Hyundai Mars is chartered from Zodiac
Hyundai Merchant Marine told IHS Fairplay today that discussions with five tonnage providers are still in progress, despite reports that at least two of the ship lessors have agreed to reduce charter rates.

Looming general rate increases have had a positive effect on the container spot freight market.

Five trends in shipping
IHS Fairplay’s chief correspondent, Richard Clayton, delivers his take on the trends influencing the global maritime industry.

In the year to the first week of May, 24 seafarers had been kidnapped by pirates operating in the Gulf of Guinea in six separate incidents where they boarded the vessel. Only on two occasions did they fail to kidnap any crew members.

Australian port state control has detained the bulk carrier African Alke in Brisbane after an inspection yesterday found crew were unable to properly operate the vessel's navigation system.

Aurora Balder.
Aurora LPG, the Oslo-based VLGC owner, said it has arranged financing for its final newbuiding and reported strong Q1 earnings in line with those in the same period last year.

A Hoegh LNG carrier.
Hoegh LNG Holding (HLNG), the listed LNGC (LNG carrier) and FSRU (floating storage and regasification unit) owner in Norway’s Leif Hoegh group, says it is considering converting a modern LNGC to a FSRU.

DSME's shipyard
South Korean ship builder Daewoo Shipbuilding & Marine Engineering said today that it is still in talks with an Iranian customer about offshore plant orders, but nothing has been confirmed.

Heung-A chemical tanker Global Pioneer
South Korean feeder ship and chemical tanker operator Heung-A Shipping is expanding its chemical tanker fleet.

India is taking a range of port-related actions to make trade processes more efficient and improve its ranking in the World Bank’s Ease of Doing Business survey and report.

Shandong Shipping, a state-run shipping company based in Shandong province, posted a 66.


A Chinese shipyard
NACKS is likely to be developed into the first intelligent shipyard in China, industry insiders have told IHS Fairplay.

China COSCO
Shanghai-listed China COSCO announced that Huang Xiaowen has been appointed as vice-chairman with effect from 24 May.