Ahead of sanctions due next month, Iran’s top line IRISL has set up a Chinese joint venture line. Newcomer Reach Shipping Lines will operate the four new 14,508 teu ships, delivered in August to IRISL, on a new Far East – Colombo service that calls at Qingdao, Xingang, Dalian, Busan, Lianyungang,...
https://splash247.com/irisl-reaches-out-to-china-ahead-of-sanctions/
Carrie Lam, Hong Kong’s chief executive, gave the opening address at the Global Maritime Forum this morning at the territory’s main cruise terminal in which she vowed to bolster the city’s maritime set-up. Lam, the leader of the Special Administrative Region since July last year, told the 200...
https://splash247.com/hong-kongs-leader-vows-to-bolster-maritime/
Senior stakeholders believe that the global maritime industry is not prepared to deal with major issues that are likely to impact it over the next ten years. This is according to the Global Maritime Issues Monitor 2018, published today by the Global Maritime Forum, global insurance broker and risk...
Hong Kong-listed Huarong Energy, formerly Rongsheng Heavy Industries, will soon dispose of its entire shipbuilding assets nearly four years after the yard closed operations. The company has announced that it has reached agreement with a buyer on the principal terms for the disposal of its core...
https://splash247.com/huarong-energy-finds-buyer-for-rongsheng-shipbuilding-assets/
Cosco Shipping Bulk, the bulk shipping unit of China Cosco Shipping Corporation, has announced that it has secured a long-term shipping contract with Aluminum Corporation of China (CHALCO) for the transportation of bauxite from Guinea to China. According to Cosco, the contract is part of a...
https://splash247.com/cosco-secures-bauxite-shipping-contract-from-chalco/
“Playing poker blind with half the cards,” was how moderator Thomas Söderberg, the founder of Tribini Capital, introduced the choices facing owners with the global sulphur cap less than 15 months’ away. In a one-off special 2020 Vision panel at yesterday’s Maritime CEO Forum in Hong Kong, owners,...
https://splash247.com/maritime-ceo-forum-sulpur-cap-like-playing-poker-blind-with-half-the-cards/
CSIC Offshore Wind Power Engineering & Technology, the offshore engineering unit of Chinese shipbuilding giant CSIC, has placed an order at Shanhaiguan Shipbuilding Industry for the construction of a wind turbine installation platform. The construction of the platform is expected to be completed in...
Glory Maritime International, a new shipping company set up by Hong Kong shipowner John Koo, has officially signed shipbuilding contracts with China’s Wuhu Shipyard for the construction of up to ten 63,500 dwt ultramax bulk carriers. The contract includes firm orders for four ships and options for...
https://splash247.com/john-koo-re-enters-shipping-with-ultramax-order-at-wuhu-shipyard/
Chinese state-run bulk entity Shandong Shipping has ordered five firm 180,000 dwt capesizes at Shanghai Waigaoqiao Shipuilding, according to Clarkson Research. The contract comes with options for five more capes and marks a very significant expansion for Shandong Shipping. The ships are due for...
https://splash247.com/shandong-shipping-orders-up-to-10-capes/
I am somewhat bemused by news headlines here in Australia and abroad that China’s response to the US shows a weakness, particularly pointing to the tariffs on LNG as an own goal of sorts. Furthermore, with some suggesting that business will relocate their businesses out of China as trade relations...
https://splash247.com/chinas-clever-tariff-tiff-with-the-us/