China Shipping

China shipping and shipbuilding coverage – yard capacity, port operations, COSCO fleet moves, Sino-U.S. tariff effects, and state-owned fleet expansion.

Tuesday, September 4, 2012
Clinton Presses Chinese Officials on Maritime Dispute Diplomacy
Uncategorized

Clinton Presses Chinese Officials on Maritime Dispute Diplomacy

(Bloomberg) — U.S. Secretary of State Hillary Clinton arrived in Beijing on a mission aimed partly at prevailing on China and Southeast Asian nations to

September 4, 2012
Total Views: 25

Thursday, August 30, 2012
shutterstock money vortex black hole decline finance
Finance

China COSCO CEO Cheerless After Posting First-Half Net Loss of $766.9 Million

HONG KONG–The head of shipping giant China Cosco Holdings Co. (601919.SH) on Thursday cast a downbeat light on the shipping industry, saying the current

August 30, 2012
Total Views: 81

Wednesday, August 29, 2012
cscl venus
News

Losses Widen at China Shipping

SHANGHAI–China Shipping Container Lines Co. (2866.HK), the country’s largest container shipper by capacity, said Wednesday its net loss for the

August 29, 2012
Total Views: 75

Tuesday, August 28, 2012
coal digger mining machine excavator
News

Chinese Coal Imports Set to Drop

China, the world’s biggest coal consumer, is poised to reduce imports of the commodity from Australia after the gap with domestic prices narrowed,

August 28, 2012
Total Views: 156

Wednesday, August 22, 2012
iron ore bulk carrier
News

Iron Ore Trade Set to Pick Up as China Seeks Cheaper Imports

A plunge in iron ore prices and shipping costs means it’s cheaper for Chinese steel mills to buy the material from Brazil more than 8,000 nautical miles

August 22, 2012
Total Views: 47

Wednesday, August 15, 2012
HHLA port of hamburg container terminal shipping
News

As Europe’s Debt Crisis Expands into China, Hamburg Starts Feeling the Impact

(Bloomberg) — Growth in Hamburg is stalling as Europe’s fiscal crisis spreads into China and other Asian countries, threatening the recovery of

August 15, 2012
Total Views: 155

Wednesday, August 8, 2012
Chinese Shipbuilder Cancels Eight Orders
Engineering News

Chinese Shipbuilder Cancels Eight Orders

SHANGHAI—One of China’s largest shipbuilders said Wednesday that it canceled eight shipbuilding contracts during the second quarter because

August 8, 2012
Total Views: 34

Tuesday, August 7, 2012
Cheap Iron Ore Is Helping to Curb Losses of Deep Sea Shippers
News

Cheap Iron Ore Is Helping to Curb Losses of Deep Sea Shippers

(Bloomberg) — The cheapest iron ore in 31 months and the lowest shipping costs on record are poised to increase the number of cargoes going to China,

August 7, 2012
Total Views: 28

Thursday, August 2, 2012
iran sanctions iranian embargo
News

Sanctions Cost Iran $133 Million Per Day Even As China Ramps up Persian Imports

(Bloomberg) — U.S.-led sanctions against Iran are costing OPEC’s third-largest producer $133 million a day in lost sales without raising global

August 2, 2012
Total Views: 42

Wednesday, August 1, 2012
COSCO Guangzhou RaBoe
News

COSCO Anticipates a Difficult and Challenging Year as Revenue Falls

SINGAPORE–Cosco Corp. Ltd. (F83.SG) said Wednesday its net profit in the fiscal second quarter fell 13% as revenue from its shipyard operations fell and

August 1, 2012
Total Views: 27

Tuesday, July 31, 2012
aker arctic china icebreaker
Engineering News

China Looks to Break the Ice with New Research Vessel

To meet the increased need of polar scientific research,  China’s State Oceanic Administration (SOA), Chinese Arctic and Antarctic Administration

July 31, 2012
Total Views: 257

vale china vloc rongsheng heavy industries
Engineering News

Rongsheng Heavy Faces Even Tougher Times, Market Value Has Fallen by Over $5 Billion

(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd., which hasn’t announced any 2012 ship orders, may find winning deals even harder

July 31, 2012
Total Views: 175

Monday, July 30, 2012
Tsuru coal carrier
News

Panamax Bookings Take a Dive as Chinese Coal Demand Softens

(Bloomberg) — The number of cargoes booked on Panamax bulk carriers, the largest to transit the Panama Canal, slumped 33 percent in July amid slowing

July 30, 2012
Total Views: 59

lng terminal chicksans articulating arms
News

China Plans to Triple LNG Consumption in the Near Future

(Bloomberg) — China National Offshore Oil Corp. won government approval to build another liquefied natural gas terminal in southern China’s

July 30, 2012
Total Views: 33

Thursday, July 26, 2012
Valemax Troubles Persist

Valemax Troubles Persist

RIO DE JANEIRO–Brazilian mining giant Vale SA (VALE, VALE5.BR) continues to negotiate for access to Chinese ports for its Valemax large iron-ore

July 26, 2012
Total Views: 45

China’s Shipbuilding Slump “Pretty Depressing”
Engineering News

China’s Shipbuilding Slump “Pretty Depressing”

(Bloomberg) — China has too many ships. The glut has pushed new vessel prices to eight-year lows and caused a 49 percent plunge in first-half orders at

July 26, 2012
Total Views: 83

Tuesday, July 24, 2012
Is CNOOC Buying Into The Gulf of Mexico?
Offshore

Is CNOOC Buying Into The Gulf of Mexico?

While Cnooc Ltd.’s (CEO, 0883.HK) $15.1-billion takeover offer for Nexen Inc. (NXY.T, NXY) would give the Chinese energy producer operational control of

July 24, 2012
Total Views: 171

Saturday, July 21, 2012
vlcc supertanker crude oil tanker lightning stormy seas
News

102.5 Million Barrels of Oil Are Enroute to China, Right Now

(Bloomberg) — Crude-oil shipments aboard supertankers bound for China fell 2.5 percent this week, according to ship-tracking data compiled by Bloomberg.

July 21, 2012
Total Views: 71

Thursday, July 19, 2012
vietnam indian flags india petrovietnam ongc
News

India’s ONGC Will Continue to Explore Offshore Vietnam, Much to China’s Discontent

NEW DELHI–India’s state-run Oil & Natural Gas Corp. (500312.BY) will continue to explore for oil and gas offshore Vietnam in the South China

July 19, 2012
Total Views: 82

Wednesday, July 18, 2012
chinese guided missile frigate
News

Hijacked Crew of Fishing Vessel Rescued After 18 Months of Pirate Control

(Bloomberg) — China secured the release of a 26- man crew aboard a Taiwanese fishing boat that was captured by Somali pirates more than 18 months ago,

July 18, 2012
Total Views: 43