FURUNO, Cosco Shipping Technology and HEISEI TRADING Establish Joint Venture to Develop the Maritime Business in China

FURUNO, Cosco Shipping Technology and HEISEI TRADING Establish Joint Venture to Develop the Maritime Business in China

FURUNO ELECTRIC CO., LTD. announced yesterday that on 10th of September, FURUNO, COSCO SHIPPING Technology (CS Tech) which is a group company of China COSCO Shipping Corporation Limited, and HEISEI TRADING CO., LTD …
Sep 13, 2018 /  Curious
Ice-Breaking LNG Carrier for Yamal LNG Project Named Vladimir Vize

Ice-Breaking LNG Carrier for Yamal LNG Project Named Vladimir Vize

The Vessel Will Serve in the World's First Ice-Breaking LNG Carrier Project following "Vladimir Rusanov" TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL) held a naming ceremony on 11 September for an ice-breaking LNG carrier, …
Sep 13, 2018 /  Vessels
Qatargas announces a 22-year LNG sale and purchase agreement with PetroChina

Qatargas announces a 22-year LNG sale and purchase agreement with PetroChina

Qatargas has announced a long-term Sale and Purchase Agreement (SPA) with PetroChina International Company Limited, a unit of PetroChina Company Limited (PetroChina), to supply China with around 3.4 million tonnes of …
Sep 10, 2018 /  Curious
Ocean Installer Awarded First Contract In China

Ocean Installer Awarded First Contract In China

Ocean Installer has been awarded a contract for 3rd Party Verification and Engineering Support work for the Liuhua 29-1 Gas Field Development located in the South China Sea. Caption: Offshore Support Vessel …
Sep 3, 2018 /  Curious
Fincantieri Extends Cooperation with China

Fincantieri Extends Cooperation with China

Fincantieri and China State Shipbuilding Corporation (CSSC) are extending their industrial cooperation over and above their joint venture dedicated to building the first Chinese built cruise ships. The extended …
Aug 29, 2018 /  Finance
Over 30% of Global Crude Oil Trade Moves Through South China Sea

Over 30% of Global Crude Oil Trade Moves Through South China Sea

The South China Sea is a major trade route for crude oil, and in 2016, more than 30% of global maritime crude oil trade, or about 15 million barrels per day (b/d), passed through the South China Sea, according to US EIA. …
Aug 29, 2018 /  Curious
Seven Dead as Cargo Ship Sinks in China

Seven Dead as Cargo Ship Sinks in China

Seven people have died after a cargo ship sank in the Beijiang River, in south China's Guangdong Province, Chinese official media said quoting local authorities. The report said that the ship, Yueyingde …
Aug 29, 2018 /  Accidents
US Ports Urge Gov’t to Consider Bad Impact of Trade Tariffs

US Ports Urge Gov’t to Consider Bad Impact of Trade Tariffs

The American Association of Port Authorities (AAPA) will urge today the federal government to consider the negative impacts that trade tariffs would have on port and other trade-related American jobs nationwide. In …
Aug 24, 2018 /  Finance
CNCo expands North America presence with new office in Vancouver

CNCo expands North America presence with new office in Vancouver

The China Navigation Company (CNCo), celebrated the official opening of its new branch office in Vancouver, British Columbia, Canada, on 9 August 2018. Caption: CNCo Vancouver opening ceremony   The …
Aug 13, 2018 /  Vessels
Steel Cut for World's Largest Container Vessels in Shanghai

Steel Cut for World's Largest Container Vessels in Shanghai

China State Shipbuilding Corporation (CSSC) has commenced construction of CMA CGM’s 22,000 TEU boxships, which would make them the largest container vessels in the world, reported China's official …
Aug 2, 2018 /  Curious