Indian Navy Spots Chinese Destroyer
The Indian Navy's reconnaissance aircraft and spy drones detected, tracked and photographed a new Chinese destroyer and a tanker traversing through the Indian Ocean region. The newly-commissioned Sovremenny class destroyer, built for the People’s Liberation Army (Navy) at Russia’s St Petersburg-based North Shipyard, was picked up as soon as it entered the Arabian Sea from the Red Sea. A Tupolev-142M long-range maritime patrol aircraft, flying from the Goa naval airbase, spotted the Chinese destroyer and the accompanying tanker off Yemen’s Socotra Island, located east of the Gulf of Aden, almost 2,300 km away from the Indian mainland.
MAN Diesel Signs New Contract
MAN Diesel has signed a new Chinese licence contract with Wuxi Antai Power Machinery Co., Ltd. The Chinese company will deliver small-bore MAN B&W two-stroke engines to small yards. The engines will have cylinder diameters up to 46 cm and will be targeted at bulk carriers and tanker vessels for domestic trade.
New Chinese Licensee for MAN Diesel
MAN Diesel has added another member to its family of two-stroke licensees with the signing of a contract with Zhenjiang CME Co., Ltd. (ZJCME), the Chinese engine manufacturer. The new licensee is a subsidiary of the giant, state-owned China State Shipbuilding Corporation (CSSC) industrial conglomerate.
CSBC Completes Name Change
The China Shipbuilding Corp. (CSBC) completed repainting its new name, Taiwan International Shipbuilding Corp., in Chinese on the huge Goliath crane at the CSBC Kaohsiung shipyard, a CSBC official said Tuesday. The working crew spent the whole day painting the CSBC's new Chinese name on the Goliath bridge crane, which is a hallmark of the CSBC. The repainting task was not easy as the Goliath crane is 177 meters wide and 87 meters high, and each Chinese character on it covers nine square meters, which is the equivalent of approximately three stories in height. The official said that the CSBC's name-change plan has been approved by its board directors, and is awaiting final approval by CSBC general investors March 1.
Ocean Tankers IPO to Raise $15m
According to Financial Mirror, Ocean Tankers Holdings Public Co. will be the first ocean-going shipping company to go public on the Cyprus Stock Exchange later this summer, after the Nicosia bourse failed to attract the flotations of three other Cypriot-owned shipping companies. Stelios Haji-Ioannou’s Stelmar, Charalambos Mylonas’ Transmed and the Mouskas family’s Zela Shipping were all companies that took a stab at the island’s exchange and gave up as the CSE authorities deliberated endlessly about the criteria for listing. The Ocean Tankers initial public offering (IPO) of approximately $15m, representing 30% of the company after the flotation…
Carnival Signs MOA for First New Cruise Ships Built in China
Carnival Corporation & plc has announced that its cruise joint venture in China has signed a non-binding memorandum of agreement (MOA) to order the industry’s first new cruise ships built in China for the Chinese market. The MOA is subject to several conditions including closing of the joint venture, financing and other key terms. As part of the new MOA, Carnival Corporation’s cruise joint venture in China agreed to order two new cruise ships to be built by a newly formed China-based shipbuilding joint venture between China’s largest shipbuilder…
Fincantieri, CSSC Ink Chinese Cruise Ship Deal
During the 11th annual “China Cruise Shipping and International Cruise Expo”, which started today in Tianjin, Fincantieri and China State Shipbuilding Corporation (CSSC), signed a non-binding agreement with Carnival Corporation and CIC Capital Corporation (CIC Capital) for the construction of the first new cruise ships to be built in China for the Chinese market. The understanding is subject to several conditions, including the closing of the joint venture and the financing. As envisaged by the agreement…
Carnival Orders Two Cruise Ships for China
Fincantieri, China State Shipbuilding Corporation (CSSC) and Carnival Corporation & plc signed a binding Memorandum of Agreement (MoA) for the construction of two cruise ships, with an option for additional four, the first units of the kind ever built in China for the Chinese market. The parties signed the MoA on behalf of the joint venture between Fincantieri and CSSC Cruise Technology Development Co., Ltd (CCTD), of the joint venture between Carnival Corporation and CSSC, and of the shipyard Shanghai Waigaoqiao Shipbuilding Co., Ltd (SWS).
Chinese Sub near Disputed Islands Stokes Tension with Japan
Japan’s defense minister criticized China on Monday for sailing an advanced stealthy nuclear submarine close to disputed islands claimed by Japan and China, saying the action had stoked tension. The submarine, which Japan detected in the East China Sea, was a 110 meter-long Shang-class vessel, which is able to dive deeper and for longer than older boats and is armed with torpedoes and anti-ship missiles, according to Japan’s Ministry of Defence. “Operating a submerged submarine close to another country’s territory goes against the norms of international rules…
New Chinese Shipbuilder Unveiled
A new, bigger shipbuilder was unveiled in Dalian recently, as part of the restructuring of the city's shipbuilding industry, ShanghaiDaily.com reported. Dalian Shipbuilding Industry Co was formed by the merger of Dalian Shipyard Co and Dalian New Shipbuilding Heavy Industry Co. Dalian Shipyard, with more than a 100-year history, used to be one of China's big military shipbuilders. Dalian New Shipbuilding, established 15 years ago, was one of the country's biggest shipbuilders. Both the companies were subsidiaries of China Shipbuilding Industry Corporation. The new shipyard expects to output vessels of 2 million tons next year and more than 2.6 million tons in 2007, according to Xinhua. (Source: ShanghaiDaily.com)
ISS Offers Management of Pollution Response in China
Inchcape Shipping Services China launches pollution regulation intermediary service. Inchcape Shipping Services (ISS), the world’s leading maritime services provider, today announced the launch of an intermediary service for ships calling at ports in China. The move is in response to new pollution prevention and control regulations introduced by Chinese regulators and the service is already fully operational. The Prevention and Control of Marine Pollution from Ships directive, issued by China's Maritime Safety Agency (MSA) requires full compliance from shipowners and managers by 1 March 2012.
Ship Financing Under Posidonia Spotlight
A few days after Aggelikousis Group’s US$1.25 billion credit facility with six banks for the financing of nine LNG carriers was made public, delegates of a shipbuilding conference held during the fourth day of this year’s Posidonia Exhibition heard that increasing defaults on existing financing agreements between shipowners and lenders will ultimately lead to an era of no new lending. Speaking at the ‘Building for the Future 2012’ shipbuilding conference, on the penultimate day of Posidonia 2012, Jean Richards, CEO of Second Wind Shipping Limited, said that while finance is still available through traditional banks, Chinese banks, bond and equity markets, financiers tend to specialize in specific asset types while setting demanding preconditions.
Carnival, China Merchants Sign MOU
MOU will explore both Port & Destination Development and Ship-Owning joint ventures with the goal of potentially launching China’s first world-class domestic cruise brand. Carnival Corporation & plc has signed a memorandum of understanding (MOU) with China Merchants Group (CMG) to explore the possibility of two joint ventures designed to accelerate the development and growth of the overall cruise industry in China. Ship-Owning Joint Venture: Carnival Corporation and CMG will explore a joint venture that would own and operate its own cruise ships as part of the first-ever domestic Chinese cruise line specifically targeted to the Chinese market.
China to Start Its First Naval Base in Africa
China is going to build a base in Djibouti, so that will be their first military location in Africa. With the establishment of a base in Djibouti, China joins the global contest for maritime and commercial supremacy, reports Al Jazeera. China has long had an economic foothold in Africa, but the base would be an expansion of its military prowess beyond the Asia-Pacific region. The agreement opens the door to the creation of a permanent Chinese military presence on the African…
Norsafe Enters the Cruise and Passenger Ferry Market
Lifeboat manufacturer Norsafe has developed a new partially enclosed lifeboat (PELB) for passenger vessels: the SOLAS compliant Minima 88, a compact 8.8m long boat with a width of 4.25m for 150 persons. Norsafe said it has received an order from Chinese shipbuilder Xiamen Shipyard to provide six of its new Minima-88 lifeboats with compatible LHD-200 davits for Finland based operator Viking Line. The ferry newbuild is due to enter service in 2021 on routes across the Baltic Sea between Turku, Finland and Stockholm, Sweden.
CMA CGM Reshuffles Asia-Europe Lines
The CMA CGM Group informs it has reorganized its container shipping lines between Asia and Europe with the reshuffle of its FAL1 and FAL3 services to better meet clients’ needs and optimize vessel utilization, notably increasing Chinese ports coverage with the group’s largest ships. Starting June 24, with the aim of improving North China coverage, CMA CGM will reorganize its FAL1 service rotation, which deploys the group’s largest vessels. Twelve 11,000 to 18,000 TEUs vessels will sail the following rotation: Tianjin…
China Launches South China Sea Cruise Ship Tour
A new Chinese cruise ship has embarked on its maiden voyage to the disputed Paracel Islands in the South China Sea, state news agency Xinhua said on Friday, the latest effort by Beijing to bolster its claims in the strategic waterway. The Changle Princess sailed from Sanya on the southern Chinese island province of Hainan on Thursday afternoon with 308 passengers on a four-day voyage, Xinhua said. The new ship can carry 499 people and has 82 guest rooms with dining, entertainment, shopping, medical and postal services on board, it added. Tourists will be able to visit the three islands in the Crescent group of the Paracels, Xinhua said.
Norwegian Joy Keel Laid
Norwegian Cruise Line has celebrated the start of construction of its new Chinese ship, Norwegian Joy. A keel-laying ceremony was held at the Meyer Werft shipyard in Germany to mark the official start of the project, with a traditional “lucky coin” being laid down prior to the placement of the first block. Norwegian Cruise Line President and Chief Operating Officer Andy Stuart said: “We are absolutely thrilled to celebrate the Keel Laying for Norwegian Joy today with our partners at Meyer Werft.
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.
New Large-Bore Piston Plant Opened in Shanghai
KS Kolbenschmidt GmbH, a subsidiary of first-tier auto-component supplier KSPG AG, has in its Large-Bore Piston unit established a new company specifically for the Asian markets. From its newly opened sales and production location in the Shanghai region, KSLP (China) Co. Ltd. will as from now supply large-bore pistons for marine engines, locomotives and stationary generators to customers in China, Japan, and Korea. The new company thus takes into account these markets' dynamic regional growth.
China’s New Polar Research Vessel under Construction
Construction on China’s new state-of-the-art polar research ship is underway at Jiangnan Shipyard in Shanghai, China, with delivery scheduled for 2019. In 2012, the Polar Research Institute of China (PRIC) awarded a contract for the concept and basic design of the research icebreaker to Aker Arctic, who tailored the design for specific scientific missions in the Arctic and Antarctic. After the concept had been developed, Aker Arctic performed model tests in open water and ice at its Helsinki laboratory in order to verify the vessel’s performance.
Asian Coal Prices Spike Amidst Shipping Congestion
Over 500 ships waiting to load or unload coal; strong winter demand has driven coal, LNG and oil prices. Asian benchmark thermal coal prices have pushed to their highest levels since 2016, fuelled by demand in China and loading delays in Indonesia that have ramped up shipping congestion outside major coal ports. Spot cargo prices for Australian Newcastle coal have risen nearly 15 percent from lows in late November after China loosened import restrictions to help meet a winter fuel shortage.
Hi-tech Strategic Partnership Between Eniram & Chinese Company
Eniram forges strategic partnership with Headway Technology of Quingdao, China, to deliver maritime energy efficiency & environmental compliance solutions. Eniram Limited, a fast-growing Finnish provider of real-time decision support solutions for the shipping and marine industry announce its partnership with Headway Technology Co. Ltd., Qingdao (China). The new Chinese partner specializes in professional R&D, manufacturing and sales and services of high-tech marine equipment and solutions across the globe. Using their complementary strengths and expertise, the partnership aims to improve Eniram’s service offerings in real-time data…