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Mongolia News

28 Jun 2023

China's Coal Seaborne Imports Surge 73%

“Despite China’s strategy of pursuing increased domestic coal production, which has meant that year-to-date production stands 5.8% higher than last year, its seaborne imports of coal have nevertheless surged 73% y/y so far,” said Niels Rasmussen, Chief Shipping Analyst at BIMCO.The Chinese government target for domestic coal production is 4.6 billion tonnes in 2025, which is 2.5% higher than in 2022. As production year-to-date has already increased by 5.8% compared to 2022, Chinese…

30 May 2023

Top Shipper of Russian Oil Secures Indian Cover as Western Certifiers Exit

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An Indian agency has stepped in to provide safety certification for most of Gatik Ship Management's fleet, a major carrier of Russian oil to India, after Lloyd's Register and the American Bureau of Shipping (ABS) withdrew classification for many of its vessels, records show.Mumbai-based Gatik, which has emerged this year as a significant player in Russian oil transport, also recently reflagged at least four of its vessels to Mongolia, according to data from maritime platform Lloyd's List Intelligence.This followed the de-flagging of 36 of the Gatik-managed fleet by St.

02 Mar 2023

Dry Bulk Vessel Rates Rise on Stronger Vessel Demand

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The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest level since early January on Thursday, supported by stronger rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 46 points, or about 4.2%, to 1,145, its highest since Jan.

11 Jan 2023

Chinese Inbound Coal Shipments Plummet 12.2%, Says BIMCO

Weak economic activity, a 10.5% increase in domestic coal mining, and a recovery in coal imports from Mongolia via rail alleviated coal shipments to China in 2022. However, the end of China’s zero Covid policy and an anticipated recovery of the Chinese economy have strengthened expectations for the country’s coal imports in 2023. A return of import tariffs, the end of China’s unofficial ban on Australian coal, and the energy transition in China could shape the coal shipment outlook.Coal shipments fell 12.2% in 2022…

06 Jan 2023

China Eases Australian Coal Ban

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The increasing need to secure energy supplies after easing COVID-19 restrictions has pushed China to gradually resume Australian coal imports and urge domestic miners to boost their already record output.The lifting of the unofficial ban on Australian coal imports, which were halted in 2020 in a fit of Chinese pique over questions on COVID's origins, is the clearest sign yet of the renewed ties between them. The resumption is also a reminder of their economic interdependence as Australia's raw materials play a crucial role in fuelling the export-oriented economy of China…

01 Mar 2022

Inside Trade: From Energy to Food, China-Russia Trade has Surged in Recent Years

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China and Russia have grown increasingly close in recent years, including as trading partners, a relationship that brings both opportunities and risks as Russia reels from tough new sanctions led by the West in response to its invasion of Ukraine.Total trade between China and Russia jumped 35.9% last year to a record $146.9 billion, according to Chinese customs data, with Russia serving as a major source of oil, gas, coal and agriculture commodities, running a trade surplus with China.Since sanctions were imposed in 2014 after Russia annexed Ukraine's Crimea…

01 Dec 2021

Baltic Index Gains for Fifth Day as Rates for Smaller Vessels Rise

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The Baltic Exchange's dry bulk sea freight index on Wednesday rose for a fifth straight session to its highest in a month, as gains in panamax and supramax vessels offset a dip in the larger capesize segment.The overall index, which factors in rates for capesize, panamax and supramax vessels, added 29 points, or 1% to 3,047, a peak since Nov. 2.The capesize index shed 19 points, or 0.4%, to 4,464, snapping a three-session streak of gains.Average daily earnings for capesizes, which transport 150…

27 Jul 2021

HFW Helps Shanghai Shipyard in $170M Drillship Case Dispute

Law firm HFW said Tuesday it had advised Chinese shipbuilder Shanghai Shipyard on a UK Court of Appeal win relating to a US$170 million payment under a shipbuilding contract for an offshore drillship.The Court of Appeal overturned an April 2020 decision from the UK High Court that allowed the buyer of an offshore drillship – Reignwood International – to withhold a final payment installment that was due on delivery of the vessel, pending the outcome of arbitration proceedings.The Court of Appeal unanimously overturned a first instance decision in a preliminary issues trial concerning the proper characterization of a shipbuilding performance guarantee issued by Reignwood…

09 Apr 2021

China is Paying a High Price for Its Ban on Australian Coal

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China is paying a high price for its unofficial ban on coal imports from Australia, with the cost of domestic and alternative foreign supplies rising for both thermal and coking grades of the fuel.China, the world’s biggest importer, producer and consumer of coal, has effectively ended imports from Australia, the biggest shipper of coking coal used to make steel and number two in thermal coal used to produce electricity, as part of an ongoing political dispute between the two nations.The restrictions on imports from Australia came into effect in the second half of last year…

08 Apr 2021

Global Supply Lines Struggle to Clear Container Backlog After Suez Chaos

(Photo: Port of Rotterdam)

A backlog of container ships carrying consumer goods has grown in some key strategic ports after a near week-long blockage in the Suez Canal, adding to ongoing disruptions to global trade, industry sources say.Dozens of container ships were stuck when the 400-metre-long (430-yard) Ever Given ran aground in the canal on March 23, with specialist rescue teams taking almost a week to free the vessel.The suspension of sailings through the waterway left shipping companies - including container lines - with millions of dollars in extra costs…

25 Nov 2020

China Says Coal Imports Failed Environment Standards

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Some coal imported into China had failed to meet environmental standards, a foreign ministry spokesman said on Wednesday in response to reports of dozens of shipments of Australian coal stalled in Chinese ports."In recent years Chinese customs have conducted risk monitoring assessments on the safety and quality of imported coal, and we found that many coal imports have failed to meet environmental standards," foreign ministry spokesman Zhao Lijian said when asked about the Australian…

20 Apr 2020

China to Build Commodity Trading Center in Caofeidian

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China will beef up its Caofeidian pilot free trade zone, prioritizing the development of international commodities trade and bringing in more foreign investments, local government said on Monday.The Caofeidian district, on the edge of China's top steelmaking city of Tangshan, aims to achieve trade volume of more than 50 billion yuan ($7.07 billion) and introduce 100 foreign projects by 2022, it said in a statement on its website.The district also plans to make a commodities trading center in northeast Asia in early 2025 and to make China's northwestern provinces and Mongolia a key shipping hub

05 Feb 2020

Ukraine: Coronavirus Not Disrupting Grain Exports to China

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Ukraine officials and traders do not expect the coronavirus epidemic to have an impact on the country's grain exports to China, although there are delays to transport and disruption to logistics throughout the country.China is a major importer of Ukrainian corn and sunflower oil."I see no reason to worry," said Mykola Gorbachev, the President of the Ukrainian Grain Association (UGA) traders' union."China is in the market, demand has not gone away, but just now American prices are quite competitive with ours so Chinese demand will be divided between us and them…

23 Dec 2019

Asia Boosts IMO Technical Cooperation

The International Maritime Organization (IMO), Thailand’s Ministry of Transport and the United Nations Economic and Social Commission for Asia (UNESCAP) have recently organized the second regional Knowledge Partnership Workshop in Asia in Bangkok,The workshop was designed to support maritime technical cooperation activities in the region.The workshop brought together officials from transport ministries, responsible for maritime affairs, and finance ministries, responsible for official development assistance. Participants shared knowledge, skills, and experience and meet maritime and development cooperation counterparts from around the…

20 Nov 2019

IMO Supports Women in Port Management

What do successful, well-run ports and female empowerment have in common? Both can make a significant contribution to sustainable economic development.International Maritime Organization (IMO)  provided support to eight female officials from developing countries, with an emphasis on Pacific Small Island Developing States, attended a Port Senior Management Program held at the Galilee International Management Institute (GIMI) in Nahalal, Israel, (6-19 November).The two-week course provides participants with key information and updates on innovations in the port industry. The participants are from: Cabo Verde, Fiji, Kiribati, Mongolia, Papua New Guinea…

25 Jul 2019

Top Turbine Makers to Spend $2.6bln on R&D

Research and development (R&D) expenses among the world's top ten wind turbine manufacturers are expected to exceed $2.6 billion by 2023.The  R&D expenses more than doubled in the last four years, reaching $1.8m in 2018, as demand grows for ever-bigger on- and offshore models, according to the latest research from Wood Mackenzie Power & Renewables.The analyst said that over 90 new onshore and offshore turbines are expected to be launched within the next five years by the top 10 leading manufacturers."Turbine OEMs have accelerated R&D investments in next-generation turbine platforms, battling against new unit sales margin compression and the market’s need to further reduce wind energy’s Levelized Cost of Electricity (LCOE).

18 Jun 2019

Paris MoU Publishes Performance Lists

Paris MoU Committee approved the 2018 inspection results and adopted new performance lists for flags and Recognized Organizations (ROs) at its 52nd meeting last month."These lists will take effect from 1 July 2019," said a release from the Paris Memorandum of Understanding (PMoU) on Port State Control (PSC).The “White, Grey and Black (WGB) List” presents the full spectrum, from quality flags to flags with a poor performance that are considered high or very high risk. The list is based on the total number of inspections and detentions over a 3-year rolling period for flags with at least 30 inspections in that period.Regarding the “White, Grey and Black list” for 2018, a total number of 73 flags are listed: 41 on the “White List”, 18 on the “Grey List” and 14 on the “Black List”.

10 May 2019

Natural Gas Consumption Up 10% in China

According to the preliminary estimate, the consumption of natural gas in China exceeded 27 million cubic meters in 2018, registering a YOY increase of more than 10%, said a report.The growing Chinese economy and stricter environmental protection policies drive the growth of natural gas consumption in China. In 2018, the Chinese government introduced several environmental protection policies to further prevent and control atmospheric pollution and replace coal with natural gas in key areas, which pushed up natural gas consumption in China.The market survey by ResearchAndMarkets shows that in 2018, the consumption of natural gas for power generation…

23 Jan 2019

Eurosib's First Transit Container Train Crossed Grodekovo

CJSC Eurosib SPb - Transport Systems  tgether with the Zhengzhou International Hub company (ZIH) started the first transit container train through border crossing of Grodekovo (Far East railway, RZD). The Container train follows the route Hamburg (Germany) - Zhengzhou (China).The first train with 43 forty-foot containers was dispatched on 28 December. On January 12, the train reached the border crossing Grodekovo  (Russia) - Suifenhe (China).Normally, within couple of days, it will arrive at final destination. At the same time, Eurosib is preparing the opposite direction train. Such service is planned on a weekly basis.Eurosib develops the competence in the organization of transit since 2015.

18 Nov 2018

Linde Group Bags Chinese LNG Contract

The technology company The Linde Group has been awarded a contract from Chinese chemical and energy company Inner Mongolia Huineng Coal Chemical Co Ltd to supply a mid-scale LNG plant near Beinichuan in Inner Mongolia."This will be Linde’s seventh and largest LNG plant to date in China and is in response to growing demand from customers in China," said a release from the company.Linde's Engineering Division will be responsible for engineering, procurement and site services for the LNG plant with a nameplate capacity of 750,000 tons of liquefied natural gas per annum.The plant’s technology is based on Linde’s proprietary LIMUM process…

19 Aug 2018

Japan, Russia Join for Trans-Siberian Rail Transportation

Japan and Russia plan to officially develop a freight transport route between the two countries via the Trans-Siberian Railway, the Yomiuri newspaper reported.The report said that the two governments aim to foster mutual economic cooperation by energizing the “third distribution channel,” after sea and air routes.Now cargo between Japan and Russia are delivered mainly either by air or by sea. According to the Japanese Ministry of transport, terms of delivery of goods by sea ranged from 53 to 62 days. Delivery of the aircraft occurs much faster but is costly.A test to verify distribution using the Trans-Siberian Railway will start around Sept.

22 Nov 2018

IMO to Empower Port Women

International Maritime Organization (IMO) is supporting a training course aimed at female officials from maritime and port authorities entitled to encourage more women to join the maritime ranks in many aspect of the industry.Twenty-seven women from 18 developing countries are taking part in the two-week "Women in Port Management" course, hosted in Le Havre, France (12 – 23 November). The countries are Antigua & Barbuda, Bangladesh, Belize, Brazil, Cambodia, Dominica, Guyana, Jamaica, Kenya, Mauritius, Mongolia, Pakistan, Philippines, Saint Lucia, Seychelles, the Sudan, Uganda and Viet Nam.The course includes lectures on subjects such as port management, port security, marine environment, facilitation of maritime traffic, marketing, port logistics and other topics.

02 Nov 2018

IMO Rolls-out Auditing Scheme

Auditing  International Maritime Organization (IMO) Member States to assess how effectively they administer key IMO treaties is an important part of the Organization's work to ensure its regulatory framework is universally adopted and implemented.According to IMO release, a regional training course for auditors under the IMO's Member State Audit Scheme (IMSAS) took place in Busan, Republic of Korea (29 October - 2 November).The training provided specific skills in auditing Member States using the IMO Instruments Implementation Code as the audit standard. Participants were made up of senior maritime administration personnel who are, or will be…