South China News

04 Apr 2019

Cosco Intros Guangzhou Supply Chain Platform

Photo:Cosco Shipping Ports

The global ports operator Cosco Shipping Ports signed investment agreement of Cosco Shipping Ports Supply Chain Project with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau.The Cosco Group company said that it plans to develop phase I of terminal extended business in the land near Nansha Stevedoring Corporation Limited of Port of Guangzhou and Guangzhou South China Oceangate Container Terminal Company Limited, in order to develop port supply chain platform…

25 Mar 2019

US Navy, Coast Guard Navigate Taiwan Strait

File Image: CREDIT US Navy

The United States sent Navy and Coast Guard ships through the Taiwan Strait on Sunday, the U.S. military said, as part of an increase in the frequency of movement through the strategic waterway despite opposition from China.The voyage risks raising tensions with China further but will likely be viewed by self-ruled Taiwan as a sign of support from Washington amid growing friction between Taipei and Beijing.The two ships were identified as the Navy destroyer Curtis Wilbur and the Coast Guard cutter Bertholf, a U.S.

21 Mar 2019

China Builds 30,000-tonne Nuclear-Powered Ship

Russia's icebreaker. Image: Rosatom State Atomi? Energy Corporation ROSATOM

China is working to develop a 33,069-ton nuclear icebreaker, which would be even bigger than the epic nuclear-powered vessels built by Russia.South China Morning Post reported that while the purpose of the ship has not been specified, the plan is to have a 152-metre long, 32-metre wide and with a displacement of 30,000 tonnes.China General Nuclear Power Group (CGN) has invited bids for the contract to build the vessel and it is described in the tender documents as an “experimental platform”.The deadline for interested parties to tender was Wednesday (yesterday)…

12 Mar 2019

Indonesia Okays Empyrean Plan for Mako Gas

Image: Empyrean Energy PLC

Indonesia has approved the development plan for the Mako gas field, Empyrean Energy PLC and Coro Energy PLC said.Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has approved the plan of development (POD) for the Mako gas field at the Duyung production sharing contract (PSC), offshore Indonesia, said a joint statement.Mako is located on the Duyung production sharing contract, which covers 890 square kilometres offshore the Riau Islands province.Tom Kelly, CEO of Empyrean…

19 Feb 2019

Shell: A Cost Saver for Chinese RoRos

Image: Shell Marine

Shell Marine integrated solutions have saved the equivalent of around $123,000 annually for its customer China’s operator of RoRo tonnage Hainan Strait Shipping.On Shell’s advice, Hainan Strait Shipping had switched its trunk piston engine oils to a combination of Shell Argina S3 40 and Shell Gadinia S3 40 for six ships operating in the South China Sea.With this change, Hainan Strait Shipping was able to reduce maintenance and lubricant costs, while improving the efficiency and longevity of its MAN Diesel & Turbo main and auxiliary engines.Joris van Brussel…

13 Feb 2019

Mnuchin: China Talks "So far, so good"

© windy Li/AdobeStock

U.S. Treasury Secretary Steven Mnuchin said talks with China went well on Wednesday, as the world's two largest economies try to iron out an agreement to resolve their trade dispute."So far, so good," he said when asked by reporters on how the meetings in Beijing went. He did not say who he met.Mnuchin said earlier he hoped for "productive" trade meetings as the two countries seek to end a festering dispute that has seen both sides level tariffs at one other.U.S. tariffs on $200…

08 Feb 2019

Aker Solutions Revenues Up 8%

Luis Araujo, CEO, Aker Solutions

Aker Solutions reports Q4 2018 revenue of $813 million, an 8% rise compared to Q4 2017 powered by “significant international awards in a competitive, but improving market.” In total, order intake for the quarter was $615.6 million, leaving the company with an order backlog of more than $4 billion. Better still, looking forward the company sees “continued signs of a recovery in the global market” with approximately $5.2 billion worth of contracts currently in the bid phase.In analyzing the results…

23 Jan 2019

Offshore Upswing: CNOOC Spend Highest Since 2014

© xmentoys/AdobeStock

China's state-owned offshore oil and gas producer CNOOC Ltd said it is confident of achieving its spending target this year, the highest since 2014, as its responds to a call to build up the nation's petroleum output and reserves.The company plans to spend 70 billion to 80 billion yuan ($10.3 billion to $11.8 billion) on exploration and production, CNOOC said in a press release on Wednesday, compared with an expected 63 billion yuan in capital spending for 2018.Beijing has called…

14 Jan 2019

Chinese Eye Philippines Hanjin Shipyard

Image:  Hanjin Heavy Industries and Construction

Two Chinese shipbuilding companies have expressed intent to invest in the largest Philippine shipyard, debt-riddled Hanjin Heavy Industries and Construction Philippines, the Department of Trade Industry (DTI) said.Drowning in debt,  the Philippine business of the Hanjin Group of South Korea, has asked the government for help in search of an investor who would take over the business and save the troubled shipbuilder.Philippines Rodrigo Duterte administration has stepped in to help save the troubled investor in Subic.According to local media reports…

11 Jan 2019

PetroVietnam: Maritime Tensions Weigh on Operations

(Photo: PetroVietnam)

Vietnam's state oil firm PetroVietnam said on Friday that tension in the South China Sea will continue to weigh on its offshore operations this year.The company, formally known as Vietnam Oil and Gas Group targets to produce 12.37 million metric tonnes of crude oil this year, down 11.45 percent from last year's output, it said in a statement.Vietnam and China have been embroiled in maritime disputes in parts of the busy waterway, where China claims 90 percent of the potentially energy-rich maritime territory, which Vietnam calls the East Sea."The complicated developments in the East Sea have h

02 Jan 2019

Cosco Shipping Ports Buys Stake in Beibu Gulf Port

Pic: Cosco Shipping Ports

Hong Kong-based Cosco Shipping Ports has purchased a 4.34% stake in Shenzhen-listed Beibu Gulf Port Co for a total consideration of approximately RMB 470 million (USD 68 mln)."By subscribing the shares, Cosco Shipping Ports aim to further strengthen the cooperation with Beibu Gulf Port, and lay a foundation for the Company to participate in the integration of Guangxi ports. At present, Cosco Shipping Ports teams up with Beibu Gulf Port in operating Qinzhou International Container Terminal Co.…

10 Dec 2018

Scientist Pool Data to Create the $3B Ocean Map

© peteri/Adobe Stock

For experts in the field of ocean mapping it is no small irony that we know more about the surfaces of the Moon and Mars than we do about our planet's sea floor."Can you imagine operating on the land without a map, or doing anything without a map?" asked Larry Mayer, director of the U.S.-based Center for Coastal and Ocean Mapping, a research body that trains hydrographers and develops tools for mapping."We depend on having that knowledge of what's around us - and the same is true for the ocean…

05 Dec 2018

Floating LNG in Asia Finds Buyers as Prices Plunge

Atypical LNG carrier enroute to berth. (File image / Adobestock / © Fotmart

Nine or more tankers on the way or discharged into Asia, while at least five still holding LNG off Singapore.Several liquefied natural gas (LNG) cargoes that had been stored on vessels in Asian waters are now heading towards buyers' terminals in China, Japan or South Korea as spot prices for the super-chilled fuel have plunged this week to multi-month lows.At least nine LNG tankers are now on their way or have already offloaded cargoes to buyers after floating off Singapore, Malaysian or South China waters for up to two months…

12 Oct 2018

MOL Tech for Real-time Cargo Information

Devices mounted inside containers. Pic: MOL

Mitsui O.S.K. Lines (MOL) announced that its group company MOL Consolidation Service (MCS) has successfully completed the trial transport of containers equipped with a remote container tracking management device on railway routes connecting China and Europe.This device, by mounting inside the container, makes it possible to monitor cargo in transport using various equipment such as GPS, a temperature gauge, and an optical sensor.Customers, using this device, can track the location and route of the cargo in real time using GPS…

25 Sep 2018

US Navy Ship Denied Entry into Hong Kong Port

File photo: The amphibious assault ship USS Wasp (LHD 1) (U.S. Navy photo by Levingston Lewis)

China has denied a request for a U.S. warship to visit Hong Kong, the U.S. consulate in the Chinese city said on Tuesday, amid rising tension between Beijing and Washington over trade and a U.S. decision to sanction the Asian nation's military.The amphibious assault ship Wasp had been due to make a port call in the former British colony of Hong Kong in October, diplomatic sources said."The Chinese Government did not approve a request for a U.S. port visit to Hong Kong by the USS Wasp…

31 Aug 2018

Ronald Reagan Strike Group, JMSDF Participate in Bilateral Training

Photo: U.S. Navy

The Ronald Reagan Strike Group and Japan Maritime Self-Defense Force, Escort Flotilla 4 Battle Group, participated in bilateral training Aug. 31 while underway in the South China Sea.During the training, units from the two maritime forces sailed in formation, participated in replenishment-at-sea training, exchanged Naval Liaison Officers and practiced maneuvering procedures.Additionally, Rear Adm. Karl O. Thomas, Commander, Task Force 70, and CTF 70 personnel visited JS Kaga to speak with JMSDF Rear Adm. Tatsuya Fukuda, Commander, Escort Flotilla 4, about JMSDF and U.S.

28 Aug 2018

Ocean Installer Wins First Contract in China

Image: Ocean Installer

Ocean Installer has been awarded a contract for 3rd Party Verification and Engineering Support work for the Liuhua 29-1 Gas Field Development located in the South China Sea.The work scope encompasses 3rd party verification of detailed design and subsea construction engineering, as well as various other support functions to the client’s engineering team.This is the company’s first job in China, and Ocean Installer will conduct the work as a subcontractor to COOEC Subsea Technology Co.…

28 Aug 2018

Seven Dead as Cargo Ship Sinks in China

File Image: International Maritime Organization (IMO)

Seven people have died after a cargo ship sank in the Beijiang River, in south China's Guangdong Province, Chinese official media said quoting local authorities.The report said that the ship, Yueyingde Cargo 8030, capsized and sank at 11:30 p.m. on Monday. All the seven bodies had been recovered by 5:45 p.m. on Tuesday.The maritime rescue center of the city of Qingyuan initiated an emergency response and dispatched search vessels to the site. The rescue is still on-going, it said.A team will be sent to salvage the wreck of the ship and further investigation will follow.

09 Aug 2018

ZIM Annouces New Asia - America Network with 2M

File Photo: ZIM Integrated Shipping Services Ltd

Zim Integrated Shipping Services (ZIM) has announced the new Strategic Partnership Agreement with the 2M alliance, details of the new improved Asia - U.S. East Coast – Asia network that are now available.Nissim Yochai, ZIM EVP Trans Pacific Trade, said: "The new alignment will enable ZIM customers to enjoy the best of both worlds: ZIM’s highly reputed personalized service, along with the best-in-market infrastructure and product.”The new upgraded network includes 5 services under the ZIM+2M cooperation…

05 Aug 2018

One Minato Shines Through Port of Yantian

The One Minato, the magenta-coloured 14,000 TEU-class containership made a successful call at the Yantian International Container Terminals. Photo: Ocean Network Express (East Asia). Ltd.

Ocean Network Express East Asia (ONE EA) has celebrated the maiden voyage of the second of a series of seven 14,000 TEU-class magenta containership of the company, ONE MINATO at Yantian International Container Terminals Limited (YICT).Sailed under the flag of Japan,  One Minato is a newly built 14,000 TEU-class containership which was delivered from Imabari Shipbuilding Co., Ltd. in Hiroshima, Japan on 24 July 2018.At 365.94 metres length and 51.2 metres width, the vessel deployed on THE Alliance’s Asia to North America East Coast trade (EC4 service)…

18 Jul 2018

Shipping Losses Continue to Fall

Graph: Allianz Worldwide

Large shipping losses have declined by 38 percent overall in the past decade, according to the Safety & Shipping Review 2018 by Allianz Global Corporate & Specialty (AGCS).Further, the number of total losses declined by 4 percent to 94 last year, the second lowest number in a decade.“Insurance claims have been relatively benign, reflecting improved ship design and the positive effects of risk management policy and safety regulation over time,” says Baptiste Ossena, Global Product Leader Hull & Marine Liabilities…

18 Jul 2018

Yang Ming Marine Transport Upgrade China-Indonesia Service

Photo by DNV GL

Taiwanese ocean shipping company  Yang Ming Marine Transport Corp. (YM) will upgrade its China to Indonesia Service (CTI service).Four container vessels of nominal 4,250TEU will be deployed for the service effective on 7th August 2018.They will serve customers not only from Central & South China to/from Jakarta & Surabaya but also provide direct service from Davao to Kaohsiung & China.The CTI service will make a round voyage in 28 days. The rotation of ports of call are: Shanghai–Ningbo–Shekou–Jakarta–Surabaya–Davao–Kaohsiung– Shanghai.

19 Jun 2018

CNOOC Developing New Deep Sea Gas Block in South China Sea

China's offshore oil and gas producer CNOOC has started developing a new gas field in the South China Sea, the official Xinhua News Agency reported on Tuesday.The Lingshui 17-2 gas field is the first deep sea gas block fully operated by a Chinese company, Xinhua said citing CNOOC officials.The deep sea project, which was discovered in 2014, is 150 km (94 miles) south of China's southern Hainan island, with an average operational depth of 1,500 metres, according to a Reuters report from that year.CNOOC is ready to start building a subsea level platform used for drilling, Xinhua said.(Reporting by Meng Meng and Aizhu Chen; Editing by Tom Hogue)

Maritime Reporter Magazine Cover Apr 2019 - Navies of the World

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News