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New Chinese

New Chinese Licensee for MAN Diesel

MAN Diesel has added another member to its family of two-stroke licensees with the signing of a contract with Zhenjiang CME Co., Ltd. (ZJCME), the Chinese engine manufacturer. The new licensee is a subsidiary of the giant, state-owned China State Shipbuilding Corporation (CSSC) industrial conglomerate.


Carnival, China Merchants Sign MOU

MOU will explore both Port & Destination Development and Ship-Owning joint ventures with the goal of potentially launching China’s first world-class domestic cruise brand.   Carnival Corporation & plc has  signed a memorandum of understanding (MOU) with China Merchants Group (CMG) to explore the possibility of two joint ventures designed to accelerate the development and growth of the overall cruise industry in China.  


US, Chinese Navy Carry Out Joint Communication Drills

The visiting Chinese missile cruiser 113 (Qingdao) and U.S. missile cruiser 93 (Zhongyun) cooperated on a six-hour marine communication and mobile drill near Hawaii on September 10. This is the first time the U.S. and Chinese and navies have cooperated on such drills. The drills were directed in turn by the U.S. and Chinese navy. They trialed several means of communication and organized their vessels into joint formations.


Graig Opens Chinese Facility

Graig Shipping Plc has opened a new facility in Shanghai, China, to provide a centre of excellence for ship design, newbuilding supervision, shiprepair and classification. "Chinese ship yards have enormous potential," says Hugh Williams, CEO of Graig. "This facility will help owners to get the very best from China. Under one roof we now have Graig Ship Management, which provides the highest quality newbuilding supervision services, Graig Carl Bro Ship Design


C-MAP Wins China Shipping Contract

PHOTO: Mr. Huang Zhi Bin Head of Navigation in the Safety and Technology Division Right hand side Captain Peng Ji Qing of Xin Pudong China Shipping Container Lines Co. Ltd, a subsidiary of China Shipping Group, is one of the largest Shipping companies in China. It owns a fleet of 103 container vessels with a total capacity of over 120,000 TEUs, and is operating dozens of domestic coastal and international routes from China to Japan, Korea, Southeast Asia, Australia, Europe


New Chinese LNG Carriers Powered by GE

The first electrically propelled liquefied natural gas (LNG) carriers, each at 174,000 cubic meters, to be built in China will incorporate power and propulsion systems developed and built by GE’s Power Conversion business. Hudong-Zhonghua Shipbuilding Group, part of the China State Shipbuilding Corporation, signed contracts with GE for the supply of power and propulsion systems for six LNG carriers that it will build in its shipyard in Shanghai for major Asian shipping companies


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


ICBC Financial Leasing Purchase 2 CIMC Raffles Drilling Rigs

CIMC Raffles Semisubmersible Drilling Rigs

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. CIMC Raffles played the role of EPC in the two semisubmersible drilling rigs building and delivered them in November 2010 and April 2011, which performed in a good condition in Brazil.


Piraeus Port U-turn Not to Stop China Investment

China Ocean Shipping

Even though Greece's new left-wing government set alarm bells ringing in Beijing when it halted the privatization of the port this week, analysts say Athens is merely posturing, reports South China Morning Post.  China will remain as "privileged partner for Greece".  Cosco officials in Piraeus and China are playing down concerns over the new government’s plans for the port of Piraeus.  


Cruise Industry Seeks Fortune in China

Quantum of the Seas under construction at Meyer Werft shipyard. Credit: Meyer Werft

Builders, Operators Teaming to Fill Voids In Rapidly Growing Chinese Market After an uneven couple of years punctuated by struggling economic factors worldwide, maturing markets and some highly publicized accidents and illnesses, the cruise industry is hoping to find a little “double happiness” from the rapidly growing Chinese market – enhanced profits and renewed market growth for both operators and builders.


More Data Shows Chinese Slowdown

Chinese slowdown confirmed in Chinese and IMF data   The Chinese economy grew by 7% y-o-y in the first quarter of 2015, according to National Bureau of Statistics in China. This is the weakest overall growth in six years. Growth during the quarter was strongest in the industrial sector (6


Box Ship Oversupply Stoking Trouble

Source: Drewrys Container Forecaster

Despite positive growth momentum, the container shipping industry continues to suffer new, big ship deliveries with no let-up to the ordering frenzy according to the Container Forecaster, published by Drewry Maritime Research.   Drewry forecasts another year of excess growth in relation to


China Constructing Sea Outposts, US Warns

South China Sea claims. Map by Murphy on Piracy

 The U.S. military commander for Asia warned that, China could eventually deploy radar and missile systems on outposts it is building in the South China Sea that could be used to enforce an exclusion zone over the disputed territory, according to a report in Reuters.  


Chinese Submarine to Pakistan: Raising Nuclear Tensions in South Asia

Agosta 90 B submarine sits at Pakistans Navy Dockyard in Karachi. Pic by Global Security

 Pakistan, a country plagued by economic and political insecurity, to conclude the deal of eight conventional submarines during Chinese President Xi Jinping's visit to Islamabad on Monday (April 20), reports Bloomberg.   This will help Pakistan gain the ability to fire nuclear weapons


China, Vietnam to Look Beyond Sea Disputes

Chinese President Xi Jinping and Vietnamese General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong. Photo Credit: China.org.cn

 Vietnamese Communist leader Nguyen Phu Trong and Chinese President Xi Jinping agreed to make joint efforts to manage the South China Sea row.   Both countries agreed to friendly negotiations, and the possibility of joint development projects to settle their differences over the


China Defends South China Sea Reclamation

China on Thursday sketched out plans for the islands it is creating in the disputed South China Sea, saying they would be used for military defence as well as to provide civilian services that would benefit other countries. Chinese Foreign Ministry spokeswoman Hua Chunying told a news briefing


China Mounts Defence of South China Sea Reclamation

China on Thursday sketched out plans for the islands it is creating in the disputed South China Sea, saying they would be used for military defence as well as to provide civilian services that would benefit other countries.   Chinese Foreign Ministry spokeswoman Hua Chunying told a news


China Justifies Reclamation of Islands in South China Sea

Map source: UNCLOS, CIA

 China has justified its reclamation work on some disputed islands in the Spratly archipelago in the South China Sea, saying they would be used for military defense and to provide civilian services that would benefit other countries.   


Obama: China Bullying in South China Sea

Obama: China forcing countries into subordinate positions; China hits back, accuses U.S. of throwing its weight around. U.S. President Barack Obama said Washington is concerned China is using its "sheer size and muscle" to push around smaller nations in the South China Sea


Indonesia Needs Maritime Maneuvers with the US in South China Sea

The US and Indonesia in the East China Sea (Photo: US Navy)

 The United States and Indonesia held naval exercises near the Natuna Archipelago in the East China Sea, near target China, and the Government in Jakarta hopes that in this region will be constantly carried out military maneuvers, says a Reuters report.  


Box Ship Freight Rates Fall on Declining Chinese Exports

Container freight index

  Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week. On Friday April 10, 2015 the freight rate including ocean freight and surcharges, i.e


Container Rates Fall on Declining Chinese Exports

bimco containership.jpg

Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week. On Friday April 10, 2015 the freight rate including ocean freight and surcharges, i.e


China Gets 40-Year Rights at Pakistani Port

Picture by Gwadar Port Authority

 China has been allowed operation rights for 40 years at a port in Gwadar, a planned deep-water harbor in Pakistan.   This move will give China access to Gulf countries, and the possibility of building a naval base on the Arabian Sea in future, sources revealed.  


China Cosco Sends 14 More Vessels to Scrap Yard

Image: Cosco

 China Cosco Holdings has scrapped 14 vessels between February 1 and March 31 this year, continuing progress with its ambitious fleet renewal plan.   The 14 ships comprised of one container vessel and 13 dry bulk carriers, which have a combined capacity of 924,700 dwt.  


Chinese Acquire UK Maritime Firm

QT1000 high powered cable installation and maintenance ROV: By SMD

 UK subsea equipment manufacturer Specialist Machine Developments (SMD) has been acquired by Zhuzhou CSR Times Electric Co, a subsidiary of Chinese company CSR Corporation.   The two companies have signed a sale and purchase agreement for the entire share capital of the SMD group






 
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