Yong Sheng News

Chinese oil giant Sinopec has signed a 20-year liquified natural gas contract with U.S. LNG producer and exporter Venture Global LNG on November 4, 2021, to purchase 4 million tons of LNG a year. Venture Global will supply the LNG from its plant in Plaquemines, Louisiana. Also, China International United Petroleum & Chemicals ("UNIPEC"), a subsidiary of Sinopec, will buy LNG resources totaling 3.8 million tons from Venture Global's Calcasieu Pass project.Ma Yongsheng, president of Sinopec…

China will send more ships flying its flag to take the Northwest Passage via the Arctic Ocean to cut travel times between the Atlantic and Pacific oceans, says the state news agency Xinhua. The world's largest maritime carrier China COSCO Shipping Corporation will send more cargo vessels on Arctic voyages through the Northeast Passage. COSCO's freighter Yongsheng set out Saturday in northern port city of Tianjin for Britain. The ship will travel through the Arctic Ocean shipping route for the third time following voyages in 2015 and 2013, when it became China's first commercial vessel to explore the Northeast Passage. At least two more huge freighters will travel on the route in August in separate voyages, said the company.

Facing changing climate conditions in the Arctic which have effectively generated new opportunities shipping in the region, classification society ABS and commercial shipper China Ocean Shipping (Group) Company (COSCO) have signed a cooperation agreement aiming to enhave trans-Arctic shipping development. Signing the agreement in Shanghai were ABS Greater China Division President and COO Eric Kleess and Captain Meijiang Cai, Director of COSCO Safety & Technology Supervision Division. ABS Senior Vice President and Chief Technology Officer Howard Fireman and COSCO Executive Vice President Yuhang Wang were also in attendance at the signing ceremony.

China Ocean Shipping (Group) Company (COSCO) plans to launch regular services through the Arctic Ocean to Europe, as global warming makes the route viable and Beijing steps up its northern ambitions, says a report in AFP. Cosco’s Yong Sheng vessel completed its second round trip Arctic voyage between China and Europe in October. It sailed nearly 20,000 nautical miles during the 55-day voyage. The company managers consider the possibilities of normalizing the Arctic shipping route of Yong Sheng, which will decreased the transportation costs and will increase the speed of the loop. “The company is considering increasing the number of ships sailing via the new path,” said Cai Meijiang, general manager of the safety and technical supervision department at Cosco.

Federal Maritime Commissioner William P. Doyle addressed attendees of the Center For Strategic and International Studies (CSIS) Arctic Maritime Awareness seminar on September 27, 2013. The seminar, held at the Finnish Embassy in Washington, DC, was attended by representatives with Arctic interests and featured the Finnish Ambassador to the United States, the Finnish Minister of Transport, the General Director of the Finnish Transport Agency, the head of the Economic Section for the Russian Embassy and the U.S. Coast Guard’s Deputy Commandant for Operations.

Krishnapatnam Port achieved a record discharge rate of 42,527 MT of coal in 24 hrs for vessel MV Marina berthed on Jan. 24, 2010. A few days prior to that, the port achieved its highest fertilizer discharge rate of 21,200 MT in 24 hrs for vessel MV Ghent Trader on Dec. 26, 2009. Another record was set when port has loaded 5,340 MT of granite within 24 hrs in the vessel MV Yong Sheng on Jan. 15, 2010. All these records were achieved by using the non-mechanized cargo handling system. Krishnapatnam port has added three more shore cranes, thus owning a total of seven shore cranes. As part of on-going development, a new berth is now opened for operations and the permissible drafts at the port are increased to attract bigger vessels.