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China's First

Chinese Yards to Build More LNG Tankers

Chinese shipbuilders are gearing up to build liquefied natural gas (LNG) tankers as the government approves more projects to import the fuel. China's first home-built LNG tanker will be completed in November by Shanghai's Hudong-Zhonghua Shipbuilding Co, which has orders for three more at about $200 million apiece. Another three Chinese shipmakers are ready to build the tankers, the most complex and expensive type of cargo carrier. Next month, China will receive its first cargo of LNG in Guangdong from Australia amid plans to double gas use by 2010 to curb coal pollution. The country is developing its domestic shipbuilding industry to secure transportation of imported raw materials for the expanding economy. China's shipyards plan to double capacity by 2010 as they compete with rivals in South Korea and Japan for market share. Shipowners spent $71.5 billion on new vessels last year, 6.3 percent less than in 2004, as record prices curbed orders for container ships, dry-bulk carriers and tankers. (Source: Bloomberg)


CNOOC Pairs with Husky to Explore Deep Water Oil

CNOOC Ltd.’s unlisted parent company plans to start deep water oil and gas exploration in the South China Sea with Canada's Husky Energy Inc. next year, according to AP report. If the scheduled exploration finds sizable reserves in a bloc in the South China Sea about 185 miles south of Hong Kong, it will be China's first deep water oil and gas field. CNOOC's parent company is currently restricted to pumping oil and gas offshore at no deeper than 350 m


China Chooses Xian as Nation's First International Hub Port

China logistic network: Schematic courtesy of Xian Hinterland International Transit

Shaanxi province plans to build China's first hinterland international intermodal transit hub port to link the overland international freight route [see map] which they dub a new 'silk road', reports Xinhua. The proposed Xian Hinterland International Transit Hub Port will focus on international logistics transit business and develop itself into a strategic pivot offering services between China's east coastal and western regions.


ROC Navy to Have First Female Warship Captain

A young naval officer will soon become the Republic of China's first female warship captain after completing a series of stringent training and grueling tests. Naval Lt. Commander Hsieh Ai-chieh, 30, will set a precedent in the Navy of the Republic of China to lead the 500-ton domestically-developed Chinchiang-class auxiliary warship. Hsieh, growing up in central Changhua County, passed her opportunity to enter one of the top universities in 1944.


China lends Argentina $7.5 bln for Power, Rail Projects

Argentine President Cristina Fernandez and her Chinese counterpart, Xi Jinping,

  Argentina signed deals on Friday to borrow $7.5 billion from China at a time when the Latin American country cannot tap global capital markets because of disputes over unpaid debt. Among the deals signed, Argentine President Cristina Fernandez and her Chinese counterpart, Xi Jinping, agreed on a loan for $4.7 billion from the China Development Bank for the construction of two hydroelectric dams in Patagonia


Chinese Ship Sales Legally To Taiwan

More than half a century of family division ended in hugs and tears of joy on Tuesday after the first mainland Chinese ship to sail legally to Taiwan since 1949 arrived at the heavily-fortified island of Quemoy. The China-registered Gulangyu, or Piano Island, docked to be welcomed by the sounds of gongs, drums and firecrackers, in another sign of rapprochement efforts between the long-term adversaries. Aboard the passenger ferry were 80 elderly Quemoy natives stranded on the mainland since


SINOPACIFIC’s Design SPP17A Secures First Order from Mexico

SINOPACIFIC’s In-house Design SPP17A Secures First Order from Mexico

  Sinopacific Shipbuilding Group (SINOPACIFIC), has recently signed a contract with a Mexican shipping company, Naviera Petrolera Integral S.A. de C.V. for the construction of 3 (three) SPP17A vessels. All vessels will be built in SINOPACIFIC’s Zhejiang Shipyard and are expected to be delivered before the end of 2015. Following that, the new vessels will be used by PEMEX, Mexico’s largest governmental owned oil company


China's First LNG-powered Tugs to Have Wärtsilä Engines

Wärtsilä 34DF Engine: Photo credit Wärtsilä

Wärtsilä to supply dual fuel main engines for two environmentally sustainable tugs being built by China National Offshore Oil Corp subsidiary The tugs are being built for CNOOC Energy Technology & Services Limited (CETS), a subsidiary of the state-owned China National Offshore Oil Corp. (CNOOC). The vessels are the first in a planned series to be fuelled by liquefied natural gas (LNG), and will be the first tugs in China ever to be operated on gas


China Province Starts Taiwan Direct Shipping Route

North China's Hebei Province recently opened the first direct cargo route to Taiwan when a cargo of 36,000 tonnes of coal left Qinghuadao Port for Taiwan Direct trade routes between China & Taiwan have been frozen for a number of years. The Wuxing 6 bulk carrier left Qinghuadao Port, China's largest coal transfer port, for the Taitung and Kaohsiung ports in Taiwan, Tuesday marking the first cargo shipment between Hebei and Taiwan.


China's Q1 Trade with N.Korea up Despite Sanctions

China's trade with North Korea rose in the first quarter in spite of tough new international sanctions this year targeting Pyongyang's banned nuclear program, including curbs on coal imports.   Imports from the isolated country, consisting mainly of coal and clothes, rose 10.8 percent from a year earlier, customs spokesman Huang Songping said on Wednesday.   China's exports to North Korea in the first quarter rose 14


PetroChina Unloads First US SPR Cargo

File Image (CREDIT: AdobeStock / (c) Carabay)

PetroChina is this week unloading the first Chinese purchase of crude oil from U.S. strategic petroleum reserves at a port in eastern China, according to shipping data and two industry sources.   The move comes as China, the world's No


CSSC to Build Research Vessels

Photo:  China State Shipbuilding Corp

 China's government controlled China State Shipbuilding Corp (CSSC) is going beyond building navy vessels and making advanced scientific research ships, Xinhua reported.   CSSC has been focussing on defence sector till now. It was the largest supplier of surface combatants to the


China Acquires Global Ports: FT

File photo: China COSCO Shipping

 With the aim to dominate maritime industry China has been acquiring overseas ports with huge investments which crossed USD 20 bln last year, Financial Times reported.   Beijing has spent billions expanding its ports network to secure sea lanes and establish itself as a maritime power


North Natuna Sea: Striking at China Claims

Indonesia renamed the northern reaches of its exclusive economic zone in the South China Sea as the North Natuna Sea on Friday, the latest act of resistance by Southeast Asian nations to China's territorial ambitions in the maritime region.


Drilling in Disputed South China Sea may Resume

Drilling for oil and natural gas on the Reed Bank in the South China Sea may resume before the end of the year, a Philippine energy official said on Wednesday, as the government prepares to offer new blocks to investors in bidding in December.  


Vietnam Renews India Oil Deal In Tense South China Sea

Vietnam has extended an Indian oil concession in the South China Sea and begun drilling in another area it disputes with China in moves that could heighten tensions over who owns what in the vital maritime region. The moves come at a delicate time in Beijing's relations with Vietnam


Mayor of Shanghai Visits CMA CGM Tower

Photo: CMA CGM

 Rodolphe Saadé, Chief Executive Officer of CMA CGM Group, has received this Tuesday, July 4, 2017, Yong YING, Mayor of Shanghai, who is on an official visit to Marseille for the signature of the 30 years of twinning between the two cities.  


China’s Largest Box Ships Powered by ABB Turbochargers

Photo: ABB Turbochargers

ABB turbochargers are powering the main engines and auxiliary engines of the largest containership ever built in China, a 20,000 TEU vessel named COSCO Shipping Taurus, launched in June 2017.  This first ship was built by Shanghai Waigaoqiao Shipbuilding Co


China Launches New Class of Naval Destroyer

China's military on Wednesday launched a new type of domestically-built destroyer, state media said, the latest addition to the country's rapidly expanding navy.   The 10,000-tonne warship was launched at the Jiangnan Shipyard in Shanghai, the official Xinhua news agency said


Korean Shipbuilding Parts Export to China Surge

© lnzyx / Adobe Stock

China's imports of shipbuilding parts and equipment produced by South Korean firms surged this year, Yonhap reported.   The report quoted Korea Trade-Investment Promotion Agency (KOTRA) saying that China's imports of South Korean shipbuilding parts and equipment reached US$28


Asia Tankers-VLCC Rates Supported by Floating Storage

File Image: Credit Suez Canal Authority

Trafigura hires five VLCCs to store oil; short-term storage a profitable play.   Freight rates for very large crude carriers (VLCCs) could creep higher as more ships are chartered for floating storage and crude oil shipments increase ahead of the northern winter, brokers said.  


China Grants 22.92 Mln T of Oil Import Quotas

© victor217 / Adobe Stock

China has issued a second batch of oil import quotas that will allow independent refiners and some state companies to import a total of 91.73 million tonnes of crude (1.83 million barrels per day) in 2017, a document obtained by Reuters showed on Monday.


CEFC Bags Bunker Licence for Zhoushan Free Trade Zone, China

Image: CEFC China Energy Company Limited

 CEFC China Energy was awarded a licence by Zhoushan Free Trade Zone for supply  marine bunker fuel off the east coast of China to vessels on international voyages, reports Reuters.   The report quoted two CEFC officials saying that the license is to supply bunker fuel from bonded


US Ships on Course for More Days in South China Sea

U.S. Navy photo by Byron C. Linder

U.S. Navy ships are on track to spend more time in the South China Sea this year, U.S. Pacific Fleet Commander Admiral Scott Swift said on Thursday in China, where a U.S. warship was making a port call.   The visit by the USS Sterett guided-missile destroyer to Zhanjiang in Guangdong


Denmark, China Discuss Maritime Cooperation

Photo: Danish Maritime Authority

The Danish Maritime Authority (DMA) and the Chinese Bureau of Water Transport met June 14 to discuss the two countries' cooperation in the maritime field as well as the general challenges faced by maritime transport.   “Chinese and Danish ship owners are among the world's largest






 
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