Croatian bulker owner and operator Atlantska Plovidba has added another ultramax newbuild to its orderbook in China. The Dubrovnik-based outfit, majority owned by compatriot Tankerska Plovidba from Zadar, said in a Zagreb stock exchange filing it had lifted an option at Jiangsu Hantong Ship Heavy...
https://splash247.com/atlantska-plovidba-adds-to-ultramax-orderbook-in-china/
Partners CY Shipping and BigLift Shipping have increased their fleet of heavylift vessels to six vessels, by adding two ships at Jing Jiang Nanyang Shipbuilding in China. The first vessel, owned by CY Shipping, will be delivered in Q4 2025 and the second vessel, owned by BigLift Shipping, in Q2...
https://splash247.com/cy-shipping-and-biglift-shipping-order-two-ships-in-china/
The National Development and Reform Commission (NDRC) in Beijing has unveiled a domestic coal production reserve system that will commence from 2027. The system would ensure an emergency 300m tons of annual coal production could be dispatched across the nation when needed from 2030. Three years...
Chinese bulker operator Jinhui Shipping and Transportation is expanding its fleet with its first long-term charter-in deal this year. The Oslo- and Hong Kong-listed company, better known for its secondhand sale and purchase activities, has contracted the 2016-built ultramax named Pacific Lilly for...
https://splash247.com/jinhui-turns-to-charter-market-in-latest-fleet-boost/
The first batch of transpacific contracts are concluding for the May 2024-April 2025 period with analysts at Jefferies reporting Asia-US west coast rates are understood to be in the $1,40 to $1,500 per feu range, up from $1,200 per feu to $1,300 per feu last year. These agreements compare to...
https://splash247.com/transpacific-container-contracts-substantially-below-initial-asking-rates/
Li Yibo, the former chairman of Guangzhou port, has been placed in custody by anti-graft authorities, with Chinese finanacial newswire Caixin reporting the port operator is investigating construction projects carried out during Li’s tenure. Li was detained at the start of this month. On April 3,...
https://splash247.com/ex-head-of-guangzhou-port-under-investigation/
Hong Kong-listed Seacon Shipping is selling a bareboat chartered modern chemical and oil products carrier to UK bulker and tanker player Union Maritime. The 2022 Fujian Mawei-built Golden Lavender has fetched $36m, with ship pricing platform VesselsValue estimating the 34,827 dwt unit at about...
https://splash247.com/seacon-offloads-modern-mr1-product-tanker-in-36m-deal-with-union-maritime/
Yesterday’s 7.4 earthquake which struck northeast Taiwan has damaged some berths at Hualien port. The quake, the most powerful to hit the island for 25 years, resulted in several wharfs bulging at Hualien, according to Wilhelmsen Port Services. The damaged berths are used for sand, bulk cargo...
Busy Chinese builder New Dayang has secured more orders for ultramax bulk carrier newbuildings. Beijing-based leasing company Huaxia Financial Leasing has contracted the shipbuilding arm of state-run machinery manufacturer Sumec Group for eight Crown 63 Plus design vessels. Financial terms...
https://splash247.com/ultramax-orders-pile-up-at-new-dayang/
South Korea’s flagship carrier HMM has signed a memorandum of understanding (MoU) with Shanghai International Port Group (SIPG) to cooperate on clean marine fuel. This agreement between the two will focus on bunkering methanol and LNG at Shanghai Port along with supporting carbon reduction goals,...
https://splash247.com/hmm-inks-deal-to-bunker-methanol-and-lng-at-shanghai-port/