• India cuts duties to help local fleet take on competition

    India is preparing its fledgling container fleet owners for competition from foreign carriers after the impending relaxation of cabotage laws. It will do so by removing customs and excise duty on bunker fuels used in Indian-flagged ships for the transport of export-import (EXIM), empty, and

  • Containerisation consolidation poses industry risk

    Continuing consolidation in the containerisation sector risks exposing the industry to the kind of extinction dinosaurs once faced, according to South Korea's oceans minister Yoo Ki-june. Yoo told the Danish Maritime Forum in Copenhagen on Wednesday that shipping is at "a critical juncture". He

  • Bergen Group Services signs agreement with Volvo Penta

    Bergen Group Services, part of the listed Norwegian maritime services company Bergen Group, says it has signed a frame agreement with Volvo Penta and in co-operation with Volvo Penta Center Bjordal & Madsen in Bergen. The frame agreement comprises sale and service of the whole product range to the

  • Port of Rauma starts expansion of container terminal

    The Port of Rauma has started an expansion of its container terminal by preparing the location for aggregates that will be dredged from the site, the port said in a statement. This first phase is estimated to cost EUR1.3 million (about USD1.5 million), while the expansion of the terminal itself

  • Soyuz Bunkering to shut Singapore operations

    Russian marine fuel trader Soyuz Bunkering is to shut its Singapore operations after just 19 months in business. Soyuz, part of Russian private investment company Summa Group, is headquartered in Rotterdam. It's CEO, Peter Grunwaldt, sits in Dubai. Company officials told IHS Maritime that its

  • MISC eyes secondhand tanker purchases

    Malaysian carrier MISC, rejuvenated by improving tanker freight rates, could purchase secondhand oil tankers if these are backed by charter contracts. The company's new chief executive officer, Yee Yang Chien, made this revelation at a recent briefing for analysts. CIMB Securities analyst Raymond


  • US clamps down on Shell

    Arctic drilling clearance comes with new environmental safety oversight. IHS Maritime & Trade’s John Gallagher explains

    Image: Operations on Noble Discoverer were under intense scrutiny this summer. Photo: Shell

  • Reading between the lines

    There’s little doubt that the aviation business is better understood by the general public than the maritime business. Why is that, and what can be done about it? Richard Clayton, chief maritime analyst, reports.

Ships Ships

  • MOL and NYK Line secure loan for four new LNG carriers

    Mitsui OSK Lines (MOL) and NYK Line have received about JPY126.7billion (USD1 billion) to finance four Moss-type LNG carriers currently being built by MI LNG and Kawasaki Heavy Industries (KHI). The Japan Bank of International Cooperation (JBIC), the country's export credit agency, will provide

Technology Technology

  • CMA CGM claims first for 'connected' box ship

    France's CMA CGM has claimed that its new 18,000 teu vessel, CMA CGM Bougainville, is the first container ship in the world to be equipped with new technology turning its payload of containers into "smart connected objects". The group said that the system it had installed on board the vessel

Safety & Security Safety & Security

Ports Ports

  • Piraeus privatisation pushed back

    The Greek government has had to postpone the sale of a majority stake in Piraeus, its largest port. The privatisation of the port was a requirement of the third bailout agreed with the country's creditors. However, the recent national elections slowed down work at the ministries of shipping and

Offshore Offshore

  • BSM to manage six Maersk Line ships

    Maersk Line has decided to hand over the management of six vessels to Bernhard Schulte Shipmanagement (BSM). "Currently managed in-house by Maersk, the six vessels ranging in size from 2,500 to 11,000 teu will be managed over the next five years from BSM's Ship Management Centre in Hamburg,

Companies Companies

  • Tokyo court approves Daiichi Chuo rehabilitation

    Struggling Japanese bulker operator Daiichi Chuo Kisen Kaisha was given the green light by the Tokyo District Court to start civil rehabilitation on 5 October. The company applied for civil rehabilitation on 29 September after four consecutive annual losses. Unlike restructuring that is led by the

Markets Markets

  • Expanded Panama Canal to open 'by April 2016'

    Panama Canal administrator Jorge Quijano has assured shipping leaders the expanded canal should be open for business by April next year. "It hasn't been easy" he told the Danish Maritime Forum in Copenhagen today, referring to disputes with the project's contractors and engineering faults that led
  • National heroes

    16 Sep 2015

    China’s policy of promoting ‘champions’ in key strategic industries lies at the heart of its economic development, writes David Yang, principal analyst, IHS Economics & Country Risk Since becoming a World Trade Organization (WTO) member in 2001, China has enjoyed a period of spectacular economic growth to become the second-largest economy in the world. In … more

  • Borrowers and lenders

    12 Sep 2015

    Shipping needs to choose its financing solutions carefully, reports IHS Maritime & Trade’s Richard Clayton Monaco, Rio, Singapore, New York, Dubai, Shanghai, London. The list of maritime finance conference venues gets longer every year. Dozens of look-at-me sponsors support the generation of capital in the form of public and private equity, master limited partnerships (MLPs), bonds, … more

  • Measurement measures up

    02 Sep 2015

    Monitoring fuel use aboard a vessel is a complex, careful, and vital process, both aboard and ashore. Engineering crews must know how much and what type of fuel is in the tanks (full, empty, or in between). In An introduction to fuel measurement, author Nigel Draffin successfully sets out to logically and clearly present reliable existing … more

  • Crewless ships and legal risks

    01 Sep 2015

    By Richard Clayton, chief maritime analyst, IHS Maritime & Trade Are unmanned ships safer or less safe than fully crewed vessels? Can human navigators on the bridges of dredgers perform their tasks more accurately than remote operation of dedicated dynamic positioning-dynamic tracking systems? How close are we to the fully hands-off ship? There has been … more