• Union: Callao box ops affected

    Replacement labour used by APM Terminals (APMT) to fill in for striking dockworkers at Peru's Port of Callao has started to affect container operations, according to the labour union's spokesman. Juan Carlos Vargas, spokesman for the Peruvian dockworkers' union SUTRAMPORPC, disputes APMT's

  • MISC profit up 18.6%

    Malaysia-listed shipping company MISC has posted a group operating profit of MYR1.8 billion (USD500 million), representing an 18.6% year-on-year increase for the financial year ending in 2014. The company's revenue in 2014 saw an upward trajectory of 3.6% year-on-year to MYR9.3 billion, driven

  • SeaSafe Marine signs contract with Masterbulk Singapore

    Wallem Group's lifeboat maintenance service company, SeaSafe Marine, has entered a five-year service supplier agreement with Masterbulk Singapore. The agreement is to provide lifeboat services for Masterbulk's fleet of 20 open-hatch gantry crane vessels, according to a 27 May statement from Wallem.

  • Aurora LPG to pay dividend and buy back shares after strong quarter

    Aurora LPG, the Oslo-listed expanding VLGC owner, has reported a healthy profit for 1Q15 and vows to pay a dividend of USD0.10 per share for the quarter and buy back NOK75 million (USD10 million) worth of its own shares. Group net profit amounted to USD13.9 million in 1Q15 on revenues of USD21.7

  • Single standard for logistics emissions needed, experts say

    Delegates at the Smart Freight Leadership seminar in Leipzig, Germany, called for cargo organisations to create a universal, transparent means of calculating logistics emissions across the global supply chain. "Shippers and carriers could then compare and select more fuel-efficient modes and

  • New STX O&S boss vows to realise recovery

    The new CEO of South Korean shipbuilder STX Offshore & Shipbuilding (O&S) has pledged to rehabilitate the company. Lee Byung-mo, who has been elected as the new CEO after STX O&S's former CEO Jung Sung-leep left to take up the reins at Daewoo Shipbuilding & Marine Engineering (DSME), gave his

    FEATURED REPORT

  • Wall Street hits ‘pause’ button

    Wall Street has had a major impact on the orderbook in the past decade, both pro and con. In 2013 and early 2014, US-listed companies bet heavily on newbuildings. This year, public investors are shunning fresh orders in dramatic fashion, reports Greg Miller.

    Photo: The New York Stock Exchange. Credit: PA

  • 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

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

Ports Ports

  • Guangzhou channel expansion to allow two-way ship travel

    Guangzhou Port Group has announced plans to invest CNY3 billion (USD484 million) to expand the deepwater channel of the port to meet the demand for two-way transport of large vessels. The expansion project will start from Nansha port area in the north to the deepwater area in the west

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

  • Tsuneishi to establish repair yard in Indonesia

    Japanese shipbuilding group Tsuneishi Holdings Inc has said it will invest USD40 million in establishing a ship repair facility in Indonesia. Tsuneishi's president and chairman, Yasuharu Fushimi, cited Indonesian president Joko Widodo's bid to develop his country into a maritime nation as the

Markets Markets

  • VLGC rates dip pending June LPG contract prices

    Very large gas carrier (VLGC) freight rates to ship LPG from the Gulf to Asia Pacific decreased as market players stayed away pending Saudi Aramco's announcement of June LPG contract prices. The Baltic Exchange assessed the benchmark rate at USD111.50/tonne on 26 May, down approximately USD0.19
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  • 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