• Heavy ice delays Seaway opening

    Heavy ice throughout the Great Lakes region has forced a week's delay in the opening of the St Lawrence Seaway for the 2015 navigation season. According to Terence Bowles, president and CEO of the Canadian Seaway Management Corp, the Seaway had planned to open on 27 March but after studying the ice

  • Sainty Marine offers guarantee for subsidiary yard

    Shenzhen-listed Sainty Marine will offer a guarantee for a combined fund of CNY145 million (USD23 million) for Sainty Shipbuilding (Yangzhou), its major shipbuilding subsidiary based in Yangzhou. Sainty Shipbuilding (Yangzhou) is planning to sell and lease back its production facilities from AVIC

  • Insight: Human error caused sinking of Taiwanese research ship

    The sinking of Taiwanese maritime research vessel Ocean Researcher V has been attributed chiefly to human error, according to a Maritime and Port Bureau report. "Investigators found that the crew members did not follow correct procedures during the return voyage, which required the use of nautical

  • Dawei Port construction deals to be inked this month

    A source has confirmed to IHS Maritime that construction contracts for Dawei Port in Myanmar will be signed this month. Two Thai construction companies, Italian-Thai Development and Rojana, are reportedly close to signing an agreement with the Burmese government to develop the first phase of the

  • NYK devises energy-saving adjustments for box ships

    Japan's Nippon Yusen Kabushiki Kaisha (NYK) and its subsidiary Monohakobi Technology Institute (MTI) have made energy-saving adjustments for container ships. The adjustments resulted in lowering carbon dioxide (CO2) emissions by 23% over six months, beating pre-test estimates. To reduce energy

  • Alam Maritim wins Petronas Carigali charter contract

    Malaysia-listed offshore services provider Alam Maritim Resources has secured a contract from oil company Petronas Carigali for the provision of spot charter marine vessels. The contract was signed for the duration of two years effective until 8 January 2017 with an extension option of one year

Ships Ships

  • NYK Line expands intra-Asia service

    Japan's second-biggest shipping company, Nippon Yusen Kabushiki Kaisha (NYK Line), is tapping into the growing intra-Asia market. The company announced on 3 March that it will add a new service between Japan, Thailand, and Vietnam. This will be the second service that NYK Line offers between those

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

  • Colombia detains COSCO vessel over illegal arms

    COSCO's heavy-lift ship Da Dan Xia was detained in Cartagena by Colombian authorities on 4 March for carrying illegal weapons. About 100 tonnes of gunpowder, 2.6 million detonators, 99 projectiles, and about 3,000 cannon shells were found on the Hong Kong-flagged ship, which was bound for Cuba,

Ports Ports

  • ICTSI gross revenue up 24%

    Singapore-listed port operator International Container Terminal Services (ICTSI) posted a 24% full-year gross revenue increase for the financial year ended 31 December 2014, due to higher contribution from newer business units. ICTSI hiked 6% year on year (y/y) to USD191.5 million in FY 2014,

Offshore Offshore

  • HHIC bags orders for two LPG carriers

    South Korean shipbuilder Hanjin Heavy Industries & Construction (HCIC) has won orders for two LPG carriers. The price of the two carriers is KRW114.9 billion (USD104.166 million), working out to USD52.83 million per ship, said the company in its Korea Exchange filing. HHIC told IHS Maritime that

Companies Companies

  • SeaLand confronts Latin American challenges

    SeaLand CEO Craig Mygatt is determined to build up his fledgling Latin American container service amid a steep downturn in many of the region's economies. SeaLand, the Americas-centric offshoot of Maersk Line, began covering the north-south trades and intra-regional routes in January. But Mygatt

Markets Markets

  • Container freight rates fell again in January

    Container freight rates fell for the second month in a row in January, figures released today by UK-based consultancy Container Trade Statistics (CTS) have revealed. The rates dropped by one point to 81 in January following the previous one-point dip in December 2014 on the previous month. The
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  • Right time, right place

    01 Mar 2015

    Captain Andrey Voloshin wanted a hydrocarbon shipping safety revolution. He describes his journey to start one. IHS Maritime’s Girija Shettar reports As a Ukrainian former master mariner, Andrey Voloshin was in the best position to know what goes on aboard oil tankers, beyond the hype of annual reports claiming declining levels of accidents and incidents. … more

  • We are all ambassadors

    01 Mar 2015

    What can shipping learn from Costco, asks IHS Maritime’s Richard Clayton James Sinegal is not widely known in shipping circles, but as co-founder and former chief executive at Costco, the Washington state headquartered membership-only warehouse club, his thought leadership hits the spot time and again. I was reminded of his wisdom last week when I … more

  • 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