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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

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April 29, 2015IHS Maritime 360

Team Tankers ‘optimistic’ about market outlook

Team Tankers, the Oslo-listed chemical carrier group previously known as Eitzen Chemical, expects the sector to enjoy gradual improvement in the balance between the supply of tonnage and the demand for it.
“Subject to moderate global GDP growth, the company expects the supply/demand balance for

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April 29, 2015IHS Maritime 360

CSICL’s profit falls 47% in 1Q15

Shanghai-listed China Shipbuilding Industry Company Limited (CSICL) said its profit fell 47% year on year (y/y) to CNY385.4 million (USD62.2 million) in the first three months of 2015 as a result of higher raw material and labour costs.
The flagship listed unit of China Shipbuilding Industry

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April 29, 2015IHS Maritime 360

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

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April 29, 2015IHS Maritime 360

China Shipping Development profit surges 27% in 1Q15

Shanghai-listed China Shipping Development (CSD) posted a profit of CNY65.9 million for the first quarter of 2015, surging 27% year on year (y/y) from its 2014 profit of CNY51.9 million.
During the review period, the company recorded an 8.5% y/y drop in its revenue to CNY2.9 billion.
Its 16 very

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April 29, 2015IHS Maritime 360

Vietnamese Navy Buys Land Attack Missiles

By Reuters 2015-04-30 03:13:06 Vietnam is arming its expanding submarine fleet with land attack missiles that could be capable of reaching Chinese coastal cities, a choice of weapon likely to be seen as provocative by China in the ongoing South China Sea dispute. The independent Stockholm International Peace Research Institute (SIPRI) recently updated data on…

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April 29, 2015Maritime Executive

WORLD FISHERIES DAY – SRI speak at the FAO

December 5, 2016 5:58 pm

On World Fisheries Day (21st Nov 2016), Professor Hance Smith represented SRI at a special event hosted by the Food and Agriculture Organization of the United Nations (FAO) at the... Read more →
SRI launch new film to raise awareness of abandonment of seafarers

June 24, 2016 12:46 pm

In the run up to the International Day of the Seafarer on June 25, 2016, SRI has released a short hard-hitting film designed to raise awareness of the ever present... Read more →
How Apps Are Improving Seafarer Welfare Onboard Ships

May 16, 2016 3:28 pm

Since the launch of our app in December, 2014, we’ve been encouraged by others who are following suit to improve the access to information given to seafarers while at sea.... Read more →
SRI LAUNCHES GLOBAL STUDY INTO THE EFFECTIVENESS OF THE IMPLEMENTATION AND ENFORCEMENT OF THE MARITIME LABOUR CONVENTION

April 26, 2016 11:04 am

As the third anniversary of the entry into force of the Maritime Labour Convention 2006 (MLC) approaches, Seafarers’ Rights International (SRI) is embarking on a comprehensive study on the effectiveness of the Convention. The study has been commissioned by the International Transport Workers’ Federation. It will be an in-depth and... Read more →