The container throughput in sea-rail transport at Ningbo-Zhoushan Port in East Chinas Zhejiang province increased over 33.3 percent year-on-year in 2019, according to the port.The container throughput exceeded 800,000 twenty-foot equivalent units in 2019, making the port the second largest in the countrys sea-rail transport industry after East Chinas Qingdao port.The Ningbo-Zhoushan Port has opene...
On December 27, 2019, the strategic cooperation agreement for the project of 2 million tons / year low-sulfur fuel oil production base of PanjinPengchili Petrochemical, a subsidiary of Liaoning Haidexin Group, was officially signed.Tao Hongliang, Chairman of PanjinPengchili Petrochemical; Bai Xijun, Chairman of Liaoning United Petrochemical Industry Supply Chain Management; Sun Xuejun, Manager of ...
The board of directors of Dalian Port Company Limited announce that, following the resignation of Mr. XU Song as the chairman of the Board and a non-executive director of the Company on 16 December 2019, Mr. WEI Minghui has been elected by the directors of the Company as the chairman of the Board with immediate effect from the date of this announcement until expiry of the term of the fifth session...
Australia-listed Global Energy Ventures (GEV) has extended a letter of intent (LOI) with Yantai CIMC Raffles Offshore to build the CNG Optimum 200 ships.The extension is for six months through to 30 June 2020. The LOI is based on a firm order for four 200 MM scf Compressed Natural Gas (CNG) ships with the option for GEV to order up to an additional four ships.The parties have executed the LOI, wit...
South Koreas exports in the first 20 days of December fell two percent year-on-year to 30.4 billion U.S. dollars due to a continued downturn in the chip industry, data from Korea Customs Service showed on Monday.Chip exports and ship exports tumbled 16.7 percent and 51.2 percent respectively during the December 1-20 period, largely contributing to the overall slump. A government report on Sunday a...
Attractive steel margins and a relative lack of pollution controls are having a marked impact on the iron ore procurement preferences of China’s steel mills in December ahead of the Lunar New Year holiday that falls early in 2020, on January 25.Attractive steel margins have shifted the priority for Chinese mills towards efficiency and the utilization of higher quality iron ore fines, widening the ...
After attending the conference call at 0900 GMT on the 17th Dec, Xinde Marine News learned that the global maritime transport industry has submitted a proposal to form the world’s first collaborative shipping RD programme to help eliminate CO2 emissions from international shipping. The proposal includes core funding from shipping companies across the world of about USD 5 billion over a 10-year per...
On December 15, the maiden voyage ceremony of the first domestically developed autonomous cargo ship Jindouyun 0 hao was held in Zhuhai.At 9 am, with the sound of a whistle, Jindouyun 0 hao officially set sail and sailed to the Hong Kong-Zhuhai-Macao Bridge, successfully completing the first cargo delivery of the autonomous cargo ship.The Jindouyun 0 hao autonomous cargo ship was developed by Yunh...
JinkoSolar Holding Co., Ltd. (the “Company,” or “JinkoSolar”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, yesterday announced that the Company has signed an agreement with COSCO SHIPPING Lines (Greece) S.A. (“COSCO”) to use the Greek Port of Piraeus as a distribution hub for the shipment of its renewable energy products in Europe, and in particular ...
In November, Chinese shipping companies won nearly 70% of new ship orders worldwide, and the number of orders received per month finally surpassed South Korea to rank first. However, by virtue of their advantages in the construction of high value-added ships, the cumulative orders received by South Korean shipping companies in the first 11 months of this year are still ahead of China, but the gap ...
1.JinkoSolar Holding yesterday announced that the Company has signed an agreement with COSCO SHIPPING Lines (Greece) S.A. (“COSCO”) to use the Greek Port of Piraeus as a distribution hub. 2.Mr. Fu Gangfeng,Director of the Board and President of COSCO SHIPPING, was invited to the13th China-LAC Business Summit and address the session “Connectivity – Opportunities and Challenges in Jointly Building t...
China officially separated the natural gas business from the countrys big three oil by setting up an independent corporation, the National Petroleum and Natural Gas Pipeline Group, in Beijing on Monday. The move marks a significant step in the restructuring of Chinas natural gas market, which will make it more open and drive in more competitive private players.Following the move, industry insiders...
The International Tank Container Organisation has completed the donation of a 20ft ISO tank container to the Shanghai Maritime University, China’s leading academic institution for the shipping, ports and logistics industry. The tank will be used by the University for training and education purposes as part of a programme which includes six 1-day training days, together with access by students to I...
China delivered its self-made worlds top class 350,000 tons of offshore floating production storage and offloading (FPSO) unit P70 to Brazil in Qingdao City of east Chinas Shandong Province on Wednesday.The delivery is expected to further strengthen Chinas cooperation with the countries along the Belt and Road routes in the energy field and accelerate Chinas offshore equipment manufacturing indust...
Spot rates for shipping containers from Asia to northern Europe in the week ending Friday jumped 9.1 per cent to US$766 per TEU.Asia-Mediterranean increased six per cent to $730 per TEU, according to the Shanghai Containerised Freight Index (SCFI).Rates from Shanghai-US west coast jumped 14.3 per cent to $1,405 per FEU while China-US east coast increased 19 per cent to $2,256 per FEU.
India, one of the worlds five major ship recycling countries, has acceded to the IMO Hong Kong Convention, the treaty that will set global standards for safe and environmentally-sound ship recycling. Indias accession brings this important convention a significant step closer to entering into force, with the required 15 States now party to it and with Indias ship recycling volume considerably cont...
Greeces shipping minister has made a high-profile appeal to governments and the IMO to consider postponing the 2020 sulphur cap implementation. But IMO is clear that a delay is not possible. Delay in sulphur cap over safety issues Ioannis Plakiotakis,the Greek minister of maritime affairs and insular policy, caused a stir on Monday afternoon when addressing the 31st IMO assembly opening session,...
S?ren Toft joining Mediterranean Shipping Co. as CEO would be the biggest change at a company that has been private and family-run since its founding 50 years ago. The former Maersk COO, who left the world’s largest container line Nov. 11, brings experience at a transparent, publicly traded company to the most private company in shipping. He comes from a company that has grown by acquisition to on...
Malaysia has prohibited the use of open-loop scrubbers by ships plying Malaysian waters, as Southeast Asias third-largest economy joins the growing number of nations adopting new industry guidelines on reducing sea pollution.New regulations from the International Maritime Organisation (IMO) will require shippers to adopt more environmentally-friendly measures to manage their fleets, including redu...
ASTANA in Kazakhstan is one of the world’s most
remote capitals, surrounded by thousands of kilometres of empty steppe.
This summer Astana attempted to launch itself onto the global stage by
hosting the World Expo, which closed on September 10th and underwhelmed
many attendees. But there are other ways to have an impact. On the
city’s north side, away from the Expo’s exhibits, a series of die...
Conference
