South China News

19 Jul 2019

Vietnam: Chinese Vessel Violated its Sovereignty

Vietnam on Friday accused a Chinese oil survey vessel and its escorts of violating its sovereignty and demanded that China remove the ships from Vietnamese waters.Vietnam and China have for years long been embroiled in a dispute over the potentially energy-rich stretch of waters in the South China Sea.On Wednesday, two U.S.-based think tanks reported that Chinese and Vietnamese vessels had engaged in a standoff lasting several weeks near an oil block in Vietnam's exclusive economic zone.

17 Jul 2019

Vietnam, China in South China Sea Standoff

© lotusjeremy / Adobe Stock

Vietnamese and Chinese ships have been embroiled in a weeks-long standoff near an offshore oil block in disputed waters of the South China Sea, which fall within Vietnam's exclusive economic zone, two Washington-based think-tanks said on Wednesday.China's U-shaped "nine-dash line" marks a vast expanse of the South China Sea that it claims, including large swathes of Vietnam's continental shelf where it has awarded oil concessions.The Haiyang Dizhi 8, a ship operated by the China Geological Survey…

11 Jul 2019

Shipping Losses Lowest This Century as New Dangers Emerge

Captain Andrew Kinsey, Senior Risk Marine Consultant with Allianz Risk Consultant (ARC)

The Allianz Global Corporate & Specialty AGCS) Safety & Shipping Review 2019 provides a unique and in-depth look at the emerging risks facing international shipping stakeholders.Large shipping losses are now at their lowest level this century having declined by over 50% year-on-year, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2019. The annual study analyzes reported shipping losses over 100 gross tons (GT). AGCS provides global marine and shipping insurance for all types of marine risk…

03 Jul 2019

Zim Begins Asia-Gulf Services with 2M

Pic: ZIM

The global container shipping line Zim Integrated Shipping Services Ltd (Zim) announced a further expansion of its strategic cooperation with the members of the 2M Alliance, Maersk & MSC, to the Asia - US Gulf Trade."The new services, catering for both Central and South China and South Korea, offer significant advantages for customers, including direct connections to major ports in Asia and the US Gulf; best-in-market transit time with reliable dedicated service; Two weekly cutoffs in Houston & Mobile to better serve growing US exports requirements…

13 Jun 2019

MarineTraffic Partners With exactEarth

Logo: Marine Traffic

MarineTraffic is partnering with exactEarth to deliver additional real-time information to its users.The additional satellite data compliments the MarineTraffic coastal receiver network: the world's largest and most extensive system consisting of 3,500 points of presence allowing for real-time vessel tracking data of most of the global shipping fleet.  The addition of exactEarth data to the existing satellite dataset on MarineTraffic will particularly enhance the visibility of vessels in both the Gulf of Mexico and the South China Sea.

12 Jun 2019

Philippines Denounces Chinese Fishing Boat for Collision

The Philippines on Wednesday denounced the crew of a Chinese fishing boat that collided with a Philippine vessel and left 22 Filipino fishermen abandoned in the disputed South China Sea.The collision took place near the Reed Bank on Sunday, the defence ministry said, adding that a Vietnamese fishing boat rescued all the fishermen."We denounce the actions of the Chinese fishing vessel for immediately leaving the incident scene, abandoning the 22 Filipino crewmen to the mercy of the elements," Defence Secretary Delfin Lorenzana said in a statement.Reuters could not independently verify the Philippine account of the collision. China’s foreign ministry did not immediately respond to requests for comment.China…

05 Jun 2019

Shipping Losses Declines by 65%

Image: Allianz Global Corporate & Specialty (AGCS)

The international shipping industry is responsible for around 90% of world trade. There are around 60,000 merchant ships, transporting every kind of cargo.The world fleet is registered in over 150 nations, and manned by over a million seafarers, meaning the safety of vessels is critical. The maritime industry saw the number of total shipping losses of vessels over 100GT plummet during 2018 to 46 – the lowest total this century. To put this into context there were 207 total losses…

21 May 2019

USN Ship sails in Disputed South China Sea

SOUTH CHINA SEA (May 7, 2019) An MH-60R Sea Hawk helicopter assigned to the "Easyriders" of Helicopter Maritime Strike Squadron (HSM) 37, Detachment 1, picks up pallets from the Military Sealift Command fleet replenishment oiler USNS Guadalupe (T-AO 200) during a replenishment-at-sea with the Arleigh Burke-class guided-missile destroyer USS Preble (DDG 88). Preble is deployed to the U.S 7th Fleet area of operations in support of security and stability in the Indo-Pacific region. (U.S. Navy photo

The U.S. military said one of its warships sailed near the disputed Scarborough Shoal claimed by China in the South China Sea on Sunday, angering Beijing at a time of tense ties between the world's two biggest economies.The busy waterway is one of a growing number of flashpoints in the U.S.-China relationship, which include a trade war, U.S. sanctions and Taiwan.China struck a more aggressive tone in its trade war with the United States on Friday. The tough talk capped a week that saw China unveil new retaliatory tariffs in response to a U.S.

26 Apr 2019

Philippines Shipyard Sale Open to All

All offers from potential buyers of a strategically located but debt-laden Philippine shipyard will be welcome, the trade minister said on Thursday, ruling out barring Chinese firms over national security fears.Trade Secretary Ramon Lopez said the government would not, and could not, block interested buyers of distressed shipbuilder Hanjin Philippines, which defaulted on $1.3 billion in loans, of which $900 million is owed to South Korean banks and the rest to five Philippine lenders.Hanjin, a unit of South Korea's Hanjin Heavy Industries & Construction Co Ltd, until recently employed 20,000 workers at its yard in Subic Bay, which until 1992 was home to a U.S.

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…

Maritime Reporter Magazine Cover Jul 2019 - Cruise Vessel Design & Outfit

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