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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

Focus On China: Refineries, Pipelines And Vessel Supply


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

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

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.

U.S. & China: U.S. Must Invest in Maritime to Avoid “Sea Strangulation”

(Image: HHI // CSCL)

A new study examines the steady decline of the U.S. Merchant Marine fleet, which today numbers less than 100 vessels in international trade, and warns that U.S. global competitiveness and maritime security -- particularly in light of a fast-emerging China -- is at grave risk unless investment is

China: Navy 'restrained' Facing US Provocations

China's top admiral said his forces have shown "enormous restraint" in the face of U.S. provocations in the South China Sea, while warning they stand ready to respond to repeated breaches of Chinese sovereignty. Beijing, which claims almost the entire energy-rich South China Sea

Dry Bulk Shipping Record Low a Warning for Global Economy

A slump in dry bulk shipping is set to worsen as the meltdown in global commodities and too many ships free for hire rock the sector used by investors to gauge the health of world trade.   Slower coal and iron ore demand from China - the world's biggest industrial importer - have battered

Maersk to Idle Vessel

Morten Maersk. Photo by Maersk Line

 The world's biggest container-ship operator Maersk Line  has confirmed market talk that it has temporarily idled one of its largest vessels - yet another sign that the industry is in dire straits, says a report in the The Straits Times.  

China Says Unaware of Plan to Discuss Sea Dispute at APEC

China is not aware of any plan to discuss the disputed South China Sea at an Asia Pacific leaders' summit next week, a senior Chinese diplomat said on Tuesday, amid tensions between China and the Philippines over the waters.   For its part

US Expects South China Sea Issue to Come up at APEC

The South China Sea issue is likely to come up on the sidelines of the APEC summit if it is not on the formal agenda, State Department spokesman Mark Toner said on Tuesday.   The Asia-Pacific Economic Cooperation summit is scheduled for Nov. 17-19 in Manila

LOC Looks to a brighter Second Decade in China

Donny Ng Photo LOC

  LOC are setting key objectives for their second decade in China, while celebrating 10 years in multiple port cities across the country. “We are looking ahead to a great many things in China,” says Jon Walker, Regional Director of LOC

ICBC Signs Financing Deal with F.Laeisz

F.Laeisz fleet. Photo by F.Laeisz GmbH

 The Industrial and Commercial Bank of China (ICBC) has signed a financing agreement with Germany shipping company F.Laeisz GmbH.    Under the agreement, the ICBC will provide 65 million U.S. dollars in export buyer's credit for F

Iran Belgium Hold Talks to Build FLNG Unit

FLNG Unit Image by National Iranian Oil Company

 Minister of Petroleum, Bijan Zangeneh said that Iran and Belgium are in talks for possible floating production of liquefied natural gas (LNG) FLNG Unit off the Kharg Island in the Persian Gulf.    The issue was brought up during Zangeneh’s talks with Belgian Secretary of

Merkel Backs German Bid to Build Australian Submarine Fleet

HMAS Collins, part of Australias aging Collins Class, was commissioned in 1996. (Photo: Royal Australian Navy)

Chancellor Angela Merkel voiced her government's support on Friday for a German arms manufacturer's bid to win a $35.7 billion (A$50 billion) contract from Australia to build it a new fleet of submarines.   Germany's ThyssenKrupp Marine Systems (TKMS) and France's state-controlled naval

Cavotec Wins Port Equipment Orders

Photo: Cavotec

Press release- Global engineering group Cavotec has won five separate orders with a combined value of more than $9.6  million for some of its key innovative technologies, including the Group's MoorMasterTM automated mooring system and the new Automatic Plug-in System (APS)

China: "Great Restraint" in South China Sea

China has shown "great restraint" in the South China Sea by not seizing islands occupied by other countries even though it could have, a senior Chinese diplomat said on Tuesday ahead of two regional summits where the disputed waterway is likely to be a hot topic.

China Merchants to Acquire Sinotrans

Photo: Sinotrans Shipping Limited

 Chinese transport giant China Merchants Group looks set to takeover Sinotrans & CSC in the potential merger between the two shipping giants in China, reports Reuters.   The two companies have been locked in reorganization talks, financial magazine Caixin  said

Cosco, China Shipping Mega Merger Deal May Get Green Signal Soon

Photo: China COSCO Dry Bulk Shipping

 The merger deal of China’s two shipping gianst China Ocean Shipping Co., or Cosco, and China Shipping Group that could create the world’s fourth largest container operator is expected to get approval by Chinese government by January, reports WSJ.  

Chinese Authorities Raid Container-Shipping Firms

Photo: Maersk Line

China's National Development and Reform Commission  (NDRC) is visiting several major container shipping lines’ offices in Shanghai and throughout the country as part of its surcharges investigation.   According to local media reports

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