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
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
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.
A series of new vessels will be built in China for the Far-Eastern Shipping Company (FESCO). According to reports, the contract on building of four bulk carriers at the Chinese shipyard Quingshan Shipyard in the city Ukhan was made. Every bulk carrier will be 623 x 104 ft., deadweight 57,000 tons. Every vessel will be equipped with four loading cranes. The bulk carriers will work at transportation of bulked cargo - corn, coal, ore, pipes and others.
Giuseppe Bottiglieri purchased two more newbuildings at Chinese shipyard Jiangsu Yangzijiang. The President of Giuseppe Bottiglieri di Navigazione SpA shipowning company said that the two bulkcarriers are sister vessels of the six Post Panamax (92.500 dwt) ordered last January. According to the company, in an effort to build the company’s modern fleet of bulk carriers, this $100m investment in the dry cargo sector comes after an order that was placed in January.
The Port of Los Angeles has released its December 2013 cargo volumes. December overall volumes increased 11.09 percent compared to December 2012. The increase is due in part to shippers moving cargo in advance of the Chinese New Year, which this year falls on January 31. Imports increased 8.63 percent, from 296,874 Twenty-Foot Equivalent (TEU) containers in December 2012 to 322,500 TEUs this December. Exports jumped 16
Chinese ships purposely collided with two Vietnamese vessels in disputed waters where Chinese firms started operating at the weekend, causing large scale damage, Vietnam's foreign ministry said on Thursday. China claims almost the entire oil- and gas-rich South China Sea, rejecting rival claims to parts of it from Vietnam, the Philippines, Taiwan, Malaysia and Brunei. It also has a separate maritime dispute with Japan.
Citigroup Inc has about $280 million in loans tied to commodities in two Chinese ports which are at the center of a probe into possible fraud, a senior executive said on Friday, becoming the first U.S. bank to disclose its potential exposure.
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
ICBC Financial Leasing Company Limited signed a leasing project with Schahin of two ultra-deepwater drilling rigs during China-Brazil Business Council-Annual Meeting 2014 on 17th July 2014. The contract values $1.08bn and eventually serves for Petrobras
Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture for manufacturing medium and large bore medium speed diesel and dual-fuel engines. The CSSC Wärtsilä Engine (Shanghai) Co
China's CITIC Resources Holdings Ltd has begun court proceedings against the operator of a bonded warehouse at Quindao port as legal action ramps up following an investigation into metals financing fraud at the world's seventh busiest port.
The U.S. pressed China to implement structural reforms in its exchange rate and to modify its "aggressive behaviour" in disputed waters during a preliminary round of bilateral talks, senior U.S. officials said. The United States, led by U.S
World Trade Organization judges found on Monday that the United States had violated global trade rules by imposing import duties on a range of Chinese steel products and solar panels that Washington asserted had government subsidies. But the three-member panel also rejected some of the Chinese
The United States is weighing its options after a World Trade Organization ruling on a Chinese challenge to anti-subsidy duties imposed on a range of steel products, solar panels and other goods, the office of the U.S. Trade Representative said on Monday.
Viking Offshore & Marine Limited (Viking) which is building a portfolio of mainstream offshore, marine and drilling assets, said today that it has secured a 50-month bareboat charter for a land rig system worth approximately US $32 million.
A powerful new software upgrade is available for the Simrad AP70 and AP80 Autopilots. The upgrade is currently available as a free download and installed on all new systems sold. Continuing to build upon a legacy of state-of-the-art, high-performance autopilots
Brazil hopes that during a visit by Chinese President Xi Jinping it can boost ties with its biggest trade partner beyond the exchange of commodities for manufactured goods, but that may be wishful thinking. Accords China will sign with Brazil when Xi meets with President Dilma Rousseff on
Chinese energy giant CNOOC Group is studying the possibility of building a multibillion-dollar floating liquefied natural gas (FLNG) vessel, as-yet untried technology that would likely be used to produce gas from the deep waters of the South China Sea.
China and Brazil sealed their expanding commercial partnership on Thursday with a $5 billion credit line for Brazilian miner Vale and the purchase of 60 passenger jets from Brazilian planemaker Embraer. In a raft of energy, finance and industry accords signed before presidents Xi Jinping and
The Chinese Ministry of Commerce (MOFCOM) yesterday announced that they have not approved the P3 Network (P3). P3 was a long-term operational vessel sharing agreement proposed by MSC, CMA CGM, and Maersk Line. The MOFCOM’s decision follows a review under China's merger control rules.
Kongsberg Maritime’s Full Picture solution has been selected by Chinese and Korean shipbuilders for 13 advanced newbuild offshore vessels with a total value of 330 MNOK. Dalian Shipbuilding Industry Offshore Co. (DSIC), CIMC Raffles (CIMC)