• Shipbroker: Don't rush to build oil tankers

    Despite the positive sentiment surrounding oil tanker freight rates, caution should be exercised before building new ships, Italian shipbroker Banchero Costa cautioned. The tanker market has continued its strong performance in the first half of 2015, riding on positive sentiment. Very large crude

  • SHI: No confirmation on Sungdong management

    South Korean shipbuilder Samsung Heavy Industries (SHI) told IHS Maritime that it has not made any decision as to whether it will take over the management of mid-tier shipbuilder Sungdong Shipbuilding & Marine Engineering. The South Korean media has reported that Sungdong's major shareholder and

  • Nordic American buys two Suezmaxes for USD122 million

    Nordic American Tankers (NAT), the US-listed Suezmax owner that is managed from Norway, said it has agreed to acquire two Far East-built Suezmax tankers with an average age of five years for a total of USD122 million. The vessels are expected to be delivered in September and October 2015 and the

  • Wan Hai tops punctuality survey

    Taiwanese carrier Wan Hai Lines topped a survey studying liner schedule reliability of the 20 biggest lines for March-May. The survey, by Danish maritime consultants SeaIntel Maritime Analysis, put Maersk in second place. Wan Hai has shown an improved yearly performance from 2012-15, moving from

  • DS Torm publishes post-restructuring listing prospectus

    DS Torm, the listed Danish product tanker company that has just completed restructuring its business, has published a listing prospectus to shares that were issued as part of the restructuring. The prospectus covers the more than 95 million A shares with a nominal value of DKK 0.01 (USD0.0015)

  • Siem Shipping reports firmer interims, eyes new markets

    Siem Shipping, the listed Norwegian reefer and car carrier owner, says it is looking at other sectors of shipping to expand its business after reporting stronger second quarter 2015 (2Q15) and first half 2015 (1H15) interim results. Group net profit in 2Q15 rose to USD4.8 million from USD3.2

    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

  • Trial convoys pass new Suez canal

    Convoys of ships in both directions have passed through the expanded Suez Canal for the first time on Saturday 25 July. The canal has been widened and deepened, adding bypasses on its western side to enable the canal to double its daily capacity from 49 to an estimated 97 ships. The website of the

Technology Technology

  • Damen launches Maersk offshore carrier

    Damen Shipyards Group has launched subsea support vessel Maersk Connector on 23 July at its Galati yard in Romania. It is the second of the Offshore Carrier 8500 design, a new generation of cable-laying vessels developed by Damen as a flexible platform for both transport and installation work

Safety & Security Safety & Security

Ports Ports

Offshore Offshore

  • Keppel wins third FLNG conversion from Golar LNG

    Singapore's Keppel Shipyard has won a third contract worth USD684 million from Golar LNG to convert an LNG carrier into a floating LNG (FLNG) vessel. The contract, involving the conversion of LNG carrier Gandria, is the exercising of the second of two options, after the first option, involving the

Companies Companies

  • Fortescue triples ore shipments

    Australian iron ore company Fortescue Metals Group tripled its iron ore shipments during the financial year (FY) 2015, it announced on 23 July. This is despite the company criticising two other top Australian miners - BHP Billiton and Rio Tinto - for increasing output, thereby contributing to a

Markets Markets

  • South Korea's 'Big 3' shipbuilders headed for massive 2Q15 loss

    Loss provisioning and restructuring will result in big losses for South Korea's three biggest shipbuilders for the second quarter of 2015, sector analysts predict. KDB Daewoo Securities analysts Sung Ki-jong and Lee Ho-seung have pointed to the dearth of rig and drillship orders and the delays in
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
  • 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

  • A gender-fair career at sea

    25 Jul 2015

    If shipping is to increase the number of female seafarers, a change of mindset is needed as well as the right conditions From football to space science, women’s achievements in professions that have long been regarded as male-only domains are winning greater global recognition year after year. Merchant seafaring may, in time, prove to be … more

  • Staying prepared for the worst

    22 Jul 2015

    Ben Harris of small vessel liability insurer The Shipowners’ Club warns that the issues affecting ship operators in the current Mediterranean immigration crisis must not be ignored Following the tragic events that took place on 19 April, in which the deaths of 800 migrants at sea were reported, the issue of the vast numbers of … more