Rong An News

Oil prices were little changed on Tuesday as investors eyed the impact on oil supply after attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels.Brent crude futures rose 6 cents to $78.01 a barrel at 0726 GMT. The front-month U.S. West Texas Intermediate crude futures contract , which expires on Tuesday, fell 18 cents to $72.29 a barrel. The more active second-month contract dropped 10 cents, or 0.1%…

Oil rose on Tuesday as an attack by the Iran-aligned Houthis on a chemical tanker escalated geopolitical tension in the Middle East, though concerns over excess supply and slowing demand kept a lid on gains.A cruise missile launched from Houthi-controlled Yemen struck a commercial chemical tanker, causing a fire and damage but no casualties in the latest such attack to heighten safety risks for tankers in vital shipping lanes.Brent crude futures LCOc1 for February rose 21 cents, or 0.3%, to $76.24 a barrel by 0915 GMT, while U.S.

Offshore wind installation company Cadeler has ordered two new X-class wind turbine installation vessels from China's COSCO SHIPPING Heavy Industry.The total order amounts to $651 million, so $325.5 million per vessel. According to Cadeler, the new vessels will, upon completion, be the largest in the industry. They will be built in COSCO's shipyard in Qidong, China."Cadeler is delighted to announce that negotiations with COSCO SHIPPING Heavy Industry Co. Ltd. have been finalized…

Columbia Shipmanagement (CSM) announced it has partnered with Norwegian ship owner and operator Seatrans AS to form a ship management joint venture.The company will be named Stödig Ship Management AS will become operational from the beginning of May 2021, operating out of Seatrans’ offices in Bergen, Norway. All Seatrans’ staff will remain employed in the company.Mark O’Neil, president and CEO of CSM, said, “In Columbia Shipmanagement we recognize the particular expertise and skill sets associated with managing ships in the hard chemical trades and other special tonnage markets.

A Chinese-flagged fishing vessel with 16 crew members carrying 130 tonnes of oil has run aground off Mauritius, causing a minor spill, a minister said on Monday.“Nothing to be worried about,” Sudheer Maudhoo, whose Blue Economy Ministry looks after maritime affairs, told Reuters, saying 310 metres of floating booms were controlling the leak.Drone footage showed dark patches in the Indian Ocean waters near the Lu Rong Yuan Yu 588 after it ran aground on Sunday.The incident followed July’s accident of the MV Wakashio…

China National Offshore Oil and Gas Company (CNOOC) is on the hunt for liquefied natural gas (LNG) tankers to charter, several industry sources told Reuters, looking to replace ships it had previously hired that are linked to a Chinese company sanctioned by the United States for allegedly transporting Iranian oil.The company, COSCO Shipping Tanker (Dalian), is one of four Chinese firms on which the Trump administration imposed sanctions on Sept. 25, in what it described as the biggest sanctions taken by the U.S.

Fifteen production floaters were contracted in 2017 – 11 FPSOs, two production semis, a wellhead TLP and an FLNG – and the number of deep water projects in the near-term planning queue indicates production floater orders are set to accelerate. This is a big change from 2016 when orders for new units totally dried up and the deepwater future looked pretty bleak. Here’s a round-up of contracts awarded last year and in January 2018. Tempera FPSO - Keppel in January 2017 received a contract from Dixstone Holdings…

Vietnam's state oil firm PetroVietnam has ordered Spanish energy firm Repsol to suspend its "Red Emperor" project off the country's southeastern coast following pressure from China, the BBC reported on Friday. It would be the second time in less than a year that Vietnam has had to cancel a major oil development in the South China Sea under pressure from China. The move comes as Repsol was making final preparations for commercial drilling. A rig, the Ensco 8504, was scheduled to depart from Singapore for the drill site on Thursday, the report said, citing an unnamed energy industry source. The cancellation could cost Repsol and its partners $200 million in sunk investment, according to the BBC. Repsol and PetroVietnam executives could not immediately be reached for comment.

One person drowned while 14 others were missing after a Chinese sand-dredging vessel capsized off Malaysia's southern state of Johor on Wednesday (March 21), officials said.   Three Chinese crew members were rescued safely after authorities received reports that the JBB Rong Chang 8 had overturned in the waters of Parit Jawa, in Muar district, at 8.50 a.m. local time (0050 GMT), the Malaysian Maritime Enforcement Agency said in a statement.   Search and rescue operations were ongoing, with two patrol boats deployed, the agency said.   The Chinese-owned, Dominican-registered dredger was carrying one Malaysian, an Indonesian and 16 Chinese crew members.    Source: Reuters

The divers have recovered two bodies out of the five missing crew of JBB DE RONG 19, following the collision between Indonesian-registered tanker KARTIKA SEGARA and Dominican-registered dredger JBB DE RONG 19 that occurred in Singapore territorial waters at about 12.40am (Singapore time) on 13 September 2017. At the point of collision this morning, 12 crew members were onboard JBB DE RONG 19. Seven were sent to the Singapore General Hospital, out of whom five have since been discharged. Search and rescue (SAR) efforts for the three remaining crew members are ongoing. The incident took place in the westbound lane of the Traffic Separation Scheme (TSS) in the Singapore Strait.

The Norwegian company Seatrans Ship Management has signed up 20 vessels to the DNV GL fleet performance management solution ECO Insight. The contract covers 13 chemical tankers and seven dry-cargo vessels. “We need to have full insight into the performance of our fleet and use this to continually improve our operations. ECO Insight will help us to achieve this,” says Gisle Rong, Managing Director Seatrans Ship Management. “The fact that it is also easy to install and allows us to harmonize operational and technical reporting onboard were also important factors for choosing ECO Insight,” he adds. “We are very pleased to welcome Seatrans Ship Management to the ECO Insight family.

Vessel sales for July 2016 (as of August 1) as prepared by Shipping Intelligence, Inc., New York.

Jinhui Shipping and Transportation has agreed to sell another supramax dry bulk carrier, having just made a similar deal earlier this month. The purchaser is a company incorporated in Hong Kong. The bulk carrier will be delivered to the new owner between 29 July to 30 August 2016. The 2000-built, 50,236 dwt Jin Rong will be sold to China-based Ningbo Tiansheng Shipping for $3.4m, less than half of its book value, leading to a book loss of around $4.1m. "The Vessel has been owned by the Group since year  2006, and its net book value as at 31 March 2016 was US$7,475,000. The net loss both before and after taxation and extraordinary items attributable to the Vendor for the financial years ended 31 December 2015 and 2014 were US$13…

Seventeen people were missing after a Chinese fishing boat collided with a Maltese cargo ship and sank in the East China Sea on Saturday, state media reported, citing the country's coastguard fleet. The fishing boat, Lu Rong Yu 58398, had 19 people on board when the incident happened at 3.40 a.m. Beijing time (1940 GMT), the China News Service said, adding that two people had been rescued by passing fishing boats and a search and rescue operation was still underway. China National Radio said that it had hit Maltese cargo ship Catalina, a 40,485 ton bulk carrier, which has continued sailing. They did not specify where in the East China Sea the collision happened.

Sino-Global Shipping America, which was recently listed on Nasdaq, is becoming a shipowner. The shipping agency, logistics and ship management services company today announced that it has signed a Letter of Intent to acquire a small oil/chemical tanker from Rong Yao International Shipping Limited, a Hong Kong corporation. Sino-Global will issue 1.2 million shares of its common stock to the Rong Yao as partial payment of the vessel purchase price. The parties further agreed that such payment should be valued at $2.22 million, with each share of the company's common stock being valued at $1.85.

Vessel sales for February 2015  - (as of March 1) as prepared by Shipping Intelligence, Inc., New York.

MAN Diesel & Turbo has signed a four-stroke license agreement with Rong An Power Machinery, a Chinese marine engine manufacturer. Dr. Stephan Timmermann, Executive Board Member MAN Diesel & Turbo, and David Deng, President Rong An, signed the new agreement on behalf of their respective companies on 7 September 2010 in a ceremony at MAN Diesel & Turbo’s stand at the SMM international marine trade fair in Hamburg. Rong An previously signed a two-stroke license agreement with MAN Diesel & Turbo in September 2008.

Shanghai-based Graig China, part of the UK’s Graig group, has won a ten-ship order to supervise newbuildings for Chinese leasing company Minsheng Financial Leasing Co Ltd. The supervision contract brings to twenty-three the number of Chinese-owned vessels building in Chinese shipyards under the supervision of Graig. The new contract is to supervise the construction of ten 76,000 dwt bulk carriers to be built at Jiangsu Rong Sheng Heavy Industries Co Ltd, with delivery of the final vessel scheduled for the first quarter of 2012.

Dubai's QE 2 Holdings Ltd. chairman, His Excellency Khamis Juma Buamim, sets out his company's vision of a new life for the veteran cruise liner –  as a hotel ship – in his speech to dignitories. Outlining the work that has been completed, the chairman provided details of the transfer of ownership of the vessel to a new entity called QE2 Shipping LLC, based out of & owned by Dubai & that all necessary registry documentation with the flag state on the ownership of the vessel had been completed.

At the 150th Annual Meeting of the Members of ABS, three industry leaders were elected to the ABS Council. Following the Annual Meeting, the ABS Council met and elected industry leaders to both its Marine and Offshore Technical Committees. Individuals serving on the ABS Council and the Technical Committees help guide the class society in fulfilling its mission of promoting the security of life, property and the natural environment. “Classification represents the concept of self-regulation for the marine and offshore industry,” said ABS President and CEO Christopher J. Wiernicki.

The world’s largest containership was named at a ceremony held by builder Hyundai Heavy Industries Co., Ltd. (HHI) this week. The ship, named CSCL Globe, is the first of five 19,000 TEU containerships for China Shipping Container Lines (CSCL), and takes the title of world’s largest containership from Maersk Line’s 18,000 teu Triple E class vessels. Measuring 400 meters in length, 58.6 meters in width and 30.5 meters in depth, CSCL Globe is as large as four soccer fields. She will be deployed on the Asia-Europe trade loop after being handed over to the owner within this month.

China's largest RoRo 'Bohai Emerald Bead' with the longest reach leaves Yantai Port in East China. Different from ordinary ships, the 36,000 displacement civilian passenger and roll-on/roll-off ship was constructed in accordance with national defense requirements in mind in its design and construction so that it can carry organic troop units and heavy equipment. The 178-meter-long and 28-meter-breadth ship can carry 2,000-plus persons and be loaded with over 300 vehicles of various sizes simultaneously. The "Bohai Emerald Bead" is the first ship of its kind to be built in China, and there are three more of the same design under construction.

Sino-Global Shipping America, Ltd. a shipping agency, logistics and ship management services company, today announced that it has entered into a Memorandum of Understanding (the "MOU"), between the Company and Rong Yao International Shipping Limited, a Hong Kong corporation (the "Vessel Seller") pursuant to which the Company has agreed to acquire a small oil/chemical tanker (the "Vessel") from the Vessel Seller. Pursuant to the terms of the MOU, the purchase price for the Vessel is RMB 65 million (or approximately US $10.5 million), which may be paid in any combination of cash, debt financing and/or the issuance of securities of the Company to the Vessel Seller, that the parties so agree to in the definitive purchase agreement. Builder/Yard: Zhejiang Chenglu Shipbuilding Co., Ltd.