• Upbeat d’Amico reports strongest first half since 2008

    d'Amico International enjoyed its best first half since 2008 with group net profit rising to USD18.7 million in 2Q15 from a mere USD1.7 million in the same period last year. The Luxembourg-based listed product tanker unit in the Italian shipping group d'Amico also saw revenues increase to USD110.1

  • Non-compliant fuel usage in EU SECAs ‘rather limited’

    The use of non-compliant fuel in European Union sulphur emissions control areas (SECAs) has been "rather limited", according to data communicated to IHS Maritime by the European Commission. Following the introduction of a 0.1% limit on the sulphur content of marine fuel in the SECAs on 1 January, a

  • Sinopacific hires new CEO, COO

    Sinopacific Shipbuilding Group announced on 29 July that Jiang Qiang was named as the new CEO replacing Liang Xiaolei, and Wang Jianding will be the group's new Chief Operation Officer (COO). The company also stated that Wang Xingru will no longer serve as the company's co-CEO. Liang is the chair

  • Mitsubishi Heavy Industry's shipbuilding unit gains higher earnings for April–June

    The profit of Mitsubishi Heavy Industries' (MHIs') shipbuilding unit increased year on year (y/y) for April to June 2015. As Japan's financial year starts on 1 April, April to June marks the first quarter of the companies' financial year. The operating income of MHI's commercial aviation and

  • Five firms keen on Davao Sasa port modernisation

    Five firms have submitted pre-qualification documents to modernise Davao Sasa port, the Public-Private Partnership (PPP) Center of the Philippines said in a statement. Three joint ventures (JVs) and two single companies make up the five companies. The JVs are Asian Terminals Inc, which is working

  • CMES buys four used Valemaxes

    China Merchants Energy Shipping (CMES) has signed an agreement with Vale Shipping Singapore to acquire four used Valemaxes for an aggregate of USD448 million. The four vessels are scheduled for delivery in September 2015, a stock filing of CMES said on 31 July. CMES plans to finance the acquisition

    FEATURED REPORT

  • IMO lessons from Tokyo

    The International Maritime Organization (IMO) is looking to increase maritime awareness worldwide by introducing a range of new initiatives, writes HIS Maritime’s Richard Clayton.
  • A gender-fair career at sea

    If shipping is to increase the number of female seafarers, a change of mindset is needed as well as the right conditions.

    Photo: Researcher Momoko Kitada says reluctant shipowners are denying onboard training opportunities to women seafarers.

Ships Ships

  • Spain's Navantia yard lands four Suezmax orders

    Spanish naval shipbuilder Navantia has landed an order for four Suezmax tankers with two others on option from Spain's Ibaizabal group. Navantia, which had its civil shipbuilding and repair activity capped at 20% of revenues until the end of last year on the orders of the European Commission, will

Technology Technology

  • Singapore invites proposals for LNG bunkering

    Singapore is inviting interested parties to apply for a licence to supply LNG fuel to ships in its waters. In their submissions to the Maritime and Port Authority of Singapore (MPA), applicants must propose an LNG bunkering supply solution. This should include how the applicant will procure and

Safety & Security Safety & Security

  • Suspected MH370 wreckage found near Africa

    Aircraft experts are currently examining aircraft wreckage that could be from missing Malaysia Airlines flight MH370. The debris was found about 4,000 km from the official search zone off Australia's west coast. The 2 m aircraft wing piece known as a flaparon was discovered on the French island of La Réunion off

Ports Ports

  • New chief for Busan Port Authority

    Woo Ye-jong has been appointed as the new president of Busan Port Authority. From 31 July, Woo, 56, will begin his new appointment, succeeding Lim Ki-tack who has been elected as the International Maritime Organisation's next secretary-general. In announcing Woo's appointment, South Korea's

Offshore Offshore

Companies Companies

Markets Markets

  • Japan's 'Big Three' post higher profit for April–June

    Japan's 'Big Three' shipping companies - Mitsui OSK Lines (MOL), NYK Line, and Kawasaki Kisen Kaisha ('K' Line) - all posted a higher profit for the three months ending 30 June. As Japan's financial year starts on 1 April, April to June marks the first quarter of the companies' financial year.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
  • Saudi rival for Jeddah

    30 Jul 2015

    IHS Fairplay looks at a new kid on the Saudi block, King Abdullah Port. Peter Shaw-Smith reports A revolution is quietly under way in Saudi Arabia’s ports sector, as the first facility to be run outside government control attracts the world’s leading shipping alliance, piling pressure on the kingdom’s premier west coast port, Jeddah Islamic … more

  • Iran’s crude equation

    28 Jul 2015

    An end to Iranian sanctions offers both positives and negatives for crude tanker owners, reports Greg Miller Is the historic nuclear deal with Iran good or bad for crude tanker rates, and if so, when? The answer hinges on a complex equation that will evolve over time. There are five key variables: the timing of … more

  • IMO lessons from Tokyo

    27 Jul 2015

    The International Maritime Organization (IMO) is looking to increase maritime awareness worldwide by introducing a range of new initiatives, writes IHS Maritime’s Richard Clayton. The International Maritime Organization (IMO) chose maritime training and education as its theme for World Maritime Day this year. A symposium with that focus was held in Tokyo, on Japan’s 20th national … more

  • Ports plan has to win over the disruptors

    26 Jul 2015

    The investment outlook for India’s major ports looks positive, but the route of corporatisation threatens extensive disruption India has an 8% target growth rate for 2015/16, and a key element of this growth is infrastructure and logistics development. ‘Corporatisation’ of India’s ‘major’, or public, ports – turning them from public trusts into companies – is … more