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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 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 lends Argentina $7.5 bln for Power, Rail Projects

Argentine President Cristina Fernandez and her Chinese counterpart, Xi Jinping,

  Argentina signed deals on Friday to borrow $7.5 billion from China at a time when the Latin American country cannot tap global capital markets because of disputes over unpaid debt. Among the deals signed, Argentine President Cristina Fernandez and her Chinese counterpart, Xi Jinping, agreed on a loan for $4.7 billion from the China Development Bank for the construction of two hydroelectric dams in Patagonia


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


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


SINOPACIFIC’s Design SPP17A Secures First Order from Mexico

SINOPACIFIC’s In-house Design SPP17A Secures First Order from Mexico

  Sinopacific Shipbuilding Group (SINOPACIFIC), has recently signed a contract with a Mexican shipping company, Naviera Petrolera Integral S.A. de C.V. for the construction of 3 (three) SPP17A vessels. All vessels will be built in SINOPACIFIC’s Zhejiang Shipyard and are expected to be delivered before the end of 2015. Following that, the new vessels will be used by PEMEX, Mexico’s largest governmental owned oil company


US Sets Import Duties on Containers from China

Photo courtesy of the Port of Los Angeles

The U.S. Commerce Department on Thursday set duties on imports of rail and road transport containers from China after finding the goods were sold below cost in the United States. Under the department's preliminary decision, 53-foot domestic dry containers will face anti-dumping duties of up to


Deepwater Semi-Sub COSL Prospector Delivered

COSL Prospector

COSLProspector, the fourth deep-water semi-submersible drilling rig built by CIMC Raffles for China Oilfield Services Limited (COSL), has been delivered in Yantai, Shandong Province. It represents another milestone for China’s deep-water drilling rig going into the global mainstream market


China Building Island Big Enough for Airstrip

Satellite images show China is building an island on a reef in the disputed Spratly Islands large enough to accommodate what could be its first offshore airstrip in the South China Sea, a leading defense publication said on Friday.   The construction has stoked concern that China may be


Venezuela Ships First Crude Mixed with Algerian Oil to China

Venezuela is sending its first shipment of crude mixed with Algerian light oil to China, according to state oil company PDVSA and traders.   Venezuela recently started importing Saharan Blend from Algerian state-run Sonatrach to dilute its extra heavy crude from the Orinoco oil belt


World Maritime University Graduates Largest Class

Photo: WMU

On Sunday, November 2, the Chancellor of the World Maritime University (WMU) and IMO Secretary-General Sekimizu conferred postgraduate degrees on the WMU's Class of 2014. Compiling the largest class in the 31-year history of WMU, 124 students graduated from the Malmö-based M.Sc


China Snaps Up 250MB in Euro Gasoline Stocks

China has bought around 250,000 tonnes of gasoline and blending components from Europe in recent days as the world's top energy consumer mops up oil products, traders said on Tuesday. China's plan to levy a hefty consumption tax from January on blending components for gasoline is believed to be


Scorpio Bulkers Announces $39.6m Loan Facility

Scorpio Bulkers, Inc. received a commitment from ABN AMRO Bank N.V. for a loan facility of up to $39.6 million to finance up to 60% of the market value upon delivery of two Kamsarmax vessels currently under construction at Tsuneishi Zhoushan Shipyard, China for delivery in Q3 2015 and Q1 2016.


COSCO Chairman Expects Shipping Slump to Persist

 Ma Zehua (Photo: COSCO)

The global shipping market is unlikely to see a recovery during the next two years as it grapples with an oversupply of vessels, the chairman of China's largest shipping group said on Wednesday. The sector has been battling overcapacity since the 2008 financial crisis because new vessels


Wärtsilä Dual-Fuel Solution for Icebreaking LNG Carriers

Depiction courtesy Wartsila

The Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea has ordered a total of 54 Wärtsilä dual fuel engines to power 172,600 cbm icebreaking LNG carriers being built for use in arctic conditions to serve the Yamal LNG project in Northern Russia.  


TURBOMED Opens Service Station in Shanghai

Photo: TURBOMED

TURBOMED S.A. has established a new service station in Shanghai, China as a move to expand its presence in the worldwide marine industry. Furthermore, Yiannis Paraskevopoulos, Owner of TURBOMED S.A., decided to instate in Shanghai a Greek mechanical engineer, Nikos Paraskevopoulos


MAN Diesel & Turbo Bags Chinese Ferry Orders

MAN Diesel & Turbo to supply four 9L4860CR engines for the diesel-mechanical propulsion of two passenger ferries

  MAN Diesel & Turbo has secured a contract for the supply of four 9L48/60CR engines for the diesel-mechanical propulsion of two passenger ferries for Chinese shipping companies, Huadong Ferry and Dadong Ferry. The two newbuildings are currently under construction at Huanghai Shipyard in


HHI Names World’s Largest Containership

CSCL Globe on sea trials (Photo: HHI)

The world’s largest containership was named at a ceremony held by builder Hyundai Heavy Industries Co., Ltd. (HHI) this week. The ship, named CSCL Globe, is the first of five 19,000 TEU containerships for China Shipping Container Lines (CSCL)


COSL Takes Delivery of New Semisub

COSL’s deepwater semi-submersible drilling rig COSL Prospector delivered

  China Oilfield Services Limited saw successful delivery of the deepwater semi-submersible drilling rig COSLProspector it invested in and commissioned to build in Yantai, Shandong today. This rig has adopted the latest marine engineering design concepts in the world and has mets the


CSCL’s New Containership Sets Two World Records

The 19,000-teu CSCL newbuilding during sea trials

Largest boxship undergoes tests, powered by largest engine China Shipping Container Lines Co. Ltd. (CSCL) ran sea trials from October 17-20 on its newbuilding, CSCL Globe, the first vessel in a series of five 19,000-teu, 400-meter containerships.


Australia: Maritime SAR in Asia Pacific a Priority

Defense force personnel from Australia are in China for Exercise Cooperation Spirit 2014 which begins today. The exercise aims to enhance coordination and cooperation between Australia, China and New Zealand in responding to unforeseen disasters that occur in the Asia-Pacific






 
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