China Rolls-out World's Second-Largest Ore Carrier
The second-largest ore carrier in the world was officially named Yuanhehai and delivered to China Ore Shipping, affiliated with China Cosco Shipping Corporation, in Shanghai, the state media reported. The 400,000-dwt mega ship, which is 362 meters long, 65 meters wide and 30.4 meters high, was delivered almost a year after the deal was made in 2016, China News Service reported. The Yuanhehai is the second-generation very large ore carrier (VLOC) designed by Shanghai Waigaoqiao Shipbuilding Company. The delivery was the first ship of the second-generation VLOC.
Stricken Iranian Oil Tanker Keeps Exploding
The stricken Iranian oil tanker Sanchi keeps exploding, hampering efforts to extinguish the fire and rescue survivors, state media Xinhua said on Friday, citing the Ministry of Transport, as the blaze raged and worries grew the ship may break up and sink. The week-long rescue effort following the tanker's collision with a freight ship on Saturday night has been roiled by poor weather, including 3-metre (10 feet) high waves and strong winds, and toxic fumes from the burning oil. Dozens of the rescue boats were forced to retreat from dousing the tanker with foam on Wednesday due to an explosion.
Burning Tanker Drifts into Japan's Economic Zone
A stricken Iranian oil tanker continued exploding on Friday, hampering rescue efforts, Chinese state media reported, as Japan's Coast Guard said the ship drifted away from the Chinese coast and into Japan's exclusive economic zone (EEZ). The ship, which has been ablaze for almost a week since it collided with another vessel on Saturday night in the East China Sea, was about 286 km (178 miles) northwest of Sokkozaki on the island of Amami Oshima as of 0700 GMT on Friday, the Japan Coast Guard said in a statement.
Shanghai Port Sets New World Record
The annual handling capacity of Shanghai Port surpassed 40 million TEUs (twenty-foot equivalent units), breaking an existing world record, the Chinese state media reported. Xinhua quoted the Shanghai International Port Group saying that Shanghai Port started container transportation in 1978 with a handling capacity of 7,951 TEUs that year. As one of China's largest ports, its throughput exceeded 30 million TEUs in 2011. In December 2017, Shanghai Yangshan Deep Water Port, the world's biggest automated container terminal, started trial operations.
Thirteen Dead as Fishing boat and Tanker Collide
Thirteen Chinese fishermen died after their boat collided with a Hong Kong oil tanker in international waters off Japan, state media Xinhua reported on Friday, citing sources at China's consulate in Osaka. Three people were found alive after Thursday's collision. It was not known if there was any damage to the tanker or what caused the accident. The two vessels collided 400 km (240 miles) north of the Oki Islands in the Sea of Japan, also known as the East Sea, east of North Korea, state media reported. The identities of the victims have not yet been confirmed, Xinhua reported. The 290-tonne Chinese fishing vessel Lurong Yuanyu 378 had 16 people on board, according to the South China Morning Post.
China to Roll Out Smart Crude Oil Carrier
China's Dalian Shipbuilding Industry Co (DSIC) is working on China's first smart crude oil carrier - a special project named "smart ship 1.0 R&D - which will incorporate technology to help the captain operate the ship. The Chinese state media quoted Guan Yinghua, deputy chief engineer of DSIC as saying that the project was assigned by the Ministry of Industry and Information Technology. Guan said that the very large intelligent crude carrier will be the most important result of the project. She said the smart vessels represent the future.
Vietnam Police Arrest Vinashin Exec
According to a report from the Associated Press, state media say Vietnamese police have arrested a senior executive of the beleaguered state-owned shipbuilding company, Vinashin, as authorities widen their investigation into one of the country's biggest economic scandals. (Source: Associated Press)
China: South China Sea Construction to Continue
China will not halt the construction of islands and reefs in the South China Sea, state media reported the head of China's navy saying on Monday. China will not leave outcroppings under construction half finished, state-run Xinhua news agency reported the admiral as saying. Reporting by Beijing Reuters monitoring team
Myanmar Signs Gas Deal with China
According to a report from the Associated Press, Myanmar's government and four foreign companies have signed an agreement to sell natural gas from offshore fields to neighboring China, state media said on Dec. 29, 2008. The agreement, signed on Dec. 24, was the first for sales of gas from Myanmar's northwestern offshore fields. (Source: Associated Press)
CISC Eyes $928m IPO
According to reports, CSIC is considering launching a domestic initial public offering to raise up to $928m, state media said. CSIC, which controls Dalian Shipbuilding Industry Corp and some other domestic shipyards, will fold 16 units into one listing vehicle and float it either in Shanghai or Shenzhen, the Shanghai Securities News said. Source: Reuters
Vinashin Struggles to Repay Creditors
According to an Associated Press report, state media say the Vietnam Shipbuilding Industry Group doesn't yet have an agreement on the first repayment toward $600m it owes foreign creditors. Vinashin reportedly defaulted last Monday on the $60m payment due as part of syndicated loans arranged by Credit Suisse in 2007. (Source: AP)
Iran's Navy Gets New Submarines
According to an August 8 report for Associated Press, Iran's state media said the country's navy has taken charge of four new Iranian-built submarines as part of Tehran's efforts to upgrade its defense capabilities. (Source: Associated Press)
Vietnam Charges Vinashin Executives
According to a report from the Associated Press, Vietnam’s state media said Vietnamese police have pressed charges against nine senior executives of a government-owned shipbuilding company, the Vietnam Shipbuilding Industry Group, known as Vinashin, that nearly collapsed due to mismanagement. Source: AP
Nicaragua Canal Project Study Delivered, Details Scarce
A long-awaited study on the impact of the proposed $50 billion Nicaraguan waterway by a British consultancy has been delivered, a canal official said on Monday, the first major milestone since a symbolic groundbreaking six months ago. The social and environmental impact study by the consultancy, Environmental Resources Management Ltd, will be discussed by an inter-institutional commission in June, before being voted on by the canal commission in July, Telemaco Talavera, spokesman of the government canal commission, said. The 172-mile (278 km), Chinese-backed project, which the Nicaraguan government says will be operational by 2020, is one of the world's most ambitious infrastructure schemes, but has been met with widespread incredulity.
China Launches New Class of Naval Destroyer
China's military on Wednesday launched a new type of domestically-built destroyer, state media said, the latest addition to the country's rapidly expanding navy. The 10,000-tonne warship was launched at the Jiangnan Shipyard in Shanghai, the official Xinhua news agency said, making it the first of the People's Liberation Army Navy's "new generation" destroyers. "It is equipped with new air defence, anti-missile, anti-ship and anti-submarine weapons," Xinhua said, without giving further details. The state-run Global Times newspaper said the ship was believed to be the first Type 055 destroyer, which is considered to be a successor class to the smaller Type 052D guided missile destroyers. China is still producing the latter and commissioned one, the Xining, in January.
US Aims to Prevent China from Taking Territory in International Waters
The new U.S. "I think the U.S. is going to make sure that we protect our interests there," White House spokesman Sean Spicer told a news briefing. Spicer was responding to a question as to whether Trump agreed with comments by his Secretary of State nominee, Rex Tillerson, on Jan. 11 that China should not be allowed access to islands it has built in the contested South China Sea. Tillerson's remarks at his Senate confirmation hearing prompted Chinese state media to say the United…
Massive Explosions at Port of Tianjin Kill 44
A series of huge explosions shook the warehouse at Tianjin Port International Logistics Center in the northern Chinese city of Tianjin late Wednesday, killing at least 44 people and injuring hundreds more, according to officials and state media. The People's Daily newspaper said at least 520 people were injured, more than 60 of them seriously. As of Thursday morning, an unknown number of people remained unaccounted for in the wreckage. The initial explosion erupted at a warehouse for a logistics company in an industrial area of the port city, according to Tianjin police.
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.
China Launches First Home-built Aircraft Carrier
China launched its first domestically built aircraft carrier on Wednesday amid rising tension over North Korea and worries about Beijing's assertiveness in the South China Sea. State media has quoted military experts as saying the carrier, China's second and built in the northeastern port of Dalian, is not expected to enter service until 2020, once it has been kitted out and armed. Foreign military analysts and Chinese media have for months published satellite images, photographs and news stories about the second carrier's development. China confirmed its existence in late 2015.
China Wants Stronger Maritime Emissions Regulations
China's government is moving forward with plans to bring in legislation to control emissions from ships as the country looks to reduce air pollution, state media Xinhua said. According to a draft amendment to the Air Pollution Law, tabled to the National People's Congress (NPC) Standing Committee for a second reading, ships on inland or river-to-sea waterways must use standard diesel as fuel to cut emissions. Ocean-going vessels will also be required to use fuels that conform to China's environmental protection standards after stopping at Chinese ports, the draft read.
China Addresses Increasing Shipbuilding Capacity
According to Forbes, China is planning to implement a licensing regime for the shipbuilding industry, in a bid to force outdated production facilities out of the market, the Commission of Science Technology and Industry for National Defense (COSTIND) said. Regulators recently released draft rules on the licensing system which is currently subject to public comment. Firms applying for production licenses will have to meet the requirements set in the rules. It did not say when the rules will take effect. China's overall annual shipbuilding capacity is expected to grow to 40 mln deadweight tons by 2010, outpacing the target of 23 mln dwt set by COSTIND, state media reported earlier this year.
China to Cap Foreign Investment in Shipbuilding
China plans to limit foreign investment in the country's ship makers to no more than 49 pct, the Commission of Science Technology & Industry for National Defense said. Foreign investors seeking to form shipbuilding joint ventures in China will also have to set up their own technology centers and transfer their expertise to local partners, the commission said in a website notice. Foreign investment in the country's shipbuilding sector reached 220 mln usd in 2005, up 45 pct from a year ago, state media reported previously. Meanwhile the commission noted that the government wants local shipyards to produce vessels totaling 17 mln dead-weight tons a year by 2010, up from 12.1 mln last year.
Report: China Wants to Bolster Naval Power
The Chinese president, Hu Jintao, has called on top military commanders to build a powerful navy, the state media reported as China continues to spend heavily on a modern, blue-water fleet. In a speech to navy officers attending a Communist Party meeting Wednesday, Hu said China was an important maritime nation and the navy should be ready to protect the country's interests at any time, according to reports. His comments also reinforce the views of senior Chinese military officers who argue that China needs a navy that can deploy far from the country's coastline to protect its huge maritime, trade including crucial imports of oil and raw materials. China has a fleet of more than 50 submarines, including modern Russian and domestic designs, that could pose a major threat to U.S.