The seasonal surge in iron ore shipments in the second quarter of 2015 may provide some relief for the battered Capesize sector. As bunker prices rose, shipowners pushed for higher rates, resulting in ...
Capesize rates may see support in 2H15
U.S. Toughens South China Sea Stance
By Reuters 2015-05-14 00:05:22 U.S. Secretary of State John Kerry will leave China "in absolutely no doubt" about Washington's commitment to ensuring freedom of navigation and flight in the South ...
World’s First Fuel Cell Drone Unveiled
By MarEx 2015-05-13 23:50:44 Singaporean company Horizon Energy Systems (HES) unveiled HYCOPTER in Atlanta (AUVSI 2015) last week. HYCOPTER is the world's first hydrogen fuel cell powered ...
Causeway Bay Typhoon Shelter dredging starts
Dredging operations have started in Causeway Bay Typhoon Shelter in Hong Kong, according to a notice of Hong Kong Marine Department. The operations will be completed in approximately two months. The ...
New competition seeks to tackle maritime risk
Seafarers have been invited to take part in a new competition based on the risks they face, with a prize fund of USD10,000. In an initiative said to be the first of its kind in the industry, The ...
China’s LPG imports hit record high in 1Q15
China imported a record high 2.085 million tonnes of LPG in the first quarter of 2015, a sign that its propane dehydrogenation (PDH) plants are finally having an impact on LPG trade. China began ...
Asia-Pacific Ship Detentions Declining
By Wendy Laursen 2015-05-13 20:48:18 The Tokyo MOU reports that the number of ship detentions in the Asia-Pacific region has declined. The analysis, published its Annual Report on Port State Control ...
Petrobras to Export 50 Percent More Oil
By Reuters 2015-05-13 20:00:54 Brazil's state-run oil company Petrobras on Wednesday estimated nearly 50 percent growth in oil exports in 2015, thanks to new offshore output and as its refineries ...
Costa Concordia’s Million Dollar Recycling Plan
By Wendy Laursen 2015-05-13 19:36:14 The wreck of the Costa Concordia has arrived at its final destination and is ready for final dismantling, a job expected to take over a year and cost EUR 100 ...
Strike hits Callao port
Port workers have begun an "indefinite" strike at the general cargo facility in Callao, Peru operated by APM Terminals (APMT). APMT spokesperson Tom Boyd confirmed to IHS Maritime that the labour ...