy chairman and general manager of Hebei Port Group, has been placed under China Communist Party's probe over allegations of serious violations of party disciplines and laws, a statement of the party's discipline inspection commission in Hebei province said on 26 August. The statement

  • Pyeongtaek-Dangjin seeks two new general cargo berths

    The South Korean port of Pyeongtaek-Dangjin is inviting tenders to build two new berths for general cargoes. Since 2012, Pyeongtaek Regional Oceans & Fisheries Administration has been working to upgrade the port. This month, it completed expanding the access channel to the West Port. On 26

    FEATURED REPORT

  • Comment: Shipping people's power

    Do shipping people influence decisions? That’s the most intriguing question asked of delegates to the Maritime Cyprus conference to be held next month, IHS Maritime & Trade reports.
  • Comment: Japan’s offshore resources

    In 1875, the Japanese patrol vessel Meiji Maru dropped anchor off one of a group of uninhabited islands about 1,000 km south of Tokyo.
    The significance of the ship’s arrival – on 20 July, fully two days ahead of a British claimant – has not gone unnoticed to the current Japanese government.

    Image: Volcanic smoke from Nishinoshima island, one of the Ogasawaras. Photo: PA

Ships Ships

Technology Technology

  • Wärtsilä to power world's first LNG dredger

    Finland-based Wärtsilä has confirmed it will supply dual-fuel LNG/diesel engines for Belgium dredging major DEME's 8,000m³ Antigoon class trailing suction hopper dredger (TSHD) Scheldt River. One of two dual-fuel (DF) TSHDs ordered by DEME, Scheldt River will be joined by the smaller Minerva, a

Safety & Security Safety & Security

  • Tianjin port president detained

    Chinese prosecutors have detained Shanghai-listed Tianjin port's president Zheng Qingyue for dereliction of duty. Zheng is among 11 people detained in relation to the explosions that rocked the port city on 12 August. They are officials from Tianjin local transportation management authorities, work

Ports Ports

  • Pyeongtaek-Dangjin channel expansion completed

    The project to expand the access channel of Pyeongtaek-Dangjin's West Port in South Korea has been completed. The KRW36.1 billion (USD30.5 million) project, which commenced in 2012, has enlarged the access channel by 6.4 km, stretching it from two traffic lanes to four, and enables the port to

Offshore Offshore

  • Hoegh LNG sees strengthening demand for FSRUs

    Hoegh LNG, the listed LNG carrier and floating storage and regasification unit (FSRU) owner in the Leif Hoegh group of Norway, sees strengthening demand for FSRUs. The group, which owns four FSRUs and five LNG carriers, reported a 2Q15 net profit of USD 5.9 million compared to a loss of USD8.6

Companies Companies

  • Seadrill seeks to postpone deliveries on continued weak market

    Seadrill, the London-based listed drill ship and rig owner in John Fredriksen's business empire, seeks to postpone further newbuilding deliveries on continued weak market, the company said in a statement. Seadrill currently has 15 rigs under construction comprised of four drillships, three

Markets Markets

  • Tianjin cost set to eclipse Costa Concordia

    An explosion and fire that devastated the Chinese port of Tianjin could cost the insurance industry more than USD2 billion, its estimated bill from the Costa Concordia, according to ISA Surveys. For the Tianjin disaster, the marine cargo surveyor estimates that motor losses alone will top USD300
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  • London underwriters focus on Iran, but step with care

    22 Aug 2015

    Marine insurers face dilemma on Iranian business ties, as sanctions are not yet lifted, IHS Maritime & Trade reports. Insurers are being approached with potential business from Iran even though the lifting of Western sanctions is not expected to become a reality until 2016. The return of Iran into the global business community would open … more

  • Comment: Japan’s offshore resources

    22 Aug 2015

    In 1875, the Japanese patrol vessel Meiji Maru dropped anchor off one of a group of uninhabited islands about 1,000 km south of Tokyo. The significance of the ship’s arrival – on 20 July, fully two days ahead of a British claimant – has not gone unnoticed to the current Japanese government. “Were it not … more

  • Safety product news

    22 Aug 2015

    Rescue boat hooks meet Norwegian safety regulations H Henriksen of Norway used the recent Seawork International conference and exhibition in Southampton, UK, to showcase its new NORHMK range of hooks, principally for use with emergency rescue boats. H Henriksen of Norway used the recent Seawork International conference and exhibition in Southampton, UK, to showcase its … more

  • South Korea shipbuilding: Trouble at the top

    19 Aug 2015

    Richard Halfhide, publications editor, IHS Maritime In 1965 the government of South Korea, then one of the poorest countries in the world, announced a seemingly outlandish scheme to build a steel mill. For a country with no iron ore or coking coal deposits of its own it proved a hard sell, but work finally commenced … more