VESSEL REFIT | Haigang Zhiyuan – Chemical tanker re-enters service as China’s first methanol bunkering ship

Haigang Zhiyuan, the Port of Shanghai's newest methanol bunkering ship

Zhoushan Putuo Changhong Shipyard in China has completed conversion works on a locally-owned chemical tanker to enable it to operate as a bunkering vessel that will serve ships running on methanol. Haigang Zhiyuan (海港致远) is classed by China Classification Society (CCS), which said the vessel is the...

Shanghai Jinjiang Shipping expands Vietnam offerings

Shanghai Jinjiang Shipping (SJS), primarily a domestic Chinese liner operator, has joined other carriers in enhancing its Vietnam services.

The company, a subsidiary of Shanghai International Port Group, has purchased slots from Maersk Line’s intra-Asia unit, Sealand, on services IA98, IA68 and IA2 so that it can carry cargoes between China, Vietnam, Japan, Thailand and Hong Kong.

SJS’s participation in the IA98 service is limited to the loop connecting Shanghai with Bangkok, Laem Chabang and Ho...

China To Increase The Supply of Containers for This Reason

China will increase the supply of containers and tighten monitoring of the shipping market to further stabilize the rising logistics costs in international trade, says an article published in ChinaDaily.


Gao Feng

Gao Feng, a spokesperson for the Ministry of Commerce, said during a news conference that“shipments from China have played a vital role in stabilizing global supply chains and sustaining the global economy.”

However, some countries have been facing logistics issues due to the...

Cosco Shipping to sell port assets to SIPG

China Ocean Shipping Company (COSCO) subsidiary Cosco Shipping Ports has signed an agreement with Shanghai International Port Group (SIPG) for the sale and purchase of its port assets.

In a regulatory disclosure to Hong Kong Stock Exchange (HKEX), Cosco Shipping Ports said that it will sell its indirect stakes in Nanjing Longtan Terminal, Yangzhou Yuanyang Terminal and Zhangjiagang Terminal in a transaction valued at around RMB1.06bn ($150m).

The company said: “Cosco Shipping Ports will cease to...

GSBN launched to ‘accelerate the digital transformation of the shipping industry’

Cosco, Hapag-Lloyd and CMA CGM have come together with terminal operators to form a new digital shipping initiative – the Global Shipping Business Network (GSBN).
It is described as a “not-for-profit joint-venture to accelerate the digital transformation of the shipping industry”.
Other signatories to the services agreement, now heading to regulators for antitrust clearance, include Cosco Shipping Ports, Hutchison Ports, Cosco subsidiary OOCL, the port of Qingdao, PSA International and Shanghai...

CargoSmart and shipping leaders launch blockchain initiative

Leading global shipment management software solutions provider, CargoSmart, announced the execution of Global Shipping Business Network (GSBN) Services Agreements with maritime industry operators CMA CGM, COSCO SHIPPING LINES, COSCO SHIPPING Ports, Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA International and Shanghai International Port Group. Under these agreements, each signatory commits to provide resources to support preparatory work required to establish the GSBN, a...

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