krogragg

Category: Greater China

  • Seafarers to get 6.2% pay rise over the coming three years

    Seafarers to get 6.2% pay rise over the coming three years The International Labour Organization (ILO) has concluded the latest round of minimum wage negotiations for able seafarers at a meeting of the Subcommittee on Wages of Seafarers of the Joint Maritime Commission (JMC), held in Geneva on this week. The terms of the wage…

  • Japanese and Korean yards with investments in China on edge

    Japanese and Korean yards with investments in China on edge With Donald Trump widely tipped to pass judgement on extra fees for Chinese-linked tonnage calling at US ports in the next couple of days, another wrinkle has emerged that has not been widely discussed in Washington to date.  Trump’s tariff war against China late last…

  • The carriers most exposed by Trump’s trade war with China

    The carriers most exposed by Trump’s trade war with China The chart below created by Linerlytica highlights the containerlines most exposed on the transpacific by the ongoing trade war initiated by Donald Trump, the American president, against China, that has effectively brought most business between the two largest economies in the world to a halt.…

  • Seacon flips leased product tanker to SeaKapital

    Seacon flips leased product tanker to SeaKapital China’s Seacon Shipping is selling a bareboat chartered modern chemical and oil products carrier to Hong Kong shipowner and leasing specialist SeaKapital. The Hong Kong-listed, Qingdao-based owner and operator has struck a deal to offload the 2021-built 34,800 dwt MR1 Golden Daisy for roughly $32.9m. Seacon will first…

  • Wisdom Marine ships out bulker brace

    Wisdom Marine ships out bulker brace Taiwanese owner and operator Wisdom Marine has confirmed the sale of two Japanese-built bulkers for about $36m in total. The Taipei-based company is offloading the 2011 Shin Kasado Dock-built ultramax Amis Wisdom III and the 2015 Shimanami-built handysize Bunun Hero. The ultramax is going to China’s Arm Shipping for…

  • Yangziyang Financial in bulker newbuilding move

    Yangziyang Financial in bulker newbuilding move Yangzijiang Financial Holding has returned to Jingjiang Nanyang Shipbuilding with a newbuilding project in the handysize dry bulk segment. Shipbuilding sources have placed the Singapore-listed company behind an order for four firm 40,000 dwt vessels with delivery in 2027 and 2028. The spinoff of China’s largest private shipyard, Yangzijiang…

  • CMT offloads bulker as fleet renewal rolls on

    CMT offloads bulker as fleet renewal rolls on Taiwan’s Chinese Maritime Transport (CMT) is shipping out one of its large bulk carriers. The owner of 13 vessels spread across capesize and newcastlemax segments is selling an unnamed unit to Ever Prosperity Shipping in Singapore for $17.65m. The company’s fleet list and VesselsValue pricing data suggest…

  • Contentious late night IMO meeting ends in stalemate

    Contentious late night IMO meeting ends in stalemate Splash has obtained the contentious draft text regarding how shipping will pay for its green transition, with news that a flat levy is very much off the agenda at the International Maritime Organization (IMO). A draft legal text on a package of regulations for the implementation of…

  • Uptick in blank sailings as US and China trade tariff blows

    Uptick in blank sailings as US and China trade tariff blows Global supply chain managers are having to contend with more blanked container sailings as the world’s top two economies show no sign of giving ground in an escalating trade war. China responded today to US president Donald Trump’s cumulative 145% tariffs, placing 125% tariffs…

  • Trump signs Make Shipbuilding Great Again executive order

    Trump signs Make Shipbuilding Great Again executive order US president Donald Trump has signed a well-telegraphed executive order aimed at resuscitating American shipyards while also limiting China’s dominant influence on the sector. Acknowledging the US’s less than 1% global shipbuilding market share yesterday, Trump said: “Rectifying these issues requires a comprehensive approach that includes securing…

  • China slaps retaliatory tariffs on all US goods

    China slaps retaliatory tariffs on all US goods After US president Donald Trump imposed tariffs on countries across the world earlier this week, it did not take much time for Beijing to return the favour. The Chinese authorities said on Friday that the country would impose 34% tariffs on all imports from the US starting…

  • Ningbo Ocean Shipping chairman resigns

    Ningbo Ocean Shipping chairman resigns Ningbo Ocean Shipping Co (NBOSCO) has announced that Zongquan Xu is stepping down as chairman and will no longer serve as a member of the company. The director and manager at Zhejiang Seaport Shipping is leaving the Shanghai-listed subsidiary of Ningbo-Zhoushan Port Group after four years at the helm. In…

  • Dong Fang Offshore orders subsea construction vessel at Vard

    Dong Fang Offshore orders subsea construction vessel at Vard Taiwanese owner and operator Dong Fang Offshore (DFO) has returned to Fincantieri-controlled Norwegian shipbuilder Vard for at least one subsea construction vessel. The subsidiary of Hung Hua Construction, with a fleet of more than 15 offshore vessels, is paying €113.5m ($126m) to see the firm vessel…

  • Beijing looks to put the brakes on the sale of Hutchison Ports

    Beijing looks to put the brakes on the sale of Hutchison Ports Beijing has moved to prevent the sale of CK Hutchison’s ports division to BlackRock and Mediterranean Shipping Co (MSC), a transaction that was meant to have gone through tomorrow.  The decision last month by the Li Ka-shing-controlled conglomerate to sell 80% of Hutchison…

  • Yang Ming signs for three Japanese newbuilds

    Yang Ming signs for three Japanese newbuilds Taiwanese shipping line Yang Ming Marine Transport has struck a deal with Japanese owner Shoei Kisen for three 8,000 teu methanol dual-fuel-ready containership newbuilds. The world’s 10th and Taiwan’s second-largest liner operator is buying the trio currently under construction at Imabari Shipbuilding, with delivery set in 2028 and…

  • Qinfeng Shipbuilding bags boxship orders

    Qinfeng Shipbuilding bags boxship orders China’s Jiangsu Qinfeng Shipbuilding has secured orders from Jiangsu Lvhang Logistics for up to six containerships. The deal, with an undisclosed value covers one firm and five optional 1,138 teu newbuilds, with the first vessel expected for delivery by November 2026. No further details have been divulged, except that the…

  • COSCO Shipping Specialized Carriers books semisub heavylift ship at GSI

    COSCO Shipping Specialized Carriers books semisub heavylift ship at GSI COSCO Shipping Specialized Carriers is expanding its fleet of semi-submersible heavylift vessels with another newbuilding. The unit of COSCO Shipping Group has returned to Guangzhou Shipyard International for a 70,000 dwt unit as part of its plan to strengthen its position in the semisub offshore…

  • Depressed bunker sales point toward shakier world trade outlook

    Depressed bunker sales point toward shakier world trade outlook The tide has turned for bunker sales and prices, an indication that global seaborne trade is on shakier ground this year.  “Bunker prices tell the tale of a softening market,” broker BRS noted in a new report.  As of yesterday, 0.5% very low sulphur fuel oil…

  • Caravel Group buys into Pacific Basin

    Caravel Group buys into Pacific Basin Hong Kong conglomerate Caravel Group has raided the local stock market to acquire a significant stake in fellow dry bulk giant Pacific Basin Shipping. Caravel Maritime Ventures, part of the Banga family’s Caravel Group, has picked up 388.5m shares, corresponding to a 7.53% stake in the Martin Fruergaard-led handysize…

  • Floating wind still going strong despite US policy turmoil

    Floating wind still going strong despite US policy turmoil The United States’ shift in offshore wind policy is set to create a potential global installation shortfall of 26GW by 2035 as a result, according to TGS’ latest report. The company said in its Quarterly Market Overview Report that the withdrawal of a major market like…

  • $3.5m: How much this COSCO ship might be charged when calling at a US port

    $3.5m: How much this COSCO ship might be charged when calling at a US port Public comments continue to fly into the US Trade Representative (USTR) ahead of Monday’s hearing into controversial plans to tax Chinese-built tonnage calling at US ports.  In the more than 150 submissions sent in, a considerable number have hit out…

  • Flags of questionable quality grow market share

    Flags of questionable quality grow market share Over 5,000 vessels  – equivalent to 14.5% of the global merchant fleet – operate under registries with less than 10% ratification of International Maritime Organization and the International Labour Organization conventions, increasing exposure to enforcement actions, according to new data from analytics firm Kpler. “Flag risks are increasingly…

  • Chinese teapot refinery included in latest round of American sanctions targeting Iranian oil

    Chinese teapot refinery included in latest round of American sanctions targeting Iranian oil The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated a so-called teapot oil refinery in Shandong, China and its chief executive officer for purchasing and refining hundreds of millions of dollars’ worth of Iranian crude oil, including…

  • Jinhui sells veteran supramax

    Jinhui sells veteran supramax Chinese bulker owner and operator Jinhui Shipping and Transportation has offloaded one of its older supramaxes in its first sale in more than a year. The Oslo- and Hong Kong-listed company is shipping out the 2007-built Jin Shun to Honk Kong incorporated Yuhe Shipping in a deal worth $8.26m. The 53,350…

  • Oskar Wehr seals newbuild quartet in China

    Oskar Wehr seals newbuild quartet in China Germany’s Oskar Wehr is expanding its fleet with four general cargo newbuilds in China. Newbuilding sources report the Hamburg-based outfit has contracted 5,900 dwt units at Jiangsu Dajin Heavy Industry. No price has been divulged for the order. The yard, which has several German owners on its newbuilding…

  • Can these two men find some middle ground to keep world trade moving?

    Can these two men find some middle ground to keep world trade moving? We have a new magazine launching today, designed to give the shipping industry an idea of how the markets might play out in the coming months. Today’s opening instalment looks at the trajectories of the world’s two largest economies. Economists have been…

  • Beijing blasts sale of Hutchison Ports

    Beijing blasts sale of Hutchison Ports CK Hutchison’s share price plunged today in Hong Kong following Beijing’s public criticism of its plans to sell the majority of its ports division to BlackRock and Mediterranean Shipping Co (MSC) for $22.8bn, bringing into question whether the transaction, the largest ports deal in history, will be completed. Hong…

  • Chinese owners and yards come out fighting in US trade dispute

    Chinese owners and yards come out fighting in US trade dispute Both the China Shipowners’ Association (CSA) and the China Association of the National Shipbuilding Industry (CANSI) have left public comments criticising the US Trade Representative’s proposals to charge extra for fleets with Chinese-built tonnage calling at American ports, arguably the biggest shock policy to…

  • Taiwan’s CMT takes option on newcastlemax brace

    Taiwan’s CMT takes option on newcastlemax brace Taiwan’s Chinese Maritime Transport (CMT) is moving forward with its dry bulk newbuilding project at a domestic yard. The owner of 13 vessels spread across capesize and newcastlemax segments has settled to contract two more 210,000 dwt units at CSBC Corporation. The newbuilds, costing about $77.5m each, will…

  • Preliminary signs of a two-tier freight market emerge as US crackdown on Chinese-built tonnage nears

    Preliminary signs of a two-tier freight market emerge as US crackdown on Chinese-built tonnage nears The first signs of a two-tier market are emerging in anticipation of Donald Trump’s likely penalisation of Chinese-built tonnage.  Broker BRS is reporting Chinese-linked ships are now becoming “far less attractive” for long time charters due to the likelihood that,…

  • Xingtong books chemical tankers at Taizhou Kouan

    Xingtong books chemical tankers at Taizhou Kouan Chinese chemical tanker player Xingtong Shipping has contracted four stainless steel newbuilds at Taizhou Kouan Shipbuilding. The Shanghai-listed company said its subsidiaries are paying $91.5m in total, excluding tax, for two 13,000 dwt and two 13,800 dwt vessels. Set up in 1997, Xingtong controls a fleet of 45…

  • Shipping in the crosshairs as trade uncertainty hits all-time high

    Shipping in the crosshairs as trade uncertainty hits all-time high At no point since tracking began on the subject have global trade policies been more uncertain than right now, according to one index developed in the US.  The Trade Policy Uncertainty (TPU) Index (see chart below) developed by four employees at the Federal Reserve Board…

  • Andrew Craig-Bennett on globalisation

    Andrew Craig-Bennett on globalisation The editor (whom God preserve!) is of the opinion that CK Hutchison’s sale of their ports and terminals operation to a consortium of BlackRock and MSC marks the end of globalisation as an idea which rules our thinking on trade in general and trade by sea in particular, and that the…

  • Trump’s trade war steps up a gear

    Trump’s trade war steps up a gear US president Donald Trump’s new round of tariffs against his country’s top three trading partners has sparked retaliatory action, launching new trade conflicts. On Tuesday, Trump imposed 25% tariffs on Mexican and Canadian imports, as well as a 20% duty on Chinese goods. China responded in kind, imposing…

  • The thousand faces ship: how Chinese vessels change names mid-voyage

    The thousand faces ship: how Chinese vessels change names mid-voyage The latest ship accused of damaging cables off Taiwan had a simple way of changing identity.  Taiwan’s coast guard detained a cargo ship and its Chinese crew a week ago. The vessel is suspected of damaging the cable connecting Taiwan to its outlying Penghu Islands. …

  • CMA CGM signs for electric boxship

    CMA CGM signs for electric boxship French liner operator CMA CGM has contracted inland vessels specialist Shandong Xinneng Shipbuilding to build its fully electric containership. The deal with an undisclosed value follows a letter of intent CMA CGM signed with the yard late last year for the construction of an 80 m long, 182 teu…

  • HMM takes Hosco newcastlemax

    HMM takes Hosco newcastlemax South Korean flagship line HMM has been linked to another secondhand purchase in the larger bulk carrier segment. Brokers report the Seoul-based company has snapped up the 2014-built newcastlemax Oriental Dragon from bulker owner Hebei Ocean Shipping Co (Hosco) in a deal valued at about $49.2m. Hosco bought the Imabari-built 207,800…

  • Ningbo Marine firms up ultramax pair at Jiangsu Haitong

    Ningbo Marine firms up ultramax pair at Jiangsu Haitong Chinese owner Ningbo Marine has added to its ultramax bulker orderbook with two newbuilds firmed up at compatriot yard. The Shanghai Stock Exchange-listed company signed up for up to four 64,000 dwt vessels at Jiangsu Haitong Offshore Engineering Equipment last November. The deal covered two firm…

  • Adhart linked to tanker quartet at New Dayang

    Adhart linked to tanker quartet at New Dayang Singapore’s Adhart Shipping has been named as the owner behind a debut product tanker order for Chinese bulker builder New Dayang. The subsidiary of state-run machinery manufacturer Sumec Group announced its entry into tanker shipbuilding in January through a deal for four MR units with an undisclosed…

  • Chinese yard to build 200-person accommodation rig

    Chinese yard to build 200-person accommodation rig Jiangsu Dajin Heavy Industry has revealed that it entered into a section fabrication, general assembly, equipment installation, and commissioning contract for a 200-person jackup accommodation rig with Qinshi Jiamei Energy Technology. According to a statement made by Bestway Marine & Energy Technology, the owner of Dajin Heavy, the…

  • US targets Chinese ships and terminal investments

    US targets Chinese ships and terminal investments The US is considering slapping huge fees on Chinese-built ships calling at its ports, while also clamping down on Chinese ownership of terminals on home soil. The United States Trade Representative (USTR) has finally outlined the ways it feels Washington DC can fight back against the dominance China…

  • SeaKapital signs for LNG bunker newbuilds

    SeaKapital signs for LNG bunker newbuilds Hong Kong shipowner and leasing specialist SeaKapital Holdings has embarked on a newbuilding project in the LNG bunkering sector. The company, set up by two of Hong Kong’s well-known shipping names, Sabrina Chao (pictured) and Kenneth Lam, has contracted up to six vessels at Ningbo Xinle Shipbuilding in China.…

  • MSC books up to eight megamaxes at Changhong International

    MSC books up to eight megamaxes at Changhong International Gianluigi Aponte’s Mediterranean Shipping Co (MSC) has returned to Zhoushan Changhong International Shipyard in China for a new series of LNG dual-fuel megamax containerships. The Swiss-based liner giant has signed up for four firm 21,700 teu newbuilds with options for up to four additional vessels. Deliveries…

  • Louis Dreyfus Armateurs picks ZPMC for SOV newbuild series

    Louis Dreyfus Armateurs picks ZPMC for SOV newbuild series France’s Louis Dreyfus Armateurs (LDA) has selected Shanghai Zhenhua Heavy Industries (ZPMC) to build its latest series of service operation vessels (SOV) that will be deployed on offshore wind sites in the German North Sea. Earlier this year the French family-owned shipowner emerged as a winner…

  • Countries registering 70% of global tonnage support a carbon levy

    Countries registering 70% of global tonnage support a carbon levy Two new reports led by UCL Energy Institute and Oceans Research Group show what’s at stake at the upcoming International Maritime Organization (IMO) meetings and in the crucial period in the run-up to the Marine Environment Protection Committee meeting set for April. The IMO is…

  • COSCO moves for six tanker newbuilds

    COSCO moves for six tanker newbuilds COSCO Shipping Energy Transportation (CSET) has lined up an investment plan of CNY 3.496bn ($378.3m) for six tanker newbuildings. The board of the listed oil and gas shipping business of COSCO Shipping Group has approved the construction of two aframaxes, two LR2s, and two panamax tankers, the company said…

  • Seacon ships out another product tanker to Union Maritime

    Seacon ships out another product tanker to Union Maritime Hong Kong-listed Seacon Shipping is selling another bareboat chartered modern chemical and oil products carrier to UK bulker and tanker player Union Maritime. The Qingdao-based owner and operator has struck a deal to offload the 2021-built 34,800 dwt MR1 Golden Dahlia for roughly $32.9m. Seacon said…

  • Steel and aluminium up next in Trump’s tariff campaign

    Steel and aluminium up next in Trump’s tariff campaign China’s retaliatory tariffs on some American goods came into effect on Monday, while Donald Trump, the American president, vowed yesterday to impose a 25% tariff on all steel and aluminium imports into the US, with a full announcement to come today. “Any steel coming into the…

  • Boa orders semisub heavy lift barge at Dalian

    Boa orders semisub heavy lift barge at Dalian Norway’s Boa has signed a contract with Dalian Shipbuilding Offshore Co, for the construction of up to two semi-submersible heavy lift barges. The in-house-designed Boabarge 39, first introduced in November 2023, is targeted for delivery in the third quarter of 2026, and the company has secured an…

  • Olympic contracts offshore newbuild brace at China Merchants shipyard

    Olympic contracts offshore newbuild brace at China Merchants shipyard Norway’s Olympic is expanding its fleet with a pair of offshore construction vessel newbuilds contracted at China Merchants Heavy Industry shipyard in Shenzhen. The Stig Remøy-led offshore vessel owner said the vessel will be the most energy-efficient in their category and delivered in the summer of…

  • Beijing retaliates as Trump’s China tariffs kick in

    Beijing retaliates as Trump’s China tariffs kick in Donald Trump’s fast-moving tariff tiffs with key trading partners continue to keep shipping executives on edge around the world.  Similar to the threats he made to Colombia a week prior, the American president yesterday put planned tariffs against Mexico and Canada on hold for 30 days, saying…

  • Peter Döhle contracts up to five boxsips at GSI

    Peter Döhle contracts up to five boxsips at GSI Germany’s Peter Döhle Schiffahrts has added to its boxship orderbook with up to five 8,400 teu newbuilds in China. Shipbuilding sources say the Hamburg-based boxship and bulker owner and operator has contracted three firm and two optional vessels at CSSC Guangzhou Shipyard International (GSI), paying between…

  • Fire forces crew to abandon boxship in Red Sea

    Fire forces crew to abandon boxship in Red Sea A Hong Kong-flagged boxship exploded and caught fire in the Red Sea, some 226 km northwest of Hodeidah, Yemen. In the early hours of the morning on Tuesday, the 1,930-teu, 2022-built ASL Bauhinia boxship caught fire in the southern Red Sea. The vessel is owned by…

  • Arriva adds to bulker orderbook in China

    Arriva adds to bulker orderbook in China Norway’s Arriva Shipping has continued its fleet renewal drive with a fresh battery hybrid bulker newbuilding order in China. The Sindre Matre-led company has contracted Jiangsu Soho Marine Heavy Industry to see the 8,000 dwt vessel delivered in the third quarter of 2026. The newbuild will be a…

  • Asso.subsea orders shallow-water cable layer from China

    Asso.subsea orders shallow-water cable layer from China Greece-based offshore contractor Asso.subsea has ordered a large shallow-water cable layer from China Merchants Heavy Industry. The vessel will be designed by China Merchants Industry and constructed at the China Merchants Industry Mazhou Island Base. The cable layer will be 175 m long and 41.8 m wide. It…

  • China increasingly using dry bulk carriers to move project cargoes around the world

    China increasingly using dry bulk carriers to move project cargoes around the world There has been a remarkable doubling of the amount of project cargoes leaving China on dry bulk carriers over the past year. Citing AIS satellite dry bulk carrier movement data from AXSMarine, Greece’s Ursa Shipbrokers has tallied that project cargo exports carried…

  • SITC lifts Huanghai boxship series to eight

    SITC lifts Huanghai boxship series to eight Chinese boxship player SITC International Holdings has exercised options at Huanghai Shipbuilding for two additional 1,800 teu vessels. The Hong Kong-listed shipowner is paying nearly $58m to lift the series at the compatriot yard to eight, with deliveries for the latest pair scheduled by October and December of…

  • Candler firms up MPP brace at New Jiangzhou Shipyard

    Candler firms up MPP brace at New Jiangzhou Shipyard German MPP specialist Candler Schiffahrt has bolstered its orderbook at China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry in a deal for two additional vessels. The Bremen-based company has contracted the 12,000 dwt brace for an undisclosed price tag following a deal for four newbuildings last March.…

  • Capes carrying more bauxite than coal for the first time

    Capes carrying more bauxite than coal for the first time China’s remarkable thirst for bauxite to manufacture aluminium has helped prop up cape rates considerably in recent years. Now for the first time, the capesize fleet is carrying more bauxite than coal, according to broker Arrow.  “Volumes from Guinea have surged at the start of…

  • New Dayang lands product tanker debut

    New Dayang lands product tanker debut Chinese builder New Dayang best known for its shipbuilding know-how in the dry bulk segment has sealed its first order for product tankers. The shipbuilding arm of state-run machinery manufacturer Sumec Group has been commissioned to build four MR units for what it described as “world-renowned shipowners”. Delivery details…

  • Mercurius back at New Jiangzhou Shipyard for more chemical tankers

    Mercurius back at New Jiangzhou Shipyard for more chemical tankers Dutch owner Mercurius Shipping has returned to China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry for more stainless steel chemical tankers. The inland waterway shipping player has signed up for a pair of 6,000 newbuilds, with delivery likely by June and September 2026. No price has…

  • Global Energy and Towngas team up for methanol bunker supply

    Global Energy and Towngas team up for methanol bunker supply Singapore’s Global Energy Trading, part of Global Energy Group, and The Hong Kong and China Gas Company (Towngas) have signed a memorandum of understanding (MOU) to develop green methanol supply solutions for the shipping industry across Asia. Towngas has a methanol production plant in Ordos,…

  • Vintage VLCC prices drop

    Vintage VLCC prices drop Hong Kong-registered outfit Young Honest Shipping has emerged as the taker of the first vintage VLCC sold this year. Young Honest has bought the 20-year-old, 308,800 dwt, scrubber-fitted Rolin from Viet My Petrol Transportation with brokers suggesting a price of $31m, a significant drop in price compared to similar sales sealed…

  • Zhejiang Zheshang Financial signs for bulker brace at Jiangsu Soho Chuangke

    Zhejiang Zheshang Financial signs for bulker brace at Jiangsu Soho Chuangke China’s Zhejiang Zheshang Financial Leasing has contracted two ultramax bulk carrier newbuilds at compatriot yard Jiangsu Soho Chuangke Shipbuilding. The 63,500 dwt units cost between $34m and $35m each, with delivery set for 2027. The order is backed by a bareboat charter to the…

  • Beijing dismisses US shipbuilding probe

    Beijing dismisses US shipbuilding probe China’s commerce ministry on Friday dismissed a US investigation targeting China’s shipbuilding, maritime and logistics sectors, describing it as marked by “unilateralism and protectionism”. The US Trade Representative’s (USTR) office on Thursday said it has found China’s targeted dominance of the global shipbuilding, maritime and logistics sectors is “unreasonable” and…

  • Wuhu Shipyard in $4bn tie-up with compatriot leasing duo

    Wuhu Shipyard in $4bn tie-up with compatriot leasing duo China’s Wuhu Shipyard has partnered up with two domestic financial leasing players to jointly work on new projects potentially worth more than RMB30bn ($4.1bn). The largest shipbuilding enterprise in Anhui province, formerly known as Fujiheng Machinery Plant, has penned a collaboration agreement with Wanjiang Financial Leasing…

  • NATO, Baltic states and Taiwan to clamp down on cable cutters

    NATO, Baltic states and Taiwan to clamp down on cable cutters In Asia and Europe, authorities are taking action, trying to crack down on ships taking out critical subsea infrastructure.  NATO secretary-general, Mark Rutte co-hosted a summit of Baltic Sea allies yesterday launching new military activity in the region to protect critical infrastructure following a…

  • Van Oord clinches cable installation contract in Taiwan

    Van Oord clinches cable installation contract in Taiwan Dutch marine construction firm Van Oord has been contracted by Danish fund manager and renewables investor Copenhagen Infrastructure Partners (CIP) to install inter-array cables for the Fengmiao 1 offshore wind farm in Taiwan. Under the contract with an undisclosed value, Van Oord will transport and install 33…

  • Elbdeich back for more Wenchong boxships

    Elbdeich back for more Wenchong boxships German owner Elbdeich Reederei has returned to China’s Wenchong yard for up to four more containership newbuilds. Copenhagen-based MB Shipbrokers reports Elbdeich is ordering a pair of 1,900 teu vessels at about $32.2m each, with options attached for two more. Unlike the 1,300 teu methanol dual-fuel boxships the company…

  • Hebei Xinyang signs for kamsarmax pair at Chengxi

    Hebei Xinyang signs for kamsarmax pair at Chengxi China’s Hebei Xinyang Shipping has contracted two kamsarmax bulk carrier newbuilds at CSSC Chengxi Shipyard. The 229-m-long newbuilds, independently developed by CSSC Chengxi, will meet the International Maritime Organization’s (IMO) Tier III and EEDI III emission standards. The deal worth about $75m will see the first 82,600…

  • Taiwan’s Dong Fang Offshore enters European market with DeepOcean charter deal

    Taiwan’s Dong Fang Offshore enters European market with DeepOcean charter deal Taiwanese owner and operator Dong Fang Offshore (DFO) has sealed a deal to charter out one of its construction support vessels to Norwegian ocean services provider DeepOcean. The subsidiary of Hung Hua Construction, with a fleet of 16 vessels including those under construction, has…

  • COSCO seeks to defuse Pentagon spat

    COSCO seeks to defuse Pentagon spat COSCO, the world’s largest shipping company, has sought to downplay news carried by Splash yesterday that it has been added to a list of companies the US Department of Defense views as having links to the People’s Liberation Army. While being on the Pentagon’s blacklist carries no specific penalties,…

  • Major Chinese port group bans tankers on OFAC’s sanctions list

    Major Chinese port group bans tankers on OFAC’s sanctions list Shandong Port Group has banned any tanker sanctioned by the US from calling at its ports.  The group oversees major ports on China’s northeast coast including Qingdao, Rizhao and Yantai, which are among the biggest destinations for sanctioned oil from Russia, Iran and Venezuela. Reuters…

  • COSCO targeted by the Pentagon over alleged ties to the People’s Liberation Army

    COSCO targeted by the Pentagon over alleged ties to the People’s Liberation Army COSCO, the world’s largest shipping company, is among a host of Chinese shipping-related names added to a list of companies the US Department of Defense views as having links to the People’s Liberation Army. While being on the Pentagon’s blacklist carries no…

  • Seacon agrees sale and leaseback for bulker newbuild

    Seacon agrees sale and leaseback for bulker newbuild China’s Seacon Shipping has secured financing for one of its handysize bulk carriers under construction in Japan. The Hong Kong-listed company said in a filing it had agreed to a $31.38m sale and leaseback deal for a 40,000 dwt bulker with Panama-incorporated Dawn Shipping and its Japan-based…

  • Chinese firm reveals plans to build pipelaying vessel

    Chinese firm reveals plans to build pipelaying vessel CNOOC subsidiary, China Offshore Oil Engineering Co (COOEC), has revealed plans to build a specialised pipe-laying vessel. The company said that the pipelayer would be built by COOEC’s self-owned funds and the total investment would be around RMB 1,375,256,800 ($188.4). The board of directors has already given…

  • SBM Offshore orders FPSO hull from Shanghai Waigaoqiao Shipbuilding

    SBM Offshore orders FPSO hull from Shanghai Waigaoqiao Shipbuilding Dutch floater expert SBM Offshore has ordered another FPSO hull based on its universal Fast4Ward design from China’s Shanghai Waigaoqiao Shipbuilding (SWS). This will be the sixth such hull the firm ordered from SWS. The FPSO, once completed, will be able to hold 2.3m barrels of…

  • COSCO continues bulker fleet expansion with newcastlemax series

    COSCO continues bulker fleet expansion with newcastlemax series Chinese state-owned shipping giant COSCO has further expanded its dry bulk newbuilding initiative with up to eight newcastlemax vessels at its group yard, COSCO Shipping Heavy Industry Yangzhou. The deal with an undisclosed value covers three firm and five optional 210,000 newbuilds, which will be operated by…

  • Yang Ming eyes up to 13 newbuilds

    Yang Ming eyes up to 13 newbuilds Taiwanese shipping line Yang Ming Marine Transport has moved to add up to 13 containerships as it looks to renew its fleet. The world’s 10th and Taiwan’s second largest liner operator said it would order ships between 8,000 teu and 15,000 teu to replace its over-20-year-old 5,500 teu…

  • COSCO signs for 10 kamsarmax newbuilds

    COSCO signs for 10 kamsarmax newbuilds COSCO Shipping is pressing ahead with its massive newbuilding programme in the dry bulk segment. The Chinese state-owned shipping giant has partnered up with Everbright Financial Leasing for 10 kamsarmax newbuilds, which will be built at Jiangsu Hantong Ship Heavy Industry. Financial details and delivery dates for the 82,000…

  • Shipmanagement veteran Marcel Liedts dies

    Shipmanagement veteran Marcel Liedts dies Marcel Liedts, a well-known name in shipmanagement circles, has passed away. As one of the key architects of Anglo-Eastern, alongside Peter Cremers and Richard Wong, Liedts served the Hong Kong-based shipmanagement giant for more than 30 years. He joined Anglo-Eastern in the mid-1980s and played an instrumental role in shaping…

  • China Merchants signs for newcastlemax newbuild brace

    China Merchants signs for newcastlemax newbuild brace China Merchants Energy Shipping (CMES) has struck a lease deal for a pair of scrubber-fitted newcastlemax bulker newbuilds delivering in 2026. The Shanghai-listed diversified shipping arm of China Merchants Group said in a filing it would be paying around $100m to take 210,000 dwt vessels on charter from…

  • Ineos buys CNOOC’s US assets

    Ineos buys CNOOC’s US assets Ineos Energy has acquired the Gulf of Mexico business held by the US subsidiary of Chinese company CNOOC International Limited. The deal increases Ineos’ production globally to over 90,000 barrels of oil equivalent per day. These assets in the Gulf of Mexico are the third major investment by the company…

  • Fuzhou Wuyang signs for LNG bunker newbuilds at CIMC SOE

    Fuzhou Wuyang signs for LNG bunker newbuilds at CIMC SOE China’s Fuzhou Wuyang Refined Oil Trading has contracted for two LNG bunker vessel newbuilds at compatriot Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE). The deal, with an undisclosed price tag, covers one firm 12,000 cu m LNG dual-fuel vessel for delivery in 2027 and…

  • Hilong launches $8m counterclaim against Vallianz in AHTS charter dispute

    Hilong launches $8m counterclaim against Vallianz in AHTS charter dispute Singapore OSV owner and operator Vallianz is facing a legal challenge in a vessel charter dispute with Hilong Marine Engineering. The company said in a stock exchange filing that its subsidiary, Vallianz Offshore Marine, has been served with a counterclaim of $8.1m from the subsidiary…

  • ONE shows China an alternative way to power ships at port

    ONE shows China an alternative way to power ships at port Japanese containerline Ocean Network Express (ONE) has for the first time utilised shore power during lift-on and lift-off operations of an alternative marine power (AMP) container in a Chinese port. This was done ahead of a symposium which shared best practices and explored innovative…

  • China deploys navy in drills around Taiwan

    China deploys navy in drills around Taiwan Merchant shipping has been warned it needs to tread carefully when passing through one of the world’s busiest shipping lanes this week as China carries out military drills around the island of Taiwan. China has bumped its number of navy and coast guard ships in waters near Taiwan,…

  • Hutchison Ports Yantian launches first on-dock electric truck chassis battery swapping station

    Hutchison Ports Yantian launches first on-dock electric truck chassis battery swapping station Hutchison Ports Yantian and QIJI Energy, a subsidiary of the world’s largest EV battery manufacturer Contemporary Amperex Technology, have launched the world’s first on-dock chassis battery swapping station for electric trucks. This innovative system transforms the traditional hour-plus charging process into a mere five-minute operation,…

  • China now controls unprecedented 65% of global shipbuilding orderbook

    China now controls unprecedented 65% of global shipbuilding orderbook China’s combined orderbook for merchant ships has grown by a remarkable 170% this decade, stretching its lead over its nearest shipbuilding rivals dramatically.  Data from Greek broker Intermodal and Clarksons Research show how the 2020s – and 2024 in particular – have been banner years for…

  • Jinhui continues fleet renewal push with ultramax buy

    Jinhui continues fleet renewal push with ultramax buy Chinese bulker owner and operator Jinhui Shipping and Transportation has returned to the secondhand market for another ultramax in its latest fleet renewal move. The Oslo- and Hong Kong-listed company has picked up the 2017-built Great Century from CMB Financial Leasing in a deal worth $24.52m. In…

  • Seacor Marine orders PSVs in China as it clears out AHTS fleet

    Seacor Marine orders PSVs in China as it clears out AHTS fleet US offshore vessel owner and operator Seacor Marine has ordered two platform supply vessels at China’s Fujian Mawei Shipbuilding for delivery in the fourth quarter of 2026 and the first quarter of 2027. The deal with the yard, which earlier this year also…

  • Nanjing Tanker heads to GSI for four newbuilds

    Nanjing Tanker heads to GSI for four newbuilds China’s Nanjing Tanker is continuing its fleet renewal with a series of panamax tanker newbuilds at a domestic yard. The Shanghai-listed owner under the China Merchants Group said in a filing it would order four 65,000 dwt carriers at Guangzhou Shipyard International (GSI) for about $250m. The…

  • Schulte forms Chinese crew joint venture

    Schulte forms Chinese crew joint venture The Schulte Group, Huayang Maritime Center, and Haikou Xinhaina Port and Shipping Technology Co have formed a joint venture on Hainan Island in the far south of China. Called BSM-HMC Maritime Services, the aim of the new joint venture is to build a strong local network to cultivate a…

  • Pacific Basin orders methanol dual-fuel ultramaxes

    Pacific Basin orders methanol dual-fuel ultramaxes Hong Kong-based dry bulk shipping giant Pacific Basin has ordered four methanol dual-fuel ultramaxes at Japan’s Nihon Shipyard for delivery between 2028 and 2029.  Two of the 64,000 dwt vessels are contracted jointly with Nihon Shipyard and Imabari Shipbuilding, and the other two newbuilds are agreed with Japanese trading…

  • PSA and Evergreen form Singapore box terminal joint venture

    PSA and Evergreen form Singapore box terminal joint venture Singapore’s PSA International and Taiwanese liner Evergreen have established a new joint venture terminal in Singapore, set to start operations by the end of this year. The strategic partnership will offer long-term terminal capacity assurance to the world’s seventh-largest carrier’s fast-expanding global vessel fleet in PSA…

  • SeaQ wins this year’s Captain’s Table 

    SeaQ wins this year’s Captain’s Table  SeaQ, a safety data collection tool created by PsyFyi, was crowned this year’s winner at the Splash-televised finals of the maritime pitch competition, The Captain’s Table, in one of the top events at the ongoing Hong Kong Maritime Week. SeaQ is a data collection and reporting tool complied anonymously…

  • The Greater Bay Area and shipping in the spotlight

    The Greater Bay Area and shipping in the spotlight Why working with nearby southern Chinese cities is an imperative for Hong Kong. The latest installment from our brand new magazine being distributed across Hong Kong Maritime Week. The Greater Bay Area, Beijing’s attempt to unite nine cities in Guangdong with Hong Kong and Macau into…

  • Watch the finals of The Captain’s Table live on Splash today

    Watch the finals of The Captain’s Table live on Splash today The Captain’s Table 2024 Pitch Competition will air today on Splash live from Hong Kong . This year will see the sixth cohort of startups pitching live from 4pm Hong Kong time to a global, in person audience in Hong Kong and online. The…

  • Monte Nero adds to product tanker orderbook in China

    Monte Nero adds to product tanker orderbook in China Athens-based owner Monte Nero Maritime has been linked to an order for up to four MR2 product tanker newbuilds at Chinese repair and retrofit yard COSCO Shipping Heavy Industries (Guangdong).  Brokers in Greece have placed two firm 50,000 dwt newbuilds at $44m, with deliveries set for…

  • CDB Leasing offloads kamsarmax trio at auction

    CDB Leasing offloads kamsarmax trio at auction CDB Leasing has been tied to a triple kamsarmax bulker sale through an auction.  Multiple brokers report the Hong Kong-listed leasing unit of China Development Bank has offloaded the 2015-built CL Rizhao and the 2016-built CL Singapore and CL Tianjing for around $68.5m. VesselsValues estimates the ships between…