Tag: China

A Chinese general cargo vessel, 'YUSHENG 366' sank in the waters south of Hong Kong after a collision with a CMA CGM containership in the early hours of Monday, December 24. The crew abandoned the ship, immediately, and they were, all, safely rescued.

According to IEA global coal demand is expected to increase for the second year in a row in 2018, and remain stable over the next five years as declines in Europe and North America are offset by strong increase in India and Southeast Asia.

On the occasion of its 40-year anniversary, China National Offshore Oil Corporation (CNOOC) announced the signing of Strategic Cooperation Agreements with nine international oil majors for oil and gas exploration in the Pearl River Mouth Basin, offshore China.

UK P&I Club issued a reminder for its members that from 1 January, 2019, all seagoing ships sailing in Chinese territorial waters will need to use fuel with a sulphur content of no higher than 0.5% m/m. This new regulation introduces some substantial changes to the existing ECA scheme previously announced by the Chinese authorities.

Sweden’s oldest passenger shipping company Rederi AB Gotland Group named its new ro-ro passenger vessel M/S Visborg on December 9 in Guangzhou City, capital of south China’s Guangdong Province.

The Chinese Port of Zhoushan aspires to challenge Singapore’s dominance in the shipping fuel industry. The Port wants to leverage the 2020 sulphur cap and it will rely on the fact that it is close with big ports, as well as on China’s assist to help it achieve its goals.

The Chinese government’s aim of suppressing coal and lignite imports in November and December 2018 is adversely affecting demand for Panamaxes and as a result, rates. Yet, according to Drewry, imports will be supported by winter and high-energy demand in the first quarter of 2019.

The Chinese Ministry of Transport issued a notice to ensure the safety and security of maritime transportation of LNG. Namely, the notice requires all relevant actors to implement safety measures for LNG transport and improve supervisions and inspections.

Greek businessmen and Chinese scholars expressed their optimism regarding the cooperation between the two countries as far as the Belt and Road Initiative is concerned, during a forum on December 10 at Piraeus port. This initiative is considered as an attempt by China to reshape the map of global trade and political influence.

Chinese imports of crude oil reached a new record during November, surpassing the record that was achieved set in October. Namely, China’s crude oil arrivals increased by 8.5% in comparison with the same period last year. This is the first time China imports more than 10 million bpd.