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China's First

Chinese Yards to Build More LNG Tankers

Chinese shipbuilders are gearing up to build liquefied natural gas (LNG) tankers as the government approves more projects to import the fuel. China's first home-built LNG tanker will be completed in November by Shanghai's Hudong-Zhonghua Shipbuilding Co, which has orders for three more at about $200 million apiece. Another three Chinese shipmakers are ready to build the tankers, the most complex and expensive type of cargo carrier. Next month, China will receive its first cargo of LNG in Guangdong from Australia amid plans to double gas use by 2010 to curb coal pollution. The country is developing its domestic shipbuilding industry to secure transportation of imported raw materials for the expanding economy. China's shipyards plan to double capacity by 2010 as they compete with rivals in South Korea and Japan for market share. Shipowners spent $71.5 billion on new vessels last year, 6.3 percent less than in 2004, as record prices curbed orders for container ships, dry-bulk carriers and tankers. (Source: Bloomberg)


CNOOC Pairs with Husky to Explore Deep Water Oil

CNOOC Ltd.’s unlisted parent company plans to start deep water oil and gas exploration in the South China Sea with Canada's Husky Energy Inc. next year, according to AP report. If the scheduled exploration finds sizable reserves in a bloc in the South China Sea about 185 miles south of Hong Kong, it will be China's first deep water oil and gas field. CNOOC's parent company is currently restricted to pumping oil and gas offshore at no deeper than 350 m


ROC Navy to Have First Female Warship Captain

A young naval officer will soon become the Republic of China's first female warship captain after completing a series of stringent training and grueling tests. Naval Lt. Commander Hsieh Ai-chieh, 30, will set a precedent in the Navy of the Republic of China to lead the 500-ton domestically-developed Chinchiang-class auxiliary warship. Hsieh, growing up in central Changhua County, passed her opportunity to enter one of the top universities in 1944.


Chinese Ship Sales Legally To Taiwan

More than half a century of family division ended in hugs and tears of joy on Tuesday after the first mainland Chinese ship to sail legally to Taiwan since 1949 arrived at the heavily-fortified island of Quemoy. The China-registered Gulangyu, or Piano Island, docked to be welcomed by the sounds of gongs, drums and firecrackers, in another sign of rapprochement efforts between the long-term adversaries. Aboard the passenger ferry were 80 elderly Quemoy natives stranded on the mainland since


China's First LNG-powered Tugs to Have Wärtsilä Engines

Wärtsilä 34DF Engine: Photo credit Wärtsilä

Wärtsilä to supply dual fuel main engines for two environmentally sustainable tugs being built by China National Offshore Oil Corp subsidiary The tugs are being built for CNOOC Energy Technology & Services Limited (CETS), a subsidiary of the state-owned China National Offshore Oil Corp. (CNOOC). The vessels are the first in a planned series to be fuelled by liquefied natural gas (LNG), and will be the first tugs in China ever to be operated on gas


China Chooses Xian as Nation's First International Hub Port

China logistic network: Schematic courtesy of Xian Hinterland International Transit

Shaanxi province plans to build China's first hinterland international intermodal transit hub port to link the overland international freight route [see map] which they dub a new 'silk road', reports Xinhua. The proposed Xian Hinterland International Transit Hub Port will focus on international logistics transit business and develop itself into a strategic pivot offering services between China's east coastal and western regions.


China's Shipbuilding Industry Sees Rapid Growth

China's shipbuilding industry continues to grow rapidly with shipbuilders getting new orders totaling 16.08 million deadweight tons in the first half of the year, a 113-percent rise over the same period last year, the National Development and Reform Commission (NDRC). The NDRC said shipbuilders hold total orders of 50.92 million deadweight tons in the first half of the year with an increase of 43 percent, accounting for 20 percent of the world's market share


MCC Transport’s New Weekly Indonesia to Japan Service

MCC Transport launched of a new weekly Indonesia - Japan Service (TS4) that links the ports of Indonesia directly with those in Japan, Taiwan and South China. The TS4 service goes on a 28 days rotation, covering the following ports: Tokyo (Japan), Yokohama (Japan), Nagoya (Japan), Osaka (Japan), Kobe (Japan), Keelung (Taiwan), Taichung (Taiwan), Kaohsiung (Taiwan), Hong Kong (China), Shekou (China), Jakarta (Indonesia), Surabaya (Indonesia), Shekou (China), Hong Kong (China)


China Province Starts Taiwan Direct Shipping Route

North China's Hebei Province recently opened the first direct cargo route to Taiwan when a cargo of 36,000 tonnes of coal left Qinghuadao Port for Taiwan Direct trade routes between China & Taiwan have been frozen for a number of years. The Wuxing 6 bulk carrier left Qinghuadao Port, China's largest coal transfer port, for the Taitung and Kaohsiung ports in Taiwan, Tuesday marking the first cargo shipment between Hebei and Taiwan.


China Shipbuilding Activity Tumbles

China's shipbuilding industry faces a severe test in today's sluggish global market China's shipbuilders finished 22.53 million dead weight tons of shipbuilding orders in the first five months this year, a decrease of 10.1 percent year-on-year. New ship orders amount to 9.54 million DWT, a fall of 47.3 percent year-on-year. The total industrial output value of China's shipbuilding industry reached 240.6 billion yuan ($38


Little Change in Overall Shipping Confidence

freight.jpg

Little change occurred in the latest monthly Stifel Logistics Confidence Index. Slipping only 0.1 points from 57 in March to 56.9 this month, the overall index did however favor improvements in the present situation increasing 1.6 points to 51.8


UN Seeks Sanctions Waiver to Ship Arms to Mali

The United Nations is seeking an exemption from a U.N. Security Council arms embargo on Ivory Coast so it can ship weapons and military equipment across the East African nation to its peacekeeping mission in landlocked Mali, a spokesman said on Thursday.


Beijing's bid to move polluting firms adds pressure on nearby regions

China's capital has ordered more than 50 companies to shut down this year in an effort to cut pollution but pushing factories out could raise objections in surrounding areas reluctant to host Beijing's polluters. Smog-shrouded Beijing and the surrounding province


Schlumberger Announces Q1 Results

Paal Kibsgaard

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.57 billion in the first quarter of 2013. Income from continuing operations attributable to Schlumberger


Debt-Laden Bulk Shipper to be Liquidated

A Chinese court has ordered a unit of debt-laden dry bulk goods shipper Chang Jiang Shipping Group Phoenix Co Ltd to liquidate its assets, displaying further evidence of the troubles faced by the country's beleaguered shippers.   The unit


Philippine, Vietnamese Navies To Unite Against China

  Philippine navy will soon return to a South China Sea island it lost to Vietnam 40 years ago to drink beer and play volleyball with Vietnamese sailors, symbolising how once-suspicious neighbours are cooperating in the face of China's assertiveness in disputed waters.


IMF April Update Sees Lower Global GDP Growth

Recovery strengthens, remains uneven The message from the IMF is clear: The global recovery is still fragile despite improved prospects, and significant downside risks—both old and new—remain. Recently, some new geopolitical risks have emerged.


Nanjing Tanker To Be Delisted, First By Central Gov't Backed Firm

 Loss-making shipping company Nanjing Tanker Corp will be delisted from the Shanghai Stock Exchange after a five-day grace period, marking the first time for a company backed by the central government to be dropped from a domestic exchange.  


China denies naval snub for Japan over fleet review

China's navy on Tuesday denied, in a roundabout way, that it snubbed Japan by not inviting it to join in a naval fleet review as part of an international symposium, saying the two events had never been linked in the first place. U.S. officials have said the United States was invited to join the


Med Urals Market Awaits Short May Loading Schedule

Activity in the Russian Urals crude market froze on Tuesday as traders said they were awaiting the first loading dates for May for signs of how much supplies from the world's top oil producer could fall next month. Traders said they anticipated lower exports from Russia in May as several major


China crude oil output up

China's refinery crude throughput in March rose 2.6 percent from a year earlier to 41.92 million tonnes, or 9.87 million barrels per day (bpd), data from the National Bureau of Statistics showed on Wednesday. Daily crude runs, however, fell 5.7 percent from 10


China Shipyard Delivers Handymax Size Bulk Carrier

Bulk carrier file photo CCL

COSCO Corporation (Singapore) inform that its Dalian Shipyard in China has delivered a bulk carrier of 57000 dwt, named "GUOTOU 108", to its Asian buyer. The Handymax bulker measures 189.99 meters in LOA, 32.26 meters in breadth and 18 meters in depth. About COSCO Shipyard


Technology, Economy the Focus of New Marine Academy in China

Chinas Ningbo container port (Photo courtesy UNNC)

The Ningbo Nottingham International Academy for Marine Economy and Technology (IAMET) has been officially launched at a ceremony at The University of Nottingham Ningbo China (UNNC). A partnership between The University of Nottingham, Wanli Education Group and Ningbo Municipal Government


China Homeport for Latest Giant RCI Cruise Ship

Quantum of the Seas: Image credit RCI

Royal Caribbean International says that its latest cruise ship, 'Quantum of the Seas', will make its home port in Shanghai (Baoshan), China The ship will reposition to China in May 2015, following her inaugural winter season sailing out of New York Harbor to the Caribbean.


Latest Shipbuilding Contracts Include VLCC Order for Philippine Yard

File image CCL3

In the latest Clarkson Hellas S&P Weekly Bulletin newbuilding orders are reported in Far East shipyards for a range of vessels as follows: Bulk carriers Clarkson Hellas understand that Golden Union have declared options for three further 81


 
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