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IHS Maritime Sea-web: Latest Maritime News
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Captain Claus Hyldager, chief executive of Inchape Shipping Services (ISS) for the last nine years, is unexpectedly leaving his post.  Full story >>

Bulker demolitions are poised to dwindle amid a "perfect storm" of cheap steel, improved freight rates, and monsoon weather, says Khalid Hashim, managing director of Thailand-based dry-bulker Precious Shipping.  Full story >>

French offshore vessel operator Bourbon has taken 26 supply vessels out of service amid the continuing slump in offshore oil and gas activity.  Full story >>

FSL Trust Management (FSLTM) posted a profit of USD6.15 million for the second quarter ended 30 June 2015, up 516% year on year on higher revenue.  Full story >>

Seoul Central District Court ruled on 3 August to start rehabilitation proceedings for Korean shipping company Samsun Logix.  Full story >>

PACC Offshore Services Holding (POSH) posted a 49% year-on-year slide in profit to USD6.1 million for the second quarter of 2015, despite increasing its revenue.  Full story >>

Hutchinson Ports Holdings (HPH) is embroiled in industrial unrest on two fronts over plans to slash its workforce and cut costs.  Full story >>

Singapore-listed shipbuilder Yangzijiang Shipbuilding Holdings’ profit for the second quarter of 2015 shrank 17% on a year ago despite higher revenue contribution for the period.  Full story >>

Shenzhen-listed Sainty Marine on 3 August announced the appointment of Zhang Shunfu as its chairman.  Full story >>

The search for debris from the missing Malaysia Airlines flight MH370 has been extended to the southwest Indian Ocean.  Full story >>

Singapore-listed offshore services provider Swiber Holdings has clinched a USD80 million pipeline contract for a Latin American-based global energy company.  Full story >>

Orient Overseas (International) (OOIL), the parent company of Orient Overseas Container Line (OOCL), has sold and leased back three 8,063 teu container ships to raise a total of USD157.6 million.  Full story >>

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