• ShinaSB makes second attempt at sale

    South Korean mid-tier shipbuilder ShinaSB is up for sale again, after a previous sale attempt fell through. Potential buyers submitted letters of intent to ShinaSB's shareholders on 30 June and assessment of the bids began the following day. This is ShinaSB's second attempt at a sale after an

  • EMAS Offshore records net profit of $5.18m

    Singapore-listed offshore services provider EMAS Offshore has posted a net profit of USD5.18 million for the third quarter that ended on 31 May 2015, as compared with a profit of USD0.18 million in the third quarter of 2014. The increase in profit was attributed to contributions from the company's

  • Cargo ship runs aground off La Gi, Vietnam

    A Vietnam-flagged cargo ship laden with 3,000 tonnes of rice has run aground off La Gi, Vietnam. Hai Truong 36 with IMO registration number 8656154 was stranded at 10 29' 45"N, 107 50' 37"E at 02:00 h local time on 5 July. The 2009-built, 3,083 dwt vessel sustained breach in its hull and took in

  • Triyards wins liftboat orders worth $175m

    Singapore-listed offshore services provider Triyards Holdings has won liftboat orders worth USD175 million. The vessel orders comprise two enhanced BH450 series liftboats, which will be the third and fourth liftboat in the series to be built by Triyards. "Each of these lattice-legged vessels, the

  • International dry bulk shipping to pick up in the short term

    The international dry bulk shipping market is expected to pick up in the second half of 2015, Shanghai International Shipping Institute (SISI) said in a report. However, a recovery to the average level recorded in the past years in the market lies far away, SISI said. The institute also gave more

  • EMAS Offshore bags West Africa, Thailand jobs worth $24m

    Singapore-listed offshore services provider EMAS Offshore has clinched three charter contracts worth USD24 million with oil majors in West Africa and Thailand. Under the West African contract, EMAS Offshore will provide anchor handling tug and supply (AHTS) vessels for sea transportation services,

Ships Ships

  • Evergreen confirms orders for 10 box ships

    Taiwanese carrier Evergreen announced on 6 July that the company has decided to order 10 2,800 teu container ships at Taiwan's China Shipbuilding Corporation (CSBC) and Japan's Imabari Shipbuilding. The carrier will order five box ships at CSBC at the price of USD36-39 million each, with total

Technology Technology

  • Rolls-Royce to lead autonomous ship research project

    Rolls-Royce is to lead a new EUR6.6 million (USD7.3 million) project that could pave the way for autonomous ships. The Advanced Autonomous Waterborne Applications Initiative will produce the specification and preliminary designs for the next generation of advanced ship solutions. The project is

Safety & Security Safety & Security

Ports Ports

  • Tokyo’s cargo traffic down in March

    Tokyo port's cargo traffic declined 3.6% year on year (y/y) in March to 7.355 million tonnes because of a sharp drop in imports from foreign countries, according to preliminary figures released by the Tokyo metropolitan government on 6 July. Of the 7.355 million tonnes, 3.896 million tonnes came

Offshore Offshore

Companies Companies

  • Samsung HI denies exit from wind energy sector

    South Korean shipbuilder Samsung Heavy Industries (SHI) has refuted media reports that it plans to sell its wind energy businesses in Europe. Rumours that South Korea's second biggest shipbuilder would sell those businesses, which include an offshore wind turbine test centre in Fife, Scotland, grew

Markets Markets

  • Headwinds emerge again for ship recycling

    The ship recycling market will not be spared from the uncertainties resulting from Greece's financial crisis and the stock market plunge in China. Dubai-based cash buyer Global Marketing Systems (GMS) said that 29 June-3 July was a nervy week in the Indian sub-continent markets with all eyes on
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  • Fibrelight releases improved recovery cradle

    30 Jun 2015

    The Fibrelight mass casualty recovery (MCR) cradle, which is produced and distributed by CQC, has been designed to meet changing customer and safety requirements, reports IHS Maritime. These changes have come about in operations, primarily in the North Sea, and are centred on SOLAS Regulation 111/17-1. This requires plans and procedures for the recovery of … more

  • Dredging insight: China at a turning point

    30 Jun 2015

    China’s slowing economy has led to port development projects being delayed as operating companies start to leverage more powerful IT software and more focused management expertise, writes IHS Maritime’s chief analyst, Richard Clayton. This marks a turning point for the country’s port sector, Ningbo Port Group’s chief economist Tong Mengda told the Intermodal Asia 2015 … more

  • Japan’s LPG import growth squeezed

    29 Jun 2015

    Mature economy and other energy sources limit Japan’s LPG demand growth, IHS Maritime reports. Japan is the world’s biggest importer of liquefied petroleum gas (LPG), but its demand appears to have matured. Speaking at the recent IHS Asia LPG Seminar in Singapore, Astomos Energy Corporation’s deputy general manager Kentaro Harada said that growing use of … more

  • Port of refuge: myth and reality

    27 Jun 2015

    Appointing a port of refuge for salvage operations carries a series of challenges, reports IHS Maritime’s Titus Zheng. In the world of ship salvage, assignment of a port of refuge is often a sensitive topic because of the environmental impact and political issues that it involves. The International Maritime Organization (IMO) adopted two resolutions in … more