• India renews exemption to vessel sharing pact

    India has renewed exemption granted to vessel sharing agreements (VSAs) among container carriers from the provisions of the country's anti-trust law for another year. The initial period of exemption ended on 10 December 2014 after a year's run. "In exercise of the powers conferred by clause (a) of

  • BW LPG upbeat after strong 2014

    BW LPG, the Oslo-listed VLGC operator in the Singapore-based BW Maritime group, has reported strong results for 2014 and says the outlook remains encouraging. Group net profit rose to USD65.0 million in 4Q14 from USD35.9 million in the same period last year, while revenues increased to USD182.7

  • Höegh LNG announces first dividend

    Norway's Höegh LNG has announced its first quarterly dividend based on its Q414 results, the Oslo bourse-listed company announced yesterday. The dividend is for shareholders registered by 4 March 2015. President and CEO Sveinung Støhle stated in the company's exchange release: "We are excited to

  • Techcross, Drydocks World sign MOU on BWMS

    South Korean ballast water management system (BWMS) manufacturer Techcross has signed a memorandum of understanding (MOU) with Drydocks World (DW), the largest ship repair facility in Dubai, for joint marketing of BWMS installation. Under the MOU, Techcross will provide up-to-date information,

  • Australian police seize drugs hidden in container

    Australian Federal Police working undercover have arrested two men, after customs found 100 kg of methamphetamine with an estimated street value of USD50 million hidden in a container from China. The container was declared to hold "kid's toys". Customs officers, however, located a false floor

  • Icon Offshore's profit halves in 2014

    Malaysia-listed offshore services provider Icon Offshore reported that its full-year profit almost halved in 2014, due to lower charter revenue and fleet utilisation. Net profit dropped 47% year on year (y/y) to MYR59.35 million (USD16.4 million) in fiscal year 2014 (FY 2014), while revenue dipped

Ships Ships

  • Amarcon boosts new bulkers’ fuel efficiency

    Amarcon is to deliver SEEMP-compliant OCTOPUS-Onboard fuel monitoring systems for 12 Handysize bulkers being built by Yangzhou Guoyu Shipbuilding for Pioneer Marine (Singapore). Due for delivery in 2015 and 2016, the 25,000 dwt Handysizes have a Green Dolphin design, intended to reduce fuel

Technology Technology

  • World's latest large ro-ro box ship delivered

    The STX Offshore & Shipbuilding shipyard in Jinhae, South Korea, has announced the delivery of ro-ro container vessel Jolly Cobalto to Italian shipping company Ignazio Messina & Co. The new vessel, claimed by Messina to be largest such vessel in the world, will be Italian-flagged and will make its

Safety & Security Safety & Security

  • Poor watchkeeping led to fatal dredger collision

    The chief mate of a dredger involved in a fatal collision off eastern England last year has received a six-month prison sentence suspended for 18 months. On 8 June, Gerardus Chapel was on the bridge of Royal Boskalis Westminster's trailing suction hopper dredger Shoreway. The vessel had just

Ports Ports

  • Busan aims to handle 20 mil. teu in 2015

    South Korea's Busan port plans to achieve a throughput of 20 million teu in 2015 after it handled 18.678 million teu in 2014, the highest number in the port's history. Through a press statement, the Busan Port Authority (BPA) said the record number of 18.678 million teu handled at the port in 2014

Offshore Offshore

  • Maersk takes early delivery of new jack-up

    Maersk Drilling has taken delivery of its third XL Enhanced ultra-harsh environment jack-up rig named Maersk Integrator ahead of schedule. The Keppel FELS built unit is the third in the series of four jack-ups ordered by Maersk between 2011-2013. The total investment in all four jack-ups is USD2.6

Companies Companies

  • MSC to start new Australia Express service

    Mediterranean Shipping Company (MSC) this week announced a new Australia Express service, linking Australian ports directly with Europe, India, the Middle East, and Pakistan. The new service will eliminate transhipments out of Singapore, and its first sailing will be made by SCT Zurich out of

Markets Markets

  • Knightsbridge says merged company to consolidate

    Knightsbridge Shipping, the listed dry bulk shipping company in John Fredriksen's business empire, has said it is in the final stages of merging with Golden Ocean, and that the new company plans to consolidate in the sector. "The process to merge with Golden Ocean is entering into its final stage
  • Hard evidence for a hard industry

    23 Feb 2015

    IHS Maritime’s Girija Shettar recently attended an industry event where lawyers and human rights advocates reviewed the strategies needed to address abusive working situations faced by some seafarers. During a gathering of at the UK’s London Shipping Law Centre, four speakers, all former seafarers and three with Royal Navy backgrounds, were brought together to address … more

  • Container congestion

    22 Feb 2015

    JOC chief content officer Peter Tirschwell looks at the dangers faced by the global container shipping sector The biggest threat to global container shipping is not protectionism or terrorism, says Moffatt & Nichol economist Walter Kemmsies. Instead, he picks out congestion at ports: a phenomenon building for years that hit the headlines only last year. … more

  • Upgrade for Port of Santos

    22 Feb 2015

    Dredging and infrastructure upgrade to alleviate pressure at Brazil’s key cargo gateway of Santos is finally progressing, reports IHS Maritime’s RT Watson For the port of Santos to serve container ships larger than 9,000teu, channels must be dredged to a depth of more than 15m in a programme overseen by Brazil’s ministry of ports (SEP). … more

  • Indonesia’s Mr Logistics

    21 Feb 2015

    Richard Joost Lino, CEO of Pelindo II, tells IHS Maritime’s Lily Bertha Kartika he is pushing larger vessels to bring down high port costs Richard Joost Lino, who has been chief executive officer at Indonesian port operator Pelindo II since 2009, has made it his mission to revamp that sector. Inefficient ports and infrastructure have … more