Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Shandong News

13 Mar 2024

Second Russian Tanker, Hit by Sanctions, Docks in China

© Nightman1965 / Adobe Stock

Russian tanker Krymsk, hit by sanctions, docked on Wednesday at the Chinese port of Dongying in eastern Shandong province, home of independent refiners, to discharge 700,000 barrels of Russian Sokol crude, LSEG and Kpler shipping data showed.This is the second Russian oil tanker, hit by sanctions, to dock at Chinese ports this month. Last week, tanker Liteyny Prospect discharged its 700,000-barrel Sokol crude cargo at the Chinese port of Huanghua near Cangzhou city in Hebei province.The Dongying port authority declined comment when contacted by Reuters.

20 Feb 2024

CNOOC Receives Approval for Second LNG Berth at Yancheng Port

© tonyv3112 / Adobe Stock

Chinese state-owned CNOOC has received government approval to build a second berth at its LNG receiving terminal in Yancheng in eastern Jiangsu province, according to a statement from the Shanghai Petroleum and Natural Gas Exchange on Tuesday.The second berth will be one of four such berths on a new platform and will have annual throughput capacity of 6 million metric tons alongside 4 million tons loading and offloading capacity, the statement said.The addition is part of an expansion project for CNOOC's Yancheng green energy port, which is designed to serve the natural gas needs of the provin

03 Jan 2024

China Unveils New Images of its Aircraft Carrier Newbuilding

Chinese President Xi Jinping delivers a New Year message via China Media Group and the Internet in Beijing. (Xinhua/Ju Peng) (Source: China Military)

Chinese state media unveiled new images of China's most advanced aircraft carrier yet, including next generation launch tracks that can catapult a wider range of aircraft from its deck.First shown to the public in June 2022, the Fujian was entirely designed and built domestically.Yet to conduct its first sea trials, the aircraft carrier is larger and technologically more advanced than the Shandong, commissioned in 2019, and the Liaoning, which China bought second-hand from Ukraine in 1998 and refitted domestically.On state television late on Tuesday…

07 Nov 2023

Weichai, Bosch Group Advance Technical Partnership

(Photo: Weichai)

China's Weichai and Germany's Bosch Group have signed a strategic cooperation agreement with the aim to advance technological innovation in areas such as new energy, high thermal efficiency diesel engines and intelligent transport, among others.On November 2, Stefan Hartung, Chairman of the Bosch Board of Management Directors of Bosch Group visited Weichai Group. He met Tan Xuguang, Chairman of Shandong Heavy Industry Group and Chairman of Weichai Power, and held discussions and…

25 Sep 2023

Taiwan Expects to Deploy Two New Submarines by 2027

© Norman Chan / Adobe Stock

Taiwan hopes to deploy at least two new, domestically developed submarines by 2027, and possibly equip later models with missiles, to strengthen deterrence against the Chinese navy and protect key supply lines, the head of the program said.Taiwan, which China claims as its own territory, has made the indigenous sub program a key part of an ambitious project to modernise its armed forces as Beijing stages almost daily military exercises to assert its sovereignty.President Tsai Ing-wen…

14 Sep 2023

China's 'Teapot' Refiners Mop Up Swelling Iranian Crude, Defying US Curbs

© Haris Andronos / Adobe Stock

Appetite for Iranian crude is growing in China, the world's biggest oil importer, after the extension of supply cuts by Saudi Arabia and Russia boosted global prices, while Tehran is stepping up output and exports despite U.S. sanctions.Although China's "teapots", or small independent refiners, are stocking up on Iran's discounted oil as they exploit robust margins to fill strong seasonal demand, big state refiners are still keeping away.Iran's crude exports of about 1.5 million barrels per day (bpd) stand at their highest in more than four years…

24 Aug 2023

Steel Cut for Rizhao Port's Two New Tugs

(Photo: Robert Allan Ltd.)

A steel cutting ceremony was held earlier this month for a pair of new tugs being built for Rizhao Port, Shandong Province, China.The two Robert Allan Ltd. designed RAmparts 3700 ASD tugs are being built at the facilities of Rizhao Gangda Shipbuilding Heavy Industry Co. Ltd.On completion, the new 39.7-meter-long tugs will perform ship-handling and coastal towing for the port, which has seen cargo handling capacity rapidly increase alongside the size of vessels calling the port.

28 Jun 2023

China's Shandong Starts Releasing Oil Stranded at Ports after Inspections, Sources Say

©komi$ar/AdobeStock

China's Shandong refining hub has begun releasing millions of barrels of oil that were stuck at ports after inspections curbed imports into the province, trading sources said following a meeting this week between officials and refiners.The easing of curbs placed on China's top oil importing province in mid-April will help free up inflows of heavy crude from Venezuela and Iran, they said. In a meeting hosted by the Shandong government on Tuesday between customs officials and independent refiners…

06 Jun 2023

UAE Tightening Insurance Cover for Ships Flying Its Flag

© Pawinee / Adobe Stock

The United Arab Emirates is tightening insurance requirements for vessels registered under its flag, according to a government advisory, amid growing concerns over ships sailing without top tier cover in the event of an oil spill.Ships typically have protection and indemnity (P&I) insurance which covers liability claims including environmental damage and injury.

05 Jun 2023

Ports in China's Oil Hub Shandong Scrutinizing Old Tankers

© Nicola / Adobe Stock

Ports in China's Shandong province are demanding more detailed information about oil tankers that are more than 15 years old that call at their terminals, sources with knowledge of the matter said, potentially delaying the unloading of crude shipments in the world's biggest oil importer.Last week, the maritime safety administrations at Qingdao and Rizhao, which covers the oil terminals at the port of Lanshan, notified shipping agencies to submit details on their ships' age, where a ship is flagged…

24 May 2023

China Scales Down Rescue Effort as Hope Fades for Missing Crew of Capsized Fishing Vessel

Credit: Sri Lanka Navy

China scaled down a rescue effort for crew missing from a capsized fishing vessel, after concluding that very few air pockets remained to keep alive any trapped survivors, state media said on Tuesday.Seven bodies were retrieved from the fishing vessel, the "Lupeng Yuanyu 028", after it capsized last week in a central area of the Indian Ocean with a crew of 39 aboard, state media have said.The ministries of transport and agriculture, along with authorities in eastern Shandong province…

22 May 2023

Seven Bodies Recovered from Capsized Chinese Fishing Vessel

Lupeng Yuanyu 028 (File image) - Image Credit: North Pacific Fisheries Commission

Seven bodies were recovered from a Chinese fishing vessel that capsized in the central Indian Ocean, according to state media on Monday, days after China President Xi Jinping ordered an all-out search to rescue and recover missing crew members.Several countries, including Australia, India, Sri Lanka, Indonesia, the Maldives, and the Philippines, joined in rescue efforts for 39 missing crew members after the Chinese distant-water fishing vessel "Lupeng Yuanyu 028" capsized early last Tuesday…

18 May 2023

China Urges Australia to Help find Crew of Capsized Fishing Boat

Illustration only - ©komi$ar/AdobeStock

China's ambassador to Australia urged Canberra on Thursday to step up its rescue efforts to help locate the 39 missing crew members on board a Chinese shipping boat that capsized in the Indian Ocean early this week.President Xi Jinping has ordered that all efforts be made to search for the missing crew, which includes 17 Chinese nationals, 17 Indonesians and five from the Philippines, state media reported on Wednesday."This is within Australia's search and rescue area ... we wish…

17 May 2023

Chinese Fishing Vessel Capsizes, 39 Missing

© trahko / Adobe Stock

A Chinese fishing vessel with 39 crew members on board has capsized in the Indian ocean and President Xi Jinping has ordered that all efforts be made to search for survivors, state media reported on Wednesday.The distant-water fishing vessel Lupeng Yuanyu 028, owned by Penglai Jinglu Fishery Co Ltd based in Shandong province, capsized early on Tuesday, state-run CCTV reported.The 39 people on board - 17 Chinese crew members, 17 Indonesians and five from the Philippines - were missing, CCTV said.Xi said all efforts should be made for the rescue and early warning alerts of safety risks would be

05 May 2023

China's Aircraft Carriers Play 'theatrical' Role But Pose Little Threat Yet

©PictMotion/AdobeStock

When China sailed one of its two active aircraft carriers, the Shandong, east of Taiwan last month as part of military drills surrounding the island, it was showcasing a capability that it has yet to master and could take years to perfect.As Beijing modernizes its military, its formidable missile forces and other naval vessels, such as cutting-edge cruisers, are posing a concern for the U.S. and its allies. But it could be more than a decade before China can mount a credible carrier threat far from its shores…

04 May 2023

How Will China's Clampdown on Mislabelled Cargoes Affect Sanctioned Oil?

Illustration only - ©Igor Kardasov

Chinese customs authorities are stepping up inspection checks on cargoes of heavy crude oil after uncovering several Iranian shipments that were mislabelled as diluted bitumen in an effort to bypass import quotas.The checks, begun a month ago, are delaying oil discharges into the eastern refining hub of Shandong province.They are also adding to uncertainty over the risk of disruption to shipments from Iran and Venezuela, while cutting into refining operations just as fuel demand recovers.

24 Apr 2023

Taiwan Tracking Chinese Carrier off its Southeast Coast

© Carsten Reisinger / Adobe Stock

Taiwan's defence ministry said on Monday that a Chinese carrier group led by the Shandong was about 120 nautical miles off the southeast of the island's coast, the same ship that took part in China's war games around the island earlier this month.Taiwan previously reported that the Shandong, commissioned in 2019, had sailed into waters in the Western Pacific through the Bashi Channel that separates the island from the Philippines ahead of a meeting between President Tsai Ing-wen and U.S.

21 Apr 2023

Tankers Face Delays at China's Shandong as Customs Hold Up Mislabelled Cargoes

©komi$ar/AdobeStock

Tankers delivering to ports in China's Shandong province are facing delays discharging their oil due to orders for tighter customs inspection checks after several Iranian cargoes were declared as diluted bitumen, traders said.Crude oil, unlike bitumen, is subject to strict import quotas and dozens of oil tankers were being inspected since last week, after customs authorities were given instructions in late March to step up checks. The delays at the terminals could cause further reductions in already low operating rates among the independent refiners in Shandong…

11 Apr 2023

Chinese Aircraft, Ships Remain around Taiwan After Drills end

Chinese warplanes and navy ships were still in the waters around Taiwan, the island's defense ministry said on Tuesday after the end of three days of war games, as Taiwan President Tsai Ing-wen criticized Beijing for its "irresponsible" behavior.China began the exercises on Saturday after Tsai returned to Taipei following a meeting in Los Angeles with U.S. House of Representatives Speaker Kevin McCarthy.China, which warned the U.S. not to allow Tsai to visit or meet McCarthy, has never renounced the use of force to bring the democratically governed island under Beijing's control.

06 Apr 2023

Taiwan Watching Chinese Movements After Beijing Denounces US Speaker Meeting

U.S. Navy aircraft carrier USS Nimitz (CVN 68) in formation with the Japanese destroyer JS Umigiri (DD 158), South Korea's destroyers ROKS Yul Gok Yi (DDG 992), ROKS Dae Jo young (DDH 977) and ROKS Choi Young (DDH 981), combat support ship ROKS So Yang (AOE 51), and the U.S. destroyers USS Decatur (DDG 73) and USS Wayne E. Meyer (DDG 108) in the East China Sea on April 4, 2023. (Photo: U.S. Navy)

Taiwan was keeping a close watch on a Chinese aircraft carrier and threats to inspect ships in the Taiwan Strait on Thursday after Beijing condemned a meeting between Taiwan President Tsai Ing-wen and U.S. House Speaker Kevin McCarthy.McCarthy - the third highest ranking official in the U.S. leadership hierarchy - and other Republican and Democratic lawmakers met Tsai on Wednesday at the Ronald Reagan Presidential Library in Simi Valley, California.The meeting took place at a low ebb of U.S.-China relations and despite threats of retaliation from Beijing…

02 Mar 2023

China Importing Russian Oil at Record Pace

© Igor Groshev / Adobe Stock

China's seaborne imports of Russian oil are set to hit a record this month after refiners took advantage of cheap prices as domestic fuel demand rebounded, but Russia's plan to cut exports will likely cap buying in coming months.Hefty Chinese buying, alongside robust Indian demand, has been spurred by steep price discounts but is providing Moscow much-needed revenue after the Group of Seven imposed a $60 price cap on Russian crude."Price is the king," said a purchasing manager…

09 Feb 2023

Oil Shipping and Refining Firms Benefit from Western Sanctions on Russia

© komi$ar/AdobeStock

Western sanctions on Russia have significantly reduced state oil revenues and diverted tens of billions of dollars towards shipping and refining firms, some with Russian connections.Most of the winners from the sanctions are based in China, India, Greece and the United Arab Emirates, at least 20 trading and banking sources said. A handful are partly owned by Russian companies.None of the firms is breaching sanctions, the sources told Reuters, but they have benefited from measures…

16 Jan 2023

Iranian Oil Exports End 2022 at a High, Despite No Nuclear Deal

© leodeep / Adobe Stock

Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 despite U.S. sanctions, according to companies that track the flows, on higher shipments to China and Venezuela.Tehran's oil exports have been limited since former U.S. President Donald Trump in 2018 exited a 2015 nuclear accord and reimposed sanctions aimed at curbing oil exports and the associated revenue to Iran's government.Exports have risen during the term of his successor President Joe Biden, who had sought to revive the nuclear deal, and hit the highest since 2019 on some estimates.