China to Cut Steel Capacity by 2025
China will shut down more outdated steel plants and bring total capacity to less than 1 billion tonnes by 2025, the president of the country's steel industry association said, adding that national demand for the metal is set to decline gradually. With more than three quarters of firms suffering losses as a result of a price-sapping capacity surplus, China vowed in early 2016 to shut 150-150 million tonnes of annual production in five years in a bid to raise profitability and utilisation rates in the sector. Its capacity then was estimated at 1.2 billion tonnes.
CNOOC Diverted Two LNG Cargoes from Tianjin After Pipeline Fire
China's state-owned energy company CNOOC diverted two cargoes of imported liquefied natural gas (LNG) after a pipeline fire in northern China's Tianjin, though imports were normal as of Monday, traders with knowledge of the matter said on Tuesday. Reuters reported on Dec. 28 that a natural gas pipeline in Tianjin was closed after it ruptured and caught fire. Two sources with knowledge of CNOOC's gas operations in Tianjin said CNOOC diverted the LNG cargoes after the accident on the pipeline, which is connected to a domestic gas consumer.
U.S. Coal Cargo Reaches China, Beating Import Tariff Deadline
A vessel carrying 164,000 tonnes of coal from the United States reached Caofeidian port in northern China on Tuesday, Thomson Reuters Eikon ship tracking data showed. The vessel named Partnership is on schedule, while Beijing plans to impose steep tariffs next month on a list of U.S. At least three U.S. The other two vessels, Navios Taurus and West Trader, are expected to arrive at Jingtang port on July 18 and Aug. 10 respectively, according to Eikon data.
China Ministry Seeks Feedback on LNG as Marine Fuel
China's Ministry of Transport said on Friday it is soliciting feedback from oil companies, shipowners' and port associations, and marine authorities for a plan to use liquefied natural gas (LNG) as a marine bunker fuel.China will expedite the planning and siting of key berths for LNG tankers in the Bohai Bay area of northern China, as well as along its main rivers, the ministry said.The ministry has asked companies and agencies to give feedback by Aug.
For Polluted China, Gas is a Matter of life or Death
"If I work in your Beijing, I would shorten my life at least five years," Premier Zhu Rongji, a career politician from Shanghai, quipped in 1999, referring to the notorious air pollution in China's northern capital. Research has confirmed life expectancy in northern China is 5.5 years shorter than in the south owing to the worse air pollution, and the shocking difference stems from a well-intentioned government policy to keep the residents of northern China warm in winter. According to a group of U.S.
China Coal Imports Fall Sharply
China's coal imports dropped sharply in August from the month before, customs data showed on Friday, after cooler weather crimped demand from utilities and as a typhoon disrupted supply.Total arrivals last month fell 12 percent from August to the lowest since May at 25.14 million tonnes, data from the General Administration of Customs showed.
Kalmar Delivers Forklifts to Port of Dalian in China
Kalmar, part of Cargotec, in conjunction with Dalian De Yulong Electrical and Mechanical Engineering Technology Corporation Limited, has received an order for three Kalmar Essential Forklifts from Dalian Port Corporation Limited, Bulk Grain and related Logistics. The order was booked into Cargotec's 2018 second quarter order intake and the delivery was completed in May 2018. Dalian Port Corporation Limited is one of the most important transhipment hubs for bulk handling (includes bulk grains…
CNOOC Plots Tianjin LNG Terminal Expansion
CNOOC will start building six liquefied natural gas (LNG) storage tanks by the end of the year as part of a project to expand its Tianjin LNG terminal to help meet surging demand from households in northern China, CNOOC Gas and Power Group said in statement on Wednesday night.The project, including six tanks each with 220,000 cubic meters of storage capacity, 12 gasification units and 12 high pressure pumps, has been approved by CNOOC's board members, the company said.The new facilities are expected to start operating in 2022.CNOOC's Tianjin terminal is expected to have 7.25 million tonnes of
CMA CGM Rolls Out Asia-West Coast South America Offer
CMA CGM has announced the launch of the new service offer between Asia and West Coast South America, the most comprehensive offer on the market between these two strategic areas. - 4 direct weekly services between Asia and West Coast South America and the Caribbean (NEW ACSA1, NEW ACSA2, NEW ACSA3 et PEX2). - The largest port coverage in Asia, in South America and the Caribbean with 29 ports called. - The best transit times on the market between Asia and West Coast South America.
ABS to Class the World's First CNG Ship
ABS announced it has been chosen to class the world's first compressed natural gas (CNG) carrier ordered by Pelayaran Bahtera Adhiguna, a subsidiary of Indonesia's state-owned power company Perusahaan Listrik Negara (PT PLN). The award for the precedent-setting ship, to be built at Qingdao Wuchuan Heavy Industry's shipyard in northern China, is the latest example of ABS' leadership in the gas ship sector, where the largest share of LNG ships is presently being built to its classification standards.
Rolls-Royce Wins Deal to Power 18 Tugs
Rolls-Royce won orders worth around £18 million for the supply of Azimuth thrusters to power 18 new tugs being built in China. Qingdao and Yingkou Ports will take delivery of 12 new tugs, four of which will be the most powerful operating in China. Tangshan and Tangshan Cao Feidian Ports, located in the He Bei province of Northern China, have also placed orders for a total of six tugs. The 18 vessels will all be equipped with two Rolls-Royce Azimuth thrusters. The thrusters comprise an electric motor and a propeller which…
Maersk Starts Weekly Service through Port of Jacksonville
The Port of Jacksonville (JAXPORT) has welcomed the 4,400 teu AS Mariana, the first ship in Maersk Line’s new weekly service to Asia through at the port’s Blount Island Marine Terminal. JAXPORT has officially announced the addition of the world’s No. 1 container shipping company to the growing number of global carriers with regular container cargo service through Jacksonville. This addition service means that nine of the world’s top 10 global container carriers now offer their customers the opportunity to move containers into and out of Northeast Florida.
Antwerp Port Extends Partnership with DMU of China
The port of Antwerp is to collaborate with Dalian Maritime University (DMU) in northern China for the next three academic years. DMU is a prestigious Chinese maritime university whose alumni include many prominent figures in the shipping industry. In order to permit students to gain experience in the port of Antwerp, the second-largest port of Europe, since 2014 Antwerp Port Authority has presented awards to students who write a thesis about the port or a logistics-related subject.
China to Investigate Deadly Port Blast
Chiness president Xi Jinping promised a “thorough investigation” after huge explosions in the world’s 10th largest port- Tianjin - killing at least 50 people and disrupting operations. The Chinese government faces pressure to reveal the mystery chemical or explosives. The cause for the blasts is being investigated by China while top foreign and local companies are assessing the damages caused to them. A team of 217 nuclear and biochemical materials specialists from the Chinese military began work at the site on Thursday, the official Xinhua news agency said.
Asian LNG Spot Prices Jump on Chinese, Japanese Demand
Asian LNG spot prices jumped this week on strong demand from core importing countries including China and Japan. Spot prices <LNG-AS> for February delivery leapt 70 cents to $11.20 per million British thermal units (mmBtu). Malaysia's Petronas sold a January cargo to Japanese trading giant JERA an estimated $11 per mmBtu, trade sources said. JERA is contracted to take 5.2 million tonnes per year of LNG from Chevron's Wheatstone export project which has been offline for the past four weeks as part of the plant's complex start up procedure.
INTTRA Extends Digital Footprint in Northern China
INTTRA, a neutral electronic transaction platform, software and information provider at the center of the ocean shipping industry, and Ningbo International Logistics has announced that the two companies are expanding their longstanding partnership to include INTTRA's eVGM solutions in China. Ningbo International Logistics Development Company (NILD), one of China's top IT logistics companies, has provided booking and shipping instructions as an INTTRA partner since 2008. With the announcement…
OOCL Rolls-out Next Phase of OCEAN Alliance
Following the success of the Day One products introduced earlier this year, Orient Overseas Container Line Limited (OOCL) announced the forthcoming launch of the second phase of the OCEAN Alliance products in April 2018, an improved suite of products providing industry-leading services to customers. The emphasis on quality services has long been the hallmark of the OOCL brand. Since the inauguration of our services in April 2017, OOCL has made steady progress to meet the requirements of our customers as they find that we are among the top performers in terms of schedule reliability.
American Club Strengthens Asia Presence
Katherine Wang, who is well known in Asian P&I circles, has joined the American Club as assistant vice president and marketing manager for Greater China and Northern Asia. In the first instance she will be stationed in the Hong Kong office of the club's managers, Shipowners Claims Bureau, and thereafter will be deployed to Dalian in Northern China - where in fact she graduated from Dalian Maritime University, obtaining her Bachelor’s Degree in International Shipping Transportation. Ms Wang joins SCB from another international group P&I club, where she was employed as an underwriter.
Sea Ice Could Disrupt Shipping in Northern China
A unit of China's State Oceanic Administration (SOA) on Friday issued a blue alert for sea ice in a key port area in the north of the country, potentially disrupting commodities shipments, as temperatures in the region plummet. Sea ice in the Liaodong Bay, the northern arm of China's Bohai Sea, now extends 67 nautical miles (124 km) from the shoreline, the North China Sea Marine Forecasting Center said in an 0700 GMT alert. Ice also extends 18 nautical miles out in the northern part of the Yellow Sea, the Center said.
APM Terminals Pact with Qingdao Port
Leaders from Qingdao Port Group met with APM Terminals executives in The Hague to sign a Memorandum of Understanding (MOU) for the APM Terminals Vado, Italy port project. Terms and investment amount were not disclosed. The MOU will create a new joint venture to invest in and work with other potential partners. APM Terminals Vado is a new terminal in northern Italy, which when opened in January 2018 will handle both containerized and liquid bulk cargoes – and integrated operationally with the existing 275…
Gypsy Moth Clause Takes Balanced Approach to Risk
A new BIMCO clause provides a simple, practical and commercial solution focusing on the basic obligations and responsibilities of owners and charterers when dealing with the Asian Gypsy Moth (AGM). The spread by ships of AGM poses a severe risk to agricultural resources in many parts of the world. Strict regulations are imposed by authorities in countries such as the United States, Canada, Australia and New Zealand to guard against this invasive and destruction pest. The moths don't cause damage to foliage directly as they do not eat during this short phase of their life…
Cat Engines for Chinese Dredging
Since establishing a preferred supplier status with China-based IHC Merwede, Cat engines have powered dozens of dredgers supplied for the Chinese dredging market. Five Cat engines will now power one of the most powerful cutter suction dredgers to operate in the Bohai Bay in Northern China. Commissioned by Tianjin Shunhang in November 2009, the new IHC 8527MP dredger will be powered by 2x Cat C280-12 (3700 bkW @ 1000rpm) engines to drive the in-board main dredge pump and 3x Cat 3516B (1717 bkW @ 1500 rpm) auxiliary engines to provide electric power.
Maersk Expands Online Platform Service Scope
Maersk Line takes further steps towards simplifying the supply chains of its customers by expanding the service scope on its online platform ship.maerskline.com to cover more major trades and addressing customers'pain points. The new scope on the platform will cover customers exporting from ports of Shanghai and Ningbo in Eastern China and Qingdao in North China, to all Mediterranean destinations; expanding from the current three Northern China ports (Qingdao, Xingang and Dalian) to West Africa, South Africa and East Coast South America.