• Berenberg plots ship finance push

    Hamburg's Berenberg Bank plans to boost its marine lending business this year with support from institutional investors. Its head of international shipping, Andreas Schultheis, told delegates at yesterday's Marine Money conference in Hamburg that the bank was going to launch a debt fund for asset

  • Welder dies in barge explosion

    A welder was killed in an explosion on a barge tug in Donggala, Central Sulawesi, on 23 February. Fadli Agus, the operational head of police in Donggala, said the incident occurred in the Lolioge berth. He added that the explosion was allegedly caused by fuel leak in the fuel tank of Mawar

  • Samudera returns to profit in FY14

    Singapore-listed container carrier Samudera Shipping Line (Samudera) has registered a full-year profit of USD14.52 million for the financial year ended 31 December 2014 from a loss of USD2.05 million in FY13. Gross profit tripled to USD31.6 million in FY14 from USD9.2 million in FY13, thanks to

  • India renews exemption to vessel sharing pact

    India has renewed exemption granted to vessel sharing agreements (VSAs) among container carriers from the provisions of the country's anti-trust law for another year. The initial period of exemption ended on 10 December 2014 after a year's run. "In exercise of the powers conferred by clause (a) of

  • Knightsbridge says merged company to consolidate

    Knightsbridge Shipping, the listed dry bulk shipping company in John Fredriksen's business empire, has said it is in the final stages of merging with Golden Ocean, and that the new company plans to consolidate in the sector. "The process to merge with Golden Ocean is entering into its final stage

  • BW LPG upbeat after strong 2014

    BW LPG, the Oslo-listed VLGC operator in the Singapore-based BW Maritime group, has reported strong results for 2014 and says the outlook remains encouraging. Group net profit rose to USD65.0 million in 4Q14 from USD35.9 million in the same period last year, while revenues increased to USD182.7

Ships Ships

  • Amarcon boosts new bulkers’ fuel efficiency

    Amarcon is to deliver SEEMP-compliant OCTOPUS-Onboard fuel monitoring systems for 12 Handysize bulkers being built by Yangzhou Guoyu Shipbuilding for Pioneer Marine (Singapore). Due for delivery in 2015 and 2016, the 25,000 dwt Handysizes have a Green Dolphin design, intended to reduce fuel

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

  • Thai hostages released by Somali pirates

    The four remaining Thai crew of the fishing vessel held in captivity for nearly five years have been released. The men were taken hostage when the Taiwan-flagged vessel, the FV Prantalay 12 on the 18 April 2010. Speaking to IHS Maritime from Nairobi, Kenya, Roy Paul, director at the Maritime Piracy

Ports Ports

  • US approves LA port partnership

    America's biggest container port complex will get more latitude to address major congestion issues with new approvals granted by the US Federal Maritime Commission (FMC). The agency on 26 February expedited an amendment to a 2013 agreement between the ports of Los Angeles and Long Beach. The

Offshore Offshore

  • Maersk takes early delivery of new jack-up

    Maersk Drilling has taken delivery of its third XL Enhanced ultra-harsh environment jack-up rig named Maersk Integrator ahead of schedule. The Keppel FELS built unit is the third in the series of four jack-ups ordered by Maersk between 2011-2013. The total investment in all four jack-ups is USD2.6

Companies Companies

  • MSC to start new Australia Express service

    Mediterranean Shipping Company (MSC) this week announced a new Australia Express service, linking Australian ports directly with Europe, India, the Middle East, and Pakistan. The new service will eliminate transhipments out of Singapore, and its first sailing will be made by SCT Zurich out of

Markets Markets

  • KG fleet consolidation bound to gain momentum

    Germany's KG ship fleet is expected to consolidate faster this year after a slowdown in sales and management changes last year. Many shipowners, fund managers and analysts agree that the industry must brace for another round of forced sales this year, driven by shipping banks like Commerzbank and
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  • 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

  • Upgrade for Port of Santos

    22 Feb 2015

    Dredging and infrastructure upgrade to alleviate pressure at Brazil’s key cargo gateway of Santos is finally progressing, reports IHS Maritime’s RT Watson For the port of Santos to serve container ships larger than 9,000teu, channels must be dredged to a depth of more than 15m in a programme overseen by Brazil’s ministry of ports (SEP). … more

  • Indonesia’s Mr Logistics

    21 Feb 2015

    Richard Joost Lino, CEO of Pelindo II, tells IHS Maritime’s Lily Bertha Kartika he is pushing larger vessels to bring down high port costs Richard Joost Lino, who has been chief executive officer at Indonesian port operator Pelindo II since 2009, has made it his mission to revamp that sector. Inefficient ports and infrastructure have … more