Tag: COSCO

Carrying a shipload of 4,380 cars "ZhongYuanTengFei," China's biggest car carrier of China Ocean Shipping Company, also known as COSCO, with a capacity of 5,000 automobiles, sailed from Shanghai to Brazil on June 10. It carried a shipload of 4,380 cars, mostly domestic brands, including JAC Motors, Chery Automobile, Sany Group and Lonking Product. It set a record for the heaviest carrying capacity in one time for a Chinese-made cargo ship. The demand for automobile exports has ballooned as China's auto industry is developing rapidly. According to statistics, Chinas total export volume of automobiles in the first quarter of 2011 reached 230,000, and with this trend, it is estimated that China will sell about 700,000 cars this year.Source: People's Daily Online

Ore imports dropped last year for the first time about 9 million tonnes Indications are growing that throughput at China's ports is slowing down and that imports of iron ore could weaken, a senior executive with China COSCO Holdings Co Ltd said on Tuesday.Simon Young, chief executive of COSCO UK, a unit of China's top shipping conglomerate, said China's iron ore imports dropped last year for the first time. "It was only a 9 million tonne reduction, but that could be a very strong signal," he told a Navigate shipping conference."Throughput at the ports also show signs of slowing down." Young said overall throughput at Chinese ports saw growth of 14.3 percent in the first quarter of this year compared with almost 20 percent for the same period last year. Economic data from China, the main contributor to world demand growth for the past two years, has raised investor worries of a "hard landing", or sharp slowing. But many leading banks, including HSBC and Standard Chartered, say such fears are exaggerated.Recent output data suggested China's gross domestic product was still growing at a 9 percent clip, while waning inflation could give Beijing room to prop up growth if needed. Ship ...

Aiming at high-efficiency ship type and emission reduction Normal 0 false false false EL X-NONE X-NONE On May 24, China Classification Society (CCS) and China Ocean Shipping (Group) Company (COSCO) signed a strategic cooperation agreement in Beijing, aiming at meeting the future trend of international shipping development and carrying out a comprehensive strategic cooperation in developing high-efficiency ship type, establishing technical standards for energy saving and emission reduction, R&D in energy saving and environmental protection technology, ship energy efficiency management certification, ship environmental rating certification, energy management system certification, pilot application of Maritime Labour Convention 2006 in COSCOs fleet, implementation of the International Convention for the Safe and Environmentally Sound Recycling of Ships, as well as deepening cooperation in information network, information platform and information sharing.According to the Agreement, CCS will make the best of its own capability as well as technical and information resources both at home and abroad to fully support COSCO to realize its goal of diversified businesses in shipping, shipbuilding, ship repair and logistics as well as its vision of "building up a century-old COSCO" and creating 10b RMB benefit. In the process of its business development and expansion, COSCO will render substantial support to CCS, ...

The incident was minor and the ships sustained only cosmetic damage The Gibraltar Maritime Administration has launched an investigation after a Chinese cargo ship bumped into a tanker used for floating storage by a Gibraltar bunker operator.The incident was minor and the ships sustained only cosmetic damage. One source said the ships had touched.But officials were keen to establish what went wrong in order to avoid any such incident in the future.The vessel Jing Gang Shan, operated by the Chinese state-owned company COSCO, had called at Gibraltar for bunkers and was sailing out of the bay early in the afternoon after taking on fuel.In doing so, the vessel appears to have made contact with the tanker Aeolos, which is used as storage by the Greek company Aegean Bunkering and was anchored in the bay.The Chinese vessel was ordered to return to Gibraltar and detained by the maritime authority pending the outcome of its investigation.The incident comes just months after the ports new vessel traffic monitoring system came into operation.The system is designed to prevent precisely this sort of incident from occurring, hence the need to investigate why the Chinese ship came so close to another anchored vessel.Source: Gibraltar Chronicle

A boarding party has now confirmed that the pirates have left A Cosco bulker has survived a scrape with Somali pirates almost two years after being involved in a high-profile casualty off Norway.The Full City grounded on the rocks off Langesund, spilling oil in 2009.Armed pirates using two skiffs attacked the 26,800-dwt Full City early this morning in the Southern Arabian Sea, sources say.They managed to board the vessel and there were some suggestions the ship had been hijacked.Indian, Chinese and NATO warships raced to the scene and a boarding party has now confirmed the pirates have left.The Full City was en route from Jeddah to India when the attack took place.The 1995-built bulker made headlines in the summer of 2009 after running aground off Norway.An estimated 300 tonnes of fuel oil was spilled in the accident after it dragged its anchor while sheltering from a storm.The master was sentenced to six months in jail for his role in the saga.Source: Tradewinds