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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


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.  


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.


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.


Ctrip Appoints WSS as Agent for Cruise Ship Venture

Emilia Shao

China travel services provider Ctrip has furthered its expansion into the cruise market with the appointment of Wilhelmsen Ships Service (WSS) as its General Agent in China. The partnership, which was announced at the official Ctrip vessel naming ceremony last week, will see WSS China providing full ships agency services in Japan to Ctrip’s brand new fleet, the M/S ‘SKYSEA GOLDEN ERA’, cruise vessel operating across routes between China and Japan.


FedEx Completes Takeover of TNT Express

Photo: TNT Express

 US-based FedEx Corp. completed its €4.4 billion ($4.9 billion) acquisition of Dutch TNT Express, , with integration of the companies to start immediately.   The companies say customers will interact with each company as they always have and once the integration is complete


China COSCO Moving to Offshore Winds

Image: DEME

 China COSCO Shipping, which uses bulk carriers and container vessels to transport goods, has seen its cargo business decline amid China's slowdown and has decided to get into the offshore wind power generation business, reports  Nikkei.  


Konecranes-Terex Deal to Proceed as Zoomlion Drops Rival Bid

Photo: Terex Corp

China's Zoomlion Heavy Industry Science and Technology Co Ltd has abandoned its $3.4 billion bid for U.S. crane maker Terex Corp , clearing the way for a smaller deal between Terex and Finland's Konecranes.   The decision comes after six months of merger talks between Terex and Zoomlion


Greek Shipping – Still Number One!

Table: Clarksons Research

 Despite the many domestic and market challenges facing the Hellenic ship owning community, Greece has continued to strengthen its position as the largest ship owning nation in recent years, says Clarksons Research.   As the shipping community begins to gather for another Posidonia


China Steel, Iron Ore Slip Deeper into Bear Territory

Chinese steel and iron ore futures fell deeper into bear market territory on Thursday, as the country's exchanges unveiled more measures aimed at dampening the type of speculative trading behind a powerful rally last month.   The aggressive steps to limit speculative buying have helped fuel


China Claims Wide Support for Stance on S.China Sea

China has widespread support in the international community for its decision not to have anything to do with a legal case lodged by the Philippines against Chinese claims in the South China Sea, a senior diplomat said on Thursday.   China has been stepping up its rhetoric ahead of a ruling


Genting HK Orders 10 Cruise Ships Worth $4 bln

Genting chairman Lim Kok Thay, third from left, at Wismar, Germany at the signing ceremony for the fleet order. Photo: Genting Hong Kong

 Genting Hong Kong, a unit of Malaysia's gaming giant Genting, is building 10 cruise ships worth 3.5 billion euros ($4 billion) in anticipation of higher demand from the Chinese market.   Genting has signed an order for 10 ships with the Lloyd Werft Group


Tracking Chinese Seaborne Trade

Graph: Clarksons Research

 One of the major drivers behind the challenges currently facing many of the shipping markets has been slower demand growth.    World seaborne trade grew by less than 2% in 2015, the slowest pace since 2009, with trends in China pivotal


Sonatrach Orders LPG Vessel from China

Photo:  Groupe SONATRACH

 Algeria’s state-run oil company Sonatrach has awarded two Chinese firms a $40 million deal to deliver a liquefied petroleum gas (LPG) carrier and an option to provide a second vessel, according to a Sonatrach document seen by Reuters.  


Philippines Detains 25 Chinese Fishermen for Poaching

Philippine fishing authorities said on Tuesday they had detained 25 Chinese crew of two seized fishing boats on suspicion of poaching, a move that could further strain ties between two countries at odds over maritime sovereignty. A joint team from the Philippine coastguard and the Bureau of


Zhonggu Shipping to Add Boxships

Photo: Zhoushan Changhong international shipyard

 Shanghai's Zhonggu Shipping may buy 3,398-TEU Stadt Aachen, that was up for sale for US$7.1 million, say local media reports.   Zhonggu Shipping earlier stated that it plans to acquire a handful of vessels this year, all of which will start operations between June and August.  


India to Boost Iran Port Project, Links to Afghanistan

Indian Prime Minister Narendra Modi on Monday pledged up to $500 million to develop the southern Iran port of Chabahar, in a move to give his country trade access to Iran, Afghanistan and central Asia.   The route is currently all-but blocked by Pakistan, long at odds politically with India


China Okays CMA CGM's Acquisition of NOL

Courtesy NOL

 CMA CGM S.A. (CMA CGM), a global leader in container shipping, announces that it has received today confirmation that its pending acquisition of Neptune Orient Lines (NOL), Southeast Asia’s largest container shipping company (SGX: N03)


CMA CGM Proceeds with NOL Takeover after China Okay

File Image: A CMA CGM boxship alongside during cargo operations (credit: Marad)

CMA CGM, the world's third-largest container shipping firm, is to go ahead with its planned acquisition of Singapore's Neptune Orient Lines (NOL) after receiving regulatory clearance from China, the French group said. CMA CGM received on Wednesday confirmation of the deal's approval by the


Guinean Sailors Arrested after Clash with Sierra Leone Navy

Sierra Leone was holding 11 Guineans including military personnel in custody on Wednesday following a confrontation at sea involving the two West African neighbours' navies, Sierra Leonean officials said.   The incident occurred early on Monday morning off the coast of northern Sierra Leone






 
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