Yangzijiang Shipbuilding, Mitsui in Shipbuilding JV
A Japanese and a Chinese shipbuilding group have today signed a joint venture, set to start in April 2019, to build and sell merchant ships. Mitsui E&S Shipbuilding Co., Ltd. (Head Office: Tokyo, President and CEO: Tetsuro Koga), in partnership with Yangzijiang Shipbuilding (Holdings), Ltd. (Head Office: Jiangsu Province, Chairman: Ren Yuanlin) and Mitsui & Co., Ltd. (Head Office: Tokyo, President and CEO: Tatsuo Yasunaga), has entered into a shareholders' agreement to establish…
CNOOC to Expand Jiangsu Binhai LNG Project
China's CNOOC plans to expand its LNG project in eastern Jiangsu province to meet rising demand from more regions, state-media China News reported citing a project manager from CNOOC.CNOOC will lift the storage tank facility of each of the four tanks linked to the Jiangsu Binhai LNG receiving terminal to 220,000 cubic meters, up from 160,000 cubic meters, China News said.Total investment in the project rose to 17 billion yuan ($2.46 billion), up from 14.4 billion yuan, China News said.The terminal and its storage tanks will be able to serve a broader region including the provinces of Jiangsu, Anhui, Henan and Shandong, where the government is switching winter heating fuel to gas from coal.The first phase of the project, with a supply capacity of 3 million tonnes, will be completed in Septe
Torqeedo Powers Electric Workboat Fleet in China
The City of Suzhou in eastern China has deployed a fleet of electric workboats powered by Torqeedo motors as part of a program to clean up its canals and waterways. The ancient city of Suzhou, located in Jiangsu Province near Shanghai, is home to more than 10 million people. Often called the “Venice of the East” the 2,500 year old city is noted for its many canals, rivers, lakes, ancient stone bridges, pagodas and gardens. Suzhou Creek, which flows through the city to Shanghai, was at one time said to be the most contaminated waterway in China, filled with sewage and garbage.
Abu Dhabi Ports, China Trade Council Sign MoU
Abu Dhabi Ports inked a new agreement with the China Council for the Promotion of International Trade to explore new commercial opportunities between Chinese companies interested in investing in Khalifa Industrial Zone Abu Dhabi (KIZAD) and Khalifa Port Free Trade Zone (KPFTZ), which is considered the largest free trade zone in the region. The Memorandum of Understanding (MoU) was signed by Abdulla Al Hameli, Executive Vice President - Corporate Support at Abu Dhabi Ports and Zhou Guangyao, Representative of the China Council for the Promotion of International Trade for the GCC region.
KHI to increase new builds in China
Kawasaki Heavy Industries will move more of its commercial shipbuilding operations from Japan to China. It aims to reduce its production in Japan from 40% of all builds to 25% in a bid to increase profitability. The company currently operates a shipyard outside Shanghai in a 50-50 partnership with China's Cosco Shipping. The shipyard, Nantong Cosco KHI Ship Engineering, is located in Jiangsu Province along the Yangtze River and is much larger than Kawasaki's Japanese facitlity.
China Unveils Huge Island Building Vessel
China has has unveiled a massive island-building vessel, which has been called “a magic island-maker” by its designer and is considered the most powerful vessel of its type in Asia, the state media reported. Named Tian Kun Hao, the ship is reported to have a deck the size of nine basketball courts and be capable of dredging up to 6,000 cubic meters an hour and digging as deep as 35 meters under the sea floor. The ship, capable of building artificial islands of the sort the country has constructed in the contested South China Sea…
MHI-MS, Jiangsu Masada Ink Boxship Crane Deal
Mitsubishi Heavy Industries Mechatronics Systems has concluded a licensing agreement with Jiangsu Masada Heavy Industries for the manufacturing and sale of hose handling cranes and slim deck cranes for container ships. The license granted to Jiangsu Masada follows similar agreements in 2008 for deck cranes of bulk carriers and in 2012 for deck machinery and steering gears. This further broadening of Jiangsu Masada's product lineup will expand the market share for marine machinery utilizing MHI group technologies in China, the world's largest market for marine vessel construction.
Yangzijiang Shipbuilding Q2 Profit Surges 73%
China’s Yangzijiang Shipbuilding Holdings reported a 73 percent increase in second-quarter net profit, helped by higher revenue from the construction of larger-size vessels, Reuters reported. The company, which specialises in dry-bulk carriers, posted a net profit of 719.92 million yuan (S$146 million) for the second quarter ended June 30, 2017. Revenue increased 27 per cent year on year to 3.79 billion yuan in Q2 due to higher contributions across its different businesses.
N.Korean Ship sinks off China, All Rescued
A North Korean cargo vessel called Kum San sank off the east coast of China early on March 9 after colliding with a Chinese fuel tanker, which rescued 27 crew members, the Ministry of Transport said in a statement on Monday. The collision took place near the port of Lianyuanhang in Jiangsu province at 4 a.m., the government said in the statement. The boat sank by 6 a.m. This is the second reported sinking of a North Korea cargo ship since January. The ship did not appear on a United Nations list of sanctioned North Korean vessels. The Chinese tanker was not damaged in the incident, which comes after a North Korean cargo vessel carrying rice sank off the west coast of Japan in January.
Yangzijiang Shipbuilding to Slash 2,000 More Jobs
Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up efforts to cut costs as new vessel orders slide amid a volatile global economy. The Singapore-listed firm, which says it is one of the largest private shipbuilding companies in China, has already cut about 4,000 jobs this year, a spokesperson said late on Thursday, bringing its current workforce to 22,000. Earlier this month, it said revenue was nearly halved in the second quarter as it soaked up a broad industry downturn. The company, which has four shipyards in China's Jiangsu province…
New RAmparts 2400W Tug Chincha Launched
A new ASD tug designed by Robert Allan Ltd. was launched on April 26, 2016 in Jiangsu Province, China for its Peruvian owners. Based on Robert Allan Ltd.’s RAmparts 2400W class, the Chincha was built by Jiangsu Wuxi Shipyard and fully customized to meet her owner’s requirements. Chincha is the first of two RAmparts 2400W tugs to be built for the growing Peruvian maritime and port operations company, Trabajos Marítimos S.A. (Tramarsa). Tramarsa has been in business since 1990 and operated harbor tugs built to Robert Allan Ltd. designs since 2000.
Chinese yards to Deliver RAmparts Tugs
Robert Allan Ltd. has been hard at work in the Chinese market for the last few years, not only for various shipyard clients, but also for local owners. In addition to major international ports in China such as the Ports of Ningbo, Tianjin, Shanghai and Shenzhen, recent progress has been made on a regional level at the deep-water Port of Cao Fei Dian in northern China’s Bohai Bay in Hebei Province. Cao Fei Dian Port, with an annual cargo capacity over 100 million tonnes, will soon take delivery of its first Robert Allan Ltd.
Yangtze to Ship Direct Containers
Taicang Container Lines Co. Ltd has rolled out the first direct container shipping line linking China's Yangtze River basin and Southeast Asia, reports Xinhua. The container ship departs once a week from and arrives at Taicang Port in east China's Jiangsu Province, and will travel as far as Laem Chabang and Bangkok, Thailand, and Ho Chi Minh, Vietnam. Taichang Port is the river's largest container port. The line is expected to help import and export companies along the Yangtze River and the Yangtze River Delta save about 50 million yuan (about 7.6 million U.S.
Kalmar, RCI JV Begin Jetty Construction in Taicang, China
Kalmar, part of Cargotec, and Rainbow-Cargotec Industries Co., Ltd (RCI) celebrate the ground breaking of a new jetty at RCI's facilities in Taicang, China today. RCI is a joint venture established in Taicang, Jiangsu Province, China, in 2012 between Cargotec Corporation and Jiangsu Rainbow Heavy Industries. It is responsible for the production of Kalmar rubber-tyred gantry cranes (RTGs) and ship-to-shore cranes (STSs) for global markets. Kalmar has decided to invest in a new jetty to increase RCI's import and export capacity with shorter shipping time…
Cardiff Marine orders Four Aframaxes from Jiangsu Hantong
Jiangsu Hantong Ship Heavy Industry Co.,Ltd. (HT) has signed 4+2 115,000DWT Aframax Oil Tankers contract with Cardiff Marine. The Chinese shipbuilder said the tankers will be designed by Shanghai Merchant Ship Design & Research Institute (SDARI), and financial details of the deal were not disclosed. They are built in NHT and are estimated to be delivered since September, 2017 successfully, the company said in its press release. Economou-led Cardiff Marine ordered two similar aframax tankers at Hantong in July at a price of $46.5m each.
Families March to China Shipwreck Site as Survivor Hopes Fade
Dozens of people broke through a police cordon on Wednesday as they marched towards the site of a sunken cruise ship in the Yangtze River to demand news of missing relatives. Rescuers searched for more than 400 missing people, many of them elderly, but hopes were fading of finding more survivors from the worst shipping disaster in modern Chinese history. Only 14 people, including the ship's captain, have been found alive since the ship capsized in a tornado on Monday night with 456 people on board. Just 29 bodies have been recovered. Frustrated by the scarcity of information coming from local authorities, about 80 family members hired a bus to take them from Nanjing to Jianli county in Hubei, an eight-hour journey. They started walking towards the rescue site late on Wednesday night.
Sinking Casts Pall over China's Ship Safety Record
The sinking of a cruise boat on China's Yangtze River is likely to mar the country's generally clean maritime safety record, which hasn't suffered an incident of this magnitude since a passenger steamship blew up almost 70 years ago. The Eastern Star, which was carrying 458 people, capsized in a storm late on Monday, state media said, with those on board ranging in age from three to more than 80. Six bodies have been found and over a dozen people rescued, but more than 430 are still unaccounted for. The incident comes after China has beefed up maritime safety regulations in recent years, with authorities becoming even more stringent after last year's South Korean ferry disaster that killed more than 300 people, industry insiders said.
Hundreds Missing After Ship Capsizes on Yangtze
Ship capsizes in "tornado" on southern stretch of Yangtze. Rescuers fought bad weather on Tuesday as they searched for more than 400 people, many of them elderly Chinese tourists, missing after a cruise boat was buffeted by a freak tornado and capsized on the Yangtze River. The accident on Monday night is likely to end up as China's worst shipping disaster in almost 70 years. Divers and other rescue workers pulled five people they found trapped in the upturned hull of the four-deck Eastern Star, a fraction of the 458 people state media reported were on board when the ship capsized. Distraught relatives of some of the passengers scuffled with officials in the city of Shanghai, where many of those on board booked their trips, angry about what they said was a lack of information.
Two New Ships Enter the CMA CGM Fleet
Containerships CMA CGM Loire and CMA CGM Ural were delivered to the CMA CGM Group on February 5 and entered the fleet on February 13 and 14, respectively, marking the arrival of the fifth and sixth vessels of the 9,400 TEUs to 10,900 TEUs series to be delivered through the third quarter of 2016. The CMA CGM Danube, CMA CGM Elbe, CMA CGM Litani and CMA CGM Tigris are the first of this 28 vessel series named after rivers around the world, that started to be delivered on June, 30 2014.
DNV GL Opens New Central China Office
DNV GL has opened a new office in Nanjing, China, covering most of the Jiangsu Province and following the Yangtze River upstream to Chongqing and Sichuan. Headed by area manager Chen Keng, DNV GL Central China aims to support business growth in the area and act as center for operations in Central China. “Central China is home to dozens of shipyards, many industry manufacturers and is therefore one of the most important areas for DNV GL to focus on in China,” said Torgeir Sterri, Vice President and Regional Manager for Greater China at DNV GL.
22 Dead as Tug Capsizes in Eastern China
A total of 22 people were confirmed dead after a tugboat with 25 onboard sank on the Yangtze River in east China's Jiangsu Province on Thursday afternoon. Rescuers found the body of the last missing person in the tug's cockpit at around 2pm Chinese Time according to the Jiangsu Maritime Safety Administration (JMSD). The 30-meter-long tugboat, the "Wanshenzhou 67", was extracted from the depths on Saturday morning, 40 hours after it sunk in Fubei Channel, near Jingjiang City. The boat was on a test voyage in the river's Fubei Channel in Jiangsu province when it suddenly turned over. Meanwhile, three people have already been rescued and one person remains missing…
CMA CGM Litani Enters the Fleet
CMA CGM Group has announced the CMA CGM Litani was delivered on December 3rd, 2014 in China. The CMA CGM Litani (10,622 TEUs) is the third of a series of 28 vessels from 9400 TEUs to 10 900 TEUs, vessels which will be delivered from now to the third quarter of 2016. Last June, the Group received the delivery of the first vessel of this series: the CMA CGM Danube. Each vessel of this one-of-a-kind series will be named after a famous river of the world. Sailing under the Malta flag…
Mitsubishi: First-Ever Licensing Deal to Chinese for Marine Propellers
Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), concluded a licensing agreement with Changzhou Zhonghai Marine Propeller Co., Ltd. (CZZH) under which MHI-MME provides CZZH the manufacturing and marketing rights to its marine propellers. MHI-MME has previously licensed a variety of its marine machinery to Chinese companies - including 2-stroke low-speed engines, marine auxiliary boilers, marine…