Chinese Cargo Ship
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
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
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.
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
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
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
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
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.
Falling shipping freight rates for transporting containers from Asia to Northern Europe on Friday showed there was no traditional surge in cargo exports from China ahead of the Chinese New Year, indicating a bleak outlook for the industry. Spot freight rates on the world's busiest trade route have halved since the start of the year after falling 26 percent to $545 per 20-foot container (TEU) this week -- a level not considered to be commercially viable for most vessels.
Weak holiday demand to pressure rates lower. Rebound seen after China returns to market on Oct 8. Freight rates for capesize bulk carriers could come under pressure next week as lower cargo volumes due to holidays in China thwart shipowners efforts to push rates higher, ship brokers said. "There was a bit of a rush to fix earlier this week ahead of the holidays ... but it has been very quiet in the last couple of days," a Singapore-based capesize broker said on Thursday.
For good or for bad, shipping market analysts have looked at trade growth ‘multipliers’ for many years, says Clarksons Research. In 2015 global seaborne trade is estimated to have grown by 2.1%, in a year when the world economy grew by 3.1%
The merger between China Shipping group and the Cosco Group has given rise to a mammoth company that could trigger stability and extended consolidation in the global shipping industry, says a report in the WSJ. The merger will free the two Chinese shipping groups from competing
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low for the ninth straight session on Friday as concerns of slow global demand outweighed gains for the large-vessel segment.
Vessels calling ports in China’s Yangtze River Delta, including Shanghai, will be required to burn low sulphur fuel while at berth from April 1 this year. China’s Ministry of Transport announced in December last year plans to set up three ECAs: the Pearl River Delta
The Port of Indiana-Burns Harbor handled 2.8 million tons of cargo in 2015, the second highest tonnage in over two decades. Following 2014's all-time record volume, the year marked only the third time the port handled 2.8 million tons or more in the port's 45-year history.
Dry bulk shipping companies being hit the hardest on account of the deteriorating business climate are likely to be swept by a new wave of bankruptcies, reports Nikkei. The global commodities bust has rocked the dry-bulk shipping industry
Amid enduring tensions over the South China Sea, India and China held inaugural round of talks on maritime cooperation on February 04 in New Delhi. The meeting of New Delhi and Beijing officials covered a gamut of issues of "mutual interest and prospects for maritime
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, slipped below 300 points on Thursday, to an all-time low. The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertiliser
Press release- A month after celebrating its 30th anniversary, the Marseille-based Port Community System operator MGI has been welcomed as the newest member of the International Port Community Systems Association (IPCSA).
A Chinese container ship that is one of the world's largest has run aground on the river Elbe near Germany's largest port Hamburg but shipping to the harbour continues as normal, German marine police said on Thursday. The stricken vessel is the CSCL Indian Ocean of Chinese shipping
China's Cosco is among investors expected to bid for the development and operation of a freight centre with access to the national railway network and Greece's largest port in Piraeus, a government official told Reuters on Wednesday.
Logistics firm Hidrovias do Brasil plans to start exporting grains from a new terminal with up to 6.5 million tonnes annual capacity in the Brazilian Amazon in July, serving international grain merchants, CEO Bruno Serapião said.
Underscoring that India and Brunei have equal stakes in the security and prosperity of a "shared Asian neighbourhood", both countries held discussion on Chinese territorial claims in the South China Sea which has the potential to affect free maritime traffic in Southeast Asia
Classification society Bureau Veritas is classing the 37,000 dwt asphalt carrier Asphalt Splendor, recently delivered to U.S.-based Sargeant Marine. The vessel was built at Avic Dingheng, China and is one of a series of two designed by Chinese design institute SDARI in cooperation with Sargeant
Advanced Polymer Coatings (APC) has signed a contract with Scot Tanker, based in Istanbul, Turkey, for up to eight chemical tanker retrofits using the patented MarineLine polymer cargo tank coating system. These eight chemical ships became available on the market and were purchased by