China News

22 Jan 2020

Ferry Industry Sets Pace on Critical Solutions

(Photo: BC Ferries)

Interferry CEO Mike Corrigan describes a distinctly upbeat period in the worldwide ferry community – and explains how the global trade association plans to take its support to far-reaching new levels.There are times when the phrase “there are three kinds of lies: lies, damned lies and statistics” seems all too true, but here’s an honest number for you – ferries carry a global total of more than 2 billion passengers a year, which is almost on a par with airlines.Hard to believe? Not for those of us in the industry, but almost certainly for many citizens and politicians.

22 Jan 2020

MAN Fuel Gas System for New Icebreaking RoRos

A rendering of the new RoRo vessel (Image: Wallenius SOL)

MAN Energy Solutions’ marine liquefied natural gas (LNG) fuel-gas-system manufacturer MAN Cryo has inked a deal to supply the LNG fuel-gas supply systems for two icebreaking roll-on/roll-off (RoRo) newbuilds being built at Yantai Raffles shipyard in China for Swedish shipping line Wallenius SOL. MAN Energy Solutions will also supply a pair of 9L28/32DF dual-fuel auxiliary engines to each vessel.Upon construction, the 242-meter vessels will be the largest to ever to meet Finnish/Swedish ice class 1A Super standard…

21 Jan 2020

Jiangsu Zhenjiang Delivers Dual Fuel Tug

Image: Robert Allan Ltd.

Jiangsu Zhenjiang Shipyard in China has delivered Yong Gang Xiao Tuo 60, a dual fuel RAstar 3800-DF tug, to Ningbo Zhoushan Port Company Ltd.According to a release from the naval architectural firm Robert Allan, this first ever RAstar 3800-DF tug is the 10th custom designed vessel by Robert Allan Ltd. in close collaboration with Ningbo Port Company. The vessel is also the first Robert Allan Ltd. designed dual-fuel tug to operate in China.The new RAstar 3800-DF tug is powered by a pair of Niigata 8L28AHX-DF dual-fuel engines…

20 Jan 2020

Malaysia in Shanghai LNG Supply Pact

The signing of the HOA between Petronas and Shenergy was witnessed by Petronas President and Group Chief Executive Officer, Tan Sri Wan Zulkiflee Wan Ariffin.

Malaysian state-run giant Petroliam Nasional (Petronas) subsidiary Petronas LNG (PLL) has signed a 12-year liquefied natural gas (LNG) supply deal with China’s Shenergy Group. Under the terms of the 12-year heads of agreement (HOA), Petronas LNG will supply approximately 1.5 million tonnes per annum (MTPA) of LNG to Shenergy’s Wuhaogou receiving terminal.Additionally, the LNG supply agreement involves a shipping collaboration to construct and charter new mid-sized LNG vessels.

20 Jan 2020

Fincantieri Wins $111Mn ITER Contract

Image: Fincantieri

Italian shipbuilding company has been awarded an order worth almost 100 million euros (about 111 million U.S. dollars) to provide high-profile equipment as part of the International Thermonuclear Experimental Reactor (ITER) project to build a nuclear fusion reactor.The ITER Project is a multinational collaboration aimed at building an experimental hydrogen fusion reactor, first of its kind, and acknowledged as one of the most ambitious initiatives in the world in the field of sustainable energy.A temporary consortium has been established for the execution of these activities.

20 Jan 2020

Guyana's First-Ever Oil Cargo Sets Sail for the U.S

Photo courtesy of Hess

A vessel carrying about 1 million barrels crude oil from Guyana set sail on Monday for the United States, according to vessel tracking service TankerTrackers.com, ushering the tiny South American nation into ranks of the world's oil exporters.The first cargo of Liza crude departed from the floating platform Liza Destiny off Guyana, operated by U.S. companies Exxon Mobil, Hess Corp, and China's CNOOC . (Reporting by Marianna Parraga; editing by Diane Craft)

20 Jan 2020

Baltic Index Hits Nine-Month Low

© bergamont / Adobe Stock

The Baltic Exchange's main sea freight index fell to its lowest level since April last year on Monday, dragged by falling rates across the capesize and panamax segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dropped 25 points, or 3.3%, to 729.The capesize index dropped 119 points, or 16.7%, to 593 - its lowest since April 23.The index registered its 27th straight session of losses, and also its largest daily percentage loss since early April.Average daily earnings for capesizes…

19 Jan 2020

Oakland Container Volumes Down 1.8% in 2019

Image: Port of Oakland

The container ship facility located in the San Francisco Bay, Port of Oakland 2019 container volume decreased 1.8 percent from 2018. The Port attributed the decline to fewer empty containers but said loaded import and export containers were at a record high.Oakland handled the equivalent of 2.5 million 20-foot containers (TEUs) in 2019 versus 2.55 million in 2018. The Port attributed the dip to a 13 percent drop in empty container handling.On the other hand, export volume increased 3.7 percent last year, the Port said. Imports were up 1 percent.

17 Jan 2020

World Seaborne Coal Trade Rose 0.7% in 2019

©  jeayesy / Adobe Stock

Seaborne coal trade around the world grew 0.7% last year, helped by higher output in China and Indonesia and more export activity by Indonesia, Australia, Russia and Canada, Germany's VDKI coal importers lobby said on Friday.Imports and exports, counted together, rose to 1.218 billion tonnes from 1.210 billion tonnes in 2018, VDKI Managing Director Franz-Josef Wodopia said in an speech made available to Reuters, citing VDKI estimates.Within the 2019 total, trade in coking coal used for steelmaking dropped by 1% to 287 million tonnes as steel production declined, the Verein der Kohlenimporteure

16 Jan 2020

Kawasaki Delivers Newbuild Bulker

Image: Kawasaki Heavy Industries

Japanese shipbuilder Kawasaki Heavy Industries  (KHI) has delivered the bulk carrier FJ Viola, with a capacity of 61,000 DWT, for F.J.Lines Inc. at the Dalian Cosco KHI Ship Engineering Co., Ltd. (DACKS).DACKS is located in Dalian City, China and operated jointly with China Cosco Shipping Corporation Limited.According to a press release from KHI, The vessel has a flush deck with a forecastle and five holds that are designed for optimum transport of grains, coal, ores and steel…

16 Jan 2020

THE Alliance Welcomes HMM

Image: Hyundai Merchant Marine

The members of THE Alliance, Hapag-Lloyd, Ocean Network Express, and Yang Ming have welcomed Hyundai Merchant Marine (HMM) as a new core member of THE Alliance.With the US Federal Maritime Commission (FMC) acceptance of HMM membership, THE Alliance offers an attractive upgraded product package and it will be launched around April 1st, 2020.Based on the existing comprehensive network of THE Alliance, the newly en-hanced product package will offer increasing frequency particularly from South East Asia…

15 Jan 2020

Baltic Index Rises on Higher Demand

© sarymsakov.com / Adobe Stock

The Baltic Exchange's main sea freight index that tracks rates for ships ferrying dry bulk commodities edged higher on Wednesday, helped by rising demand for panamax vessels.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 5 points, or 0.7%, to 768.* The capesize index dropped 92 points, or 9.5%, to 878 - its lowest since April end.* Average daily earnings for capesizes, which typically transport 170,000-180…

15 Jan 2020

China to Increase U.S. Soybean Imports

© Imago Photo / Adobe Stock

China will significantly increase imports of U.S. soybeans after the Phase 1 trade deal is signed, the Global Times reported on Wednesday, citing comments from a senior Chinese economist at a state think tank.Wang Liaowei, senior economist at China National Grain and Oils Information Center that is under the National Food and Strategic Reserves Administration, also told the paper that imports of U.S. products such as pork and cotton could also see a jump following the signing of the trade deal. (Reporting by Se Young Lee and Stella Qiu; editing by Louise Heavens)

15 Jan 2020

Maersk Chief Warns EU Antitrust Policy Benefits China, US

© Oliver Hoffman / Adobe Stock

Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview."Is it really a good idea that we don't allow the creation of a European global champion? In doing so, we risk being outperformed by a Chinese company, over which the European Union has no influence," Maersk CEO Soren Skou told Danish business daily Finans.A Maersk spokeswoman confirmed his comments to Reuters.Skou is a member of the European Round Table for Industry (ERT)…

15 Jan 2020

Prosafe Misses Payment to Cosco

Image: Prosafe SE

The largest and most versatile fleet of semi-submersible accommodation vessels in operation worldwide Prosafe SE has missed its final payment to China’s Cosco shipyard for the Safe Notos flotel.Offshore accommodation specialist  informed last November that it had re-evaluated its outlook and revised its forecasts resulting in a $341 million write down of assets and consequently a marginalized book equity amid a prolonged downturn and weaker outlook in the North Sea.Prosafe further informed that although the company had sufficient liquidity until early 2021…

14 Jan 2020

IRClass Foreign Flag Fleet Reg. Up 16%

Arun Sharma, Executive Chairman. Photo: IRClass

The Indian Register of Shipping (IRClass) said that the classed fleet registered approx. 3% growth in the past year.The ship classification society said that its foreign flag fleet continued to grow at a robust pace with 16% more vessels added during 2019 demonstrating strong global acceptance of IRClass services.IRClass received several flag authorizations in 2019 including key flags like Cyprus and Denmark and is now recognized by 45 flag states worldwide. It opened a new office in the Netherlands to add to its other European offices in the UK…

14 Jan 2020

China Tax Waiver for Cleaner Ship Fuel Exports

Copyright: Suriyapong/AdobeStock

China has approved a long-awaited tax waiver on exports of cleaner ship fuel, paving the way for refiners to boost output, though Beijing may initially limit shipments to focus on growing its coastal marine fuel market, state refiner officials say.Ships globally have switched to lower sulphur fuels, or use emissions-removing devices, to comply with new rules imposed by the International Maritime Organization this year.China's State Council, or cabinet, gave the go-ahead to waive taxes on the 0.5% or very low sulphur fuel oil (VLSFO)…

13 Jan 2020

Steel Cut for UECC Hybrid PCTC

Top: Artistic impression of the vessels, Bottom: Front left to right; Boris Bondarenko/DNV-GL, Glenn Edvardsen/UECC, Mr. Huang/Jiangnan Shipyard Group and Carl Fagergren/UECC. Photos: UECC

Norway-based provider of shortsea RoRo transportation United European Car Carriers (UECC)  held a steel cutting ceremony for its first newbuild pure car truck carrier (PCTC) on order with China Ship Building Trading and Jiangnan Shipyard Group.Representatives from UECC, NYK, Japan Marine Science, MUFG Bank, DNV-GL, SDARI, CSSC and CSTC gathered at the Jiangnan Shipyard in in Shanghai on the 8th of January 2020 to witness and celebrate the steel cutting ceremony for UECC’s first Battery Hybrid LNG Powered PCTC.Earlier…

13 Jan 2020

Tomini Adds 3 New Ultramaxes to its Fleet

Image: Tomini Shipping

Dubai-based ship owner and operator Tomini Shipping has boosted its shipping fleet with the delivery and naming of three ultramax carriers.Three vessels named Tomini Entity (63,500 DWT), Tomini Felicity (63,300 DWT) and Tomini Tenacity (63,601 DWT) were delivered on 7 January 2020.According to the company statement, the naming ceremony was held at the COSCO Shipping Ltd, Hudong Shipyard, Shanghai, China. Shoaib Seedat, Head of New Buildings and Pradeep Bajpai, Head of Fleet Management attended from Tomini Shipping together with representatives of the builder and seller…

14 Jan 2020

Wijnne Barends Orders LNG-fueled Newbuilds

Four short-sea cargo vessels being built for Wijnne Barends will feature LNG propulsion and storage systems provided by Wärtsilä. (Image: Wijnne Barends)

The Netherlands-based Wijnne Barends Chartering, an affiliate of the Dutch Spliethoff Group, has ordered four new next-generation short-sea cargo vessels from the WuHu Shipyard in China.The newbuilds will feature liquefied natural gas (LNG) propulsion and storage systems provided by Wärtsilä, making the vessels among the first of their type to be powered by LNG fuel.Because of space restrictions on short-sea cargo ships, Wärtsilä developed a customized solution in close cooperation…

12 Jan 2020

Safe Bulkers Signs Pact with Alfa Laval

Image: Safe Bulkers

The international provider of marine drybulk transportation services Safe Bulkers has entered into a service agreement  with Alfa Laval for 20 scrubber units on its vessels to meet the requirements of IMO 2020.According to the shipowner, the agreement is to minimize down time, enhance regulatory compliance and safeguard scrubber performance over the life-time of the vessel.The agreement provides for a flat yearly fee, lifecycle-oriented services from the Alfa Laval PureSOx 360° Service Portfolio…

12 Jan 2020

Odfjell Adds Bow Odyssey to its Fleet

The crew gathers for the flag hoisting. Photos: Odfjell

Odfjell SE,  a company specializing in worldwide seaborne transportation and storage of chemicals and other speciality bulk liquids, said that it took the delivery of Bow Odyssey - the third of its series of four newbuilt, 49,000 dwt chemical tankers.The Hudong class vessel was built by Hudong-Zhonghua Shipbuilding Co.Ltd Shanghai China.The so-called Hudong series consists of four sister vessels, all with the same high-end technology and advanced features that in 2019 earned the first vessel…

10 Jan 2020

French Wheat Shipments Hit 6-year High

© sandycrea / Adobe Stock

Soft wheat exports from French ports reached a six-year high in December during the on-going transportation strikes that saw loadings at several ports around the country halted intermittently for several days, Refinitiv data showed Thursday.The volume of soft wheat exported by boat last month rose to 1.34 million tonnes, the highest for December since 2013 when the country exported 1.41 million tonnes, the data showed.The second-largest French soft wheat harvest on record, smaller…

Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week

Subscribe for Maritime Reporter E-News