• China CSSC profits surge 350% in 1Q15

    Shanghai-listed China CSSC Holdings has announced net profits of CNY124 million (USD20 million) for the first quarter of 2015. This figure, announced 24 April, represents a jump of 349.9% from the previous year and more than the total CNY44.2 million net profit for the whole of 2014. The company's

  • Think-tank shares reforms to curb Manila port congestion

    The Philippine Institute for Development Studies (PIDS) has proposed several policy and infrastructure reforms to tackle Manila ports' long-standing congestion. The government think-tank, in its policy note, has called for a directive that will divert cargoes bound for, or coming from, the south of

  • Otto Marine creditors file winding-up applications

    Singapore-listed offshore services provider Otto Marine stated in its filing to the Singapore Exchange (SGX) that its creditor has filed a winding-up application against the company with the Singapore High Court. The creditor has made separate claims of approximately USD200,000 and EUR900,000

  • Tokyo port's January cargo traffic tumbles

    Cargo traffic at Japan's largest container port Tokyo plunged 7.3% year on year (y/y) in January to 6.579 million tonnes, according to preliminary figures released by the Tokyo metropolitan government. Of the 6.579 million tonnes, 3.574 million tonnes came from foreign trade, down 10.1% y/y, and

  • China's soya bean imports to rise 15.8% by 2024

    China, the world's largest soya bean importer, is projected to import 82.66 million tonnes of soya bean by 2024, up 15.8% from 2014, according to China Agriculture Outlook 2015-24, a report released on 22 April. The country's total soya bean consumption is expected to amount to 96.71 million tonnes in

  • BLT agrees to final restructure plan

    Berlian Laju Tanker (BLT) is winding up a three-year restructuring process that will ultimately see 27 vessels rebranded as Chembulk Tankers. BLT Chembulk Group CEO Jack Noonan announced on 24 April that BLT's directors had agreed in principal to the terms with its lenders for the final phase of

    FEATURED REPORT

  • Maritime movers

    IHS Maritime profiles the latest movements by the movers and shakers: the people who make shipping happen. Please send your suggested movers and shakers to savahna.nightingale@ihs.com
  • Unlocking Iran’s crude potential

    IHS Maritime’s Greg Miller looks at how détente could present a mixture of positives and negatives for tankers

Ships Ships

  • MOL orders four car carriers

    Mitsui OSK Lines (MOL) announced that it has signed a contract with Minaminippon Shipbuilding to construct four next-generation car carriers. The vessels will be delivered in 2017 and 2018, a statement of the company said on 23 April. The capacity of each vessel is 6,800 units of standard passenger

Technology Technology

  • UK energy mix powered by gas

    The UK will have closed its ageing fleet of nuclear power stations and all its coal-fired power stations by 2025, Stephen Lovegrove has confirmed. These two sources currently account for 22% and 35% of power generation. "We are right in the middle of attracting an unprecedented amount of

Safety & Security Safety & Security

  • EU migrant resource funding 'not sufficient'

    The European Council has announced that it will triple the funding and assets of Europe's border patrol operations, but the shipping industry has responded that this will not be sufficient to tackle the mass irregular migration in the Mediterranean Sea. In statements issued from the European

Ports Ports

  • Dredging works off Hong Kong Coliseum begin

    Dredging operations are being carried out off Hong Kong Coliseum, Hung Hom, for approximately 10 months, a notice of Hong Kong Marine Department said. The dredging works that started on 23 April are being carried out by one grab dredger and one hopper barge. One tug will provide assistance. The

Offshore Offshore

  • Seacor posts $20m loss for Q1 2015

    Worsening conditions in the offshore market in the first quarter of 2015 led to a USD19.6 million loss for vessel operator Seacor. The loss, revealed on 23 April, compares with a USD40.1 million profit in the previous quarter and a profit of USD11.5 million in first quarter of 2014. In response to

Companies Companies

  • Hanjin Shipping could return to black in Q1

    Hanjin Shipping could return to the black in the first quarter of 2015 as the power of cheap oil rubs off on the company, said an analyst. True Friend Korea Investment & Securities analysts Yun Hee-do and Lee Chang-won have forecast a net profit of KRW30 billion (USD27.9 million) for first-quarter

Markets Markets

  • Philippines replaces Indonesia to be China’s top nickel trader

    The Philippines has replaced Indonesia as the biggest nickel ore exporter to China in 2015, as the result of an export ban on unprocessed nickel ore imposed in Indonesia. In the first two months, China's nickel ore imports from the Philippines jumped 25% year on year (y/y) to 1.97 million tonnes,
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
  • Putting ‘superyacht’ safety in the spotlight

    25 Apr 2015

    The application of safety regulations in the large yachting sector is complex. Captains and crew face increasing scrutiny from authorities, underlining the importance of an effective and clear safety management system. IHS Maritime’s Stephen Cousins reports The mysterious sinking of the USD39 million superyacht Yogi off the coast of Skyros in the Aegean Sea in 2012 was … more

  • Iridium broadband partners announced

    25 Apr 2015

    US-headquartered Iridium Communications has taken a big step forward in its programme to develop a new-generation broadband service, Iridium Certus, based on the capabilities of the company’s Iridium Next satellite constellation, which is being launched this year, IHS Maritime reports. After conducting a competitive process, Iridium has confirmed that it has selected four manufacturing partners … more

  • The Philippines shipbuilding boom

    25 Apr 2015

    IHS Maritime’s Richard Halfhide looks at the growth of the archipelago’s shipbuilding sector In 1989, heady with First World hubris as the Cold War drew to a close, American academic Francis Fukuyama famously asserted that civilisation had, in terms of its political and economic evolution, reached the end of history. The western liberal democratic model … more

  • Unlocking Iran’s crude potential

    24 Apr 2015

    IHS Maritime’s Greg Miller looks at how détente could present a mixture of positives and negatives for tankers The new framework agreement on Iran’s nuclear programme may be a turning point for oil sanctions and a major development for tanker demand. However, a high degree of uncertainty remains about when sanctions could be lifted and … more