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IHS Maritime Sea-web: Latest Maritime News
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Saudi Arabia’s Bahri has announced a sharp fall in profits due to lower spot rates and increased bunkering costs, in results that will accentuate the gloom surrounding the outlook for tankers.  Full story >>

China State Shipbuilding Corp (CSSC) received RMB117.59 million (USD17.1 million) worth of subsidies over the first half of this year, the company has reported.  Full story >>

International Container Services Inc (ICTSI) of the Philippines has reportedly submitted a bid to develop and operate the Port of Bissau in the West African country of Guinea-Bissau.  Full story >>

Samsung Heavy Industries (SHI), South Korea’s second-largest shipbuilder, is set to suspend work on a floating dock as new orders continue to be hard to secure.  Full story >>

India's ABG Shipyard has moved a step closer to being consigned to history, after its creditors applied to have the Ahmedabad-based cash-strapped group liquidated.  Full story >>

From its humble beginnings in Hong Kong in 1974, Anglo-Eastern Ship Management is now among the top three ship managers in the world, controlling a fleet of 630 vessels.  Full story >>

The US Coast Guard’s (USCG’s) new cyber risk guidance is aimed specifically at ports, but vessel operators will indirectly benefit from the measures, according to an operator group.  Full story >>

Take-up of the Lloyd’s Open Form has steadied, but debates about its future are ongoing.  Full story >>

Rickmers Maritime, which had ambitious plans to expand following an oversubscribed initial public offering in 2007, will be delisting from the Singapore Exchange.  Full story >>

Singapore-listed Mermaid Maritime announced on Friday (21 July) that it had won two subsea contracts worth an estimated USD4.6 million in total.  Full story >>

The South Korean government’s recently incorporated ship finance company Korea Shipping & Offshore, is expected to finance Hyundai Merchant Marine’s (HMM’s) VLCC newbuildings  Full story >>

Singapore has invested in new satellite technology that will enhance its maritime and aeronautical search and rescue (SAR) capabilities.  Full story >>

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