Amsterdam: IHC Merwede reported a 2012 profit of $47m, less than half the $103m it made in the previous year.

Copenhagen: Maersk Tankers plans to spend up to $35m as it pushes ahead with a fuel saving retrofit programme, with the first VLCC due in a Singapore yard this month.  

Power system specialists Wärtsilä and Rolls-Royce, and shipowners Maersk and Eidesvik Offshore are amongst those spearheading the advance of electrical power on board the ships of tomorrow. Their initiatives come against a backdrop of spiralling...

New Delhi: The Indian government has dissolved Irano Hind Shipping Company, a joint venture between state-run Shipping Corporation of India (SCI) and Islamic Republic of Iran Shipping Lines (IRISL).

Seoul: HHI has won type approval for its new 35,300bhp HiMSEN H46/60V engine from nine class societies.

LNG bunkering has garnered a lot of interest in the market but use of natural gas a fuel for ships remains extremely limited. Marcus Hand looks at the whether the hurdles to widespread usage can be overcome.

Fujairah: LR Fobas forecasts 4.2% of newbuildings delivered between now and 2025 as being fuelled by LNG.

Jakarta: Indonesia-based Berlian Laju Tanker (BLT) has filed for Chapter 15 creditor protection in a US bankruptcy court on Tuesday, after it came to an agreement with creditors on 14 March to restructure its $1.9bn debt.

Cyprus’ shipowning and shipmanagement industries will survive the island’s economic turmoil according to leading players.  

London: Spirits are at a two year high in the shipping industry according to Moore Stephens' latest shipping confidence survey.