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IHS Maritime Sea-web: Latest Maritime News
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BW LPG, the VLGC carrier in the BW Maritime group of Singapore listed in Oslo, has reported a deep loss for the second quarter of 2016 (2Q16) after booking an impairment charge of USD55 million against its fleet.  Full story >>

The reign of container terminals as profit leaders in supply chains is under pressure as poor throughput growth, excess capacity and declining revenue become an increasingly common story.  Full story >>

Several Asian shipbuilders are downsizing their payrolls amid slow economic growth and slacking shipbuilding industry.  Full story >>

I.M. Skaugen, the listed Oslo-based owner of small gas carriers, says it remains cautiously optimistic about the future as trading opportunities in the long-haul markets should gradually improve, although it reported deepening of interim losses.  Full story >>

There is a clear upward trend in Asia-Europe freight rates this year since the record lows of March.  Full story >>

Complementing the world’s largest fleet of dedicated reefer vessels, the first of six reefer container ships ordered from Yangfan Shipyard in China is set to enter the Seatrade Group’s expanding trading network.  Full story >>

Singapore-listed Norwegian shipbuilder VARD said on 26 August that it has secured orders for two cruise ships from Hapag-Lloyd’s cruise arm.  Full story >>

A number of very large gas carriers (VLGCs) loaded with LPG have been anchored off Singapore amid a worsening oversupply of fuel.  Full story >>

China COSCO crashed to a USD1 billion loss in the first half of 2016 as huge government subsidies for scrapping ships dried up and losses from the disposal of divisions as part of the restructuring process were recorded.  Full story >>

Details of the liquidity plan that Hanjin Shipping submitted to its main creditor Korea Development Bank on 25 August have been revealed.  Full story >>

H-Line Shipping, the South Korean shipping firm created from the acquisitions of dedicated bulk businesses of Hanjin Shipping and Hyundai Merchant Marine (HMM), is replacing its ageing fleet.  Full story >>

Singamas Container Holdings, the world’s number two container maker, slumped to a USD38 million loss in the first half of 2016 as weak demand for new boxes and liner consolidation dragged down prices.  Full story >>

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