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.
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 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
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
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 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
A Chinese shipbuilding yard has entered the global top five in terms of order backlog. According to a report by London-based shipbuilding and marine transportation researcher Clarksons, China's Dalian Shipbuilding Industry with 2,838,000 compensated gross tons (CGT) ranked fifth on the list of world shipbuilding yards based on order backlog as of March. Hyundai Heavy Industries with 10,790,000 CGT came in first, followed by Samsung Heavy Industries with 8,517,000 CGT
Rescuers searched for 16 missing crew members of a South Korean cargo vessel that sank after colliding with a Chinese freighter in heavy fog in waters off northeast China, according to a report on www.leadingthecharge.com. The crew of the Chinese ship — the 4,800-ton JinSheng — were unharmed and returned safely to Dalian, a coastal city in northeastern Liaoning province, where they reported the incident to Chinese authorities about seven hours after the collision, it was reported
The guided-missile destroyer 'USS Mason' (DDG 87) personnel participated in a counter piracy exercise in the Gulf of Aden with elements of the Chinese People's Liberation Army (Navy) (PLA(N)), aboard the destroyer 'Harbin' and Chinese auxiliary replenishment oiler Weishanhu (AO 887). Mason joined Chinese destroyer Harbin (DDG 112) and Chinese auxiliary replenishment oiler Weishanhu (AO 887) to conduct a series of evolutions including combined visit, board, search and seizure (VBSS)
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.
ABS, a global provider of classification services to the marine and offshore industries, announces the opening of a new office in Beijing. This move shows ABS' determination in expanding best-in-class service for the Chinese market. This new office will allow further collaboration with government
U.S. and Chinese military officials will hold talks on rules of behavior at the Pentagon on Tuesday and Wednesday, a U.S. official said, days after the United States denounced a "dangerous" Chinese jet intercept of a U.S. Navy patrol plane.
Shanghai International Port , the operator of the world's busiest container port, reported earnings on Wednesday that showed its second-quarter net profit fell 2.5 percent in a sign of slowing trade in China. Shanghai Port said in a Chinese-language filing on the Shanghai stock exchange that
Greece's Piraeus Port (OLP) , the largest in the country, said its first-half net profit was almost unchanged from the same year-ago period, while sales fell. Piraeus Port, which is privatisation, is one of the busiest passenger ports in Europe
Seven Chinese crew members were rescued after their fishing vessel caught fire and sunk at 18 NM Southeast off Mouligi Island, Mapun in Tawi-Tawi, August 13, 2014. Coast Guard Station (CGS) Mapun disclosed that a certain Jonathan Tiblan, an employee of Municipal Hospital in Mapun
South Korean shipbuilders have shown signs of picking up after overtaking their Chinese rivals to regain the top spot last month, according to Yonhap News Agency. However, the sum of new orders in the January-July period lags well behind China rivals.
Philippine President Benigno Aquino said two Chinese survey vessels had been sighted in a gas-rich area of its exclusive economic zone, raising concerns of heightened tensions in the disputed South China Sea. China claims almost the entire South China Sea
Chinese rig builder Honghua Group has been awarded a contract by Orion Engineering and Management Ltd to build a semi-submersible drilling rig, with options to build three more. According to a statement released by Honghua, the rig deal worth US$320 million was signed by its offshore
SBI Offshore Limited, which is pursuing higher-value oil and gas engineering projects, said today it has secured a $24 million contract to provide design and engineering services for a jack-up drilling rig that can operate in water depths of up to 110 meters.
For the six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY. Results Highlights Strong profit growth: profit attributable to the equity holders surged
China rejected Philippine complaints on Wednesday about Chinese survey vessels operating in a gas-rich area of Manila's exclusive economic zone, and has lodged a separate complaint about the detention of Chinese workers, as tensions persist.
MacGregor, part of Cargotec, has secured a new contract from Chinese shipbuilder, Fujian Mawei Shipbuilding Ltd., for two 100-metric-ton active heave-compensated subsea MacGregor cranes. The cranes will be fitted to two 86-meter multipurpose platform supply vessels (PSVs) under construction at the
China has appealed against a WTO dispute panel report on anti-dumping duties applied on certain Chinese products by the United States, the World Trade Organization (WTO) said on Friday. The appeal covers products including solar panels, wind towers, thermal and coated paper
Argentina's state oil company YPF agreed Friday to extend its operation until 2027 in partnership with a local unit of China's Sinopec oil in an area of a province in the center-west of the country, which represent an investment of $ 300 million, the company said in a statement.
Australia's Queensland government has backed away from controversial plans to allow a cruise ship terminal to be built on state-owned land on the Gold Coast, according to the 'Brisbane Times'. Deputy Premier Jeff Seeney announced on Tuesday that in response to community concerns