China News

18 Mar 2019

Kawasaki Delivers Bulk Carrier Divinegate

Image: Kawasaki Heavy Industries

Japanese public multinational corporation Kawasaki Heavy Industries (HKI)announced that it delivered the bulk carrier Divinegate for Indigo Marine Shipping at the Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS).According to a release, the bulk carrier has a capacity of 61,000 DWT and 199.90 meter length. Its gross tonnage is 34,508. Its main engine is one set of MAN B&W 6S50ME-B9.3-TII diesel engine with maximum continuous output: 8,130 kW at 108 rpm.Dalian COSCO KHI Ship Engineering Co is located in Dalian City…

18 Mar 2019

Meyer Turku Floats LNG-Powered Costa Smeralda

Image: Meyer Turku

Finnish Shipbuilder Meyer Turku has floated out Costa Smeralda, the first LNG-powered ship in the Costa Cruises fleet."The float-out of LNG powered 180 000 GT cruise ship, marks the beginning of the final stage of construction for this Italian style beauty engineered and constructed in Finland," said a press release from the shipbuilding company located in Turku.She will be finalized at the outfitting pier of Meyer Turku and be ready for delivery for Costa Cruises in October 2019…

15 Mar 2019

ICTSI Net Income Up 22% in 2018

Basra Gateway Terminal. Photo: ICTSI

Manila-head quartered port and terminal operator International Container Terminal Services (ICTSI) has released solid results for 2018. ICTSI’s box volumes were higher, revenues increased and the group generated higher profit.The port operator said in a stock exchange annoucement that its consolidated volume higher by six percent to 9,736,621 twenty-foot equivalent units (TEUs) (FY2017: 9,153,458 TEUs) and revenue from port operations increased 11 percent to US$1.4 billion (FY2017…

15 Mar 2019

Submarine Cables Writing Award

Each year, the International Cable Protection Committee (ICPC) sponsors the Rhodes Academy Submarine Cables Writing Award for a deserving paper addressing submarine cables and their relationship with the law of the sea.

Each year, the International Cable Protection Committee (ICPC) sponsors the Rhodes Academy Submarine Cables Writing Award for a deserving paper addressing submarine cables and their relationship with the law of the sea. With the award, the ICPC seeks to foster scholarship regarding submarine cables and the law of the sea and promote the rule of law as applied to submarine cables. In 2018, the selection jury chose Ms. Liao Xuexia of China as the winner for her paper titled: “Protection of Submarine Cables against Acts of Terrorism.”Each year…

14 Mar 2019

Anthony Veder Expands LNG Fleet

Pic: Anthony Veder

Dutch gas carrier operator Anthony Veder said it is expanding its fleet with a 30,000-cbm liquefied natural gas (LNG) carrier that is currently being constructed by China’s  Zhejiang Xinle Shipbuilding in Ningbo.The vessel will be completed by Zhejiang Xinle Shipbuilding under supervision of Anthony Veder and is expected to be ready for worldwide trading in the summer of 2019, said a press release from the operator of gas tankers in all the segments of gas shipping, from LPG shipping to LNG shipping and from CO2 shipping to ethylene shipping.After delivery it will be renamed with a Coral name.

14 Mar 2019

South Korea 1st in Global Ship Orders

Image: Hyundai Heavy Industries

South Korean shipbuilders came in first worldwide in total new orders in February, outpacing Chinese rivals, Yonhap news agency said. It comes around 90 percent of the new vessel construction orders awarded in the month.According to the data compiled by industry tracker Clarkson Research Institute, Korean shipyards garnered new orders totaling 630,000 compensated gross tons (CGTs) in February to build eight ships (or 90 percent), out of the 700,000 CGTs (15 vessels).Third spot went to Japanese shipbuilders with 10-thousand CGT.In the first two months of 2019…

14 Mar 2019

Rotech Subsea Bags Bangladesh Seabed Job

Pic: Rotech Subsea

UK-based provider of mass flow excavation services Rotech Subsea Ltd. has announced that it has signed an agreement to undertake a major seabed preparation scope for United Arab Emirates-based ULO Systems.The preparatory work will precede the installation of 12,000 concrete mattresses designed to minimize erosion by protecting a river bank on-site at a nuclear plant in rural Bangladesh.Rotech Subsea recently mobilised its state-of-the-art TRS2 Controlled Flow Excavation (CFE) tool from Rotech Asia’s Kuala Lumpur base with the work to be completed during Q1, 2019.

13 Mar 2019

Iran's Oil Tanker Fleet Being Squeezed as Sanctions Bite

© alexyz3d / Adobe Stock

Iran is running short of options to replace its ageing fleet of tankers and keep oil exports flowing because renewed U.S. sanctions are making potential sellers and flag registries wary of doing business with Tehran, Western and Iranian sources said.Since U.S. President Donald Trump reimposed sanctions in November, exploratory talks with South Korea for up to 10 new supertankers have stalled and Panama has also removed at least 21 Iranian tankers from its registry forcing Tehran to put the vessels under its own flag…

13 Mar 2019

AAL Delivers Chinese Modules in Texas

AAL Pusan in 'A-Class' of her own! Image: AAL

Breakbulk and project heavy lift specialist AAL Shipping has shipped 22 petrochemical plant modules from Wison Heavy Industry’s facilities in China for the an ethylene-glycol plant expansion project in Point Comfort, Texas on behalf of Pacific Ocean Group.The shipment of 22 modules – 26,000 cbm in total and weighing 1,280 t – was loaded in Nantong and transported on a single sailing to Point Comfort aboard the mega-size MPV, the A-Class 31,000 dwt AAL Pusan.The project made good use of her 700 t max heavy lifting gear in loading and discharge operations…

13 Mar 2019

UECC Orders Four New Car Carriers

Image: UECC

United European Car Carriers (UECC) has signed a contract to construct two new generation pure car/truck carriers (PCTCs) with China Ship Building Trading Co., Ltd and Jiangnan Shipyard Group Co. Ltd.The newbuilding contract also has options for two additional vessels, and the first vessel is planned for delivery in 2021. UECC is jointly owned by Nippon Yusen Kabushiki Kaisha (NYK) and Wallenius Lines.The vessels will be equipped with a Battery Hybrid LNG Solution which will place…

13 Mar 2019

SunStone's Greg Mortimer Launched in China

The Ulstein representatives at the launch ceremony. Image: Ulstein

The launching ceremony of the ‘Greg Mortimer’, the first polar expedition cruise vessel in SunStone Ships’ INFINITY series, was held in the morning of 12 March at the CMHI yard, China.The steel cutting ceremony of ship number three in the series was also arranged yesterday, said a press release from Ulstein Group ASA, Norway based ship designer.The cruise operator, Aurora Expeditions, has chartered the vessel, and named her after their founder, Greg Mortimer, who also attended yesterday’s launch ceremony.According to Xianpu Hu…

12 Mar 2019

Wan Hai Lines Enhances Japan Services

Pic: Wan Hai Lines

Taiwanese shipping company Wan Hai Lines announced the enhancement of its Japan service coverage.With effect from early April 2019, the company shall upgrade its existing New Super 1 service and also extend one of its existing Japan Kanto service to cover Malaysia, the provider of full-containerized shipping service said in a press note.Upgrade existing New Super 1 service(NS1) to Panamax vessel size: The service will maintain 4 vessel deployment with WHL deploying 2 x 4250Teu vessels, while IAL and OOCL deploys 1 vessel each.

12 Mar 2019

GSI Delivers VLOC to Berge Bulk

Pic: Berge Bulk

Singapore-based vessel owner and operator Berge Bulk has received the 300,000 DWT bulk carrier Berge Logan, which was built at China’s Guangzhou Shipyard International (GSI).The 327-meter-long  very large ore carrier (VLOC) is the largest bulk carrier in terms of deadweight to be built in Southern China.Sailing under the flag of Isle of Man, she will make her maiden voyage to Brazil, said a press release.Very similar in design to Berge K2, Berge Makalu and Berge Annapurna, she is equipped with energy-efficient initiatives – such as a super-efficient tuned main engine…

12 Mar 2019

India Box Trade Grew 6% in Q4 2018: Maersk

Pic: Maersk

India’s containerised trade with the world has grown steadily, recording an overall import-export trade growth of 6% according to the Q4 2018 trade report released by Maersk, the world’s largest container shipping company.Increasing demand for refrigerated cargo from India coupled with improved trade relations with China with introduction of favourable trade policies, has driven exports to grow a healthy 3% in Q4.The demand for India-made goods such as vehicles, cereals and rice…

12 Mar 2019

Brazilian Soya Bean Exports Soar

© Auttapon Moonsawad/AdobeStock

According to a research note from BIMCO, Brazilian soya bean exports are up 85.2% in the first two months of 2019, this following a record high exports in 2018 of 83.6 million tonnes, which was a 22.7% increase from 2017.According to BIMCO, 2019 has seen the highest ever export of soya bean during the month of February. Exports totaled 6.1 million tonnes, a 112.6% increase from the 2.9 million tonnes exported in February 2018. Strong demand, in particular from China, the world’s largest soya bean importer…

12 Mar 2019

Indonesia Okays Empyrean Plan for Mako Gas

Image: Empyrean Energy PLC

Indonesia has approved the development plan for the Mako gas field, Empyrean Energy PLC and Coro Energy PLC said.Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has approved the plan of development (POD) for the Mako gas field at the Duyung production sharing contract (PSC), offshore Indonesia, said a joint statement.Mako is located on the Duyung production sharing contract, which covers 890 square kilometres offshore the Riau Islands province.Tom Kelly, CEO of Empyrean…

11 Mar 2019

US to Lead Oil Supply Growth to 2024

Dr Fatih Birol (center) and IEA Oil Analyst Toril Bosoni (right) present the findings from Oil 2019 in Houston at CERA Week on 11 March 2019 (Photograph: Getty Images)

The United States is set to drive the global oil supply growth over the next 5 years, thanks to the strength of its shale industry, triggering a rapid transformation of world oil markets, according to the International Energy Agency (IEA).IEA said that oil exports from the United States will overtake Russia and close in on Saudi Arabia, bringing greater diversity of supply, by the end of the forecast.While global oil demand growth is set to ease, in particular as China slows down, it still increases an annual average of 1.2 mb/d to 2024, according to the report, Oil 2019.

11 Mar 2019

ReCAAP Asia Piracy, Sea Robbery Report

File Image: EU NavFor

Piracy and Sea Robbery Situation in Asia in February 2019A total of three incidents of armed robbery against ships were reported in Asia in February 2019There was no report of abduction of crew in the Sulu-Celebes Seas and waters off Eastern SabahThere was no report of hijacking of ships for theft of oil cargoHowever, the abduction of crew for ransom in the Sulu-Celebes Seas and waters off Eastern Sabah remains a serious concernOf the three incidents reported in February 2019, one incident occurred on board ship anchored at Caofeidian anchorage in China, one incident on board ship anchored at

11 Mar 2019

MacGregor Bags USD25Mln Worth Orders

Image: MacGregor

MacGregor, part of Cargotec, has secured orders to provide port, cruise access and equipment for RoRo/Passenger (RoPax) ferries from Europe and China.The total order value is approximately EUR 22 million (USD25Mln), said a press release from the company.The orders were booked into Cargotec's first quarter 2019 order intake, with the delivery of the MacGregor equipment planned to start during the first quarter 2020 and completed during the second quarter 2024."Highly experienced teams working closely with customers in Europe and China…

08 Mar 2019

Imports at Annual Low on Seasonal Lull, Tariff Worries

File Image: CREDIT AdobeStock / © Nightman 1965

With the retail industry in its annual lull between seasons and plans for a tariff increase on hold, imports at the nation’s major retail container ports are expected to drop to their lowest level in almost a year this month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.“Now that the holiday season is over and summer has yet to crank up, this is the quiet time of year for retail supply chains,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

07 Mar 2019

World Bank Targets Offshore Wind Markets

Image: Orsted

The World Bank Group announced a new program to advance the adoption of offshore wind energy in developing countries and emerging markets.The World Bank and  International Finance Corporation (IFC) will help these markets evaluate their offshore wind potential and provide technical assistance to develop a growing pipeline of projects that are ready for investment by renewable energy developers, said a release from the  international financial institution.The offshore wind industry has grown nearly five-fold since 2011…

07 Mar 2019

Indian Container Trade Grows 6%: Maersk

Photo provided by A.P. Moller Maersk.

India’s containerised trade grew 6 per cent during the last quarter of 2018, with the western region outperforming the other three regions in Q4 trade.A report released by the world’s largest container shipping company Maersk has attributed the growth in trade to increased demand for refrigerated cargo from India coupled with improved trade relations with China. The demand for India-made goods such as vehicles, cereals and rice; supplemented by refrigerated cargo such as fish…

07 Mar 2019

On the Hill: Advocacy for Domestic Maritime

File Image: AdobeStock / © sunnyS

Bipartisan Congressional Leaders Highlight Importance of Jones Act, Employing 650,000 Americans incl. Veterans, for National & Economic Security. Following the signing of an Executive Order by President Donald J. Trump to create an easier pathway for veterans to transition into maritime careers in the U.S. Merchant Marine, congressional and maritime leaders convened for two hearings exploring the state of the domestic maritime industry and the role of the Jones Act. These hearings…

Maritime Reporter Magazine Cover Mar 2019 - Cruise Shipping

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