• Jiangzhou Union secures Sloman Neptun tankers

    China's Jiangzhou Union Shipbuilding has secured an order for up to two chemical/product tankers from returning German shipowner Sloman Neptun Schiffahrts-Aktiengesellschaft. The order is for one firm 16,5000 dwt vessel, which will have an overall length of 145.15 m, a beam of 23 m, and a depth of

  • Wuchang wins asphalt/bitumen pair

    Chinese shipyard Wuchang Shipbuilding Industry has won an order for two asphalt/bitumen tankers from compatriot shipowner COSCO Southern Asphalt Shipping, a subsidiary of China Ocean Shipping Co (COSCO). The 13,000 dwt newbuildings are scheduled for delivery in 4Q 2016. Sources indicate they will

  • 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

  • NYK sets up Myanmar JV for car transport

    Japan's second-biggest shipping company Nippon Yusen Kabushiki Kaisha (NYK Line) with its partners Silverbird Auto Logistics and Phee Group, has established a joint venture (JV) for car transportation in Myanmar. The three companies started inland logistics transportation services in October 2014,

  • CCCC to spin off dredging business

    China Communications Construction Company (CCCC) aims to spin off its dredging business and have it listed on an overseas stockmarket. CCCC plans to invest about CNY24 billion (USD4 billion) to set up a wholly owned CCCC Dredging (Group) and an asset management subsidiary in two phases in Beijing,

  • Pertamina subsidiary adds seven vessels

    Indonesia-based Pertamina Trans Kontinental (PTK), a subsidiary of state-owned oil and gas company Pertamina, has added seven vessels worth IDR650 billion (USD50 million) to achieve its revenue target. The seven vessels comprise two anchor-handling tug supply (AHTS) vessels and five harbour tugs.

Ships Ships

  • Pertamina subsidiary adds seven vessels

    Indonesia-based Pertamina Trans Kontinental (PTK), a subsidiary of state-owned oil and gas company Pertamina, has added seven vessels worth IDR650 billion (USD50 million) to achieve its revenue target. The seven vessels comprise two anchor-handling tug supply (AHTS) vessels and five harbour tugs.

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

  • 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

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

  • MOL appoints new president

    Mitsui OSK Lines (MOL) has named Junichiro Ikeda as its new president. Ikeda, 58, currently a director and senior managing executive officer in MOL, will succeed MOL's current president Koichi Muto effective 23 June. Muto will go on to become chairman of Japan's biggest shipping company. Ikeda's

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