• XMH acquires 80% stake in ZPA

    Singapore-listed marine engine and solutions provider XMH Holdings has completed the acquisition of 80% stake in Z-Power Automation (ZPA) for SGD12.8 million (USD9.37 million). XMH stated in its filing to the Singapore Exchange that the company has finished the transfer of 80% stakes from BH Global

  • Pacific Radiance forms another JV company

    Singapore-listed offshore services provider Pacific Radiance has entered a joint venture (JV) agreement with Jiangsu Zhenjiang Shipyard group to own Radiance ZJ, a company incorporated in Singapore with an initial share capital of USD2. This JV marked the second company being jointly established by

  • Shagang Shipping liquidated upon creditors' application

    Hong Kong-based Shagang Shipping has entered liquidation process in Hong Kong upon applications of its creditors. The company was established in 2004 and involved in bulk shipping, document of the Hong Kong Companies Registry showed. It was not stated which creditors had demanded the liquidation

  • EU shipping bodies seek action on customs

    Leading EU shipping industry bodies today called on the new European Commission to streamline customs procedures and port services to help them benefit from the internal market for shipping. In a joint statement issued to coincide with the first European Shipping Week, seven industry bodies asked

  • Migrant ‘tide wave’ swamping sea rescue: IMO head

    IMO secretary general Koji Sekimizu warned today that sea rescue services are being overwhelmed by a "tidal wave" of migrants across the Mediterranean, the Red Sea, and the Pacific. The scale of migration is putting unsustainable pressure on coastal states, rescue services, and the shipping

  • Panalpina ramps up ocean freight business

    Panalpina has promised investors it will continue to outperform the global freight management market. In 2014 results presented on 4 March, Panalpina's ocean container bookings climbed 7% to 1.6 million teu, outpacing loaded container traffic's estimated 4-5% market growth, according to the

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

  • Maersk grounding not due to engine: AMSA

    The Australian Maritime Safety Authority (AMSA) today ruled out mechanical failure as a factor in the grounding of Maersk Garonne in Fremantle on 28 February. AMSA inspected the container ship at anchorage and divers examined the hull before the vessel was cleared to return to port for stevedoring

Ports Ports

  • Port chaos to slam US container growth

    Disruptions at American West Coast docks over the past two months will take a heavy toll on US container trades in 2015, according to JOC-IHS economist Mario Moreno. Moreno, speaking at JOC's 15th annual TPM conference in Long Beach, California, on 2 March, slashed his forecast for US containerised

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

  • China lacks iron ore demand for its Capesizes

    Although China consumes about 18 Capesize-loads of iron ore per day, the supply of ships is such that the demand is insufficient to create profitable freight rates, said London-based shipbroker ICAP Shipping. ICAP Shipping said, "The sharp drop of the iron ore prices has benefited the profit and
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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