Shandong News

01 Apr 2020

China's Ports Brace for Second Hit as Virus Spread Wipes Out Exports

© lotusjeremy / Adobe Stock

China's ports and shipping firms are bracing for a second wave of supply chain disruptions that may be deeper and more prolonged than during the country's coronavirus lockdown as the global spread of the virus chokes off international demand.With Beijing reporting only sporadic domestic transmission of the coronavirus since March, workers have been allowed to return to posts, factories are restarting and ports are rushing to clear a backlog of cargoes.But with virus outbreaks now overwhelming healthcare systems and shutting logistics channels in other major economies…

30 Mar 2020

Qingdao Cruise Terminal Construction Kicks Off

(Photo: Stadt Qingdao)

An event officially signalling the start of construction on Qingdao International Cruise Terminal in China was held alongside a global promotion launched to attract investment. At the event, the People's Government of Qingdao signed a cooperation agreement with Shandong Port Group for a RMB10 billion project, and inked contracts with a number of partners for 14 industrial projects with a total investment of RMB31.35 billion.The government of Qingdao's Shibei District is pushing…

02 Mar 2020

China's Bunker Fuel Demand Plummets

© aerial-drone / Adobe Stock

China's marine fuels sales fell by as much as 50% in February as the rapidly spreading coronavirus and prolonged Lunar New Year break strangled freight movement in and out of the global manufacturing powerhouse, trade sources said.The epidemic, which has killed almost 3,000 people and infected about 80,000 in China alone, triggered the sharpest contraction on record for Chinese factory activity in February and caused massive port congestion because of labor shortages.The resulting plunge in freight demand has knocked 40% off Asian prices for very low-sulphur fuel oil (VLSFO) since early Januar

14 Feb 2020

Coronavirus Leaves China-bound Tankers Stranded

© Riekelt / Adobe Stock

The coronavirus's effect on energy markets is worsening, as the sharp fall in demand in China, the world's largest importer of crude, is stranding oil cargoes off the country's coast and prompting shippers to seek out other Asian destinations.More than 1,360 people have died from the coronavirus in China, which has disrupted the world's second largest economy and shaken energy markets, with international benchmark Brent crude oil down 15% since the beginning of the year.Major international energy forecasters expect demand to fall in this quarter…

12 Feb 2020

Coronavirus Disrupts Global Ship Deliveries

© YuanGeng / Adobe Stock

Global ship deliveries have been hit as yards in China struggle to get fully back to work as a result of the coronavirus outbreak, with one shipbuilder saying it could not deliver two vessels.The coronavirus has caused chaos in Asia and beyond with flights suspended, businesses disrupted and entry restrictions imposed by governments trying to ward off its spread. The global shipping trade has also been hit.China's Jiangsu New Times Shipbuilding, which has an annual production capacity of 5 million deadweight tonnes (DWT)…

05 Feb 2020

Coronavirus Paralyzes Oil, Gas Sales into China

© Riekelt / Adobe Stock

Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers ponder legal action to avoid having to honor purchase agreements, trade sources said.Typically, trade would have revived after the Lunar New Year holiday at the end of January, but China has extended the break into February to try to contain the fast-spreading coronavirus, which has claimed nearly 500 lives.As a result…

03 Feb 2020

Coronavirus hits Supertanker Rates

© Trueffelpix/AdobeStock

Freight rates for supertankers on the Mideast Gulf and U.S. Gulf routes to Asia have fallen to their lowest since mid-September as the coronavirus outbreak hit Chinese oil demand, ship brokers told Reuters.China's Sinopec Corp, Asia's largest refiner, and so-called "teapot" independent refineries have reined in operations in the face of plunging consumption."The market has gone back to what it was before the COSCO sanctions came in," one ship broker said, referring to U.S. sanctions on subsidiaries of the state-owned Chinese shipping company."All the other variables have gone away…

22 Oct 2019

Tankers Unable to Offload in Malaysian Port

© Igor Groshev / Adobe Stock

Refineries at Port Dickson on Peninsular Malaysia's west coast are unable to receive crude oil after a port facility that carries crude from the ships to the plants broke down.A system known as a single point mooring (SPM) unit, a loading buoy anchored offshore that allows tankers to offload their crude via pipeline to the refineries, has been out of service, the refinery operators said.The SPM connects to a refinery operated by Hengyuan Refining Company Bhd (HRC), a subsidiary of China's Shandong Hengyuan Petrochemical Co…

14 Aug 2019

China Launches Intermodal to Hungary

Pic courtesy: China-Europe Railway Express

A new freight train service has been launched  linking Jinan, capital of east China's Shandong Province, and Budapest, capital of Hungary, making it the newest China-Europe freight train route.According to Xinhua, this is the fifth freight train service Jinan has opened to Europe and Central Asia.The city's port and logistics office said that goods can now reach 12 countries in Europe and Central Asia through the train routes.The report said that cargo trains have made 81 journeys from Jinan to Europe and Central Asia in the first half of this year…

12 Aug 2019

Death Toll Mounts as Lekima Roils Eastern China

BEIJING, Aug 12 (Reuters) - The death toll from typhoon Lekima in eastern China rose to 44 people on Monday morning, according to official data, as the storm continued up the coast, racking up billions of dollars in economic losses and widely disrupting travel.An additional 12 people were recorded dead from the storm, including seven from Zhejiang province and five from Shandong, with 16 people missing, according to data from provincial emergency bureaus and state media.State broadcaster CCTV had put the death toll at 32 on Sunday.Typhoon Lekima made landfall early on Saturday in China's Zhejiang province, with winds gusting up to 187 kmh (116 mph).

17 Jun 2019

New Scrubber Service Station at Portland Port

Photo courtesy of Intermarine UK

Intermarine UK struck an agreement with a Chinese manufacturer to make the Port of Portland one of the UK’s centers for scrubber installation.Intermarine President Slawomir Kalicki signed the agreement at Norshipping in Oslo with counterpart DB Wang deputy general manager of the Shandong Pure Ocean Technology based in Renhe Town in the Shandong province. The deal will see Intermarine act as an agent to Shandong and offer to install its scrubber systems to a wide variety of vessels to help them meet tough new environmental regulations.

31 Dec 2018

Martime Propulsion: New Solutions Meet New Emission Demands

With a robust engine block designed for continuous-duty operation and long life, and a single cylinder head with four valves per cylinder, the Cummins X15 marine engine provides reduced fuel consumption without reduced performance. The X15, which can be used in both commercial and recreational marine applications, is available as a propulsion engine and as an auxiliary engine. (Photo: Cummins Inc.)

Marine propulsion manufacturers are not just responding to but are anticipating tighter performance demands from the U.S. EPA  and the IMO by introducing both new and upgraded systems based on state-of-the-art propulsion technologies. Tom Mulligan reviews the latest engine product launches.AIP for MAN cryo Liquid Hydrogen Fuel-Gas systemMAN Cryo, a subsidiary of MAN Energy Solutions, has developed a marine fuel-gas system for liquefied hydrogen in cooperation with Fjord1 and Multi Maritime 0f Norway.

06 Jul 2018

Asian Refiners Rush to Secure Feedstock as Trade War Looms

File Image (CREDIT: AdobeStock / © Carabay)

U.S. tariffs on Chinese goods came into effect Friday; China retaliates, duty on U.S. crude possible. Asian oil refiners are racing to secure crude supplies in anticipation of an escalating trade war between the United States and China, and as Washington plans tough sanctions against Iran aimed at shutting the country out of oil markets. As part of a wave of retaliation for Friday's U.S. tariffs, China has threatened a 25 percent duty on imports of U.S. crude. Meanwhile, Washington's new sanctions against Tehran are due to kick in from November.

13 Jul 2018

CTG Wash Water Monitor Installed on Scrubber Retrofit in China

The installation represents one of the first scrubber retrofits to be carried out in a Chinese yard, a reflection of the industry-wide acceleration in the global scrubber market. (Photo: CTG)

A Sea Sentry wash water monitoring system for ship exhaust gas cleaning systems from maritime sensors manufacturer Chelsea Technologies Group (CTG) has been installed in a Shandong Pure Ocean Technology scrubber, which has been retrofitted to Liberian-flagged bulk carrier BAO Glory, at the Weihai Xinhong shipyard in Weihai, China.The installation represents one of the first scrubber retrofits to be carried out in a Chinese shipyard, a reflection of the industry-wide acceleration in the global scrubber market…

05 Nov 2018

Samjin Shipbuilding to Deliver Christiane Oldendorff Soon

Image: Oldendorff Carriers

Dry bulk shipping firm Oldendorff Carriers said that the bulk carrier newbuilding MV “Christiane Oldendorff” (charter name “Midland Trader”) of 36,000 tdw will be delivered around the turn of the year. The ship is built at Samjin Shipbuilding Industries Co Ltd at Weihai, Shandong.The German company which ships and tranships over to 300 million tons of bulk cargo every year said in a note that  a sister ship, MV “Christopher Oldendorff” (charter name “Hansa Baltic”) is expected to start trading in April 2019."We originally ordered them in June 2012 at the then Korean controlled yard.

29 Jun 2018

BP Long on Millions of Barrels of Crude off China

File Image: A loaded VLCC underway (CREDIT: EuroNav)

BP operates largest teapot marketing team among majors; four BP-chartered tankers have trouble unloading off China. Four supertankers chartered by energy major BP have been held up or delayed off China's east coast over the last two months, unable to fully discharge oil as slowing demand from the country's private refiners starts to impact global markets. Two of the four BP-chartered very large crude carriers (VLCCs) are still off Shandong province holding half their cargoes of Angolan crude oil…

15 Aug 2018

BP Offloads Last Two Stranded Oil Cargoes in China

© Samt Mendher / MarineTraffic.com

Oil major BP on Tuesday offloaded about 1 million barrels of Angolan crude from supertanker Olympic Light to an independent Chinese refiner after holding the oil at sea for about three months, people with knowledge of the discharge said on Wednesday.The oil had been aboard one of four supertankers held up or delayed off China's east coast near Shandong since as long ago as April, unable to discharge BP's oil due to slowing buying from private refiners in the world's second-biggest economy.All four have delayed cargoes…

25 Sep 2018

Sinopec Adds LNG Tank at Tianjin Terminal

(File photo: Chen Feng / Sinopec)

China's Sinopec Corp completed adding a third tank to store liquefied natural gas at its receiving terminal in Tianjin, marking the completion of construction of the first phase of the import facility, the state oil and gas group said on Tuesday.The terminal, in the northern port city Tianjin, near Beijing, began operations last February. It has an annual receiving capacity of 3 million tonnes and an annual supply capacity of 4 billion cubic meters (bcm).The terminal has so far this year received 22 shipments of LNG that totaled 1.46 million tonnes in volume.

08 Oct 2018

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

24 Jan 2018

US Soy Cargo to China Traded Using Blockchain

File photo: Louis Dreyfus Co / © David Hundley

A cargo of U.S. soybeans shipped to China has become the first fully-fledged agricultural trade conducted using blockchain, participants said on Monday. Louis Dreyfus Co, Shandong Bohi Industry Co, ING, Societe Generale and ABN Amro took part in the trade where the sales contract, letter of credit and certificates were digitalised on the Easy Trading Connect (ETC) platform. "We noticed very significant efficiency gains ... far beyond what we expected," Robert Serpollet, global head of trade operations at Louis Dreyfus…

26 Mar 2018

Huge Ore Carrier Delivered to Vale

Ore Tianjin: File Photo:

Shandong-based Qingdao Beihai Shipbuilding Heavy Industry Co, a subsidiary of Wuchang Shipbuilding Industry Group Co, delivered a very large ore carrier (VLOC) to Brazilian miner Vale SA, said Chinese state media. China Daily said that the ship, named Ore Tianjin, has 400,000 metric tons' carrying capacity and is the first VLOC the group has made for Industrial and Commercial Bank of China Leasing. Aiming to reduce the shipping cost by increasing capacity and enhance the operator's global competitive edge…

29 Mar 2018

Oil Backlog Off China Limits Prospects for Fresh Atlantic Basin Shipments

© cascoly2 / Adobe Stock

A backlog of crude cargoes has built up off the coast of China, limiting prospects for new shipments to the world's largest oil importer, trading and shipping sources said. The amount of oil floating in tankers off China has risen partly due to tax changes and an anti-pollution drive that have depressed oil demand from small, independent refiners, known as "teapots". Maintenance has curtailed run rates at others. This has combined with aggressive selling, particularly from West Africa, that pushed vessels to the region even when early warning signs showed crude demand could falter.

21 Dec 2018

U.S. Soybean Cargo Unloaded in China

File image: Soy cargo loading (CREDIT: AdobeStock / © Igor Strukov

A vessel carrying U.S. soybeans has unloaded its cargo at the port of Qingdao in China on Friday, shipping data showed, amid a trade truce between China and the United States.The Star Laura, originally carrying 69,298 tonnes of soybeans loaded in Seattle, arrived at Qingdao outer anchorage in early November.The vessel's draft is now at 44 percent of its maximum depth, indicating it has emptied its load, data from Refinitive Eikon showed.The ship changed destination to South Korea in early November but came back to the port in eastern Shandong province in December…

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