• Increasing oil production, forecast demand growth support tankers

    Increasing production of oil and a raised demand forecast have provided further good news to an already firm crude tanker market and brightens the skies in product and chemical trades too, shipping analysts in Norway said. "IEA raises oil demand growth estimate for 2015 and points to increasing

  • Imports strengthen at LA ports

    Box imports are making significant gains at America's largest container complex while lingering congestion may still be hampering exports. Import boxes at the Port of Los Angeles increased 31.5% year-on-year in March to 430,898 teu, and jumped 42.1% to 317,520 teu at Long Beach - both port records

  • Manifestos promise a ‘sea-blind’ UK election

    Shipping has no place in the manifestos issued this week by the five main political parties contesting the UK general election on 7 May. The Conservative, Green, Labour, Liberal Democrat and UK Independence Party (UKIP) documents did not mention shipping, ports, maritime industries or maritime

  • IPA completes maintenance dredging at Incheon ports

    Incheon Port Authority (IPA) has completed maintenance dredging at coastal ports 3 and 4. The dredging, which was completed in March, was done at a budget of KRW2 billion (USD1.8 million). The port authority said that about 97,088 m³ of sand and sediments were dredged from the waters. In a

  • Keppel rides on short-term vibe

    Investors are urged to accumulate Singapore-listed marine, property, and infrastructure company Keppel Corporation's (Keppel) stock, which is riding on a short-term momentum. Malaysia-headquartered CIMB Bank analyst Lim Siew Khee said that Keppel's share price will continue to inch up in the near

  • Japanese yard orders down 36%

    Orders at Japanese shipyards fell 36% year on year (y/y) in February, continuing its descent as investment appetite for newbuildings has been affected by the sluggish dry bulk market. Figures from the Japan Ship Exporters' Association (JSEA) showed its member yards clinched 30 export orders

Ships Ships

  • Japanese yard orders down 36%

    Orders at Japanese shipyards fell 36% year on year (y/y) in February, continuing its descent as investment appetite for newbuildings has been affected by the sluggish dry bulk market. Figures from the Japan Ship Exporters' Association (JSEA) showed its member yards clinched 30 export orders

Technology Technology

  • DeltaLangh offers new scrubber deal

    Finnish scrubber supplier DeltaLangh has launched a new scrubber product to complement its present range along with a financing package that includes quoting a price. So far, the scrubbers, developed by Langh ship owner Hans Langh have been installed aboard his company's ships and recently ro-ro

Safety & Security Safety & Security

  • Migrant rescues prompt SOLAS review

    The International Maritime Organization is to review legislation underpinning sea rescues by commercial shipping as a "matter of priority" in the light of mass rescues of migrants and refugees being conducted in the Mediterranean Sea. At the 102nd meeting of the Legal Committee this week, a report

Ports Ports

  • Kobe port's cargo traffic rises in January

    Cargo traffic in Japan's Kobe port climbed 6.6% in January from a year earlier to 7.632 million tonnes, according to preliminary figures released by the Kobe municipal government on 15 April. Of the 7.632 million tonnes, 4.010 million tonnes came from foreign trade, up 1.8% from a year earlier, and

Offshore Offshore

  • Bumi Armada establishes new subsidiary

    Malaysia-listed offshore services provider Bumi Armada has incorporated a wholly owned subsidiary in the British Virgin Islands under the name of Bumi Armada Marine Holdings (BAMHL). The subsidiary is established at an authorised capital of USD50,000, comprising 50,000 ordinary shares of USD1 each,

Companies Companies

  • Pan Ocean to amend rehabilitation plan

    South Korean bulker operator Pan Ocean said on 17 April that it is amending its rehabilitation plan and will submit the revised plan to the South Korean courts next week. Key terms of the revised plan, such as discount rate of cash repayment and decision of reduction of capital, will be disclosed

Markets Markets

  • Asia-Europe battleground heats up

    The crash in freight rates on the major Far East westbound routes continues today with more double-digit slides reported by the Shanghai Shipping Exchange. Its freight index SCFI showed another 14% drop in average spot rates on the Shanghai/North Europe run to only USD399 per teu while the
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  • Klaipeda port builds on its links

    18 Apr 2015

    Low costs and efficiency have made the port a Baltic success story, says IHS Maritime’s John Pagni Being Lithuania’s only cargo port has not held Klaipeda back from acting as a trade outlet for landlocked nations. “Port infrastructure is upgraded annually by the state on behalf of Klaipeda State Seaport Authority (KSSA) and we maintain … more

  • Banks to tighten offshore lending

    18 Apr 2015

    A return to higher oil prices may have little effect on the offshore sector as banks look to reinvent their lending and revenue strategies. IHS Maritime’s Savahna Nightingale reports Access to easy capital is becoming more difficult as banks begin to tighten their offshore lending strategy. This could place further financial pressure on stressed vessel owners and … more

  • Bulker buyers grab bargains

    17 Apr 2015

    The value of bulk carriers halves, luring eager buyers to the S&P market, IHS Maritime reports Even though fewer candidates are coming on to the market, a considerable number of bulker sales are still being concluded. Sellers seem to be offloading tonnage for fear of a sustained slump in earnings, while buyers believe that they … more

  • New generation of PCTCs showcase innovation

    11 Apr 2015

    The recurrent themes of upscaling and increased efficiency are making an impression in vehicle carrier construction as the forward order book holds steady, by IHS Maritime’s Malcolm Latarche Car carriers are one of the more specialised vessel types and also one of the types where trade routes have limited variety to a very high degree. … more