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.
Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture for manufacturing medium and large bore medium speed diesel and dual-fuel engines. The CSSC Wärtsilä Engine (Shanghai) Co
Danelec Marine has received orders to supply Voyage Data Recorders (VDRs) and Electronic Chart Display and Information Systems (ECDIS) for 18 offshore support vessels in China. The orders were taken by Danelec’s distributor Xiamen Huayi for ships under construction at a shipyard in Fujian
Dorian LPG Ltd. a leading owner and manager of modern VLGC's (very large gas carriers), today announced that it has entered into a Memorandum of Understanding ("MOU"), with HNA Logistics Group Co., Ltd. to explore opportunities in the liquefied petroleum gas logistics market
Australia's Joint Agency Coordination Centre (JACC) says that a bathymetric survey of the 60,000km2 search area is well underway, with two vessels, the Australian-contracted Fugro Equator and the Chinese survey ship Zhu Kezhen, mapping the ocean floor
World Trade Organization judges found on Monday that the United States had violated global trade rules by imposing import duties on a range of Chinese steel products and solar panels that Washington asserted had government subsidies. But the three-member panel also rejected some of the Chinese
The United States is weighing its options after a World Trade Organization ruling on a Chinese challenge to anti-subsidy duties imposed on a range of steel products, solar panels and other goods, the office of the U.S. Trade Representative said on Monday.
Viking Offshore & Marine Limited (Viking) which is building a portfolio of mainstream offshore, marine and drilling assets, said today that it has secured a 50-month bareboat charter for a land rig system worth approximately US $32 million.
A powerful new software upgrade is available for the Simrad AP70 and AP80 Autopilots. The upgrade is currently available as a free download and installed on all new systems sold. Continuing to build upon a legacy of state-of-the-art, high-performance autopilots
Brazil hopes that during a visit by Chinese President Xi Jinping it can boost ties with its biggest trade partner beyond the exchange of commodities for manufactured goods, but that may be wishful thinking. Accords China will sign with Brazil when Xi meets with President Dilma Rousseff on
Chinese energy giant CNOOC Group is studying the possibility of building a multibillion-dollar floating liquefied natural gas (FLNG) vessel, as-yet untried technology that would likely be used to produce gas from the deep waters of the South China Sea.
China and Brazil sealed their expanding commercial partnership on Thursday with a $5 billion credit line for Brazilian miner Vale and the purchase of 60 passenger jets from Brazilian planemaker Embraer. In a raft of energy, finance and industry accords signed before presidents Xi Jinping and
The Chinese Ministry of Commerce (MOFCOM) yesterday announced that they have not approved the P3 Network (P3). P3 was a long-term operational vessel sharing agreement proposed by MSC, CMA CGM, and Maersk Line. The MOFCOM’s decision follows a review under China's merger control rules.
Kongsberg Maritime’s Full Picture solution has been selected by Chinese and Korean shipbuilders for 13 advanced newbuild offshore vessels with a total value of 330 MNOK. Dalian Shipbuilding Industry Offshore Co. (DSIC), CIMC Raffles (CIMC)
Citigroup Inc has about $280 million in loans tied to commodities in two Chinese ports which are at the center of a probe into possible fraud, a senior executive said on Friday, becoming the first U.S. bank to disclose its potential exposure.
Argentina signed deals on Friday to borrow $7.5 billion from China at a time when the Latin American country cannot tap global capital markets because of disputes over unpaid debt. Among the deals signed, Argentine President Cristina Fernandez and her Chinese counterpart