Rongtua Shipping Group, a Singapore-based logistics company which mainly operates business in China, has entered the shipowning business with an order for two 61,000 dwt bulk carriers at Jiangsu Dayang Shipbuilding. The two vessels will be used for the company’s river-sea intermodal transport...
https://splash247.com/rongtua-shipping-enters-shipowning-with-dayang-ultramax-orders/
The Australian government has warned China is at “peak steel” this year, with steel output set to decline from next year. Chinese steel production is “forecast to peak in 2018,” Australia’s Department of Industry, Innovation & Science said in a quarterly report this week. After topping out at 886m...
A small general cargo ship belonging to Taiwan’s Elite Marine Transportation sank yesterday off the southwest of the island and authorities are warning ships in the area to look out for floating containers south of the Penghu archipelago. The ship, , developed a heavy starboard list on Tuesday...
The merits of being either a private or public company dominated much of the discussion during the dry bulk panel at this week’s Maritime CEO Forum in Hong Kong. An all-star lineup of top dry bulk owners took to the stage, moderated by Mandarin Shipping’s Tim Huxley for a lively debate. Mats...
https://splash247.com/maritime-ceo-forum-private-versus-public-dominates-dry-bulk-debate/
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...
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/
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/
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...
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/
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/