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New Chinese

New Chinese Licensee for MAN Diesel

MAN Diesel has added another member to its family of two-stroke licensees with the signing of a contract with Zhenjiang CME Co., Ltd. (ZJCME), the Chinese engine manufacturer. The new licensee is a subsidiary of the giant, state-owned China State Shipbuilding Corporation (CSSC) industrial conglomerate.


Carnival, China Merchants Sign MOU

MOU will explore both Port & Destination Development and Ship-Owning joint ventures with the goal of potentially launching China’s first world-class domestic cruise brand.   Carnival Corporation & plc has  signed a memorandum of understanding (MOU) with China Merchants Group (CMG) to explore the possibility of two joint ventures designed to accelerate the development and growth of the overall cruise industry in China.  


China Launches First Home-built Aircraft Carrier

(Photo: Feng Kaixuan / Ministry of National Defense of the Peoples Republic of China)

China launched its first domestically built aircraft carrier on Wednesday amid rising tension over North Korea and worries about Beijing's assertiveness in the South China Sea.   State media has quoted military experts as saying the carrier, China's second and built in the northeastern port of Dalian, is not expected to enter service until 2020, once it has been kitted out and armed.   Foreign military analysts and Chinese media have for months published satellite images


Graig Opens Chinese Facility

Graig Shipping Plc has opened a new facility in Shanghai, China, to provide a centre of excellence for ship design, newbuilding supervision, shiprepair and classification. "Chinese ship yards have enormous potential," says Hugh Williams, CEO of Graig. "This facility will help owners to get the very best from China. Under one roof we now have Graig Ship Management, which provides the highest quality newbuilding supervision services, Graig Carl Bro Ship Design


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 carriers at sea, and as maritime nations we share many common interests,” said DMA Director General, Andreas Nordseth.  


C-MAP Wins China Shipping Contract

PHOTO: Mr. Huang Zhi Bin Head of Navigation in the Safety and Technology Division Right hand side Captain Peng Ji Qing of Xin Pudong China Shipping Container Lines Co. Ltd, a subsidiary of China Shipping Group, is one of the largest Shipping companies in China. It owns a fleet of 103 container vessels with a total capacity of over 120,000 TEUs, and is operating dozens of domestic coastal and international routes from China to Japan, Korea, Southeast Asia, Australia, Europe


Piraeus Port U-turn Not to Stop China Investment

China Ocean Shipping

Even though Greece's new left-wing government set alarm bells ringing in Beijing when it halted the privatization of the port this week, analysts say Athens is merely posturing, reports South China Morning Post.  China will remain as "privileged partner for Greece".  Cosco officials in Piraeus and China are playing down concerns over the new government’s plans for the port of Piraeus.  


Focus On China: Refineries, Pipelines And Vessel Supply

braemar.bmp

China’s demand for imported oil is, and will, continue to be one of the key influences on the tanker market, according to industry experts Braemar Shipping Services plc. Demand growth in the country has progressed at an unprecedented pace over the last decade, a pattern universally anticipated to continue. This additional demand will increase China’s dependence on imported crude with beneficial knock-on effects for the tanker industry. Refining capacity


Cruise Industry Seeks Fortune in China

Quantum of the Seas under construction at Meyer Werft shipyard. Credit: Meyer Werft

Builders, Operators Teaming to Fill Voids In Rapidly Growing Chinese Market After an uneven couple of years punctuated by struggling economic factors worldwide, maturing markets and some highly publicized accidents and illnesses, the cruise industry is hoping to find a little “double happiness” from the rapidly growing Chinese market – enhanced profits and renewed market growth for both operators and builders.


Ctrip Appoints WSS as Agent for Cruise Ship Venture

Emilia Shao

China travel services provider Ctrip has furthered its expansion into the cruise market with the appointment of Wilhelmsen Ships Service (WSS) as its General Agent in China. The partnership, which was announced at the official Ctrip vessel naming ceremony last week, will see WSS China providing full ships agency services in Japan to Ctrip’s brand new fleet, the M/S ‘SKYSEA GOLDEN ERA’, cruise vessel operating across routes between China and Japan.


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


Baltic Index Advances on Firm Capesize Demand

File Image (CREDIT: AdobeStock / (c) Lukasz Z)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday on stronger rates for capesize and panamax vessels.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


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.


Odfjell Acquires Five Chemical Tankers

CTG Bismuth (Photo: Odfjell SE)

Odfjell SE informs it has signed a final agreement to acquire five chemical tanker newbuilds from Chemical Transportation Group, Inc (CTG) and form a pool of 15 chemical tankers.   The transaction has been signed and completed, Odfjell said


APM Terminals Mumbai Adds New Arabian Gulf/Mediterranean Direct Service

Photo: APM Terminals Mumbai

 French based CMA-CGM, a member of the Ocean Alliance, began the new INDIAMED service to Mumbai with the arrival of the 5,009 TEU capacity CMA CGM Virginia at APM Terminals Mumbai.    The service, linking South Asia with ports in the Arabian Gulf and Mediterranean


Deltamarin Wins Contract for Viking Line Newbuild

(Image: Viking Line)

Deltamarin Ltd said it has signed contracts with Chinese shipbuilder Xiamen Shipbuilding Industry Co., Ltd (XSI) for engineering and construction support services for the Viking Line Liquefied natural gas (LNG) fuelled ro-pax vessel newbuilding


OOCL is 'The Perfect Bride' -Drewry

Photo: OOCL

Orient Overseas International (OOIL) and its container unit OOCL have a good track record for above-average profits in a challenging market and a reputation for being a very well-run company, earning the moniker “The Perfect Bride” by Drewry Maritime Financial Research.   


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


COSCO Records H1 Profit on Improving Market

File Image (CREDIT: AdobeStock / (c) Marina Ignatova)

COSCO Shipping Holdings expects to post a profit of around 1.85 billion yuan ($272 million) in the first half, helped by an improving shipping market.   The world's fourth-largest container shipping line made the forecast in a stock market statement on Thursday. It recorded a loss of 7


China Denounces US S.China Sea Naval Transit

The USS Stethem conducts underway replenishment at sea, somewhere in the South China Sea (CREDIT USN)

The United States has seriously damaged peace and stability in the South China Sea after a U.S. warship sailed near a disputed island in waters claimed by China, the Asian nation's defence ministry said on Monday.   The ministry resolutely opposes the entry of U.S


Korean Shipyards Look Bullish

Photo: Hyundai Shipbuilding Division

 South Korea's major shipyards are estimated to have racked up solid profit during the second quarter of the year, aided by the increased delivery of ships, cost-cutting measures and a rise in new orders, Yonhap reported citing industry sources.


SunRui BWTS Earns USCG Type Approval

Mr. Fu Hongtian General Manager of Sunrui (left) and Vincent Li, DNV GL’s Regional Business Development Manager for Greater China. (Photo: DNV GL)

The Chinese manufacturer SunRui and classification society DNV GL celebrated last week, as Sunrui became the fourth manufacturer of ballast water treatment systems (BWTS) to obtain type approval from the U.S. Coast Guard (USCG).   Its BalClor system treats ballast water in three steps:


Asia Demand for U.S., Atlantic Basin Crude Oil Jumps

The Port of Corpus Christi is now a major U.S. export gateway for crude oil. CREDIT: Port Corpus Christi

Japan refiners book US crude cargoes for Sept delivery.    Asian demand for crude oil from the Atlantic Basin and the Americas is set to rise as low prices drive Japanese and South Korean buyers to snap up cargoes to arrive ahead of peak winter consumption.  






 
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