• Cavotec wins port equipment orders worth EUR10 million

    Global engineering group Cavotec has today announced port equipment orders worth EUR10 million, including five from Chinese crane manufacturing giant ZPMC. Of those, the biggest is for cable reels that will supply electrical power to 72 ZPMC automated stacking cranes at Singapore's newest terminal,

  • Sembcorp Marine builds largest crane vessel

    Singapore-listed Sembcorp Marine has secured an exclusive letter of intent with the Netherlands-based crane operator, Heerema Offshore Services, for the engineering and construction of a new semi-submersible crane vessel (NSCV). The letter was signed by the offshore marine services provider's

  • KITA opposes system change in Busan North Port

    Korea International Trade Association (KITA) has opposed the system change from reporting to approval regarding the container handling charge in Busan North Port. Through its website, KITA said, "The approval system will put pressure on small- and medium-sized exporting enterprises to pay more

  • RSHI loses 29 shipbuilding contracts in 2014

    China Rongsheng Heavy Industries Group Holdings (RSHI) said it lost 29 shipbuilding contracts in 2014 due to the depressed shipbuilding market and its financial hardships, incurring a loss of CNY2.9 billion (USD467.1 million). Among the total, the company terminated 20 shipbuilding contracts after

  • Tokyo port's cargo traffic down

    Japan's largest container port, Port of Tokyo, has reported a dip in its overall cargo traffic by 0.4% year on year (y/y) in December 2014 to 7.326 million tonnes, according to preliminary figures released by the Tokyo metropolitan government on 30 March. Of the 7.326 million tonnes, 3.991 million

  • Maldives to shift main port to landfill island

    More details have emerged about the deal signed 10 days ago between DP World and the government of the Maldives for a deepwater port on the industrial island of Thilafushi. The first phase of the project will see construction of a container terminal, and this will be followed by a free trade zone

Ships Ships

  • Epic Gas sells two ships

    Singapore-based pressurised gas carrier owner Epic Gas has sold two of its older ships. The company said 1997-built Epic Cebu and 1996-built Cefalu have been sold to buyers engaged in Southeast Asian cabotage trades. Epic Gas said, "The transaction demonstrates Epic's commitment to proactively

Technology Technology

  • Cavotec wins port equipment orders worth EUR10 million

    Global engineering group Cavotec has today announced port equipment orders worth EUR10 million, including five from Chinese crane manufacturing giant ZPMC. Of those, the biggest is for cable reels that will supply electrical power to 72 ZPMC automated stacking cranes at Singapore's newest terminal,

Safety & Security Safety & Security

Ports Ports

  • Piraeus privatisation back on as COSCO China bids

    COSCO China is to bid for a majority stake in Greece's port of Piraeus following an apparent change of heart regarding the port's privatisation by the country's new socialist government. The Chinese company is an "active participant" in the bid for a majority stake in Piraeus and can make a "very

Offshore Offshore

  • Sembcorp Marine builds largest crane vessel

    Singapore-listed Sembcorp Marine has secured an exclusive letter of intent with the Netherlands-based crane operator, Heerema Offshore Services, for the engineering and construction of a new semi-submersible crane vessel (NSCV). The letter was signed by the offshore marine services provider's

Companies Companies

  • Wan Hai Lines' profit soars 158% in 2014

    Taiwanese container carrier Wan Hai Lines announced that the company recorded a profit of TWD5.32 billion (USD170 million) for 2014, soaring 158% from a profit of TWD2.13 billion in 2013. The carrier's earnings per share also rocketed by 147% to TWD2.37 from TWD0.96 a year ago, and its revenue

Markets Markets

  • VLGC rates fall as ship supply grows

    Freight rates to ship LPG on very large gas carriers (VLGCs) tumbled again as the tonnage list swelled in the Gulf amid slowing demand in Japan, the world's biggest LPG importer. The Baltic Exchange assessed the Gulf-Asia Pacific rate at USD84.375 on 30 March, down USD2.50 from 27 March. At
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  • China turns to underdeveloped ports

    31 Mar 2015

    Some Chinese ports are expanding despite slow growth in throughput, IHS Maritime’s Dexter Yan reports After a dozen of years marked by new projects and expansions, Chinese ports are maintaining their growth momentum by looking to areas that were previously underdeveloped. However, experts are worried that this will create overcapacity in China. Xie Xie, a researcher with … more

  • The spill NYK will not forget

    30 Mar 2015

    NYK organises yearly campaigns to emphasise crisis response, IHS Maritime’s Crystal Chan reveals It may have been 18 years since one of its tankers was involved in an oil spill, but Japanese shipowner NYK Line has vowed never to forget the lessons learnt. On 2 July 1997 Diamond Grace, a very large crude carrier owned by NYK, ran … more

  • Offshore project vessels make waves in China

    29 Mar 2015

    A massive wind energy growth strategy is fuelling demand for high-tech vessels, IHS Maritime’s Dexter Yan reports China’s ambitious offshore power goals are set to unleash a huge demand for special ships that are needed to install gigantic windmills at sea. Wind power installation vessels, which are still perceived as a niche market in China, … more

  • Insight: China iron ore imports boom

    28 Mar 2015

    IHS Maritime’s Angela Yu looks at China’s iron ore import boom Ore imports to China from Australia, west Africa and Brazil all increased last year, while import volumes from Malaysia, Mongolia, and Iran all dropped. The 548 million tonnes of iron ore imported last year to China from Australia represented an increase of 31.5% year-on-year. … more