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.
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.
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
Asian Panamax freight rates for dry bulk cargo in the Pacific market edged higher this week on the back of pre-Lunar New Year holiday grain purchases and persistent coal shipments, shipping agents said. But brokers said they expected freight rates to show signs of weakness next week as several Asian countries would be on holiday. "Chartering activity will slow down next week as many countries in the Asian region close for the Chinese New Year," said one domestic broker
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.
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.
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.
Antwerp Port Authority today made a partnership agreement with the Industrial and Commercial Bank of China (ICBC). The Memorandum of Understanding was signed last week at the official opening of the ICBC’s Antwerp branch in Brasschaat Castle
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 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.
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
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
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
2016 could be a brutal year for Korean Shipyards. Yonhap reports that the country's shipbuilders failed to clinch any new orders in January, underscoring the protracted slump in the global shipbuilding segment. "January is usually an off-season for shipbuilders
Italian luxury yacht builder Ferretti, owned by Chinese industrial conglomerate Weichai Group, has created a new unit to build boats for the patrol and defence of international waters, lands and coastlines, it said on Wednesday. Ferretti Security and Defence (FSD) will design
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.
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.
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
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).
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
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
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