• MOL set on container business return to profit

    As the container business has been dragging down Mitsui OSK Lines' (MOL's) profits in recent years, its president, Koichi Muto, has expressed a determination to restore profitability to the sector in the coming financial year (FY). Speaking on the 131st anniversary of the establishment of Japan's

  • Howe Robinson forms merger with ICAP Shipping

    The merger of ICAP Shipping and Howe Robinson Group is now official. The new entity, called Howe Robinson Partners, will be headquartered in Singapore under the leadership of chairman Peter Kerr-Dineen. ICAP Shipping's former boss Henry Liddell will head the new entity's tanker division. Howe

  • Chinese shipbuilders' market share weakens

    Although Chinese shipbuilders have been winning fewer orders since the start of the year, this would not mean more business for South Korean shipbuilders, said an analyst. Samsung Securities analyst Han Young-soo said that China's market share in the global shipbuilding market fell from 42% in 2013

  • Gate Terminal LNG breakbulk ground-breaking

    Chief executives representing players from across the port of Rotterdam's LNG and logistics chain attended a symbolic ground-breaking ceremony today LNG breakbulk development at Gate Terminal. The terminal is a joint Gasunie-Royal Vopak venture on the Maasvlakte that opened in 2011 to enable

  • OOIL orders six 20,000 teu box ships

    Hong Kong-based Orient Overseas (International) (OOIL), the parent company of Orient Overseas Container Line (OOCL), announced it had placed a new order for six 20,000 teu container ships at Samsung Heavy Industries for USD951.6 million. OOIL is currently arranging a bank loan to fund 70% of the costs of the

  • Tauranga to dredge harbour for bigger ships

    As part of its NZD250 million (USD187.1 million) capital expansion programme to be New Zealand's premier hub port, Port of Tauranga (POT) has called for tenders to dredge the harbour and approach channel to 14.5 m low water draught. Mark Cairns, chief executive Port of Tauranga, told IHS Maritime

Ships Ships

  • OOIL orders six 20,000 teu box ships

    Hong Kong-based Orient Overseas (International) (OOIL), the parent company of Orient Overseas Container Line (OOCL), announced it had placed a new order for six 20,000 teu container ships at Samsung Heavy Industries for USD951.6 million. OOIL is currently arranging a bank loan to fund 70% of the costs of the

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

  • Compensation process begins for Sewol victims

    The South Korean government said on 1 April that it will start compensating victims of the Sewol ferry, nearly a year after the vessel capsized. On 16 April 2014, the Sewol, carrying 476 passengers and crew, capsized during a routine Incheon-Jeju trip. More than 300 of them were Danwon High School

Ports Ports

  • Gate Terminal LNG breakbulk ground-breaking

    Chief executives representing players from across the port of Rotterdam's LNG and logistics chain attended a symbolic ground-breaking ceremony today LNG breakbulk development at Gate Terminal. The terminal is a joint Gasunie-Royal Vopak venture on the Maasvlakte that opened in 2011 to enable

Offshore Offshore

  • US harmonises offshore vessel safety

    Foreign shipowners that plan to work in US offshore drilling markets will be required to ensure their vessels meet the same standards for explosion protection as their US counterparts. The new requirement, published 31 March and effective 30 April, applies to mobile offshore drilling units (MODUs)

Companies Companies

  • COSCO Shipping posts 506% profit rise

    Shanghai-listed COSCO Shipping on 31 March announced that it recorded profit of CNY197.8 million (USD32.0 million) for 2014, up 506% from a profit of CNY32.6 million in 2013. The company recorded revenue of CNY7.66 billion in 2014, up 2.98% year on year (y/y) from CNY7.44 billion in 2013, and its

Markets Markets

  • No let-up seen for Panamax bulkers

    The market environment for Panamax and post-Panamax bulk carriers remains challenging, and has been particularly affected over the past year by the slowdown in coal trades, said Italian broker Banchero Costa. Panamax bulkers are also increasingly challenged by large geared Supramaxes on some coal
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
  • 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