The United States is beginning to question whether China is to blame for the box shortages plaguing global supply chains this year. At a virtual meeting hosted by the Intermodal Association of North America (IANA) last week, Federal Maritime Commissioner Carl Bentzel said he is exploring how China...
https://splash247.com/fmc-commissioner-to-examine-chinas-role-in-container-shortage/
The Suez Canal Authority has slashed its compensation claims by nearly a third. The Egyptian body is now seeking $600m rather than $916m as negotiations stretch into another week to get the 400 m long vessel freed and able to get to its European destinations, seven weeks after it grounded, blocking...
https://splash247.com/suez-canal-authority-slashes-ever-given-compensation-claims-by-300m/
Wage demands for Chinese seafarers are skyrocketing as they become a hot, jabbed commodity, replacing many Indian and Filipino crews around the world. Wages of Chinese manned ships have been increasing every two months since the middle of last year. In some segments such as tankers, the Chinese...
https://splash247.com/chinese-seafarers-land-knockout-jab-in-crewing-crunch-wage-bill-spikes/
A steady stream of Chinese operators has turned to shipowning in the last couple of years. This week Beijing-based operator Solebay has emerged as a shipowner, after sealing the highest bid on a ship sold by Greathorse International Ship Management , via auction at the end of March. Solebay has...
https://splash247.com/solebay-becomes-shipowner-with-cape-purchase/
Attempts to unload the cargo from an NGM Energy-owned suezmax tanker that leaked oil into the Yellow Sea near the Chinese port city of Qingdao after a collision last week should be completed on Tuesday, the vessel’s manager Goodwood Ship Management said. The Liberia-flagged 150,500 dwt , carrying...
https://splash247.com/lightering-of-rammed-suezmax-off-quindao-almost-completed/
Two crane operators are thought to have died when an extraordinarily violent storm hit Jiangsu province in eastern China on Friday evening and a massive gantry crane collapsed at New Times Shipbuilding. Extreme winds and hail were reported around Nantong on Friday evening with a 600-ton gantry...
https://splash247.com/two-perish-as-violent-storm-topples-new-times-gantry-crane/
China Development Bank Financial Leasing (CDB Leasing) has placed an order for eight 80,000 dwt bulkers at Cosco Shipping Heavy’s Yangzhou yard. According to CDB Leasing, the deal is worth $221.6m. The buyers involve 8 wholly-owned special purpose companies of CDB Leasing incorporated in Hong Kong,...
https://splash247.com/cdb-leasing-books-eight-bulkers-at-cosco-yangzhou/
French containerline CMA CGM has placed an order for 22 containerships at China State Shipbuilding Corporation (CSSC). The order covers the construction of twelve LNG-powered boxships, of which six will be 15,000 teu and the remaining six 13,000 teu. The contract also includes ten VLSFO-powered...
https://splash247.com/cma-cgm-signs-up-for-22-boxships-at-cssc/
After nine years in the job, Mats Berglund announced this January he’s stepping down at the end of July from his role running one of Hong Kong’s largest shipping lines, joining a growing exodus of expatriates from the Special Administrative Region. Berglund, 57, will return home to Sweden on...
https://splash247.com/pacific-basin-the-tramp-trades-must-wait-for-green-tech-to-filter-down/
Railway construction and tunnelling works have commenced around the Simandou iron ore project in the southeast of Guinea, a mine in west Africa which is set to reshape global iron ore trading patterns. A consortium, which includes Singapore’s Winning Shipping, Guinean mining logistics firm United...
https://splash247.com/giant-cape-shifting-simandou-iron-ore-project-moves-ahead/