Owned Shipping News

China has called for an end to attacks on civilian vessels in the Red Sea that have dramatically widened the Hamas-Israel conflict and placed Beijing's commercial interests along the Suez Canal at risk.The Iran-backed Houthi militia from Yemen that seeks "Death to Israel" is challenging the ability of the world's biggest trading nation to defend billions in strategic investments in Egypt.Since President Abdel-Fattah el-Sisi came to power in 2014, China has stepped up its investment and commercial activities along Egypt's Suez Canal…

A report into the security of Western Australia's supply chains has recommended policy and regulatory reforms to support Australian-owned shipping lines competing for domestic sea-freight work.The recommendation has been made in a report by the Western Australian (WA) Government's Shipping and Supply Chain Taskforce. Co-chaired by Kyle McGinn and Jessica Stojkovski, the Taskforce was established following the floods in South Australia in early 2022 that cut off supplies of essential…

Royal Wagenborg renewed and extended Castor Marine’s Global Ku VSAT connection for multiple years.Since 1898 the Dutch family-owned shipping company has been crossing the oceans, evolving to a fleet operator with about 200 vessels. Besides the extension of 52 Global Ku VSAT contracts, Castor Marine will equip an additional 15 Wagenborg vessels, currently on 4G, with VSAT. For more than eight years the company has provided VSAT, Iridium, Inmarsat FBB, and IT services to the Wagenborg fleet.

An Iranian cargo ship has come under attack in the Red Sea, Al Arabiya TV reported on Tuesday, quoting unnamed sources, and semi-official Iranian news agency Tasnim said the vessel was targeted by a limpet mine.Al Arabiya cited the sources as saying the vessel was attacked off the coast of Eritrea and was affiliated with Iran’s Revolutionary Guards, but provided no evidence to support the assertion.Tasnim identified the ship as the Iran Saviz. “The vessel Iran Saviz has been stationed in the Red Sea for the past few years to support Iranian commandos sent on commercial vessel (antipiracy) escort missions,” it reported.Reuters could not independently verify the report.

Israel accused Iran on Wednesday of being linked to a recent oil spill off its shores that caused major ecological damage, calling the incident environmental terrorism.The spill was caused by an oil tanker that was carrying pirated cargo from Iran to Syria last month, Israeli Environmental Protection Minister Gila Gamliel said.The vessel sailed through the Gulf and the Red Sea without radio contact, switching its tracking devices back on before passing through Egypt's Suez Canal, Gamliel told reporters.It turned the devices off again before entering Israeli waters in the eastern Mediterranean, and dropped oil into the sea between Feb.

Chinese state-owned shipping company COSCO Shipping Lines, Hong Kong container shipping company Orient Overseas Container Line (OOCL), Japanese/Singapore container shipping company Ocean Network Express (ONE) and Taiwanese ocean shipping company Yang Ming Marine Transport Corporation are to launch a new weekly Transatlantic service, East Mediterranean - America Service (EMA).The first commencing voyage is scheduled to operate on April, 2020, subject to Federal Maritime Commission (FMC) filing.The EMA service, jointly operated by the four lines, will consist of six Panamax vessels. The port rotation for the weekly service is Mersin - Haifa - Alexandria - Istanbul - Piraeus - Genoa - Algeciras - New York - Norfolk - Savannah - Algeciras - Mersin.EMA…

China’s largest offshore oil and gas producer China National Offshore Oil Corporation (CNOOC) and Chinese state-owned shipping and logistics giant China Ocean Shipping Company (COSCO) signed a strategic cooperation framework agreement.Capt. Xu Lirong, Chairman of COSCO Shipping, Wang Dongjin, Chairman of CNOOC, Mr. Fu Gangfeng, Director of the Board and President of COSCO shipping and Xu Keqiang, Vice President of CNOOC witnessed the signing of the agreement.Huang Xiaowen, Executive Vice President of COSCO Shipping and Ms. Wen DongFen, Chief Accountant of CNOOC inked the agreement on behalf of the two sides.Han Jun, Assistant to the President of COSCO Shipping and Chairman of COSCO Shipping Logistics…

The tanker market fundamentals are expected to be strong through the upcoming winter months and into 2020 on the back of firm tanker tonne-mile demand, low fleet growth over the next two years, and supportive near-term factors, including the impact of IMO 2020 and geopolitical factors.Crude tanker spot rates started firming in September 2019 on the back of tighter market fundamentals prior to spiking in late-September and into October 2019 to the highest level since the peak of the super cycle in 2008, Teekay Tankers said.The recent volatility in crude tanker spot rates has been driven by a combination of firm underlying supply and demand fundamentals and a series of other events…

The sanctions imposed by the United States on subsidiaries of Chinese state-owned group COSCO have not affected the world's biggest dry bulk shipper BHP , the mining company said, after carrying out due diligence to check.In one of the biggest sanctions actions taken by the U.S. government since its crackdown on Iranian oil exports, Washington imposed sanctions on Chinese companies in late September for alleged involvement in moving crude oil from Iran.COSCO Shipping Tanker (Dalian)…

China's Unipec has resumed using tankers owned by COSCO weeks after it suspended bookings due to U.S. sanctions on some of the Chinese shipping company's subsidiaries, trade sources said on Tuesday.Refinitiv data showed one COSCO owned tanker - belonging to a subsidiary not affected by the U.S. sanctions - was sailing to Asia with a cargo of oil chartered by Unipec, the trading arm of Asia's top oil refiner, Sinopec.Sinopec officials did not immediately respond to requests for comment after business hours.In one of the biggest sanctions actions taken by the U.S.

At least three tankers are on their way to Asia with U.S. oil cargoes after Washington gave temporary approval to wind down transactions with a Chinese shipping company that it sanctioned last month, according to data and shipping sources.In one of the biggest sanctions actions taken by the U.S. government since its crackdown on Iranian oil exports, Washington on Sept. 25 announced sanctions on Chinese tanker companies, including COSCO Shipping Tanker (Dalian), a subsidiary of…

Canadian National Railway (CN) announced that COSCO Shipping has chosen CN to be the exclusive rail provider for the Chinese state-owned shipping company's discharge at the Ports of Vancouver, Prince Rupert, Montreal, and Halifax to all currently served CN destinations.“We are proud that CN’s supply chain logistics and focus on growth has earned the continued trust of COSCO shipping’s business,” said Keith Reardon, senior vice-president of consumer product supply chain at CN.“This is yet another strategic contract signed recently. By choosing CN to service all inland destinations on the network, COSCO will be well positioned to benefit from a unique tri-coastal access.

Finnish family owned shipping company is taking steps to cut vessel emissions through the use of bio-oil and low sulphur fuel, with its plans to create a zero-waste fleet in the future.Meriaura has been working with the Finnish Transport Safety Agency TRAF on a study looking at ways of reducing ship-generated waste. The group announced a research cooperation with TRAF in the end of 2018, aiming to reduce ship-generated waste.Meriaura has also joined Suomen Uusioraaka-aineliitto (Alliance of Finnish Raw Material Recycling).The recycled raw material alliance promotes the procurement, processing and use of recycled materials in an economically and environmentally sustainable manner.

Russia's second largest natural gas producer Novatek, Russian maritime shipping company specializing in petroleum and LNG shipping Sovcomflot, Chinese state-owned shipping and logistics services supplier company COSCO Shipping Corporation Limited, and the Chinese government owned investment fund Silk Road Fund, signed a four-party agreement to establish a joint venture Maritime Arctic Transport LLC.The focus of the Maritime Arctic Transport joint venture is to manage an icebreaking tanker fleet of Arctic ice-class vessels, comprising existing and new vessels, engaged in the transportation of LNG for current and planned NOVATEK projects…

The Singapore-based family-owned shipping company Pacific International Lines (PIL)  announced that PIL will be enhancing our Transpacific service by offering direct services from Vietnam to the U.S West Coast, with effect from end April 2019.America China Service 5 (AC5) will be adding Haiphong as first port of call with effect from 30th April 2019.Full rotation of America China Service 5 (AC5): Haiphong - Nansha - Hong Kong - Yantian - Long Beach - Oakland - Yantian - HaiphongPIL also launched a new string, America Cai Mep Service 2 (AC2), achieved through slot agreement on Ocean Alliance PSW3 service, with effect from 28th April 2019.Full…

Gold Talent, Cosco Shipping Logistics and JD Logistics  entered into a cooperation agreement to jointly invest in online logistics platform EShipping through a joint venture (JV) formation.Gold Talent is a wholly-owned subsidiary of Hong Kong-based logistics major Orient Overseas (International) Limited (OOIL). Cosco Shipping Logistics is an affiliate of Chinese state-owned Shipping and logistics services supplier company China Cosco Shipping Corporation Limited. JD Logistics is the delivery arm of Chinese e-commerce giant JD.com.The JV formation will involve the injection of the JD Onshore Company into the JV by JD Logistics and the acquisition of the JD Offshore Company by the JV funded by JD Logistics…

Chinese state-owned Shipping and logistics services supplier company COSCO Shipping Lines has signed a low sulfur fuel oil (LSFO) supply agreement with Double Rich Limited, a subsidiary of China Marine Bunker (Petro China).According to the agreement, Double Rich limited will provide the Shipping line with ‘fuel oil with sulphur content not exceeding 0.5% m/m’ conforming to the regulation of International Maritime Organization (IMO).By keeping promoting and applying diverse and advanced emission reduction technology and optimizing management pattern, COSCO Shipping Lines will try their best to push forward to realize GREEN Shipping."Signing the LSFO supply agreement is an important measure of COSCO Shipping Lines actively fulfilling MARPOL of IMO…

Chinese state-owned shipping and logistics services supplier company COSCO Shipping Lines announced a new COSCO feeder service from St Petersburg, Russia will begin calling at DP World Southampton."COSCO is to introduce a new weekly call at DP World Southampton, as part of a rotation including St Petersburg, Russia; Kotka, Finland; Southampton, UK; and Rotterdam, Netherlands," said a press release.The news comes after COSCO confirmed in February that DP World Southampton will be a permanent call on its feeder service. The MV Alexander B operated by COSCO shipping, is scheduled to call at DP World Southampton on 27th March.“Traditionally it is the ports on the east coast of the UK that serve Russia and the Baltics.

Canada's Fednav Limited takes ownership of a 60th bulk carrier, an important milestone in Fednav’s history. This vessel, the MV Federal Dee, is the latest in a series of 22 box-hold handysize bulk carriers of 34,500 deadweight tons ordered from Oshima Shipyard of Japan since 2013. As the world’s largest operator of ice-class dry-bulk carriers and Canada’s leading ocean-going, dry-bulk shipowning and chartering group, Fednav operates a modern and high-performing bulker fleet of over 100 ships, the majority of which are owned. The company continues to invest extensively in its fleet rejuvenation and extension program to offer customers the highest quality ocean transportation solutions, while reducing the fleet’s environmental footprint.

China Ocean Shipping (Group) Company (Cosco Shipping) started shipment of Toyota exhibits, which will be displayed at the 1st China International Import Expo (CIIE), at Honmoku Pier, Yokohama in Japan.Cosco Shipping (Japan) and Cosco Shipping Lines (Japan) provided transport service for these exhibits, the company said in its press release.This first batch of exhibits, which are the latest models of Toyota, were loaded in flat rack containers and carried by M.V. China Shipping Tokyo from Yokohama to Shanghai.To ensure smooth transportation for this Expo, Cosco Shipping (Japan) and Cosco Shipping Lines (Japan) have customized total logistics…

The Clean Arctic Alliance welcomes the joint statement by  Russian President Vladimir Putin and Finnish President Sauli Niinisto on the need to move to cleaner ships’ fuels such as LNG in the Arctic.Speaking on behalf of the Clean Arctic Alliance, Alexey Knizhnikov of WWF Russia said that “the risks of using heavy fuel oil in the Arctic are too high, and we welcome President Putin and President Niinisto’s vision and leadership in seeking to move to cleaner fuels for Arctic shipping. We should now expect that the Russian Federation’s position on the HFO issue will be adjusted in line with President Putin’s statement, and we hope to see…

The Finnish Aalto Shipping Company started its operations in spring 2018. The Taaleri Group owned shipping firm acquired two modern ice-strengthened dry bulk carriers for its fleet and started operating them under the Finnish flag.A new ice-strengthened vessel will be transferred to Aalto Shipping Company’s ownership in September, and it has been chartered for several years starting in October.The ship will operate mainly in the Baltic Sea and North Sea; it has excellent cargo capacity and can manage well even in difficult Nordic Sea ice conditions. The vessel will be renamed m/s Airisto and will fly the Finnish flag. Its home port will be Turku.“We are pleased that we are again increasing the tonnage sailing under the Finnish flag.

Russian state-owned shipping company Sovcomflot said on Tuesday that uncertain conditions in the freight market are delaying its long-planned initial public offering (IPO).The Russian government has weighed a listing of Sovcomflot for years as part of broader privatization plans, but obstacles ranging from weak markets to international sanctions placed on Russians over Moscow's role in Ukraine crisis have prevented an IPO.The Russian economy ministry has said it had hoped to raise…