• Osaka’s cargo traffic tumbles in March

    Cargo traffic at Osaka port, western Japan, plunged 14.2% in March from a year earlier to 6.83 million tonnes as both domestic and foreign trade sank at double-digit rates, according to early figures released by the Osaka municipal government on 30 June. Of the 6.83 million tonnes, 2.883 million

  • Manson awarded LA box terminal contract

    Los Angeles has awarded a USD44.6 million contract to Seattle-based Manson Construction to expand Yusen Terminal's container operations at the port. The project includes deepening Yusen's berths and upgrading its wharf to allow Yusen to accommodate larger post-Panamax containerships in the

  • Boskalis JV EUR500 million Veja Mate wind farm contract

    In partnership with VolkerWessels (Volker Stevin International), Royal Boskalis Westminster has won a contract from Veja Mate Offshore Project GmbH. The contract is for for the design, procurement, fabrication, supply, transportation, installation, and testing of 67 foundations for the Veja Mate

  • Exmar, Flex, and Geveran merge LNG interests

    Exmar, the listed Belgian gas carrier company and Geveran, a company controlled by John Fredriksen, plus Flex LNG, an Oslo listed company in which Geveran has a 82% stake, have decided to merge their LNG interests, Flex LNG said in a statement. Flex LNG, which is headquartered in London, will

  • Yangtze River estuary deepwater channel to be extended

    China's Ministry of Transport on 28 June announced phase II of the Yangtze River estuary deepwater channel extension project. With total investment of CNY7.3 billion (USD1.18 billion), the project, as part of the 'One Belt, One Road' initiative, is scheduled for completion in 2018. The project

  • Uni-Asia buys $18.1m box ship

    Singapore-listed ship-chartering company Uni-Asia Holdings has acquired a new vessel for approximately USD18.1 million. According to the company's filing to the Singapore Exchange, the 3,500 teu second-hand container ship will be purchased by its wholly owned Panama-incorporated subsidiary Fortuna

Ships Ships

  • TUI Cruises orders two more ships at Meyer Turku

    TUI Cruises, which is a joint venture between the German tour operating company TUI and Royal Caribbean Cruises, Ltd (RCCL), which is the world's second largest cruise shipping company, says it has ordered two ships at Meyer Turku Shipyard in Finland. "TUI Cruises GmbH and Meyer Turku Oy signed an

Technology Technology

  • Wärtsilä tunnel thruster approval

    Wärtsilä has successfully obtained a Lloyd's Register (LR) 'Type Approval' Certificate for the Wärtsilä WTT11 tunnel thruster, which means the unit will not have to undergo a design review for each individual vessel or hull number. Wärtsilä says approval certification will also mean cost savings, as

Safety & Security Safety & Security

  • Tanker, box ship collide near Tanjung Perak Port

    A liquefied petroleum gas (LPG) tanker caught fire after it collided with a container ship near Port of Tanjung Perak, Indonesia, on 28 June. Indonesia-flagged, 2008-built LPG tanker Navigator Aries was leaving Tanjung Perak port after discharging its cargo when it collided with Panama-flagged,

Ports Ports

  • Boskalis wins EUR35 million Portsmouth dredging contract

    Dutch dredging major Royal Boskalis Westminster has been awarded a contract from the Defence Infrastructure Organisation (DIO) of the UK Ministry of Defence for capital dredging of the approach channel to the port of Portsmouth. The contract is worth EUR35 million (USD39 million) and dredging is

Offshore Offshore

  • Malaysia's Yinson posts 65% drop in profit

    Malaysia-listed offshore services provider Yinson Holdings posted a profit of MYR10.74 million (USD2.85 million) for the first quarter that ended on 30 April 2015, down 65% year on year (y/y) from MYR31 million. Revenue dropped 13% y/y to MYR256.6 million in the first quarter, partly because of

Companies Companies

  • CCCC Dredging to apply for IPO

    CCCC Dredging (Group) is planning to apply for an initial public offering (IPO) at the Hong Kong Stock Exchange, according to a stock filing of China Communications Construction Company (CCCC). The China Securities Regulatory Commission has accepted the application for the IPO by CCCC Dredging,

Markets Markets

  • Hyundai yards, DSME to gain from cheaper oil

    The collapse in oil prices and the subsequent growth in oil consumption would benefit Hyundai's shipbuilders and Daewoo Shipbuilding & Marine Engineering (DSME) as they construct oil and product tankers, a sector analyst has opined. JP Morgan analyst Lee Sok-je noted that the crude tanker market
  • Fibrelight releases improved recovery cradle

    30 Jun 2015

    The Fibrelight mass casualty recovery (MCR) cradle, which is produced and distributed by CQC, has been designed to meet changing customer and safety requirements, reports IHS Maritime. These changes have come about in operations, primarily in the North Sea, and are centred on SOLAS Regulation 111/17-1. This requires plans and procedures for the recovery of … more

  • Dredging insight: China at a turning point

    30 Jun 2015

    China’s slowing economy has led to port development projects being delayed as operating companies start to leverage more powerful IT software and more focused management expertise, writes IHS Maritime’s chief analyst, Richard Clayton. This marks a turning point for the country’s port sector, Ningbo Port Group’s chief economist Tong Mengda told the Intermodal Asia 2015 … more

  • Japan’s LPG import growth squeezed

    29 Jun 2015

    Mature economy and other energy sources limit Japan’s LPG demand growth, IHS Maritime reports. Japan is the world’s biggest importer of liquefied petroleum gas (LPG), but its demand appears to have matured. Speaking at the recent IHS Asia LPG Seminar in Singapore, Astomos Energy Corporation’s deputy general manager Kentaro Harada said that growing use of … more

  • Port of refuge: myth and reality

    27 Jun 2015

    Appointing a port of refuge for salvage operations carries a series of challenges, reports IHS Maritime’s Titus Zheng. In the world of ship salvage, assignment of a port of refuge is often a sensitive topic because of the environmental impact and political issues that it involves. The International Maritime Organization (IMO) adopted two resolutions in … more