Chinese

Greek & Chinese Shipping Giants Dominating 34% Of Global Cargo Fleet Capacity

The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships owned by Greek and Chinese shipping companies contribute 34% of the total fleet’s deadweight tonne capacity, says an article published on bimco website.

Greek Shipping Industry
  1. Prominence: Greece is recognized as the leading shipping nation globally, maintaining its status over time.
  2. Fleet Size: Greek shipowners control 19% of the world’s cargo-carrying...

https://mfame.guru/greek-chinese-shipping-giants-dominating-34-of-global-cargo-fleet-capacity/

Russian Oil Price Cap Cause Tanker Bottleneck

credit: Venti views_unsplash

New Turkish insurance rules on oil tankers carrying Russian crude continue to slow down the movement of tankers off the coast of Turkey and between Russia’s Black Sea ports and the Mediterranean, says an article published on Cncb.

Insurance clearance

Sixteen vessels (none Russian-flagged) are waiting for insurance clearance, according to MarineTraffic, and that number is expected to grow.

Russian-flagged tankers

Based on MarineTraffic data, 35 vessels including nine...

https://mfame.guru/russian-oil-price-cap-cause-tanker-bottleneck/

Chinese LNG Buyers Eye Winter Cargoes On Price Falls

Chinese LNG buyers have begun enquiring for December-January spot deliveries as LNG spot prices continue to retreat, says an article published Argus Media.

More price-driven

But this move is likely more price-driven, not a result of buyers in China being short on gas, market participants said.

Firm start purchasing spot

At least one Chinese national oil company (NOC) has confirmed that it is currently seeking December or January spot cargoes, since prices have softened enough to make it viable for...

https://mfame.guru/chinese-lng-buyers-eye-winter-cargoes-on-price-falls/

Chinese Flock To Tourist Sites After Government Lifts Ban! Third Wave Feared!

  • After the Chinese government lifted traveling bans, people are flocking to popular sites.
  • Authorities are issuing notices declaring parks had reached its 20,000 people daily capacity.
  • Shanghai was packed with shoppers and tourists, after weeks of being near-deserted.
  • Chinese health experts have urged the public to continue to practice caution.
  • The government is restarting the country’s manufacturing and service industries.
  • Epidemiologists warn of “new wave” of cases in mainland China, off the...

http://mfame.guru/chinese-flock-to-tourist-sites-after-government-lifts-ban-third-wave-feared/

Asian LNG Prices Slip as China Stays Away

  • LNG shipping rates for the Pacific basin jumped to $75,000 per day, from $61,000 – $65,000 last week.
  • The average LNG price for November delivery into northeast Asia was estimated at $5.55 per million British thermal units (mmBtu), down from $5.75 per mmBtu last week.
  • Dutch front-month prices, a European benchmark, traded at around 16 euros per megawatt-hour, or $5.15, compared to $3.51 at the end of September.
  • European countries such as France, Austria, and Poland reported gas storage 100%...

http://mfame.guru/asian-lng-prices-slip-as-china-stays-away/

Panel: China Leading the World in Hypersonic Weapon Development

Artist Rendering of Chinese DF-ZF Experimental Vehicle

China is leading the world in hypersonic technology due to Beijing setting a clear investment strategy to its industrial base, a panel of national security experts said Monday.

“[The U.S.] commercial sector [and] Silicon Valley will never ever develop” the technologies associated with hypersonic weapons, Roger Zakheim, a member of the National Defense Strategy Commission, said at the Hudson Institute.
“The capability is going to come from the...

https://news.usni.org/2019/03/14/panel-china-leading-world-hypersonic-weapon-development

New regulations to apply in Chinese ECAs from January 2019

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.

Local correspondents of the UK P&I club, the insurance agency Huatai, have provided an update on the early implementation of the next stage of fuel sulphur regulations which are issued by the Chinese Ministry of Transport.

This new regulation introduces some substantial changes to the existing ECA...

https://safety4sea.com/uk-club-issues-reminder-on-new-fuel-requirements-in-chinese-waters/