Are Foreign Ships Secure in Iran?
Mohammad Rastad, Iran's Deputy Minister of Roads and Urban Development said that foreign trade ships that transport goods to Iran can be confident that there will be no problem for their movement and there is no obstacle for their arrival in the country.Managing Director of Iran’s Ports and Maritime Organization Mohammad Rasta said that commercial ships carrying cargo to Iranian ports enjoy safety in light of the security provided by Iran for territorial waters.According to Iran government…
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).
Iran Threatens Hormuz Shipping Again
War with Iran is the mother of all wars, Iranian President Hassan Rouhani said on Tuesday in a speech broadcast live on state TV, warning once again that shipping might not be safe in the Strait of Hormuz oil waterway.Tensions have risen between Iran and the West since last year when the United States pulled out of an international agreement which curbed the Islamic Republic’s nuclear program in return for an easing of economic sanctions on Iran."Peace with Iran is the mother of all peace…
Zarif: Iran to Act Over 'maritime offences'
Iran will no longer turn a blind eye to "maritime offences" in the Gulf, its foreign minister said on Monday, a day after it seized an Iraqi oil tanker there that it accused of smuggling fuel.Revolutionary Guards seized the tanker and its seven crew near Iran's Farsi Island north of the Strait of Hormuz, state media reported, in show of power amid heightened tension with the West that minister Mohammad Javad Zarif blamed U.S. authorities for fomenting."Iran used to forgo some maritime offences in ... (the) Gulf but will never close (its) eyes anymore," Zarif told a news conference.He criticized U.S. sanctions imposed on him on Wednesday, saying Washington had closed the door to diplomacy over Iran's 2015 nuclear deal, which U.S.
China: U.S. Shipped 'several million tonnes' of Soybeans
The United States has shipped several million tonnes of soybeans to China since the two country's leaders met in June, Chinese state media said on Sunday, ahead of fresh trade talks in Shanghai this week.Chinese companies have made inquiries about buying U.S. soybeans, cotton, pork, sorghum and will continue to purchase U.S. agricultural goods if prices and quality remain reasonable, Chinese official broadcaster CCTV said on Sunday.The reports said the United States should take specific measures to make good on its promises to improve economic and trade ties.Reporting by Cate Cadell
Vietnam, China in South China Sea Standoff
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…
Two Tankers Attacked in Gulf of Oman
Two oil tankers were attacked in the Gulf of Oman on Thursday, leaving one ablaze and both adrift, shipping firms said, driving oil prices as much as 4% higher over worries about Middle East supplies.The Front Altair, carrying petrochemical feedstock, was on fire in waters between Gulf Arab states and Iran after an explosion that a source blamed on a magnetic mine. The Norwegian owner said its crew were safe.A second Japanese-owned tanker was abandoned after being hit by a suspected torpedo, the firm that chartered the ship said.
China Launches First Rocket from Sea
China successfully launched a rocket from a ship at sea for the first time on Wednesday, state media reported, the latest step forward in its ambitious space programme.The Long March 11 rocket blasted off from a platform on a large semi-submersible barge in the Yellow Sea just after midday (0400 GMT), state media said.The small rocket, designed to be deployed quickly and from mobile launch sites such as a ship, carried seven satellites, including one that measures sea-surface winds to forecast typhoons.The rocket also carried two communications satellites belonging to China 125…
N.Korea Protests U.S. Ship Seizure
North Korea said on Tuesday the seizure of one of its cargo ships by the United States was an illegal act that violated the spirit of a summit between the two countries' leaders, and demanded the return of the vessel without delay.The North's foreign ministry said in a statement that it rejected U.N. Security Council resolutions against it which the United States cited in impounding the vessel, as a violation of its sovereignty."The United States committed an unlawful and outrageous act of dispossessing our cargo ship…
SHIPBUILDING: CSSC Signs for 36 Newbuilds, Worth $1.48B
Chinese shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) has signed contracts for 36 newbuildngs worth a total contracts value of over RMB10bn (USD1.48bln).According to the state media Xinhua, the vessels will be built at a number of different yards under the CSSC umbrella and CSSC (Hong Kong) Shipping Company, will provide financing service to all 36 newbuildings.The contracts include manufacturing of 36 new ships including 174,000-cubic-meter liquefied natural gas (LNG) ships…
Guangzhou Launches World's First Icebreaking LNG Tanker
The world's first liquid natural gas (LNG) carrier tanker was named 'Boris Sokolov' and delivered by Guangzhou Shipyard International in Guangzhou City.According to Chinese state media, the Arctic condensate tanker carrier designed to traverse the world's icy northern polar region.With a load capacity of 44,550 tons, the vessel, which is built for for Dynacom of Greece, can sail in the Arctic region without icebreaker-piloting, it said. The vessel is mainly used for transporting condensate oil for the Yamal LNG project in northwest Siberia…
Iran Navy Launches Stealth Warship in the Gulf
Iran's navy on Saturday launched a domestically made destroyer, which state media said has radar-evading stealth properties, as tensions rise with arch-enemy, the United States.In a ceremony carried live on state television, the Sahand destroyer -- which can sustain voyages lasting five months without resupply -- joined Iran's regular navy at a base in Bandar Abbas on the Gulf.The Sahand has a flight deck for helicopters, torpedo launchers, anti-aircraft and anti-ship guns, surface-to-surface and surface-to-air missiles and electronic warfare capabilities, state television reported.U.S. President Donald Trump pulled out of an international agreement on Iran's nuclear programme in May and reimposed sanctions on Tehran.
China to Develop Multi Billion Dollar Deep Sea Port In Myanmar
China and Myanmar are moving ahead with a China-backed deep-sea port project in Kyauk Phyu Special Economic Zone (SEZ) , 250 miles northwest of Yangon.The framework agreement was signed by Myanmar's Deputy Minister of Planning and Finance and Chairperson of the Management Committee of the Kyaukphyu SEZ U Set Aung and President of CITIC Group Chang Zhenming, stated Chinese state media.This is the third port in India’s vicinity. China is also developing deepwater strategic Gwadar port in Pakistan in the Arabian Sea which faces the Mumbai coast.
Pirates Seize Eight Polish Crew, Three Others From Ship Off Nigeria Coast
Pirates boarded a container ship off the coast of Nigeria, seizing 11 crew including eight from Poland, according the vessel's management firm and Polish state media.The attackers struck the MV Pomerania Sky, bound for the Nigerian port of Onne, early on Saturday and abducted 11 of the crew, Midocean (IOM) Ltd said in a statement on Sunday. The firm added that nine others remained on board and were unharmed."Our priority is securing the earliest release of the eleven crew who have been taken and we are working closely with our partners and the local authorities to achieve that…
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
China Constructs New Terminal in Suez Canal
China Harbour Engineering Company (CHEC) began the main phase of the construction of a new terminal basin in Sokhna Port south of the Suez Canal northeast of Egypt, said he state media Xinhua.According to the report, the project was assigned to CHEC by the Sokhna branch of the Emirati corporation DP World, the main investor and container operator in the port located at the Gulf of Suez.CHEC sources said it will deliver the "Basin 2" project in fewer than 12 months ahead of the deadline.The report quoted Chen Shuang…
Chinese Exports Accelerate Even as Trade War Escalates
China's exports surged more than expected in July despite U.S. duties and its closely watched surplus with the United States remained near record highs, as the world's two major economic powers ramp up a bitter dispute that some fear could derail global growth.In the latest move by President Donald Trump to put pressure on Beijing to negotiate trade concessions, Washington is set to begin collecting 25 percent tariffs on another $16 billion in Chinese goods on Aug. 23.In a statement on its official website late on Wednesday, China's commerce ministry criticised the U.S.
China's New Shenzhen Terminal Receives First LNG Cargo
China National Offshore Oil Company (CNOOC) started operating a new import facility in southern China for liquefied natural gas (LNG), state media reported on Wednesday.The terminal in the city of Shenzhen, near Hong Kong, on Wednesday received a 93,000-tonne LNG cargo from Qatar, Securities Daily reported, making it the state firm's ninth LNG terminal in operation.The new facility has four tanks each sized 160,000 cubic meters and a berth able to dock 266,000 cubic-meter tankers, with annual handling capacity of 4 million tonnes, according China Environment News.CNOOC's press office was not a
Saudi Arabia Halts Red Sea Oil Exports after Tanker Attacks
Saudi Arabia said on Thursday it was suspending oil shipments through a strategic Red Sea lane after Yemen's Iran-aligned rebels attacked two tankers in the waterway, underscoring the risk of an escalation in tensions in the region.Brent crude futures rose 59 cents to $74.52 a barrel by 1008 GMT, extending their rally into a third day but falling from a 10-day high in earlier trading.Saudi Arabia and arch-foe Iran have been locked in a three-year proxy war in Yemen, which lies on one side of the Bab al-Mandeb strait at the southern mouth of the sea…
China Will Hit Back After New US Tariffs
China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods.China's commerce ministry said on Wednesday it was "shocked" and would complain to the World Trade Organisation, but did not immediately say how it would retaliate. In a statement, it called the U.S. actions "completely unacceptable".The foreign ministry described Washington's…
U.S.-China Trade Battle Heats Up
Dueling tariffs raise fears of long A U.S.-China trade fight resulting in duties on $34 billion worth of each other's imports was seen dragging on for a potentially prolonged period, as Washington and Beijing flexed their muscles with no sign of negotiations to ease tensions.Friday marked the start of the U.S. duties that were promptly met with retribution by China, as Beijing accused the United States of triggering the "largest-scale trade war."The escalating fight between the…
Asian Refiners Rush to Secure Feedstock as Trade War Looms
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.
China's First Home-built Aircraft Carrier Begins Sea Trials
China’s first domestically built aircraft carrier headed out for sea trials on May 13, Chinese state media reported. The report said that the new aircraft carrier, temporarily named Type 001A, sailed out at around 7 a.m. in Dalian, in the northeast province of Liaoning. The Chinese Navy — officially the People’s Liberation Army Navy — already has one operational carrier, the Liaoning, which it bought unfinished from Ukraine after the collapse of the Soviet Union. So, the 50,000-tonne ship will become the country's second aircraft carrier…