Shanghai port has maintained its top position for a 10th consecutive year in the world in terms of container throughput in 2019 with a record 43.3m teu handled, up by 3% over 2018’s 42.01m teu figure. This is an important year for Shanghai’s maritime aspirations. Back in 2008, authorities...
https://splash247.com/shanghai-port-retains-top-box-billing/
Shanxi-based coal trader Nanye Group is one step closer to taking over domestic dry bulk operator CSC Phoenix, having become the debtee of the company’s controlling shareholder Tianjin Shunhang Shipping. CSC Phoenix has announced that Nanye Group has secured Tianjin Shunhang’s 25m CSC Phoenix...
https://splash247.com/nanye-group-set-for-csc-phoenix-takeover/
The US and China have signed the first phase of a broader trade pact on Wednesday, however analysts aren’t confident it will bring immediate joy for the shipping sector. Under the 86-page agreement, China agreed to increase purchases of American products and services by at least $200bn over the...
https://splash247.com/us-and-china-trade-deal-unlikely-to-have-immediate-impact-on-shipping/
General cargo ship Star Lord ran into issues on Wednesday while enroute from Kaohsiung to South Korea, resulting in the crew abandoning the ship. According to Taiwanese local media, the Mongolian-flagged ship sent a distress signal, reporting the ship was listing to the port side and all the crew...
https://splash247.com/general-cargo-ship-abandoned-off-taiwan/
China Merchants Group’s Liaoning Port Group has taken over bankrupt Dandong Port as a local court forced the approval of a restructuring plan proposed by the government-led administrators. Dandong Port entered into court-led restructuring process in April last year due to a major debt crisis with...
https://splash247.com/china-merchants-takes-over-dandong-port-in-controversial-court-ruling/
A petrochemical terminal at Zhuhai Port in southern China suffered a major explosion and caused a massive fire today. The accident occurred at Changlian Petrochemical’s base in the Gaolan port area of Zhuhai Port, just across the border from Macau at the mouth of the Pearl River. The workers at the...
https://splash247.com/petrochemical-terminal-explosion-rocks-zhuhai-port/
Zhejiang Wuxing Logistics and Shanghai Zhixian Transportation Shipping have formed a partnership for the investment of up to eight multi-purpose heavylift ships. The LNG dual-fuel open deck heavylift carrier has a carrying capacity of 26,000 dwt and is capable of carrying 500 LNG tanker containers....
https://splash247.com/wuxing-logistics-and-zhixian-shipping-partner-up-to-build-heavylift-fleet/
The US government has announced a new round of economic sanctions against 17 metal producers and mining companies from Iran and a network of Chinese companies involved in the purchase, sale and transfer of Iranian metal products, amid the escalating conflict between the US and Iran. The U.S....
German owner H.Vogemann has placed an order at China’s Yangzijiang Shipbuilding for the construction of six 40,000 dwt open hatch handy bulkers. Shipbroking house Clarksons reported that the vessels will be built at the New Yangzijiang yard and deliveries are scheduled between October 2021 and...
https://splash247.com/h-vogemann-orders-six-handy-bulkers-at-yangzijiang/
German tanker owner Carl Buttner has signed shipbuilding contracts with Chinese yard Hantong Ship Heavy Industry for the construction of up to two 38,000 dwt chemical tankers. The contracts include a firm order for one vessel and option for another. Deliveries are scheduled in November 2021 and...
https://splash247.com/carl-buttner-books-chemical-tanker-pair-at-hantong/