Hong Kong Kicks-off Maritime Week 2018
The "Hong Kong Maritime Week 2018" (HKMW 2018), a major annual event of the maritime and port industries in Hong Kong, unveiled on Saturday (November 18) with the "Hong Kong orienteering race.According to a government press release, the third edition of Hong Kong's Maritime Week oragnised by the Hong Kong Maritime and Port Board (HKMPB) with co-organisers, the Hong Kong Shipowners Association and the Hong Kong Maritime Museum, runs from 18 to 24 November and features over 50 events comprising both industry and outreach.Officiating at the opening ceremony of the HKMW 2018…
Seven Dead as Cargo Ship Sinks in China
Seven people have died after a cargo ship sank in the Beijiang River, in south China's Guangdong Province, Chinese official media said quoting local authorities.The report said that the ship, Yueyingde Cargo 8030, capsized and sank at 11:30 p.m. on Monday. All the seven bodies had been recovered by 5:45 p.m. on Tuesday.The maritime rescue center of the city of Qingyuan initiated an emergency response and dispatched search vessels to the site. The rescue is still on-going, it said.A team will be sent to salvage the wreck of the ship and further investigation will follow.
Largest Oil Shipment Sent from Vancouver to China Since 2015
An Aframax tanker is scheduled to deliver the largest shipment of crude oil from Vancouver to China since January 2015 later this month, Thomson Reuters trade flow data show.For years, Canadian officials have pushed for an escalation in crude exports to rapidly growing Asian markets, but companies in the oil-rich Alberta have limited capacity to move crude to the nation's western coastline.That makes Canadian crude exports from Vancouver to Asia rare, but shipments have picked up in recent months, with oil tankers to China, Thailand and South Korea departing in April and July.
China Busts Gangs Smuggling Scrap Steel
Customs in China's southeastern Fujian province broke up five gangs smuggling scrap steel in a late-night operation on Monday, the official Xinhua news agency reported.A total of 28 criminal suspects were held in Xiamen, Quanzhou and other cities in the coordinated operation, in which 3,237 tonnes of scrap steel was seized.The gangs had been buying the scrap in China, the world's biggest steel producer, since 2017 and sending it to Southeast Asian countries, Xinhua said.Amount of scrap smuggled was put at around 50,000 tonnes, worth some 78 million yuan ($12.2 million), as gangs sought to cash
Dredger Bonny River Launched in China
DEME's latest trailing suction hopper dredger (TSHD), Bonny River, was launched at Royal IHC's partner yard COSCO Guangdong Shipyard in China and is due to be commissioned and put into operation in the coming weeks.The TSHD has a capacity of 15,000 m3 and a maximum dredging depth of 102 meters.According to Royal IHC, Bonny River combines various functions, such as the ability to dredge hard soil with its heavy duty suction tube combined with the ability to reach great depths with its XXL tube.Environmentally friendly aspects such as minimizing turbulence with its closed process water circuit…
Rolls-Royce to Upgrade PSVs with Battery Packs
Six offshore platform supply vessels (PSVs) built and then laid up by the Cosco Guangdong yard in China will be equipped with battery-powered energy systems from Rolls-Royce Commercial Marine before going to work for SEACOSCO. The six vessels are among eight that were laid up at the shipyard after being ordered in 2013 and 2014 that were recently taken over by SEACOSCO, a joint venture between SEACOR Marine Holding and China Cosco Shipping Group. The vessel’s new owners have decided to give six of the vessels an environmental upgrade, with an option for a further two.
Seacor Announces JV with Cosco Shipping Affiliates
Offshore services vessel operator SEACOR Marine Holdings Inc. said it has formed a jointly owned company with affiliates of the world’s largest ship owner, COSCO Shipping Group. The Marshall Islands company, SEACOSCO Offshore LLC, entered into contracts for the purchase of eight Rolls-Royce designed new construction platform supply vessels (PSV) from COSCO Shipping Heavy Industry (Guangdong) Co., Ltd. Six of the PSVs are of UT 771WP design (4,400 tons deadweight), and two are of UT 771CD design (3,800 tons deadweight).
Maersk, IBM to Launch Blockchain Joint Venture
The world’s largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars. The global shipping industry has seen little innovation since the container was invented in the 1950s, and cross-border trade still leaves an enormous trail of paperwork and bureaucracy. Success of the platform, which will be made available to the ocean shipping industry around mid-2018, depends on whether Maersk and IBM can convince shippers…
Ship Collision; Iranian Tanker Burns; 32 Missing
A tanker carrying Iranian oil and run by the country's top oil shipping firm was ablaze and spewing cargo into the East China Sea on Sunday after colliding with a Chinese freight ship, leaving the tanker's 32 crew members missing, the Chinese government said. Thick clouds of dark smoke could be seen billowing out of the Sanchi tanker engulfing the vessel as rescue efforts were hampered by bad weather and fire on and around the ship, Mohammad Rastad, head of Iran's Ports and Maritime Organization, told Iranian television.
China's 'Smart' Ship Debuts in Shanghai
China's first "smart" ship embedded with a domestically-developed intelligent navigation system made its debut in Shanghai, according to official media Xinhua. China Daily also reported that the world's first smart ship, developed and built by China State Shipbuilding Corporation (CSSC), has started its first trial voyage in Guangzhou, capital of Guangdong province. Christened as 'Great Intelligence' (Great Smart) 179-meter-long ship is 32-meters-wide and 15-meters-high, with a maximum loading capacity of 38,800 tonnes.
Cosco Shipping H1 Net Profit Up 42%
Cosco Shipping International said its net profit rose 42% in the first half of 2017, thanks to higher net exchange gains and net finance income. In the first half of 2017, the global economy saw an upward trend in growth with improving market confidence. The solid economic and trade growth brought about long-awaited signs of recovery for the shipping industry. The rational competition and cooperation in the shipping industry further facilitated the positive growth momentum in the shipping market.
Typhoon Batters Hong Kong, China
Destructive winds, waves batter Hong Kong, south China. Typhoon Hato, a maximum category 10 storm, slammed into Hong Kong on Wednesday lashing the Asian financial hub with wind and rain that uprooted trees and forced most businesses to close, while in some places big waves flooded seaside streets. There were reports of 34 people injured in Hong Kong while in the city of Macau, across the Pearl River estuary, three people were killed, authorities there said. In Hong Kong, more than 450 flights were cancelled, financial markets suspended and schools closed as Hato bore down, the first category 10 storm to hit the city since 2012. "I've never seen one like this," Garrett Quigley, a longtime resident of Lantau island to the west of the city, said of the storm.
Aulong Secures Ferry Build Contract
A second high speed passenger ferry contract has been awarded to Aulong Shipbuilding, a joint venture company formed by Austal Limited and Guandong Jianglong Shipbuilding of Zhuhai, China. Aulong has been awarded a A$5.6 million (US$4.4 million) contract to design and build a 35-meter high speed catamaran for Chinese mainland ferry operator, Blue Sea Jet. Announcing the contract in Australia, Austal Chief Executive Officer David Singleton said the company’s strong reputation has again secured export business for Austal’s Australian based design team. “Our Aulong joint venture is a great example of how effective technology transfer is developing our export business, with Austal’s extensive commercial portfolio attracting existing and new customers in mainland China,” Singleton said.
CSSC to Build Research Vessels
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 Chinese Navy, said the report. CSSC has been using its expertise in the research and development of naval hardware to construct high-tech civilian ships, encouraged by government measures to boost transfer of defense-related technologies to civilian and business sectors, said company officials.
PIL Sign MOU with Guangzhou Nansha Development Zone
A memorandum of understanding (MOU) was signed between Pacific International Lines (PIL) Group and China Guangzhou Nansha Development Zone. This MOU facilitates to increase trade cooperation, deepen business ties, and explore possible future business opportunities and development of a shipping/logistics base in the Nansha New Area. The Nansha New Area is one of three development zones that comes together to form the China (Guangdong) Pilot Free-Trade Zone. Mr Zhang Benhua, Director General…
China Sells Ships Online
Chinese Maritime Court has sold five vessels of bankrupt Wenzhou Shipping, subsidiary of Zhejiang Shipping Group, through online auctions on Taobao.com for a a total price of $22.81m. The auctioned ships include 2011-built 57,000-dwt supramax bulker Zhe Hai 167, 2009-built 33,400-dwt handysize bulker Zhe Hai 162, 2009-built 23,500-dwt handysize bulker Zhe Hai 156 , a tugboat and an oil barge. Singapore-based company Varada One's vessel was auctioned off on online shopping platform Taobao for $11.7, Xinhua news agency reported. The VLCC Varada Blessing is 1993-built, 300,000 dwt tanker.
China Hands Over Third Patrol Ship to Pakistan
China has handed a 600-ton patrol ship over to Pakistan’s maritime safety authority in Guangzhou, Guangdong province, PTI reported. The new ship, just the third of its kind, was built by China Shipbuilding Trading Company Ltd. (CSTC) and China State Shipbuilding Corporation (CSSC) Xijiang Shipbuilding Co., Ltd. Among other things, the ship will be used to safeguard Pakistan’s maritime interests, People’s Daily reported. Its two predecessors have already demonstrated their reliability and excellent performance during visits and exchanges…
US Ships on Course for More Days in South China Sea
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 province, the first U.S. warship to visit China since President Donald Trump took office, comes amid tension in the disputed South China Sea, where Washington has criticised Beijing for building artificial islands. U.S.
China Launches New 98,000-ton Heavy-lift Mega Ship
The Guang Hua Kou, one of the world's largest heavy lift semi-submersible ships, was launched last month at Guangdong Shipyard International. At 98,000 tons, it's one of the largest vessels of its size, anywhere in the world. Though the ship is formally built for COSCO Heavy Transport, a state-owned civilian firm, it will likely be made available for the People’s Liberation Army Navy (PLAN) for peace and wartime operations, reports Popular Science. A shipping line owned by the Chinese government, Cosco Heavy Transport specializes in handling heavy cargo.
PSV VOS Passion Named in China
Platform supply vessel VOS Passion was named in a ceremony on July 18 at Cosco Shipyard in Guangdong, China. VOS Passion, the fourth of six PX121-type PSVs being built at the shipyard for Vroon, is in the final stages of construction and will be ready for delivery in August. The PX121 design features Ulstein’s patented X-BOW design to provide smoother vessel movements in harsh conditions. The PSVs comply with ABS class requirements for dynamic-positioning system Class II (DPS-2) and reduced noise and vibration to satisfy a Comfort-Class notation.
COSCO Delivers PSV and Two Jack-up Rigs
Cosco (Dalian) Shipyard Co., Ltd., a subsidiary of its 51 percent owned Cosco Shipyard Group Co., Ltd., has delivered two jackups to the Foresight Group of companies through United Arab Emirates-based drilling and rig management services firm Hallworthy International FZC. Cosco Dalian signed the delivery documents for the two jackups,"N527" and "N581" -- possibly Vivekanand 2 (350' ILC) and Vivekanand 3 (350' ILC) -- with the buyer recently. The jack-up rigs, both measuring 74.09 meters in LOA (length of all)…
Genting Dream Christened in China
Dream Cruises, the first-ever Asian luxury cruise line, claimed its place in history here today when Genting Dream’s official Godmother, Puan Sri Cecilia Lim, the wife of Tan Sri Lim Kok Thay, Chairman and Chief Executive Officer of Genting Hong Kong christened its maiden luxury cruise ship, spectacular Genting Dream, before an assembly of prominent officials from the Chinese government as well as top executives from trade and industry. Genting Dream's arrival also marked the first time a luxury cruise ship of this scale has home-ported in Guangzhou (Nansha).
HPH Trust Acquires Major Stake in Huizhou Terminal
Hong Kong Container port business trust Hutchison Port Holdings Trust (HPH Trust) has reached an agreement to purchase a majority stake in Huizhou International Container Terminals Limited (HICT) in Guangdong from the trust’s sponsor for about $86.26m. HPH Trust will acquire 65% and 15% of HITC equity interest, respectively through its subsidiaries, Yantian International Container Terminals (Phase III) Limited (YICT III) and Shenzhen Pingyan Multimodal Company Limited (PML). The company said that…