By Chen Aizhu SINGAPORE, Nov 13 (Reuters) – China’s Sinopec Corp plans to build a fleet of 100 barges over the next three years to supply marine fuel compliant with new global emission standards, said a Chinese shipping executive with direct knowledge of the matter. In what would be one of the top...
Under the sidelines of Chinese President Xi Jinping visit to Athens, Greece and China inked an agreement to boost port of Piraeus with 600 million euros by COSCO shipping; The agreement is part of 16 trade deals signed between the two countries.
COSCO aims to turn the port into the biggest commercial harbour in Europe, spending about 600 million euros to boost operations, including mandatory investments of 300 million euros by 2022 which once concluded will allow it to acquire an additional 16%...
https://safety4sea.com/greece-china-ink-16-trade-agreements/
Babcock’s LPG Fuel Gas Supply System
Babcock LGE continues growth in LPG, LPG Fuel Gas and LNG carrier sectors
Babcock’s LGE business – the global leader in liquid gas solutions – is celebrating its 26th order of 2019 from the world’s largest shipyards in South Korea and China, including several LPG Fuel Gas Supply System (ecoFGSS™) contracts.
Having won 16 contracts in the LPG carrier market, plus a further 10 ecoSMRT® contracts for LNG carriers so far in 2019, the company continues to thrive in...
In order to effectively implement the IMO’s 2020 global sulphur limit, China Maritime Safety Administration (MSA) issued a notice describing all the relevant requirements to ensure compliance with the new regulation.
Use and carriage of fuel oil and alternative measures
From January 1st 2020 entering Chinese must use fuel oil of sulphur content not exceeding 0.50%. In addition, ships entering China inland waterway emission control areas must use fuel oil of sulphur content not exceeding 0.10%....
https://safety4sea.com/china-publishes-guidance-for-compliance-with-imo-2020/
Given that China is considered to be one of the biggest coal buyer in global, its coal imports per year are estimated between 200 million and 300 million tons. According to the president of a top industry body, there is an allegation that the rate of shipments during the last two months of 2019 could slow down, setting new level standards for the following years.
According to Bloomberg, Yang Xianfeng president of the China Coal Transportation & Distribution Association reported that imports are...
https://safety4sea.com/chinas-coal-imports-expected-to-slow-down-in-2019s-last-two-months/
Although in the first place US and China top negotiators discussed on removing the additional tariffs imposed to China, in a “phase one” trade deal, the Trump administration never fully agreed to these changes, with President Donald Trump stating that the two countries haven’t come to an agreement yet.
According to President Donald Trump, he hasn’t signed any trade deal with China, to scrap tariffs on Chinese goods, lowering the possibilities to find a resolution.
In light of the developments,...
Tariffs are taking their toll at the Port of Los Angeles, United States’ busiest container port, with container counts and vessel calls dropping sharply in October and exports of American goods being in decline for 12 consecutive months.
On Thursday, November 7, The Port of Los Angeles announced that it moved 770,189 Twenty-Foot Equivalent Units (TEUs) in October, a 19.1% to 392,768 TEUs decrease compared to 2018’s record-breaking October. Total volumes have increased 1.8% compared to last...
https://safety4sea.com/october-volumes-drop-at-the-port-of-l-a-following-tariffs/
China and France signed $15 billion contracts during a visit of France’s President Emmanuel Macron to China including a contract to develop a LNG terminal and storage facility in China’s North port of Tianjin. The contracts include a variety of sectors, such as energy, agriculture and aeronautics.
According to Reuters, the energy deals also include an MoU between Beijing Gas Group and French utility Engie (ENGIE.PA) to collaborate on a liquefied natural gas terminal and storage in the northern...
https://safety4sea.com/china-france-ink-agreement-on-lng-development/
China and Pakistan have agreed here on Tuesday to further their cooperation in different fields under the China-Pakistan Economic Corridor (CPEC) during the ninth Joint Cooperation Committee (JCC) meeting of CPEC.
Pakistani Minister of Planning, Development and Reforms Khusro Bakhtiar said in the opening remarks that this year was a significant year for CPEC as several significant milestones were achieved or will be achieved by the end of the year.
“The recent visits of Prime Minister Imran Khan...
By Bloomberg News (Bloomberg) — China and the U.S. have agreed to roll back tariffs on each other’s goods in phases as they work toward a deal between the two sides, a Ministry of Commerce spokesman said. “In the past two weeks, top negotiators had serious, constructive discussions and agreed to...