Cosco Shipping News

Wärtsilä will supply the methanol-fueled auxiliary engines for five new container vessels for COSCO Shipping Lines and seven new container vessels for Orient Overseas Container Line.Each vessel will operate with three 8-cylinder and two 6-cylinder Wärtsilä 32M engines. This is the Chinese maritime sector’s largest order to date for methanol-fueled newbuild vessels. The order was booked by Wärtsilä in December 2023.To complement the solution, the ships will be equipped with the Selective Catalytic Reduction (SCR) exhaust cleaning systems and alternators.

China's Cosco Shipping confirmed that investment in Peru's Chancay port continues and that it expects a quick resolution to a pending question over exclusivity rights to the facility, a local executive told reporters on Tuesday.Carlos Tejada, the company's general manager in Peru, made the announcement at an international trade event in the capital Lima.Last month, the Asian shipping firm said it was evaluating the impact of a move by Peru's government to annul the exclusivity it holds over operations at the under-construction megaport, seen as a key driver of growth for the South American cou

A resolution to end a dispute between Peru and China's Cosco Shipping could come as soon as this week to ensure a megaport will start operations as planned by the end of the year, Peru's Prime Minister Gustavo Adrianzen said on Thursday.The Peruvian port authority said in Marchit hoped to annul its decision granting exclusivity of the port's operations to Cosco, citing an "administrative error."Cosco, which is investing $1.3 billion in the first stage of the terminal, has said the push affects the "security and legal stability of investments."On Thursday…

Iridium Communications has announced Cosco Shipping (CSSC), the world's largest fleet of commercial vessels with 1,417 ships, has begun installation of Iridium® Global Maritime Distress and Safety System (GMDSS) terminals.The recent installation of the Lars Thrane LT-3100S terminal on the Cosco Tengfei is a testament to CSSC always prioritizing the safety of its crew, ships, and cargo, says Iridium.The Cosco Tengfei is a modern pure car and truck carrier (PCTC) vessel capable of transporting up to 5,000 vehicles.

Hede (HONGKONG) International Shipping Limited has been classified by the US Federal Maritime Commission as a controlled carrier of the Government of the People’s Republic of China and added to the agency’s Controlled Carrier List.The Controlled Carrier List was further revised by removing COSCO Shipping Lines (Europe) GmbH, which has ceased serving the US trades and has cancelled its tariff. Other COSCO entities remain on the list.Controlled Carriers are ocean common carriers operating in the US-foreign trades that are…

French shipping company CMA CGM and its business partners COSCO Shipping 601919.SS, Evergreen 2603.TW and OOCL said on Tuesday that they had agreed to extend their 'OCEAN Alliance' co-operation deal for another five years beyond 2027, to 2032.The 'OCEAN Alliance' partnership aims to help customers deal with their supply chains by offering up fast transit times and access to a wide range of ports, said CMA CGM.The agreement to extend the partnership was signed in Shanghai on Tuesday."The decision to extend our co-operation for at least five more years forges our commitment to meet our customers

Altera Infrastructure has hired DOF to install Voyageur Spirit floating production, storage and offloading (FPSO) unit as well as one floating storage unit (FSO) at Eni-operated Baleine oil field offshore Ivory Coast.The project includes the complete installation of seabed mooring systems, flowline between the FSO – a converted shuttle tanker Nordic Brasilia - and the Voyageur Spirit FPSO, along with their associated equipment.The contract for the redeployment of the FPSO and the FSO was secured by Altera back in October 2023.Voyageur Spirit is a cylindrical-shaped FPSO…

China''s Mawai Shipyard has started building the first in a series of 22 new multipurpose cargo carriers for COSCO Shipping Specialized Carriers (Southeast Asia) Pte. Ltd.The 85,000 DWT series vessel will measure 225 meters long with a breadth of 36 meters, a depth of 21.05 meters, a designed draft of 10 meters, and a designed speed of 15.5 knots.According to the construction plan, all 22 vessels in this series are scheduled for delivery between 2025 and 2026.The ships will primarily serve the export of Chinese manufacturing equipment in sectors such as automobiles…

Angad Banga of The Caravel Group was elected Chairman of the Hong Kong Shipowners Association at the organization’s annual meeting held on November 22, 2023.Banga succeeds Wellington Koo, of Valles Steamship, who stepped down after completing his two-year term as Chairman.Richard Hext of Swire Shipping was elected Deputy Chairman, succeeding Banga. Qian Weizhong of COSCO Shipping (Hong Kong) and Wang Yongxin of China Merchants Energy Shipping Company Limited were re-elected as the Vice Chairmen.Koo…

Swiss marine power company WinGD announced it will supply X-DF-M methanol-fueled engines for a series of six container vessels to be built at Yangzijiang Shipbuilding in China. The 9,000 TEU vessels will each be powered by an X82DF-M engine built by HD Hyundai Heavy Industries’ Engine & Machinery Division (HHI-EMD), to be delivered in August 2025. The new vessel series will enter service in 2026 and 2027.The new order, which includes options for further engines, expands WinGD's methanol engine orders into the 82-bore size.

BIMCO’s Chief Shipping Analyst, Niels Rasmussen, has revealed that Greek and Chinese shipping companies now own 34% of the global fleet’s cargo capacity, with Greek owners leading on cargo capacity.“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships owned by Greek and Chinese shipping companies contribute 34% of the total fleet’s deadweight tonne capacity,” says Rasmussen.Although consolidation has been significant within the container shipping segment…

Varamar DMCC has entered into a strategic commercial partnership with ASL Shipping & Logistics Pvt Ltd, a COSCO Shipping Group company,  with the aim of helping both companies to strengthen their respective trades.Varamar, a liner and tramp carrier that specializes in breakbulk, dry-bulk, oversized, and containerized cargo, has historically focused on trade lanes connecting Europe with the Middle East, Asia, and the Far East, while also trading to Africa and the Americas. The recent expansion of Varamar to 10 international branches…

Maritime clean technology company Silverstream Technologies announced it has signed an agreement in principle (AIP) with China Classification Society (CCS), the primary class society in China that serves the shipping, offshore and related industrial industries.This is Silverstream’s first agreement of this nature with a classification society. The AIP confirms that CCS has reviewed and verified the Silverstream System’s design drawings and provides an independent class verification of its generic system design.

Safetytech Accelerator, a non-profit established by Lloyd’s Register, has confirmed that UK maritime insurers, the UK P&I Club and TT Club, have signed up for its Cargo Fire & Loss Innovation Initiative (CFLII).The Initiative, launched in February 2023, is a multi-year collaborative technology acceleration program focused on reducing cargo fires and loss in maritime and its impact. It is already supported by anchor partners COSCO Shipping Lines, Evergreen Line, HMM, Lloyd’s Register…

BW LPG has demonstrated the value of dual-fuel LPG operations beyond the company’s initial aim of meeting IMO 2020 Sulphur Cap regulations.In October 2020, the LPG carrier BW Gemini became the first very large gas carrier (VLGC) to have its low-speed main engine converted to an LPG dual-fuel engine. The project started several years earlier, sparked by Oslo-listed BW LPG’s preparations for the IMO’s 2020 Sulphur Cap regulations.Compared to heavy fuel oil, LPG reduces Sox emissions by approximately 97%…

Interest in methanol as an alternative fuel has grown in the shipping industry, which seeks to achieve net-zero emissions by 2050.Below is a list of upcoming methanol bunkering-related projects by companies and ports:COMPANIES:A.P. Moller-MaerskMaersk received the world's first methanol-enabled container ship in July. It has 24 more such vessels on order to help it to achieve its goal of using low-emission fuels to transport a quarter of its volumes by 2030.HD Hyundai Heavy Industries expects to build a dozen more such vessels…

COSCO Shipping Development’s 700 TEU electric container vessel (N997) has been launched at COSCO SHIPPING Heavy Industry (Yangzhou). COSCO says the launch marks a significant advancement in the adoption of fully battery-powered vessels in inland waterways.In May, COSCO Shipping Heavy Industry (Yangzhou) commenced work on a second 700 TEU electric container ship (N998). Powered by portable container-sized batteries, the ship is a 10,000dwt specific route river/coastal ship with an LOA of 119.8 meters…

COSCO SHIPPING Special Carriers has taken delivery of its second 68,000ton ice-class multi-purpose general cargo and pulp carrier, Green Kotka.The methanol-ready ship is the second in a series of ships built by Dalian COSCO SHIPPING Heavy Industry, a subsidiary of COSCO SHIPPING Heavy Industry. The series of ships are claimed to be the world's largest ice-class multi-purpose pulp ship built and delivered in China.The Green Kotka is 226.8 meters (744 feet) long and has a design speed of 14.8 knots.

On July 2, COSCO Shipping Bulk's 400,000-ton ore carrier Yuanyihai successfully completed what the company claims is the fasters unloading of iron ore in the world.The unloading operation took place in Dongjiakou Port Area of Qingdao Port. It took only 30.7 hours to complete the unloading of 375,500 tons of cargo.COSCO Shipping Bulk coordinated with the port to formulate a plan to speed up the unloading and arranged for the representative of COSCO Shipping Bulk Beijing Branch in Qingdao and the ship’s crew to cooperate on the effort.After the Yuanyihai berthed…

COSCO shipping claims a new record for the heaviest tonnage and largest volume of a single piece of cargo carried.The record came with the smooth departure of the deepwater drilling platform, Deep Blue Exploration, transiting from Singapore to China on the 80,000-ton semi-submersible ship Xin Yaohua operated by COSCO Shipping Special Transport.CNOOC's Deep Blue Exploration platform is the world's first drilling platform independently designed and built by in China to obtain DNV’s smart certification.

OOCL’s 24,188 TEU ultra-large container ship OOCL Felixstowe has been officially named at COSCO Dalian Kawasaki shipyard.The Oriental Felixstowe is the fourth of 12 ultra-large container ships which are among the world’s largest. They are being built by COSCO Shipping Heavy Industry for OOCL, and the third, OOCL Piraeus, entered operation on May 30.Yang Zhijian, Chief Executive Officer of OOCL, said: “We ordered this series of ultra large container vessels not only to provide better services to our customers…

Danish shipowner NORDEN has recently placed a newbuilding order for six dry cargo vessels from Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS), a joint venture between COSCO Shipping and Kawasaki Heavy Industries, for delivery in the next two to three years. All six orders are for Supramax vessels with a capacity of 64,000 deadweight tonnes.NORDEN's Head of Asset Management, Henrik Lykkegaard Madsen, said, “Placing this newbuilding order is an integrated part of our asset trading strategy…

COSCO Shipping Ship Services has launched a Smart Sailing platform which includes a CII digital toolbox, an intelligent anti-collision solution, and a crew behavior recognition solution.The Smart Sailing platform aims to improve ship service levels and capabilities. Initial focus has been on low-carbon operations, navigation safety and smart supply chains. The platform uses artificial intelligence, big data, Internet of Things and other new-generation information technologies.In the future…