• BREAKING: China offering force majeure certs for coronavirus-hit businesses 20200204
    The China Council for the Promotion of International Trade is offering force majeure certificates to businesses in China affected by the outbreak of the Wuhan novel coronavirus. “Businesses that have failed to perform on contracts on time, or fails to fulfil any international trade contract can apply to the council for a certificate,” it said on its website. The move is to safeguard the rights a...
  • IMO Secretary-General assesses progress on sulphur limit implementation 20200204
    Since 1 January 2020, the global upper limit on the sulphur content of ships’ fuel oil has been reduced to 0.5% from 3.5% (under the so-called “IMO 2020” regulation). This is significantly reducing the amount of sulphur oxide emanating from ships and will have major health and environmental benefits, particularly for people living close to ports and coasts. Information from various sources has in...
  • Alert over a New Coronavirus in China? 20200204
    A new virus which according to the World Health Organization (“WHO”) may be linked to cases of pneumonia first reported in Wuhan City, Hubei province, on 31 December 2019. The new virus was later identified as a novel coronavirus (2019-nCoV),the coronavirus, which causes a type of pneumonia, the Typical symptoms include fever, cough, difficulty in breathing and fatigue.China authorities have confi...
  • President of CCS Visited COSCO SHIPPING 20200204
    On the afternoon of January 14, a delegation headed by President of China Classification Society (CCS) Mr. Mo Jianhui and Party Secretary of CCS Mr. Li Changjian visited COSCO SHIPPING. Chairman of COSCO SHIPPING Capt. Xu Lirong and Director of the Board and President of COSCO SHIPPING Mr. Fu Gangfeng held talks with the delegation.The two sides exchanged views on continuously deepening strategic ...
  • China launches fresh restrictions for thermal coal imports 20200204
    China has reportedly launched fresh restrictions on thermal coal imports this year, with tightened customs declarations at certain ports effective Friday, market sources said.Caofeidian port in northern China and Rizhao port in the eastern part of China were reported to have tightened custom declarations for coal imports effective January 17, which is being interpreted by the market as a sign that...
  • Cargo boat carrying 10 persons rescued in east China 20200126
    A total of 10 Myanmar crew members were rescued from a cargo ship that started to overturn in east Chinas Zhangzhou sea area on Sunday.Shortly after 21:00 on Sunday, the Sea Rescue Bureau in Zhangzhou City, east Chinas Fujian Province, received a report and immediately assigned law-enforcement ships to the waters and called on nearby ships to rescue the trapped crew members.At 21:20, a Hong Kong c...
  • The first PSV of Waigaoqiao Shipbuilding was "successfully" delivered 20200125
    After 6 years, the first platform supply vessel (PSV) ever built by Waigaoqiao Shipbuilding was finally delivered.On the afternoon of January 17, Waigaoqiao Shipbuilding held a signing and delivery ceremony for the “Guo Hai Min Xing” (H1341) platform supply vessel (PSV). At the ceremony, representatives from Waigaoqiao Shipbuilding, China Shipbuilding Industry Trade Shanghai Co., Ltd. and Tianjin...
  • CMPort Successfully Transferred 22.55% Equity Share of TCP to CPD Fund and CLAC Fund 20200122
    On 15th January 2020, China Merchants Port Holdings Co., Ltd. (CMPort, HKSE Code: 00144), China-Portugal Cooperation Development Fund (CPD Fund, managed by China-Africa Development Fund CAD Fund), and China-LAC Cooperation Fund (CLAC Fund) held a signing ceremony to celebrate successful transfer of equity share of the Terminal De Containeres de Paranagua? (TCP) in Brazil. Mr. Deng Renjie, Executiv...
  • China's busiest port sees record throughput 20200122
    Ningbo Zhoushan port, Chinas busiest port, saw cargo throughput exceed 1.1 billion tonnes in 2019, official statistics showed.This makes the port in eastern Chinas Zhejiang province the only one in the world to exceed such volume, according to statistics released by Zhejiang port and shipping management center.The container throughput at the port surpassed 27.53 million standard containers last ye...
  • Mitsui cooperates with CR Gas and Yangzijiang Shipbuilding to enter the LNG business 20200122
    Japans Mitsui plans to invest in LNG business with China Resources Gas and Yangzijiang Shipbuilding in Jiangyin Lingang Development Zone, which will also be another cooperation between Mitsui and Yangzijiang Shipbuilding.On the morning of January 13, Wang Jinjian, deputy mayor of the Wuxi Municipal Government and party secretary of Jiangyin, met with Mr. Okamoto, director of Japans Mitsui. The two...
  • Liberian Registry Introduces A Simplified Vessel Registration Process 20200116
    The Liberian Registry has announced its Expedited Registration Process, or ERP, effective as of 01 January 2020, in an effort to further streamline the registration and re-registration of vessels in the Liberian Registry. The new process reduces the number of requirements, and allows for technology and digital files to replace tedious administrative work, creating a more simplified process overall...
  • Forwarders frustrating box-owning benefits for shippers 20200116
    Freight forwarders are failing to support shippers wishing to use their own containers, despite the benefits the option provides, according to a newreportfrom container repositioning service Containers xChange.“Shipper-owned containers are the fastest growing container market segment, with a compound annual growth rate of 15.8% between 2014 and 2015, and account for $11bn of carrier revenue,” the ...
  • Project awarded for discovering large-scale gas field in Bohai Bay 20200115
    The project of deep-sea gas field exploration in the Bohai Bay has discovered 170 billion cubic meters of natural gas, ending 60 years history without discovering large-scale gas field in the area and winning the top prize of Chinas National Science and Technology Progress Award of 2019.The Bohai Bay, home to the Bohai oilfield, has complicated undersea terrain which poses great difficulty in find...
  • China's export container shipping index climbs in December 20200115
    Chinas index of export container transport saw an overall increase in December, according to the Shanghai Shipping Exchange (SSE).The average China Containerized Freight Index (CCFI) climbed 3.2 percent month-on-month to 841.46 points last month, said the SSE.In December, the sub-index for the Persian Gulf/Red Sea and European routes increased by 13.7 percent and 6.6 percent, respectively.Bucking ...
  • Mitsui holds naming ceremony for second Yamal LNG carrier at Hudong-Zhonghua 20200113
    Japan’s Mitsui O.S.K. Lines (MOL) has held a naming ceremony for an LNG carrier, jointly ordered by MOL and China COSCO Shipping.MOL said that the naming ceremony for the LNG Merak carrier was held on Wednesday, January 8, at Hudong-Zhonghua Shipbuilding yard.LNG Merak is the second of four newbuilding LNG carriers for the Yamal LNG project and the sister vessel of the LNG Dubhe which was delivere...
  • Hong Kong's shipping industry will help shape the city's future 20200113
    Since June 2019, Hong Kong has witnessed major political unrest and radical protests.Many were distressed by the ceaseless violence and wanton destruction. Nevertheless, everyone still felt confident in the future of our city. After all, the SAR enjoys the strong support of the central government and also the unique one country, two systems framework. These are its two driving forces when it comes...
  • China imports record LNG volumes in Dec, overtakes Japan for second month 20200110
    imported a record high monthly volume of liquefied natural gas (LNG) in December, overtaking Japan as the world’s top importer of the fuel for a second consecutive month, ship tracking data from Refinitiv Eikon showed on Tuesday.China imported 7.198 million tonnes of LNG in December, up nearly 16% from November, while Japan shipped in 6.574 million tonnes last month, up nearly 7% from the previous...
  • China Coast Guard intensifies fight against maritime crime in 2019 20200110
    The China Coast Guard solved more than 1,600 cases of maritime crimes in 2019, including drug trafficking, smuggling and illegal sand mining.The CCG also increased patrols to thwart illegal fishing, punishing over 600 fishing boats.In the meanwhile, the CCG launched a hotline in July 2019 to receive emergency calls and reports of criminal cases and other violations at sea.People can dial 95110 for...
  • President of Shandong Port Group Visited COSCO SHIPPING 20200110
    On the afternoon of January 2, Mr. Li Fengli, Director of the Board and President of Shandong Port Group led a delegation to COSCO SHIPPING and held talks with Capt. Xu Lirong, Chairman of COSCO SHIPPING. The two sides looked forward to their future cooperation in various fields and expected to promote high-quality development by deepening their partnership.Mr. Jia Funing, Chairman of Qingdao Port...
  • Chinese research vessel returns from probe in western Pacific 20200108
    Chinese research vessel KEXUE, or Science, returned to its homeport in the eastern city of Qingdao on Sunday after finishing a research mission in the western Pacific Ocean.Supported by the National Natural Science Foundation of China (NSFC), the vessel sailed more than 14,000 nautical miles in its 95-day voyage, which consisted of two sections with a berth for supply at the port of Pohnpei in the...
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