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Sichuan News

11 Jan 2019

Cosco Opens New International Hainan-ASEAN Liner Route

The New International Land-Sea Trade Corridor (ILSTC) and COSCO Shipping  'Hainan-ASEAN (Singapore)' Liner Route, co-hosted by Hainan Provincial People’s Government and COSCO Shipping, was launched at Hainan Yangpu Xiaochantan Terminal owned by Hainan Harbor & Shipping Holding.Hainan Governor Shen Xiaoming announced the launch of the maiden voyage.The “Hainan-ASEAN (Singapore)” Liner Route opens a direct passage through which goods from China’s western regions can be shipped southward to Singapore via Yangpu Port, as well as a new channel for transferring cargo from China’s coastal ports to Southeast Asia via Yangpu.It declares that Yangpu Port in Hainan has turned to a new pivot of ILSTC and marks that ILSTC…

13 Nov 2017

Delfin Taps China for US FLNG, but Final Investment Decision 'Challenging'

(Image: Delfin LNG)

Delfin Midstream, developing the first floating facility to export U.S. natural gas, has sealed a preliminary 15-year sales deal with city gas distributor China Gas Holdings, Delfin founder and Chief Executive Officer Frederick Jones said. But industry veteran Jones told Reuters in an interview that Delfin is also tapping unnamed Chinese banks to fund its ambitious $8 billion as the current global supply overhang in liquefied natural gas (LNG), with bumper exports also expected from Australia and Qatar, makes Delfin’s target of a final investment decision (FID) in 2018 challenging.

11 Jun 2015

PSA International Ventures into South-Western China

PSA International (PSA) established itself as the first and only Global Terminal Operator in the Guangxi-Beibu Gulf region by signing a Joint Venture Agreement with Beibu Gulf Port Group (BPG) and Pacific International Lines (PIL) to operate a new container terminal in Qinzhou City (Guangxi Province, China) - BEIBU GULF-PSA International Container Terminal Co., Ltd (BPCT). The joint venture terminal is PSA’s first foray in the South-Western China region – one of the fastest growing economic regions in China. Accessible to Southeast Asia by land and sea, the region has been earmarked by the Chinese government as a key area for coastal development and collaboration with ASEAN countries.

07 Jun 2015

Obscure Chinese Town Rallies After Ship Disaster

Since being thrust onto the world stage, residents of a once obscure part of China have rallied round to help those affected by the sinking of a cruise ship, an outpouring of kindness in a country more used to worrying about a decline in public morals. The 1.5 million people of Jianli, which sits on a bend of the mighty Yangtze River in the central province of Hubei, have offered free food, car rides and even hair-dressing services to the relatives, rescuers, officials and reporters who have rushed there after the ship carrying more than 450 people sank in a storm on Monday. Residents have tied bright yellow scarves to their arms, car mirrors, buildings and gates to show solidarity with those impacted by the disaster.

21 Jan 2015

DNV GL Opens New Central China Office

DNV GL celebrated the opening of its new office in Nanjing (Photo courtesy of DNV GL)

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.

20 Nov 2014

Australia: Maritime SAR in Asia Pacific a Priority

Defense force personnel from Australia are in China for Exercise Cooperation Spirit 2014 which begins today. The exercise aims to enhance coordination and cooperation between Australia, China and New Zealand in responding to unforeseen disasters that occur in the Asia-Pacific. This year the exercise is focusing on a maritime search and rescue response involving the Australian Defense Force, the Chinese People’s Liberation Army and the New Zealand Defense Force. Captain Michael Harris (Royal Australian Navy), Commander of the Australian Contingent, said exercise Cooperation Spirit will enable Australia, China and New Zealand to enhance their ability to work closely together.

27 Oct 2014

Tanzania: China-Funded Port Work Starts in 2015

Construction of a Chinese-funded port and special economic zone in Tanzania worth at least $10 billion will start in July 2015, the president's office said in a statement on Monday, for the first time setting a start date for the delayed initiative. Tanzania aims to build a huge port at Bagamoyo, 75 km (47 miles) north of commercial capital Dar es Salaam, the site of the country's main port, where shippers complain of congestion and inefficiencies. A construction agreement for the port and associated zone was signed on Sunday and follows a framework deal signed last year. An official said a start date for building work had taken time to set because of other negotiations about infrastructure to link the port to national transport networks.

03 Aug 2014

Quake Leaves at Least 367 Dead in Southwestern China

A 6.3 magnitude earthquake that struck southwest China on Sunday left at least 367 dead and 1,881 wounded in a remote mountainous area of ​​Yunnan province, and caused some buildings to collapse , including a school. The United States Geological Survey said the quake struck at a shallow depth, less than 1.6 miles. Chinese state media reported that the quake was felt strongest in Yunnan, as well as in the adjacent provinces of Guizhou and Sichuan. The official Xinhua news agency said the epicenter was in the village of Longtoushan, Ludian County of Yunnan Province. Communications have been severely affected and rescuers are coming to the site, the report said. Photos uploaded to Internet by state media showed soldiers carrying the wounded and damaged by bricks that fell from buildings cars.

07 Jul 2013

China Firm Buys Scana Machinery Co. Stake

Norway Headquartered Scana Industrier ASA has entered into an "Equity Sale and Purchase Agreement" with Leshan Zhi Yuan Gao Di Mining Co. Ltd. regarding a sale of Scanas 80% equity share interest in Leshan Scana Machinery Co. Ltd. The new owner will immediately take responsibility for daily operation of the company together with the existing organization, and will take responsibility for the companys obligations, say Scan Industrier. Leshan Scana Machinery is located in Leshan City, Sichuan Province, China. "The transaction will gradually strengthen Scanas capital base through cash inflow and reduced debt. The "Equity Sale and Purchase Agreement" is now to be approved by Chinese authorities.

25 Jun 2013

China to Set Up River–Sea Intermodal for Taiwan Trade

An intermodal shipping line connecting the Yangtze River city of Luzhou in Sichuan province and Wuhan in Hubei province, thence on to Taiwan will be launched by the end of this year, reports Xinhua. With the new service, Sichuan products, such as auto parts, mechanical or electronic products, will be shipped to Wuhan on smaller vessels and then be loaded onto larger near-sea ships for Taiwan, moving goods nearly four times faster door to door. Luzhou port, being the only river port in the region to offer sea-rail intermodal service, is an important port for trade cargo in the mid-west region. Last year, it handled 135,200 TEU, taking up 84 per cent of Sichuan's total. Source: Xinhua

21 Feb 2013

PetroChina Takes Stake in Australian Offshore Exploration

PetroChina Company signs agreements with ConocoPhillips to take interests in W. Australian exploration assets & a JSA in China. Under these agreements, PetroChina will acquire 20% interest in the Poseidon offshore discovery in the Browse Basin, and 29% interest in the Goldwyer Shale onshore Canning Basin. In addition, PetroChina and ConocoPhillips will enter into a Joint Study Agreement (JSA) to study unconventional gas resource in the Neijiang-Dazu Block in China’s Sichuan Basin. The agreements still require government and partner approvals. The signing of these agreements marks a significant step toward increased global collaboration between PetroChina and ConocoPhillips.

06 Dec 1999

China Finds More Bodies From Ferry Disaster

As divers pulled more bodies from the sunken wreckage of a car and passenger ferry last week, officials vowed to recover all of the 280 victims of China's worst ferry disaster in recent years, which occurred on Nov. 24. The death toll threatens to surpass that of China's worst shipping disaster in recent years, in which 133 people died when a ferry collided with a freighter on the Yangtze River and sank in February 1994. Only 22 of the 302 people aboard the ferry are known to have survived the disaster, in which the 9,000-ton Dashun caught fire, then broke up and sank in rough seas and gale-force winds. The most recent report on the recovery effort brought the number of bodies found to 123.