China Cosco Shipping Corporation News

ABB has secured a contract with the Chinese shipyard COSCO Shipping Heavy Industry (Yangzhou) Co. Ltd., to equip 10 China COSCO Shipping Corporation Limited container vessels with its permanent magnet shaft generator systems. Due for delivery by the end of 2025, the order comprises systems for six 14000TEU vessels and four 16000TEU vessels."The International Maritime Organization (IMO) is introducing new regulatory standards – the Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) – which will come into force in January 2023.

Mitsui O.S.K. Lines, Ltd. (MOL) announced it has ordered six liquefied natural gas (LNG)-fueled vessels—four bulk carriers and  two tankers—as the Japanese shipping company makes headway toward its goal of 90 LNG-fueled vessels by 2030.The company said on Friday signed a deal for construction of four 210,000 DWT-class Capesize bulkers with CSSC Qingdao Beihai Shipbuilding Co., Ltd., marking MOL's first newbuild order from the Chinese shipyard. Slated for delivery in succession from 2025 through 2026…

In the first quarter of 2021, Jiangsu Zhenjiang Shipyard (Group) Co., Ltd. ordered two eco-efficient Konecranes Gottwald Model 8 Cranes on Barge. The cranes will be operated by Cosco Shipping Bulk Co. Ltd. (Cosco Bulk) off the coast of Guinea, Africa.Home to the world’s largest reserves of bauxite, the Guinean mining industry has been expanding. Cosco Bulk, a subsidiary of a world-leading shipping company, China Cosco Shipping Corporation Limited, found they needed more cranes to cope with the volume.

A naming ceremony was held October 20 for a new liquefied natural gas (LNG) carrier jointly ordered by Mitsui O.S.K. Lines, Ltd. (MOL) and China COSCO Shipping Corporation Limited (China COSCO Shipping), at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd.

Norden announced Tuesday it has added two bulk carriers to an existing newbuilding contract with shipbuilder Nantong Cosco Khi Ship Engineering Co. (NACKS), taking the total order to six vessels.The Danish shipowner said it has already sold two of the six vessels on sale and lease back terms, freeing up liquidity. The newbuilds are scheduled to be delivered from 2022.In addition, Norden said it bought a secondhand 2014 built Supramax bulk carrier scheduled to join its fleet in September.

Danish shipping company Norden announced Monday it has ordered four 61,000 dwt Ultramax bulk carriers from Nantong Cosco Khi Ship Engineering Co. (NACKS), for scheduled delivery in 2022.Norden CEO Jan Rindbo noted that the newbuilding contract is in line with the company’s strategy of agile asset trading and active management of Norden’s cyclical market exposure.“Having sold 10 dry cargo vessels since 2018, we believe asset prices have now declined sufficiently to present a good trading opportunity to buy…

Japanese shipbuilder Kawasaki Heavy Industries (KHI) has delivered the bulk carrier Market Cooper to an unnamed shipowner.The 61,000DWT vessel was built jointly by Kawasaki and China COSCO Shipping Corporation at Nantong COSCO KHI Ship Engineering (NACKS) which is located in Nantong City, China.Market Cooper has a flush deck with a forecastle and five holds that are designed for optimum transport of grains, coal, ores and steel products, said the company.Four 30-ton deck cranes are installed along the center in between the hatch covers to enable cargo loading and unloading in ports that lack cargo handling facilities.The vessel employs various technologies to achieve maximum fuel economy…

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 steel products.Four 30-ton deck cranes are installed along the center in between the hatch covers to enable cargo loading and unloading in ports that lack cargo handling facilities.The vessel employs various technologies to achieve maximum fuel economy…

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. Four 30-ton deck cranes are installed along the center in between the hatch covers to enable cargo loading and unloading in ports that lack cargo handling facilities.The vessel employs various technologies to achieve maximum fuel economy…

Japan’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 transportation service for the Yamal LNG project following its delivery at the shipyard in Hudong at the end of October.MOL delivered three ice-breaking LNG carriers to the Project between 2018 and 2019…

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 LNG project participated in the ceremony.A press release from MOL said that the "Nikolay Urvantsev" is the sister vessel of the "Vladimir Rusanov" and "Vladimir Vize"…

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 Logistics is the delivery arm of Chinese e-commerce giant JD.com.The JV formation will involve the injection of the JD Onshore Company into the JV by JD Logistics and the acquisition of the JD Offshore Company by the JV funded by JD Logistics…

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, 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.

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), and the ship being built is a 61,000 DWT bulk carrier to be delivered to China's CMB Financial Leasing Co., Ltd.This recently completed dock has been in planning since the founding of DACKS in 2007, and it was built to enable greater growth.The No.

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 Rusanov, which started transport service at the end of March 2018 under a long-term charter contract to transport LNG for the YAMAL LNG Project.The Vladimir Vize is also scheduled to go into service for the Yamal LNG project following its delivery at the end of September…

The merger of Orient Overseas (International) Limited (OOIL) and COSCO Shipping Holdings offers can effectively combine the respective strengths of both and optimize our global network, thereby achieving greater economies of scale and synergies,  incoming Chairman of OOIL, Captain Xu Lirong, said commenting on the deal.This transaction is a common choice for both sides to follow the development trend of container shipping industry and realize sustainable development, he added."I would like to extend a warm welcome to OOIL for joining COSCO SHIPPING and express my heartfelt gratitude and great respect to Tung Chee Chen for his leadership and significant contributions to the impressive results achieved by OOIL over the past years.

Mitsui O.S.K. Lines (MOL) announced that the Ice-Breaking LNG Carrier "Vladimir Rusanov", which is jointly owned by MOL and China COSCO Shipping Corporation Limited for the Yamal LNG project, made its first call at PetroChina LNG Jiangsu Terminal in China on 17 July.A ceremony celebrating this milestone was held on 19 July.At the end of March 2018, the vessel started transportation services for LNG produced by the Yamal LNG plant at Sabetta port in Russia. For its latest voyage, the vessel departed from Sabetta port on 25 June, and had its first opportunity to navigate independently eastwards along the Northern Sea Route without ice-breaker support.The vessel passed the Bering Strait on 6 July, and safely made its first call at PetroChina LNG Jiangsu Terminal in China on 17 July.

Mitsui O.S.K. Lines (MOL) announced that the Ice-Breaking LNG Carrier "Vladimir Rusanov", which is jointly owned by MOL and China COSCO Shipping Corporation, has successfully arrived at the Bering Strait. The vessel carried out a LNG loading operation in the Yamal LNG plant at Sabetta port, before sailing for the Far East via the Northern Sea Route on 25 June. The vessel safely arrived at the Bering Strait on 6 July, and is planning to call Jiangsu Rudong port in China for an unloading operation of its LNG cargo. The vessel is the first of three newbuilding vessels destined for the MOL and China COSCO Shipping fleets in the Yamal LNG Project, as announced in July 2014.

Mitsui O.S.K. Lines (MOL) announced the delivery of the LNG carrier CESI Lianyungang, which was ordered by the joint venture of China COSCO Shipping Corporation Limited (CCSC) and China Petroleum & Chemical Corporation (SINOPEC), at Hudong-Zhonghua Shipbuilding (Hudong) on May 31. The CESI Lianyungang is the sixth vessel in the China LNG Transportation Project announced in April 2013, and will sail under a long-term charter transporting LNG that SINOPEC purchases from the Australia Pacific LNG Project. This project, which built LNG carriers in China, follows the ExxonMobil LNG project, announced in March 2010  (four newbuilding LNG carriers were ordered from Hudong and delivered by April 2016).

Mitsui O.S.K. Lines (MOL) announced that on December 21, a naming ceremony for an ice-breaking LNG carrier, which was jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping), was held at Daewoo Shipbuilding & Marine Engineering  (DSME). As a crowd of VIPs and personnel related to the project looked on, the newbuilding vessel was named the "Vladimir Rusanov" by Ms. Veronika Makeeva of PAO Novatek, the major shareholder of the Yamal LNG project. The name is derived from Russian Arctic explorer and geologist. The Vladimir Rusanov is the first of three newbuilding vessels for MOL and China COSCO Shipping's fleets in the Yamal LNG Project.

The second-largest ore carrier in the world was officially named Yuanhehai and delivered to China Ore Shipping, affiliated with China Cosco Shipping Corporation, in Shanghai, the state media reported.   The 400,000-dwt mega ship, which is 362 meters long, 65 meters wide and 30.4 meters high, was delivered almost a year after the deal was made in 2016, China News Service reported.   The Yuanhehai is the second-generation very large ore carrier (VLOC) designed by Shanghai Waigaoqiao Shipbuilding Company.    The delivery was the first ship of the second-generation VLOC. The shipbuilder will build more VLOCs for China Ore Shipping.

The Russian natural gas producer, Novatek, has confirmed that it delivered its first shipment of liquefied natural gas (LNG) produced by the Yamal LNG project to India on 27 March. "The LNG was produced by the Yamal LNG project, led by the Russian company, and marks the first ever delivery of Russian Artic LNG to the country," said the company. The cargo was shipped through the company’s subsidiary, Novatek Gas and Power Asia. Novatek’s Deputy Chairman of its Management Board  Board Lev Feodosyev said: "One of our core priorities enumerated in the Company's Corporate Strategy up to 2030, is the expansion of the supply geography and the growth of our presence in the key Asian markets. The first cargo delivered to the growing Indian market is an important development step in this direction”.

A new icebreaking liquefied natural gas (LNG) carrier jointly owned by Mitsui O.S.K. Lines, Ltd. (MOL) and China COSCO Shipping Corporation Limited (China COSCO Shipping) loaded its first cargo at the Yamal LNG plant in northern Russia. The 299m, 172,000m3 Vladimir Rusanov conducted it is first loading for Yamal LNG at Sabetta port on March 27 and 28. Vladimir Rusanov left South Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) Okpo shipyard after her naming ceremony in December 2017 and headed to the Arctic Ocean through the Suez Canal for three weeks of ice trials.