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IHS Maritime Sea-web: Latest Maritime News
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African countries that have direct access to the sea should emulate Japan in exploiting their vast maritime resources to bolster their economic progress, International Maritime Organization (IMO) Secretary General Koji Shemizu, has said.  Full story >>

The number of people directly employed by the European shipping industry increased by 25% between 2004 and 2013, a study has found.  Full story >>

NLC Wasaline recorded a 5.2% rise in passenger numbers in 2014 to nearly 162,000, while freight, consisting of ro-ro and special cargo, went up 5%.  Full story >>

Danish Ship Finance, the Copenhagen-based shipping bank, trebled its 2014 net profit as it was able to reverse impairment charges booked in previous years.  Full story >>

India’s state-run Shipping Corporation of India (SCI) said it would start ordering new ships, lifting a two-year freeze on acquisitions following a dismal financial performance in the last four years.  Full story >>

A recovery in freight rates has helped the valuation of container ships to increase on the second-hand market, while the balance between tonnage supply and demand remains delicate, a senior shipping analyst said.  Full story >>

Chinese shipyard Taizhou Maple Leaf Shipbuilding has won an order for two bunkering tankers from compatriot shipowner China Marine Bunker Supply, Dalian Branch.  Full story >>

Croatian shipyard 3 Maj, which is owned Uljanik Shipbuilding, has won an order for two Handysize self-unloading bulkers from Canadian shipowner Algoma Central.  Full story >>

The European Commission (EC) has vowed to call on the IMO at a meeting in London tomorrow to pressure port authorities and flag states to more closely monitor their ship traffic for illegal migration.  Full story >>

The enhancement of Singapore’s Maritime Sector Incentive (MSI) is likely to benefit offshore sectors and container liners, said Lim Peng Huat, director of Singapore-based integrated business solution provider Complete Corporate Service.  Full story >>

Disruptions at American West Coast docks over the past two months will take a heavy toll on US container trades in 2015, according to JOC-IHS economist Mario Moreno.  Full story >>

Singapore-listed Norwegian offshore vessel builder Vard will improve in its net cash position despite a gloomy order outlook, CIMB Securities analyst Yeo Zhi Bin told IHS Maritime today.  Full story >>

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