China Cosco Shipping News

16 Jan 2020

Kawasaki Delivers Newbuild Bulker

Image: Kawasaki Heavy Industries

Japanese shipbuilder Kawasaki Heavy Industries  (KHI) has delivered the bulk carrier FJ Viola, with a capacity of 61,000 DWT, for F.J.Lines Inc. at the Dalian Cosco KHI Ship Engineering Co., Ltd. (DACKS).DACKS is located in Dalian City, China and operated jointly with China Cosco Shipping Corporation Limited.According to a press release from KHI, The vessel has a flush deck with a forecastle and five holds that are designed for optimum transport of grains, coal, ores and steelā€¦

09 Jan 2020

Yamal LNG Gets New LNG Vessel

Image: Mitsui O.S.K. Lines, Ltd.

Japanese shipping giant Mitsui O.S.K. Lines (MOL) has held a naming ceremony for an LNG carrier, jointly ordered by MOL and China COSCO Shipping.The naming ceremony for the LNG Merak carrier was held on Wednesday, January 8, at Hudong-Zhonghua Shipbuilding yard, according to MOL.The "LNG Merak" is the second of four newbuilding LNG Carriers for the Yamal LNG Project announced at the end of June, 2017, and the sister vessel of the "LNG Dubhe" which was delivered at the end of lastā€¦

06 Jan 2020

KHI Delivers Bulk Carrier Amis Treasure

Image: Kawasaki Heavy Industries Ltd.

Japanese shipbuilder Kawasaki Heavy Industries Ltd. announced that it delivered the bulk carrier Amis Treasure, with a capacity of 61,000 DWT  for Trobrian Wisdom SA.The delivery happened at the Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS), which is located in Dalian City, China and operated jointly with China COSCO Shipping Corporation Limited (China COSCO Shipping).The vessel has a flush deck with a forecastle and five holds that are designed for optimum transport of grains, coal, ores and steel products.

13 Nov 2019

Product Tanker Freight Rates Rebounds

Pic: TORM

Product tanker freight rates softened in the third quarter of 2019 but rebounded strongly at the start of the fourth quarter following an increase in crude tanker rates that began after the attacks on Saudi Arabian oil facilities and accelerated dramatically to multi-year high levels at the end of September when the US imposed sanctions on two subsidiaries of China's COSCO Shipping.Denmark-based TORM said that growth in global demand for oil products generally remained subduedā€¦

29 Oct 2019

KHI Delivers Bulk Carrier Gramos

Pic: Kawasaki Heavy Industries

Japanese public multinational corporation Kawasaki Heavy Industries Ltd. (KHI) has delivered a 61,000 dwt bulk carrier newbuild, Gramos, to Gramos Navigation, in China.The delivery of the Ultramax took place at the Nantong COSCO KHI Ship Engineering (NACKS) on October 29, 2019, said a release from KHI.NAKCS is located in Nantong City, China and operated jointly by China COSCO Shipping and KHI.The vessel incorporates various energy saving technologies, which reduce both fuel consumption and emission of carbon dioxide (CO2)ā€¦

25 Oct 2019

PIRAEUS I Floating Dock Ready for Ops

Pic: Piraeus Port Authority

Greece's Piraeus Port Authority (PPA) announced that the "PIRAEUS I" floating dock is available again for ship repair works."PIRAEUS I floating dock has been delivered for use and is operating again after scheduled maintenance works," said an announcement from PPA.PIRAEUS I is 202 m. long, with inner width 31 meters, has lifting capacity of 15,000 tons and can serve ships with capacity of 40,000 tons.During the first nine months of 2019, the ship repair activity at the port of Piraeus is showing an increaseā€¦

17 Oct 2019

DACKS Delivers Bulk Carrier FJM Glory

 Image: Kawasaki Heavy Industries, Ltd.

Panama-based Stiringaster Line has taken delivery of FJM Glory, a 61,000 dwt bulk carrier newbuilding.The delivery ceremony took place in China at the Dalian COSCO KHI Ship Engineering (DACKS) shipyard, jointly operated by Kawasaki Heavy Industries (KHI) and China COSCO Shipping.The 77,539 cbm vessel features a length of 199.9 meters, a width of 32.24 meters and can accommodate 25 people.The ship has a flush deck with a forecastle and five holds that are designed for optimum transport of grains, coal, ores and steel products.

10 Oct 2019

Greece Trims Piraeus Port investment plan

File Image: A Piraeus cruise terminal berth (CREDIT: AdobeStock / Ā© anastasiia Usoltceva)

Greece has trimmed an investment plan by Piraeus Port Authority (PPA) to boost operations at one of Europe's largest harbours, rejecting proposals for a new container terminal.PPA, majority owned by China's COSCO Shipping , had submitted to Greece's shipping ministry an 800-million-euro plan, which included a new cruise ship terminal, a mall and four hotels in the port.PPA had also proposed to build a fourth container terminal that would boost Piraeus' total throughput to 10 millionā€¦

26 Sep 2019

MOL Names LNG Carrier for Yamal Project

Photo: MOL

Japanā€™s shipping major Mitsui O.S.K. Lines (MOL) held a naming ceremony for a conventional LNG carrier, jointly ordered by MOL and China COSCO Shipping Corporation, was held at Hudong-Zhonghua Shipbuilding.Featuring a capacity of 174,000 m3, the newly built vessel was named LNG Dubhe after a star in the constellation Ursa Major. The vessel is the first of four newbuilding conventional LNG carriers for the Yamal LNG project.The LNG DUBHE is scheduled to go into LNG transportationā€¦

19 Jul 2019

MOL Names 3rd Yamal LNG Carrier

Pic: MOL

Japanese logistics major Mitsui O.S.K. Lines (MOL) announced that a naming ceremony for an ice-breaking LNG carrier, jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping), was held at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME).The newbuilding has been named Nikolay Urvantsev, in honor of the famous Russian Arctic explorer and geologist. A crowd of VIPs, including personnel from PAO Novatek, the main shareholder of the Yamal LNGā€¦

27 Jun 2019

Shipping Companies: Is Bigger Better?

Ā© Julien/Adobe Stock

ā€œIf consolidation was the solution to all that ails shipping, then container liner companies would be super profitable. They are not. In ā€˜commoditizedā€™ sectors of the shipping industry, which by now includes pretty much everything apart from very small niche markets, there is hardly any economies of scale at the company level. As long as bigger is not in fact much better, then meaningful consolidation will not happen.ā€Dr. Roar Adland, visiting scholar at MIT Center for Transportation and Logistics and Professor at the Norwegian School of Economics (NHH).Like any other businessā€¦

16 May 2019

Largest Boxship Ever Transits Panama Canal

Photo courtesy of ACP

Today, the Panama Canal completed a trial transit of Evergreenā€™s Triton, the largest vessel in dimension and container cargo capacity to pass through the Expanded Canal since it opened in June 2016.The Neopanamax containership Triton, which has a Total TEU Allowance (TTA) of 15,313, a 20-row beam of 51.2 meters and a length of 369 meters, transited northbound from the Pacific to the Atlantic Ocean.Similar to the milestone Q-Flex transit completed on May 12, todayā€™s achievement was made possible by an increase to the maximum allowable beam for vessels transiting the Neopanamax Locks.

16 May 2019

Triton Makes Record Transit Through Panama

Evergreen's Triton Transiting the Expanded Canal on May 15. Photo: Panama Canal Authority

The Panama Canal completed a trial transit of Evergreenā€™s Triton, the largest vessel in dimension and container cargo capacity to pass through the Expanded Canal since it opened in June 2016.The Neopanamax containership Triton, which has a Total TEU Allowance (TTA) of 15,313, a 20-row beam of 51.2 meters and a length of 369 meters, transited northbound from the Pacific to the Atlantic Ocean.ā€œWe are excited about the opportunities enabled by the Tritonā€™s trial transit,ā€ said Panama Canal Administrator Jorge L.

04 Apr 2019

OOIL, JD, Cosco JV for Logistics

Image: Orient Overseas (International) Limited

Gold Talent, Cosco Shipping Logistics and JD Logistics  entered into a cooperation agreement to jointly invest in online logistics platform EShipping through a joint venture (JV) formation.Gold Talent is a wholly-owned subsidiary of Hong Kong-based logistics major Orient Overseas (International) Limited (OOIL). Cosco Shipping Logistics is an affiliate of Chinese state-owned Shipping and logistics services supplier company China Cosco Shipping Corporation Limited. JD Logisticsā€¦

03 Apr 2019

COSCO Calls on Port of Liverpool

Pic: Port of Liverpool

China's COSCO Shipping has confirmed it will call at the port of Liverpool after a successful trial last October to offer its clients more efficient services between Britain and Canada."The worldā€™s top five shipping lines are all now calling at Liverpool following confirmation that Chinese giant COSCO Shipping is to ship via the port," said a statement from the UK's most centrally-located container port.COSCO Shipping will take slots on an existing Canadian service via Montreal with OOCL.

29 Mar 2019

COSCO Shipping Flags Risks From Oil Price, Trade Dispute

Photo courtesy of COSCO

China's COSCO Shipping Holdings Co Ltd said trade frictions and high oil prices pose risks for the global shipping industry this year, after confirming on Friday that its net profit for 2018 fell by more than half.The state-owned company, the world's third largest container shipping line, said net profit attributable to shareholders slid 53.8 percent to 1.2 billion yuan ($178.83 million) last year from 2.7 billion yuan a year earlier.It had warned profit would slump in January.Revenue rose 33.6 percent as demand for its container shipping and terminal business remained strong, COSCO said.

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 Cityā€¦

04 Mar 2019

Kawasaki Heavy to Build Ship in China

Image: Kawasaki Heavy Industries, Ltd.

Japanese public multinational corporation Kawasaki Heavy Industries (KHI) has completed the construction of a new dock in northeast China, as the company streamlines costs amid competition from South Korean rivals.According to a press note from the manufacturer of ship and offshore structure, KHI started construction of the first ship at this new dock at Dalian COSCO KHI Ship Engineering (DACKS) in Dalian City, Liaoning Province, China.DACKS is jointly operated by Kawasaki and China COSCO Shipping Corporation Limited (China COSCO Shipping)ā€¦

28 Jan 2019

Orient Overseas Container Line Reports 10% Revenue Growth

Pic: Orient Overseas Container Line

Hong Kong-based container shipping and logistics service company Orient Overseas Container Line said that its revenue in 2018 increased by 9.9% to USD 5.96 billion for all services, compared to USD 5.42 billion reported in the previous year."Loadable capacity increased by 7.4%. The overall load factor was 0.8% lower than the same period in 2017. Overall average revenue per teu increased by 3.4% compared to the same period last year," it said in a press release.For the fourth quarter of 2018 (ended 31st December 2018)ā€¦

31 Dec 2018

Martime Propulsion: New Solutions Meet New Emission Demands

With a robust engine block designed for continuous-duty operation and long life, and a single cylinder head with four valves per cylinder, the Cummins X15 marine engine provides reduced fuel consumption without reduced performance. The X15, which can be used in both commercial and recreational marine applications, is available as a propulsion engine and as an auxiliary engine. (Photo: Cummins Inc.)

Marine propulsion manufacturers are not just responding to but are anticipating tighter performance demands from the U.S. EPA  and the IMO by introducing both new and upgraded systems based on state-of-the-art propulsion technologies. Tom Mulligan reviews the latest engine product launches.AIP for MAN cryo Liquid Hydrogen Fuel-Gas systemMAN Cryo, a subsidiary of MAN Energy Solutions, has developed a marine fuel-gas system for liquefied hydrogen in cooperation with Fjord1 and Multi Maritime 0f Norway.

21 Nov 2018

Cosco-PSA Terminal JV Adds Two New Berths in Singapore

Pic: PSA Singapore Terminals

China's Cosco Shipping Ports and PSA Corporation signed a memorandum of understanding (MoU) for the addition of two new berths at the Cosco-PSA Terminal in Singapore.With the launch of the two new berths, CPT will be equipped with five mega-vessel berths, increasing its annual handling capacity from 3 million TEUs of the current three berths to about 5 million TEUs.The new berths will strengthen CSPā€™s presence in Singapore and support the needs of Cosco Shipping group with the advent of mega-vessels and megaalliances in the shipping industry.

13 Sep 2018

Cosco Forms Joint Venture with Furuno

(Photo: Furuno)

Chinaā€™s Cosco Shipping Technology (CS Tech) has teamed up with Japanā€™s Furuno Electric and Heisei Trading to form a joint venture in the maritime navigation and communications market.The Shanghai based Cosco Shipping Furuno Navigation Technology will provide equipment, systems and related services for domestic and international shipping fleets as well as inland waterways vessels. The consortium will also examine future research possibilities concerning safer, more secure and efficient ship operation.Yukio Furunoā€¦

14 Sep 2018

Icebreaking LNG Carrier Named Vladimir Vize

Vladimir Vize naming ceremony. Photo: Mitsui O.S.K. Lines, Ltd.

Mitsui O.S.K. Lines (MOL) announced that a naming ceremony for a new icebreaking liquefied natural gas (LNG) carrier, which was jointly ordered by MOL and China COSCO Shipping Corporation, was held at Daewoo Shipbuilding & Marine Engineering (DSME) on September 11.The newbuild was named the Vladimir Vize by Irina Ershova of PAO Novatek, the major shareholder in the Yamal LNG project. The name was chosen in honor of the Russian Arctic explorer and oceanologist.The Vladimir Vize is the sister vessel of the Vladimir Rusanovā€¦

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