• Crude drop hits barge sector

    US crude production pullbacks due to lower pricing are now having a significant effect on inland barge operators like Kirby Corp. NYSE-listed Kirby has dropped its full-year profit guidance by 6-9%, citing crude production declines. According to company executives, 100-150 barges have already been

  • Exmar prepares for arrival of Caribbean FLNG

    Belgian gas carrier operator Exmar saw net profit dip to USD9.4 million during the first quarter after USD14.2 million in Q1 last year as it waits for the first revenues from Caribbean FLNG to arrive early next year. The company said that construction of the floating liquefaction and storage

  • ICTSI exits Naha Port

    International Container Terminal Services Inc (ICTSI) has offloaded its stake in Japan's Naha Port, the Filipino terminal operator said in a stock market disclosure. "ICTSI sold its 60% share in Naha International Container Terminal Inc (NICTI) in Naha in Japan, back to NICTI as treasury shares,"

  • Scorpio Tankers raises growth funds

    NYSE-listed Scorpio Tankers is selling equity to purchase even more vessels on top of its already prodigious expansion programme. The Emanuele Lauro-led product tanker specialist is selling 15 million shares priced at USD9.30/share, a 7% discount from the closing price on 29 April, just prior to

  • Update: Maersk accuses Iran of illegally intercepting ship

    Maersk has said it believes the actions of Iran in arresting the container ship Maersk Tigris in the Strait of Hormuz on 28 April is "illegal" . Speaking to IHS Maritime today, Maersk representative Michael Christian Storgaard said it was "illegal from a UN point of view to seize a commercial

  • Coroner suspects sharks killed seafarer

    A Chinese national who disappeared from a Hong Kong-registered bulker last year was probably eaten by sharks, an Australian coroner's report has concluded. Sun Peng, 30, disappeared from vessel Great Talent while off the coast of Weipa, Australia on 23 March 2014. He had been involved in a 'drunken

    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

  • Tsuneishi receives Handysize bulker orders

    Japanese shipbuilder Tsuneishi said on 30 April that it has received orders to build a number of 38,300dwt bulk carriers. The ships, to be built based on Tsuneishi's newly developed TESS38 design, would be constructed at the shipbuilder's Cebu yard. Tsuneishi, led by Kenji Kawano, said it is the

Technology Technology

  • AVIC International, Deltamarin venture into EPC business

    Singapore-listed Chinese shipbuilding group AVIC International Maritime Holdings and its subsidiary Deltamarin are venturing into engineering, procurement and construction (EPC). Their joint venture, called Deltamarin Floating Construction, has three core business areas -environmental products

Safety & Security Safety & Security

  • Shipping warned on Iran action against Maersk

    Maersk Shipping-related businesses could be at risk while operating in the Persian Gulf, a maritime analyst has warned. His warning comes as the United States has sent navy ships to escort US-flagged vessels through the Strait of Hormuz. Box ship Maersk Tigris was arrested by the Iranian

Ports Ports

  • South Korea further expands Busan port

    Busan New Port announced on 29 April that it will get an additional 15 berths to increase its annual container handling capacity by 15.8 million teu. The South Korean government will oversee the expansion, which will comprise container terminals, feeder terminals, and multipurpose terminals. Work

Offshore Offshore

  • Kim Heng Offshore profit drops 72% in 1Q15

    Singapore-listed offshore services provider Kim Heng Offshore & Marine Holdings (Kim Heng Offshore) posted a profit drop of 72% year on year to SGD1.105 million (USD0.83 million) for the first quarter ended 31 March 2015. The decline contrasted with its profit of SGD3.89 million in the first

Companies Companies

  • Pan Ocean's profit rockets by 208.5%

    South Korean bulker operator Pan Ocean said on 30 April that its first-quarter 2015 profit surged 208.5% year on year to KRW116.73 billion (USD106 million). The company, which went into receivership in June 2013 after incurring debts of over USD5 billion, is in the process of being acquired by

Markets Markets

  • Euronav celebrates best quarter since 2008

    Antwerp-based tanker operator Euronav has posted its best quarterly results since Q3 2008 with first quarter profits up from USD1.37 million last year to USD80.85 million this year. Chief executive Paddy Rogers responded ebulliently to the company's improved results, which follow an USD45.80
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  • No let-up for Panama dredging team

    02 May 2015

    The Panama Canal’s internal dredging division continues major upgrades to its navigation channel, reports IHS Maritime’s Michele Labrut Activity remains as intense as ever at the Panama Canal Authority (ACP) dredging division. In December 2014, the division finished the widening of the navigation channel at the Gaillard Cut from 192 m to 218 m, excavating … more

  • Maritime movers

    30 Apr 2015

    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 St Peter Line appoints Finnish international sales expert Russian ferry company St Peter Line (SPL) has recruited Hanna Tiitola as sales and marketing director for Scandinavia and Europe. Tiitola … more

  • 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