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Chinese Cargo Ship

China to Release Northern Sea Route Pilot Book

Arctic Navigation: File photo

The guide will offer comprehensive, practical and authoritative information for Chinese cargo ships for sailing through the Northern Sea Route, or Northeast Passage, to Europe, reports China Daily, citing Zhai Jiugang, deputy head of the Ministry of Transport's Maritime Safety Administration. The new route can save Chinese cargo ships 5,186 kilometers and nine days from the traditional voyage to Europe, which goes through the Malacca Straits and the Suez Canal. The guide elaborates on such things as the Northern Sea Route's nautical charts, sailing methods, ice-breaking providers and Arctic geography and climate, as well as laws and regulations of countries along the route, according to Wang Liangyu, a maritime mapping expert with the ministry's Donghai Navigation Safety Administration, which led the publication of the guide. According to the 'China Daily' the book's publication will make China the second country after Russia to issue an Arctic voyage guide. With the effects of global warming, the route has become more accessible for ships because the ice is melting faster. A total of 46 commercial ships went through the lane last year. Source: China Daily  


Missing Chinese Ship Confirmed Sunk

A Chinese cargo ship which was reported missing in the Bohai Sea of north China over two months ago has been found sunk in the sea with 10 people aboard missing, local maritime authorities said. The missing were unlikely to have survived, said an official with the Maritime Affairs Administration of Tianjin, a port city which is more than 70 nautical miles away from the site where the boat was found. The boat was reported missing on its way to Tianjin after it took some 500 tons of


Iran Warship Wrests Chinese Ship from Pirate Control

Chinese owned cargo ship hijacked by Somali pirates freed by Iran warship, crew rescued, fate of 9 pirates not stated All 28 Chinese crew members aboard a China-linked cargo ship hijacked by Somali pirates have been rescued, the Chinese embassy in Tehran said. The cargo ship, Xianghuamen, was hijacked by Somali pirates in the Sea of Oman near Iran's southern port of Chabahar.The vessel, registered in Panama, belongs to Nanjing Ocean Shipping company in eastern China.


Custom Ro-Pax Delivered in China

San sha No. 1 (Photo courtesy of Knude E. Hansen A/S)

The first Ro-Pax cruiser designed and built in China for the Chinese market has entered into service on January 1, 2015.   The ship, named San sha No. 1, can carry wheeled cargo, containers, trailers as well as passengers, and was delivered to China's southernmost city Sansha in Hainan Province to tackle the city's lack of transportation capacity.   The vessel is a conventional propulsion Ro-Ro Passenger vessel designed to transport vehicle and containers on a single cargo deck


Seventeen Missing after Ship Sinks off Northeastern China

Eight North Korean sailors were rescued but 17 remain missing after their cargo vessel sank Tuesday off the coast of northeastern China, the Xinhua News Agency reported. The 3,000-ton cargo ship Ryong Ak San was carrying 25 crew members and 2,900 tons of ore when it sank Tuesday afternoon off the coast of China's city of Dalian, the report said, quoting the city's maritime rescue office. The Chinese maritime authorities continue to search for the missing crew members amid strong winds that


China Refineries Enters Global Oil Trade

Graph: Clarkson Research Services

 During the last year, China’s “teapot” refiners are helping to boost China’s crude import demand and their influence is expanding, says Clarkson Research Services.   Chinese crude oil imports have historically been dominated by a handful of state-owned companies. However, since mid-2015 Beijing has started to liberalise China’s oil market, and is gradually allowing more independent refiners to process imported crude, and import crude oil directly


Seamanship Trophy Recognizes Rescue

The captain and crew of a U.S.-flag merchant vessel will receive the American Merchant Marine Seamanship Trophy for their skillful action in rescuing two mariners from stormy seas. Capt. Tom McDorr and the crew of Horizon Falcon, owned by Horizon Lines, Inc., displayed superior seamanship last year when they saved the lives of two Chinese sailors whose vessel sank in the North Pacific. The Seamanship Trophy, which recognizes extraordinary seafaring skills by American mariners


Baltic Index Touches New Record Low

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low on Monday on muted vessel demand.   The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertiliser, fell four points to 293 points. The index slid below the 300 mark for the first time on Feb. 4.   The index is yet to rise in a single session this year


Focus On China: Refineries, Pipelines And Vessel Supply

braemar.bmp

China’s demand for imported oil is, and will, continue to be one of the key influences on the tanker market, according to industry experts Braemar Shipping Services plc. Demand growth in the country has progressed at an unprecedented pace over the last decade, a pattern universally anticipated to continue. This additional demand will increase China’s dependence on imported crude with beneficial knock-on effects for the tanker industry. Refining capacity


Baltic Index Higher on Firm Panamax Rates

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, inched up on Monday, helped by firmer panamax rates.   The overall index rose one point, or 0.21 percent, to 478 points.   The index, which gauges the cost of shipping cargoes including iron ore, cement, grain and coal, and is seen by investors as an indicator of global industrial activity, touched an all-time low of 471 points on Dec. 16.  


European Owners Lead in Buying Up Secondhand Tonnage

Graph: Clarkson Research Services

 With European owners leading the pack in buying up vessels, the sale and purchase market appears to have been notably active in recent years, reveals Clarkson Research Services Limited.   While Europe has been the main buyer region


Pressure Mounting on VLGCs Rates - Drewry

Source Drewry’s LPG Forecaster report (www.drewry.co.ukpublications)

A wave of cargo cancellations from the US is putting additional pressure on VLGC rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.   Two major factors have lowered VLGC rates in recent times: excessive fleet growth and weak


China Receives First American LNG Cargo

Apollonia passes through the Panama Canals locks on its way to Asia. Photo: Shell

 The first cargo of US liquefied natural gas (LNG) to target the world’s largest energy consumer arrived Monday at the Chinese port of Yantian in Shenzhen near Hong Kong.   The cargo was brought onboard the 161,870-cbm Maran Gas Apollonia


Hong Kong Shipowner Issues Funds to Detained Vessel

Image: Hong Kong Shipowners Association

 The owners of Five Stars Fujian have at last paid for much-needed supplies to the Hong Kong vessel, which has been detained by the Australian Maritime Safety Authority since August 12, reports local media.   The Five Stars Fujian has been detained off the port of Gladstone in  by


First Suezmax Tanker Transits Expanded Panama Canal

Photo: Panama Canal Authority

The first Suezmax crude oil tanker that was slated to go through the newly expanded Panama Canal began its transit on Thursday, a public relations official told Reuters.   The Aegean Unity, a Greece-flagged Suezmax vessel coming from the U.S


Japan, China, South Korea Plan Maritime Talks

Image shows the national flags of South Korea, Japan and China from left to right. Courtesy: Xinhuanet

 China is working with Japan and South Korea to arrange foreign minister talks next week, pairing a hard-line stance on maritime issues with a greater willingness for dialogue, says a report in SCMP.   The Tokyo Shimbun daily said the three countries were making arrangements for the


Coal: One of 2016's Hottest Commodities

File photo: Glencore

Less than a year after the coal industry was declared to be in terminal decline, the fossil fuel has staged its steepest price rally in over half a decade, making it one of the hottest major commodities.   Cargo prices for Australian thermal coal from its Newcastle terminal


Berth and Billions: Cruise Business Powers European Yards

Graph: Clarkson Research

 In a historically weak contracting environment the cruise sector has seen a strong level of newbuild ordering and investment in the year to date, says a research report by Clarkson.   Cruise lines have continued to expand their fleets, with new markets such as China in their sights


Yamal LNG Project Received €780 Mln in Chinese Loans in July

Photo: Novatek

The Novatek-led Yamal LNG project in Russia received financing in July worth about 780 million euros from China Development Bank and Export-Import Bank of China, according to Yamal's accounting report published on Tuesday.   The 15-year loan deals, of 9.3 billion euros and 9


Seaborne Trade: Keep the Cargo Moving

Graph: Clarksons Research.

 In the world of seaborne trade, distance forms a crucial element in terms of determining how much demand for vessel capacity is created by trade volumes, says Clarksons Research.   One interesting measure of this is the estimated average haul of global seaborne trade


Asia Tankers-VLCC Rates Steady as Suezmax Fixtures Weigh

Charterers splitting VLCC cargoes into smaller Suezmax tankers; rates to remain around $24,000 per day, below break-even levels. Freight rates for very large crude carriers (VLCCs) on main routes to Asia are set to hold around current levels next week


Brokers Optimistic on Asia Dry Bulk-Capesize Rates

File image: credit BSM

More activity from Australian miners buoy capesize rates; dry cargo market remains over-tonnaged as fleet growth outpaces demand. Freight rates for large capesize dry cargo ships on key Asian routes should stay largely unchanged next week on static cargo volumes though shipowners remain


AIDA Cruises Sets Its Sights on the Chinese Market

Photo courtesy of AIDA

American/British owned German cruise line AIDA Cruises has launched its first marketing campaign on the Chinese market. From April 2017, with AIDAbella, AIDA Cruises will, for the first time, deploy a ship in China all year round and, in close cooperation with Costa Asia


Japan warns China over East China Sea

Japan summons China envoy twice in five days; rising number of Chinese ships sailing near disputed islands. Japan warned China on Tuesday that ties were deteriorating over disputed East China Sea islets, and China's envoy in Tokyo reiterated Beijing's stance that the specks of land were its


Japan Urges China Not to Escalate Sea Tension

Japan said on Monday it would respond firmly after Chinese government vessels intruded into what Japan considers its territorial waters near disputed islands in the East China Sea 14 times at the weekend.   Ties between China and Japan, the world's second and third largest economies






 
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