Tag: China

China and India will account for about 35% of global oil trade in the next ten to fifteen years, despite China’s commitment to increasing the use of clean power and renewable energy. Harald Lone, Chairman and Chief Executive Officer of Newport Shipping Group, made the forecast during a round-table discussion marking the opening of Riviera Maritime’s Tanker Shipping & Trade 2014 conference. With imports of crude oil to the US in decline as the country develops its shale oil and gas reserves, China and India will become “very important” to the crude oil markets, said Lone. “There is no doubt that shale oil and gas is changing the oil industry and it will have a major impact on trade flows.”, Mr Lone said:  “One major issue that is coming up is the implementation of the ECA rules in January but very few shipowners are looking at the issue. Maybe, as an industry, we have been hiding our heads in the sand for the past year hoping the issue will go away, but it hasn’t.”, Mr Lone commented on the impact of sulfur emissions legislation on the tanker segment While agreeing that the move to reduce emissions by shifting freight from the highway to the seaway is a positive step forward, he outlined his concern that ...

Carnival Corporation and Fincantieri Sign MoU to Support Cruise Industry Growth in China

EUNAVFOR Flagship, ITS Andrea Doria, and the Chinese Flagship CNS Changbaishan met at sea in the Gulf of Aden

IMO jointly organized a seminar on Maritime surveillance monitoring and communication systems for maritime security

China is home to seven of the world's ten busiest container ports. About 26 percent of the world's containers pass through the top ten Chinese ports every year. Every ship and truck brings pollution along with its cargo, and China is paying a high price for pollution from shipping. In 2010 the country saw an estimated 1.2 million premature deaths caused by ambient air pollution. According to studies conducted in Hong Kong and Shenzhen, shipping is a significant source of these air pollution and health problems, particularly in port cities. Since Chinese port cities are among the most densely populated with the busiest ports in the world, air pollution from ships and port activities likely contributes to much higher public health risks than are found in other port regions.  Please click at table below to view the t op 20 container terminals and their throughput for 2013 (source: NRDC)    Health and Environmental Impacts of Shipping and Port Emissions Most ships at Chinese ports run on bunker fuel, also known as residual fuel. Almost all port vehicles and equipment are powered by diesel fuel. The exhaust from all of these engines contains high levels of diesel particulate matter (PM), oxides ...

Economic news from China this morning was somewhat comforting, but highlights the fact that economic activity in the world's largest economy is certainly slowing down

Carnival Corporation signed a MOU with the CSSC to explore the possibility of a joint venture aiming the development and growth of the Chinese cruise industry

The CMA CGM Group announced that the maiden voyage of the CMA CGM ELBE began on October, 14th, 2014

The port of Shanghai and the port of Antwerp are to collaborate more closely. A MoU was signed to this effect during the recent trade mission to Shanghai

Hamburg, 13th October 2014 – The future of EU–China relations, the country’s investment in Europe as well as sustainable growth and environmental protection in the Chinese economy were just some of the topics on the agenda at the 6th Hamburg Summit last weekend. To foster new relationships and honour key players for their efforts in European–Chinese cooperation, the world’s largest classification society DNV GL hosted a dinner in its global maritime headquarters in Hamburg. “We are committed to China and will continue to strengthen this commitment in the future. Our vision is to have a global impact for a safe and sustainable future. To achieve this, we need a global collaboration. That is why it is so encouraging to be a part of the Hamburg Summit,” said Knut Ørbeck-Nilssen,  President Maritime at DNV GL, when he addressed more than 250 dinner guests in the Hafencity. A common focus on increasing sustainability by using greener energy sources has become an instrumental part of the cooperation between East and West. “Both China and Europe have been at the forefront of setting ambitious goals for renewable energy generation to power a low carbon future. Recently, China decided to make certification of new types ...