• CNOOC overseas LNG base starts operation

    China National Offshore Oil Corporation (CNOOC), the country's largest offshore oil producer, announced on 25 May that its first overseas LNG supply base has started operation. Located in Queensland, Australia, the Curtis LNG project is expected to secure an annual LNG supply of 3.6 million tonnes for China

  • Barakah receives LOA from Shell

    Malaysia-listed Barakah Offshore Petroleum has won a contract from oil company Sarawak/Sabah Shell to supply pigs and pigging accessories and related equipment and services. Pigs are devices for cleaning and inspecting pipelines.

  • China Merchants to take more stake in Colombo port

    China Merchants Holdings (International) Company (CHM), a subsidiary of China Merchants Group, is discussing investment in the still-under-construction East Container Terminal with the Sri Lanka Ports Authority (SLPA). CHM is expected to get a 49% stake of the East Container Terminal at most,

  • Ship recycling sales slow

    Ship recycling sales slowed last week as shipowners and cash buyers refrained from yielding to the falling prices in the face of a deluge of Capesize bulkers being offered for sale. No sales were reported last week, while prices remained steady at USD370-395/ldt in South Asia. Dubai-based cash

  • CSG to raise $166m

    China Shipping Group (CSG) plans to raise at least CNY1.03 billion (USD166 million) by disposing its shareholdings in Shanghai-listed China Shipping Haisheng, a Hainan-based bulker operating subsidiary of the group. CSG plans to dispose a total of 82 million shares in China Shipping Haisheng by a

  • Zhoushan Port Group raises $113m

    Zhoushan Port Group has raised CNY700 million (USD113 million) by selling a five-year term bond to pay back bank loans and replenish its working capital. The bond carries a coupon of 4.48% a year and is 3.84 times oversubscribed, a bond filing of the company said. The company plans to repay CNY364


  • Maritime movers

    IHS Maritime profiles the latest movements by the movers and shakers: the people who make shipping happen. Please send your suggested movers and shakers to savahna.nightingale@ihs.com

    Photo: New Algoma Central CEO Ken Block Sorensen. Credit: Algoma Central

  • Coming together: offshore and dredging

    IHS Maritime’s Bert Visser attended the recent joint meeting of the Central Dredging Association (CEDA) and the Association of Dutch Suppliers in the Oil and Gas Industry (IRO).

    Photo: Brakenhoff: oil price rise by 2017. Credit: Bert Visser

Ships Ships

  • Nanshan Group plans to buy second-hand bulkers

    Nanshan Group, a Chinese private-run conglomerate, plans to buy second-hand bulk carriers to meet the demand of its electricity producing unit for coal shipping capacity. The planned acquisitions of second-hand bulkers include two to four Panamaxes, two to three Supramaxes, and two to three

Technology Technology

  • Canada won’t be rushed on ballast treatment

    Canada will not require domestic shipowners operating on the Great Lakes to equip their ships with costly ballast treatment systems until effective technology exists, Canadian transport minister Lisa Raitt said on 21 May. Canada will only require ballast treatment on the Great Lakes "once it is

Safety & Security Safety & Security

  • Pilotage behind Maersk Garonne grounding

    A communication breakdown between the pilot and the bridge crew was behind Maersk Garonne's grounding at the entrance of Fremantle harbour in February this year, a preliminary report by the Australian Transport Safety Bureau (ATSB) has found. "It was apparent that the ship's bridge crew had not

Ports Ports

  • Lamong Bay Terminal opens in Indonesia

    Lamong Bay Terminal in Indonesia's Surabaya port was officially opened by President Joko Widodo on 22 May, marking a milestone for the country's transportation development. The terminal, which will raise Surabaya's annual throughput capacity from 1.5 million teu to 3.5 million teu, can accommodate

Offshore Offshore

  • BW LPG upbeat after strong start to year

    BW LPG, the world's largest LPG carrier owner, has taken an upbeat view of the future after delivering strong 1Q15 figures. The company's first-quarter net profit rose to USD57.5 million this year from USD30.8 million in 2014 on a bigger fleet and firmer rates. Revenues increased to USD167.9

Companies Companies

  • Hanjin Shipping posts quarterly profit

    Hanjin Shipping returned to the black for the first quarter of 2015, and further improvement can be expected from South Korea's biggest container shipping company, said analysts in a research note. KDB Daewoo Securities' analysts Jay JH Ryu and Kim Choong-hyun said, "Hanjin Shipping's first-quarter

Markets Markets

  • Chinese firms to buy stake in Fortescue

    Chinese companies Baosteel and CITIC are poised to buy a stake in the flagging Fortescue Metals Group, according to local media, with one IHS Maritime source also saying Fortescue ore ships on order were up for sale. Speculation has been mounting in recent days that buyers are circling iron ore
  • Shale boom upsizes ethane carriers

    23 May 2015

    IHS Maritime’s Frank Lennox-Millard reports on the development of purpose-built very large ethane carriers Very large ethane carriers (VLECs) are destined to become part of the global seascape. A boom in shale oil/gas in the US promises increasing amounts of ethane and ethylene for highly profitable export. As a result the shipping industry is finding solutions … more

  • Tonnage shortages return to haunt banana shippers

    23 May 2015

    Ecuador bananas are in huge demand in previously untapped export markets, IHS Maritime’s Michael Hollmann reports Long-haul banana trades continue to flourish as consumers in Asia add more of the fruit to their diets. While reefer containers gain market share, Ecuador-based shipbroker Sopisco argues that specialised liner services could claw back some of the business. Bananas … more

  • Day of the Seafarer: Dubai alliance aims to educate a region

    18 May 2015

    IHS Maritime’s Richard Clayton looks at how the GCC is targeting the education and training of local labour to cement the region’s maritime and offshore future A partnership between a maritime academy and an ‘i-university’ could change the way the Gulf Cooperation Council (GCC) countries think about the industry, writes Richard Clayton, IHS chief maritime … more

  • Maritime movers

    16 May 2015

    IHS Maritime profiles the latest movements by the movers and shakers: the people who make shipping happen. Please send your suggested movers and shakers to savahna.nightingale@ihs.com Costa brand rebuilder wins PR professional of the year Hansjörg Kunze, vice-president of communication and sustainability of the Costa Group, has received a PR Professional of the Year award … more