China Merchants Energy Transportation (CMES) the energy transport unit of China Merchants Group, has struck a deal to sell its very large crude carrier New Talisman to GCC Fuel Supply for $36.8m. The 2009-built ship is expected to be delivered before May 30, 2022, and CMES has already received...
CSSC Shipping, the leasing arm of state-owned China State Shipbuilding Corporation, said its subsidiary has agreed with Wuchang Shipbuilding to build four 1,100 teu feeder containerships. The Hong Kong-listed firm said in a regulatory filing that CA Shipping, a 60/40 joint venture between CSSC...
https://splash247.com/cssc-shipping-books-four-feeder-boxships-at-wuchang-shipbuilding/
Semisub accommodation vessel owner Prosafe has agreed with China’s Cosco Shipping to extend the delivery of two newbuild fotel units, Safe Nova and Safe Vega, under the agreement struck back in August 2018. The initial deal between Prosafe and Cosco allowed for flexible delivery and long-term...
https://splash247.com/prosafe-and-cosco-extend-flotels-delivery/
Russian oil companies and traders have chartered more than half the vessels chartered to load crude from Russia’s Far East in the first half of May, compared to accounting for a tenth of such spot charters in the year to April 2022, according to data from Braemar ACM. “These new players have...
https://splash247.com/russia-takes-care-of-tanker-charters-to-china/
Intercontinental rail cargo between Asia and Europe has suffered an enormous shock in the near three months since Russia invaded Ukraine. Coming up with a solution is Danish carrier Maersk, which has debuted a new Middle Corridor rail-sea offering through Central Asia avoiding Russia. Departing...
https://splash247.com/alternate-non-russian-rail-sea-offerings-from-china-to-europe-emerge/
Chinese state-owned COSCO Shipping Holdings is currently building a $3bn deepwater port in Chancay, 55 km north of Lima, the company’s first in South America. The complex will include an industrial and logistics park on its 1,100 hectares. In 2019, COSCO purchased 60% of the shares in Terminales...
https://splash247.com/cosco-investing-3bn-in-new-peruvian-port/
China’s National Bureau of Statistics (NBS) revealed alarming statistics for April yesterday, with analysts warning similar troubling figures can be expected for May with the country’s aim of an annual 5.5% GDP growth looking very unrealistic. The official data released will spook shipowners who...
https://splash247.com/latest-china-economic-data-spooks-shipping/
Taiwan Navigation has returned to Japan to a familiar yard for its latest fleet expansion. Brokers indicate the Taiwanese company has ordered two 40,000 dwt bulkers at Namura Shipbuilding. Delivery is due in 2024 with no prices revealed to date. The Taipei-headquartered shipping line has a fleet...
https://splash247.com/taiwan-navigation-orders-bulker-pair-at-namura/
David Turnbull, the veteran chairman and executive director at Hong Kong’s Pacific Basin Shipping, has announced his intention to retire after the company’s annual general meeting next year. Turbull has been chairman of the listed Hong Kong dry bulk giant since 2008. Prior to that he had worked...
https://splash247.com/david-turnbull-to-retire-from-pacific-basin/
May 20 has been given as the first official deadline for Shanghai, China’s largest city, to open up. The metropolis, home to the world’s largest container port, entered lockdown in late March for what was meant to be 10 days as part of China’s strict zero-covid policy. Most of the city’s 25m...
https://splash247.com/shanghai-authorities-claim-city-will-open-up-next-week/