China’s CMP Renews MAN 4-stroke License Deal
CSSC Marine Power Co., Ltd. (CMP), an engine-manufacturing division of Chinese State Shipbuilding Corporation (CSSC), has renewed its contract with MAN Diesel & Turbo for another 10 years of production of four-stroke medium speed engines. The new agreement was finalized at a signing ceremony in Anqing, Anhui province on October 8, 2015, and marks the renewal and continuation of a cooperation that first started in the 1980s. CMP chairman Zhang Haisen said, “The extension of the…
Chinese Cargo Ship Hits Yangtze Bridge Pier, Sinks
18 crew members of the ship were rescued shortly before their vessel sank in the Yangtze River after hitting a bridge pier. Damage was visible on a pier of the Nanjing Yangtze River Bridge in Nanjing, capital of east China's Jiangsu Province after the cargo vessel, loaded with 12,500 tons of limestone, encountered it, reports the 'China Daily'. The vessel, "Xinchuan 8" was transporting the limestone from Tongling in east China's Anhui Province to Luoyuan, a coastal county in southeast China's Fujian Province, when the accident happened adds the 'China Daily' citing sources in Nanjing Maritime Bureau. The vessel, belonging to Rushan Xinchuan Shipping and Transportation Co.…
China Shipyard Short of Cash
Dongfang Shipbuilding Group Co., Ltd. (Zongyang) the largest private shipyard in Anhui is preparing to sell off part of its assets, or intends to recapitalize. In early May 2007, Zhejiang Dongfang Shipbuilding Group Co., Ltd. took note of Zongyang's unique resources along the Yangtze River and decided to found a shipyard in Zongyang. On December 6 of that year, Dongfang Shipbuilding Co., Ltd. with a total investment of 10.8 billion Yuan was founded. Chen Guojun, the only 22-year-old son of " Wenzhou shipping tycoon" Chen Kaotong, was appointed as the general manager. On August 18 2011, Dongfang Shipbuilding was listed on the London Stock Exchange.
