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IHS Maritime Sea-web: Latest Maritime News
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Royal Caribbean has reported better than expected results and raised its guidance on full-year profits – which it hopes to double by 2017.  Full story >>

BW Offshore, has acquired full control of the 1975-built floating production and storage offshore (FPSO) tanker Petroleo Nautipa for $49.3M, plus $10M in working capital in the company that owns the unit.  Full story >>

Frontline, the listed VLCC and Suezmax operator in John Fredriksen's business empire, says it has terminated charters of three 1999-built VLCC tankers.  Full story >>

Concerns about increasing hijackings of small coastal tankers for their cargoes in Southeast Asian waters have been raised by the International Maritime Bureau Piracy Reporting Centre.  Full story >>

International Container Terminal Services (ICTSI) of Philippines has used a novel structure for attracting investment to create a $350M syndicated revolving credit facility.  Full story >>

Antwerp tanker operator Euronav remains upbeat about prospects for the crude tanker market despite making a $22.58M loss in 2Q14.  Full story >>

Corsicans protesting about the pollution risk posed by Costa Concordia are sending a flotilla of small boats to shadow the wreck as it passes their coast.  Full story >>

Singapore’s LNG imports more than doubled in 1H14.  Full story >>

A coastal protection project at Cowes, on the Isle of Wight, UK, has completed its second stage.  Full story >>

Singapore-listed Ezion Holdings is the top pick in offshore and marine sector for its strong, locked-in earnings growth, said Lee Yue Jer, investment analyst at DMG & Partners Securities.  Full story >>

China and Cuba signed 29 co-operation agreements on Tuesday during Chinese president Xi Jinping’s visit to Cuba, including one deal on port construction and another on nickel ore.  Full story >>

South Korea’s big three shipbuilders – Hyundai HI, Samsung HI (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) – are predicted to see a 13% increase in commercial ship orders this year.  Full story >>

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