China has made its Australian coal ban official, sparking a swift response from Scott Morrison, the prime minister of Australia. Splash has reported for the past three months a growing informal list of products Beijing has moved to block entry to, as relations between Australia and China have...
Greater China
CSSC signs $2.3bn offshore wind deal
China State Shipbuilding Corporation (CSSC) has entered into an agreement with Xingcheng city government in Liaoning to cooperate on offshore wind projects. Under the agreement, CSSC will provide both investment and service support for city’s development of a new offshore wind farm. CSSC expects...
Greathorse makes alternate plans for cape sell-off
Greek owner Thenamaris has pulled the plug on plans to buy a quartet of Greathorse capes. Thenamaris had taken the ships – Tiger Jiangsu, Tiger Guangdong, Tiger Liaoning and Tiger Shandong – on subs at the end of October. However, following inspections of the ships, Thenamaris has decided to take...
https://splash247.com/greathorse-makes-alternate-plans-for-cape-sell-off/
China leads Asia’s offshore wind charge
Analysis from Rystad Energy shows Asia’s offshore wind operational capacity has grown to more than 6 GW, fuelled by China’s growth, with the continent set to rival Europe by 2025. Asia’s installed base is expected to rise sixfold by 2025, to reach 52 GW, and be almost on par with Europe, according...
https://splash247.com/china-leads-asias-offshore-wind-charge/
Tanker and bulker owners look on as Xi tightens environmental goals
Xi Jinping, the president of China, upped his nation’s green goals over the weekend in a video address that will have ramifications for owners of bulk carriers and tankers around the world. Xi, who earlier this year vowed to make China carbon neutral by 2060 and to ensure Chinese emissions peak by...
https://splash247.com/tanker-and-bulker-owners-look-on-as-xi-tightens-environmental-goals/
Two boxships collide near Shanghai, three dead and five missing
Two containerships have collided near the Yangtze River estuary off Shanghai late on Sunday night resulting in the sinking of one vessel. According to information released by Shanghai Maritime Safety Burea, the 2013-built 1,7,14 teu containership Oceana suffered an engine failure and collided with...
https://splash247.com/two-boxships-collide-near-shanghai-three-dead-and-five-missing/
China Merchants forms strategic partnership with China Minmetals
China Merchants Group has signed a framework agreement to form a strategic partnership with China Minmetals Corporation to start a series of collaborations. Under the agreement, the two parties will cooperate in the areas of shipping and logistics, port trade, subsea mine exploration and other...
https://splash247.com/china-merchants-forms-strategic-partnership-with-china-minmetals/
Cosco sells major stake in Cosco Shipping Leasing to state fund
Cosco Shipping Development has announced that it has entered into an agreement with Chengtong Fund Management to sell a 35.22% stake in Cosco Shipping Leasing for a price of RMB1.8bn ($275m). Chengtong signed the agreement on behalf of Mixed Ownership Reform Fund, a fund to be established by the...
https://splash247.com/cosco-sells-major-stake-in-cosco-shipping-leasing-to-state-fund/
Noble exits shipowning with cape sale
Noble Group Holdings has exited shipowning with the sale of its last capesize. The commodities company, which has been through an enormous restructuring in recent years, has sold the for $16.63m. VesselsValue data shows the vessel was bought by Greek owner Lavinia and renamed Aipos. Noble operates...
https://splash247.com/noble-exits-shipowning-with-cape-sale/
Taizhou Kouan emerges from bankruptcy
Chinese private shipyard Taizhou Kouan Shipbuilding has emerged from bankruptcy after new investors took control of the yard. The yard entered into a court-led restructuring after it was declared bankrupt by a local court in August due to a financial crisis. Two local companies, Taizhou Changqin...
https://splash247.com/taizhou-kouan-emerges-from-bankruptcy/