• Ernst Russ sees new for horizons Panamax box ships

    Market prospects for Panamax container vessels have substantially improved since last year's demolition push and the recent rally in charter rates is not just a flash in the pan, according to Ernst Russ Shipbroker. Demand for this ship class by liner operators will remain relatively strong and

  • Defence business drives cash-rich firms to grab yards

    Reliance Infrastructure's acquisition of shipbuilder Pipavav Defence and Offshore Engineering could be a forerunner of similar deals involving some of India's financially stressed yards. Indian companies with deep pockets will be looking to tap into USD250 billion of government-funded warship

  • JR Shipping takes over distressed feeders

    Dutch shipowner/manager JR Shipping has been tasked by ship financier Bremer Landesbank to take over the management of six distressed container feeder ships from its portfolio. The ships - Hudson River, Yellow River, Pearl River, Yangtze River, Mekong River and Amur River - are geared CV 1100 class

  • VLCC newbuilding orders relatively quiet

    Despite a contango in the oil market resulting in an improvement in fleet rates, newbuilding orders have been relatively low, according to tanker brokerage and consultancy Poten & Partners. IHS Maritime's Sea-web.com data show that there are 89 very large crude carriers (VLCCs) on order, including

  • Eitzen Chemical shareholders accept exchange offer

    The majority of shareholders in Eitzen Chemical, the listed Norwegian chemical carrier company, have accepted a voluntary offer from Team Tankers International to exchange their shares to those in the latter company. "The offer period in the Exchange Offer expired on 28 February 2015 at 06.00 CET.

  • Korean shipbuilders unlikely to lead industry recovery

    Although the global shipbuilding industry has entered a recovery period thanks to more shipbuilding orders than deliveries, South Korea's players might not benefit the most from the boom, said an analyst in a research note. Samsung Securities' Han Youngsoo said, "After shipbuilding prices plunged

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

  • MH370 search may be scaled back

    Australian parliament today (5 March) marked the first anniversary of the disappearance of MH370, hinting that the search could be wound back in coming months. Sunday 8 March will mark one year since Malaysian airline MH370 and all 239 on board disappeared without trace. Describing the loss "as

Ports Ports

  • Australian port charge rise draws criticism

    A proposal to increase rents at DP World container terminal in Melbourne Australia by 750% has provoked a backlash, with Shipping Australia Ltd warning that some liner vessels could bypass the port. Shipping Australia Ltd, which represents foreign shipping interests in Australia, released a

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

  • Insight: Investors continue to find opportunities in shipping

    Despite setbacks in dry bulk and other sectors, investors will continue to seek and find opportunities in shipping, according Jeff Pribor, global head of maritime investment banking at Jefferies. During an in-depth interview with IHS Maritime’s Greg Miller on 28 February, Pribor – one of
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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