Odfjell, Sinochem Form Chemical Tanker Pool
Odfjell SE said it has signed Framework Agreement with Sinochem Shipping Singapore Pte. Ltd whereby the Norwegian ship owner will take four vessels on long-term bareboat charter and together form a pool of eight 40,900 dwt chemical tankers. The four chemical tankers are part of Sinochem’s series of eight ordered from Hantong Wing Shipyard in China. Sinochem will retain ownership of the series’ four other vessels, which together with the bareboat vessels will form a pool managed by Odfjell SE and trading as part of the Odfjell Tankers fleet.
Sinochem Implements DNV GL's ShipManager to 80 Vessels
China’s Sinochem International Logistics, a leading chemical tanker owner and operator with 80 vessels, is implementing DNV GL’s data smart fleet management system ShipManager on the entire fleet, optimizing operations and improving performance and efficiency. The contract was signed in April at the opening of DNV GL’s newbuilt near-zero-emission Green Office Centre in Shanghai, with the Norwegian Prime Minister Erna Solberg in attendance, in addition to two of her cabinet members.
Guang Jun Collides with Ji Xin 9 in Taiwan Strait
The Guang Jun and the Ji Xin 9 were in collision on Nov 14, 2015, at 3 a.m. near Nanpeng island off Shantou in the Taiwan Strait. According to the report, Guang Yun’s crew of 26 were ordered to transfer aboard Ji Xin 9, from where they boarded the Shantou Coast Guard salvage vessel. The salvage team managed to stop the water leak and commence salvage operations. The two ships were proceeding on crossing routes and Guang-Yun-sinkingserious violation of the ColReg and last minute maneuver caused Ji Xin 9 to hit the Guang Yun portside.
China Ship Sinking Spotlights Captain's Role
Three years before the cruise ship he was steering capsized in the Yangtze River, the Chinese government honoured captain Zhang Shuwen for saving the life of an elderly man who had suffered an asthma attack. Zhang is now the focus of attention after his ship, the Eastern Star, sank on Monday night during a fierce storm, in what may be China's worst maritime disaster in almost 70 years. At least 19 bodies have been found and more than 400 people are missing. Zhang escaped alive and is in police custody, although he has not been accused of any wrongdoing. Until the incident, Zhang was regarded as an effective captain. He received an "outstanding employee" award by the Chongqing Eastern Shipping Corporation last year…
98,000 dwt Semisubmersible Delivered
China’s COSCO Shipping Specialized Carriers Co. Ltd. has taken delivery of its newest semisubmersible vessel, the 98,000 dwt Xin Guang Hua – the largest of the COSCO semisub fleet and reportedly second largest in the world. Large enough to transport fully integrated offshore floating production units weighing up to 85,000 tons, the m/v Xin Guang Hua was purpose built and delivered from the COMEC shipyard in Guangzhou. The vessel features an unobstructed deck space of up to 211m by 68m and is fully redundant including industry leading DP2 systems.
Chinese Bulk Carrier De Xin Hai Released
On 27 December 2009, the Bulk Carrier De Xin Hai from the Peoples Republicof China was released outside Hobyo off the coast of Somalia. The crew and the ship are in good condition and were headed to safe port as of 27 December. The De Xin Hai, with a crew of 25 personnel was hijacked by a pirate group on 19 October 2009 in the Indian Ocean, 350 nautical miles North East of the Seychelles. With this release the number of ships hijacked is eight and the number of hostages is 213 personnel.
Vietnam Passes 'Law of the Sea' – China Objects
Vice-Foreign Minister Zhang Zhijun summoned Vietnamese Ambassador to China Nguyen Van Tho recently to lodge a solemn representation to the Vietnamese side concerning the recent passing of a Vietnamese maritime law that extends the country's jurisdiction to islands claimed by China. The Vietnam National Assembly on Thursday passed the "Vietnamese Law of the Sea," which describes China's Xisha Islands and Nansha Islands in the South China Sea as being within Vietnam's sovereignty and jurisdiction. Reaffirming that China has indisputable sovereignty over the Xisha Islands, Nansha Islands and their adjacent waters, Zhang said the law infringes upon China's sovereignty. "China strongly protests and firmly opposes such a move by Vietnam," he said.
Cosco Rolls Out Largest Semi-Submersible Ship
Breakbulk carrier COSCO Shipping has rebranded as COSCO Shipping Special Transport and launched its largest semi-submersible vessel to date, the Xin Guang Hua, reports Xinhua News Agency. Xin Guang Hua, capable of carrying 100,000 tonnes of cargo, is 255 meters long and 68 meters wide. Guangzhou Shipyard International Company, the builder, delivered the ship to Cosco Shipping Specialized Carriers Co. Ltd, a member of China Ocean Shipping Group, in the southern city of Guangzhou.
Second Direct Far East Carrier Calls at Port Everglades
China Shipping’s Xin Chong Quing is now the second carrier from the Far East to call at Port Everglades regularly. China Shipping Container Lines (CSCL), part of the PEXS vessel-sharing consortium, is the second carrier from the Far East to make Broward County’s Port Everglades part of its regular service. PEXS, which includes CSCL, CMA CGM and P&O Nedlloyd is calling on the Port's second multi-user container terminal operator, which is operated by APM Terminals. This month, as part of the PEX service…
SHI Delivers World’s Largerst Container Ship
The world’s largest container ship, Xin Los Angeles, has been delivered by Samsung Heavy Industries Co Ltd. (SHI) to Lloyd’s Register class. The ship is owned by China Shipping Container Lines (CSCL) and is operated by China International Shipmanagement Company Ltd., a joint venture between CSCL and V.Ships. The ship is 9,600 teu and is the first in a series of eight being built by SHI. The ship will trade from China to Europe initially and will eventually also trade to the US. Xin Los Angeles can carry a maximum of 18 rows of containers by eight tiers on the weather deck and 16 rows by 10 tiers in the holds. The principal dimensions of the ship are: 336.7 m length overall; 45.6 m beam; and 15.0 m draught. The ship is propelled by an MAN B&W 12K98MC-C Mk6, with a power of 68,520 kW.
Suitability Survey Completed for Second Largest Semi-Submersible
Global Maritime Consultancy & Engineering, a provider of offshore marine warranty, dynamic positioning and engineering services, has completed a suitability survey for the world’s second largest semi-submersible - the ‘Xin Guang Hua’ - in advance of her maiden voyage. For the survey, Global Maritime carried out an independent assessment of all aspects of the vessel’s condition. The Xin Guang Hua - at 255 meters long, 68 meters wide and with a lift/transportation capacity of 98,000 tons - has been built by Guangzhou Shipyard International Company and is owned by Cosco Shipping.
Sainty Marine Chairman Resigns
The chairman of Shenzhen-listed Sainty Marine, Wang Shuhua has delivered his resignation amid the company's deteriorating financial situation, according to an exchange filing. According to a statement by Marine he resigned for personal reasons. He previously worked as the administrative manager of state-owned Jiangsu Jiangsu Guoxin. The company’s board of directors subsequently elected Zhang Shunfu as the successor to Wang. The 53-year-old Zhang previously held senior positions at Jiangsu-based financial institutions.
Chinese Shipbuilder's Shares Tumble
China's Rongsheng Heavy Industries' shares tumbled after US Securities & Exchange Commission accusation Shares of China Rongsheng Heavy Industries tumbled 17 percent to a record low yesterday after its chairman Zhang Zhirong was accused of insider trading by the US Securities and Exchange Commission, reports the 'Hong Kong Standard'. The SEC accused Hong Kong-based Well Advantage - solely owned by Zhang - of trading illegally before an announcement by CNOOC (0883) that it would buy Nexen for US$15.1-billion (HK$117.78-billion). In related news Rongsheng said it expects net profits in the first half to have fallen sharply due to a declining industry. Analysts expect whole-year profits to slide by 25-30 percent from 2011.
China Rongsheng Chairman Quits
Chairman of China's largest private shipbuilder, Zhang Zhirong, steps down from China Rongsheng Heavy Industries Group. Determined to put scandal behind it, China’s largest private shipbuilder, China Rongsheng Heavy Industries Group, has said its chairman has stepped down. to be replaced by the yard’s CEO, Chen Qiang, reports SinoShip News. Rongsheng was hit by an insider dealing scandal involving a firm owned by Zhang ahead of the $15.1bn bid for Canadian oil firm Nexen Inc by China offshore oil and gas producer CNOOC. Rongsheng’s profits have slumped this year amid a barren time for Chinese yards and shares of the Hong Kong-listed entity have dropped 30%. Source: SinoShip News
Cosco Pacific Appoints Zhang Wei as Vice Chairman
Cosco Pacific Ltd. has appointed Zhang Wei as vice chairman and managing director, replacing Qiu Jinguang who has stepped down from the positions with immediate effect, reports Dow Jones. "Qiu Jinguang has resigned as an Executive Director, the Vice Chairman and Managing Director and also resigned as an authorised representative as well as the Chairman of the Executive Committee, the Investment and Strategic Planning Committee and the Risk Management Committee, and a member of the Nomination Committee and the Remuneration Committee due to work commitments…
Singapore's JES Holdings' PSV Newbuild Option Taken Up
JES International Holdings Limited reports Norwegian customer has exercised option for four more UT 755 LN Platform Support Vessels (PSV's). The ships will be delivered in early 2015. “The group is thrilled that our expansion plans into the offshore space have taken off, and is making good progress. As the requirements for offshore shipbuilding are much more stringent, the group will be making strides in our technical capabilities as well as yard management,” said Jin Xin, chairman and ceo of JES.
Hijacked Carrier Arrived off Somalia
The Hijacked Bulk Carrier the De Xin Hai is confirmed to have arrived off the coast of Somalia and is in the vicinity of Hobyo, as of Oct. 22. It is not yet known if the pirates have contacted the owners and made their demands known. The EU NAVFOR Maritime Patrol Aircraft monitored the ship in the area of the hijacking.
China Plans to Retain 40% of Shipbuilding Market
According to a report from People’s Daily Online, China plans to maintain its current global market share of 40% in the shipbuilding industry during the next five years, further consolidating its dominant position in the field, said Zhang Guangqin, head of the China Association of the National Shipbuilding Industry. According to industry estimates for the near future, the production capacity of the global shipbuilding industry may expand by 200 million deadweight tons every year, but demand will remain at 156 million deadweight tons, with nearly a quarter oversupplied. (Source: People’s Daily Online)
FMC Commissioners Meet with China's SISI Representatives
Commissioner Richard A. Lidinsky, Jr. and Commissioner William P. Doyle met with representatives of the Shanghai International Shipping Institute (SISI) on September 26, 2013 in Washington, DC. Representing SISI were Professor Zhen Hong, Secretary General of SISI; Professor Zhang Jieshu, Deputy Secretary General of SISI; and Angela Xu, International Cooperation Department of SISI. The cordial discussions included an overview of China - US maritime trade, Panama Canal Expansion, China's Value Added Tax, and the proposed P3 Alliance.
New Container Service Begins in Hamburg
The handling of the CSCL Long Beach at the HHLA Container TerminalBurchardkai on August 5 marks the start of a new container service that connects Northern Europe with and . In the new joint service of the French-Asia-Line 4 (FAL-4) / Asia--Express-Service 8 (AEX-8), the shipping companies CMA CGM and China Shipping (CSCL) now have a cooperative venture. FAL-4 / AEX-8 are each deploying four ships from the partner shipping companies each with a capacity of approximately 9,600 TEU.
Sino-French Shipping Alliance In Bid For Canadian Pacific Ships
State-owned China Shipping Group has joined forces with France-based CMA CGM to bid for Canadian Pacific Ships (CP Ships), a move, experts say, which will greatly enhance the Chinese shipping giant's global network, as reported by Asia Pulse. A department official at Shanghai-based China Shipping yesterday confirmed the information, but declined to be named and offered no further comment. A division leader surnamed Zhang at CMA CGM Shanghai refused to disclose detailed information about the deal, saying the transaction is a "long-term move" by the Marseilles head office. The Sino-French alliance is leading the bid for the Canada-listed but London-headquartered CP Ships…
C-MAP Wins China Shipping Contract
PHOTO: Mr. China Shipping Container Lines Co. Ltd, a subsidiary of China Shipping Group, is one of the largest Shipping companies in China. It owns a fleet of 103 container vessels with a total capacity of over 120,000 TEUs, and is operating dozens of domestic coastal and international routes from China to Japan, Korea, Southeast Asia, Australia, Europe, Mediterranean and North America. In the beginning of 2003, when the construction of their new Xin Series began, it has been decided to equip the 5600TEU vessels with Litton Sperry VMS ECDIS and 4200TEU vessels with KH ECDIS.
Evergreen, China Shipping Cooperate on Trades
The Evergreen Line and China Shipping Container Lines have agreed to cooperate on Asia-US West Coast, Asia-Europe and Asia-Mexico-US East Coast containership services commencing June 2009. The agreement was signed by First Vice Group Chairman of the Evergreen Group, S S Lin and Chairman of the China Shipping Container Lines, S D Lee on 27 May in Shanghai, China. Evergreen upgrades its Hong Kong, Taiwan-US West Coast service (service code: HTW for Evergreen and AAS for CSCL) of five 8,000 TEU vessels. Kaohsiung - Xiamen - Hong Kong - Yantian -Los Angeles -Oakland - Kaohsiung. China Shipping upgrades its North/Central China to US West Coast service (service code: CPS for Evergreen and AAC for CSCL) of five 8,000 TEU vessels.