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Tag: China


Shipping

Chinese shipbuilder begins construction of 295-meter LNG carrier

March 28, 2024

Via: Offshore Energy

The steel-cutting ceremony for the 174,000 m3 LNG carrier H1909A of PetroChina International was held at Hudong-Zhonghua Shipbuilding on March 4. This carrier is of the second series in the LNG Phase III project of COSCO and PetroChina, part of […]


Shipping

China’s BYD lands auto shipment in car powerhouse Germany

February 26, 2024

Via: Tech Xplore

Thousands of cars from China’s BYD rolled off a ship in the German port of Bremerhaven on Monday, as the world’s biggest electric carmaker brought its challenge directly to Europe’s auto making powerhouse. The delivery was made by the BYD […]


Shipping

US container imports from major Asian countries increase in January

February 14, 2024

Via: Container News

Container volumes from ten major Asian countries to the United States reached 1.65 million TEUs in January, marking a 15.6% increase compared to the previous year, while overall US imports amounted to 2.27 million TEUs, showing a 9.9% year-on-year growth. […]


Shipping

Clarksons: 2023 a positive year for shipping as China delivers 50% of shipbuilding output

January 5, 2024

Via: Offshore Energy

The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the newbuilding orderbook demonstrates a measured 3% year-on-year increase, standing at 126 million compensated gross tons (CGT). […]


Shipping

Why dry bulk owners have cause for optimism

October 26, 2023

Via: Splash 247

China’s steel sector remains in the doldrums as “market players are taking a fence-sitting attitude” after the Golden Week holiday according to analysts at ChinaSteel. Iron ore prices have stabilised a few dollars either side of $120 per tonne. Yet […]


Impact & Regulations

China presents country’s first marine methanol fuel bunkering standards

September 29, 2023

Via: Offshore Energy

The standards, ‘Marine Methanol Fuel Waterborne Refuelling Regulations’ and ‘Marine Methanol Fuel,’ were initiated by China Marine Bunker (CHIMBUSCO), a shipping service company under COSCO Shipping. COSCO noted that apart from the release of the new standards, China Classification Society […]


Impact & Regulations

China Leading Iron Ore Imports in 2023

September 5, 2023

Via: Hellenic Shipping News

Сhina’s iron ore imports have increased so far in 2023, helping sustain dry bulk market rates. In its latest weekly report, shipbroker Banchero Costa said that “2023 has been so far a positive year for global iron ore trade. In […]


Shipping

Shipping faces fallout as China’s post-COVID rebound falls flat

June 29, 2023

Via: FreightWaves

A strong Chinese economy creates a virtuous cycle for ocean shipping. The manufacture of goods fills container ships and car carriers on the way out, and directly or indirectly drives demand for bulk commodities that fill bulkers and tankers on […]


Impact & Regulations

US Challenges China’s EV Supply Chain

March 28, 2023

Via: Transport Topics

Seven months after President Joe Biden signed the Inflation Reduction Act into law, the magnitude of the challenge it will be for the U.S. to loosen China’s grip on the electric vehicle supply chain — a key objective of the […]


Shipping

Report: Chinese tanker splits in half after explosion, two missing

January 12, 2023

Via: Offshore Energy

According to the Chinese media reports, the Beihai Rescue Bureau of the Ministry of Transport received a notification from the Shandong Provincial Maritime Search and Rescue Center that an explosion occurred on an empty oil tanker in the Rizhao sea […]


Shipping

Shipping hit by soaring cases of covid in China

December 23, 2022

Via: Splash 247

Ships are backing up along the Chinese coastline as soaring cases of covid take out port staff. With China easing its strict zero-covid policies this month, hundreds of thousands of citizens have been struck down by the illness. Beijing continues […]


Shipping

China’s outbound container volumes take another step down

November 23, 2022

Via: FreightWaves

Daily ocean container departures from China to all ports globally have taken another step down, according to data in FreightWaves SONAR Container Atlas, falling to minus-22% year over year on Wednesday. Ocean container departures from China mounted a recovery following […]


Shipping

The plunge in dry bulk shipping: Ominous signal on China’s economy?

August 16, 2022

Via: FreightWaves

It wasn’t just container shipping that raked in the cash last year. Dry bulk shipping enjoyed its best year in a decade. This year is different. Container shipping spot rates have fallen, but contract rates are up, supporting average rates. […]


Impact & Regulations

Senators Call for Sanctions on Russian Oil Sales to China

July 27, 2022

Via: Transport Topics

Sen. Marco Rubio (R-Fla.) wants the U.S. to sanction China’s purchases of oil and other energy supplies from Russia in an effort to cut off funding for that country’s war against Ukraine. China’s imports of Russian crude have surged this […]


Shipping

Shipping Boom Expected After Shanghai Reopening

June 8, 2022

Via: Transport Topics

China’s shipping industry is bracing for an uptick in demand and freight costs as manufacturing activity in Shanghai roars back to life after the city’s return to normal starting June 1, the South China Morning Post reported. Although the Port […]


Shipping

COVID dominoes fall in China; air and sea shipments delayed

January 10, 2022

Via: FreightWaves

Import and export operations in Tianjin are slowing after a small cluster of COVID cases was discovered over the weekend, according to third-party logistics providers in China. Meanwhile, in Shenzhen, authorities are blaming a contaminated import shipment infecting a cargo […]


Vehicles

Tesla Could Rise 30% Next Year on China Demand

December 28, 2021

Via: Transport Topics

Tesla Inc. is in a strong position heading into 2022, with catalysts including robust Chinese demand and new factory openings in the U.S. and Germany, according to Wedbush. Shares in the electric vehicle maker could gain nearly 30% over the […]


Shipping

No relief from ‘ridiculously expensive’ container shipping rates

October 28, 2021

Via: FreightWaves

“Cost of shipping between the U.S. and China plunges” blared a headline in early October, citing a reported halving of rates in a matter of days. Was this the beginning of the end of sky-high trans-Pacific shipping costs, the onset […]


Shipping

Airbus to expand freighter conversion lines to US, China

October 19, 2021

Via: FreightWaves

Airbus plans to open by year’s end a production line in the U.S. for converting used A321 passenger jets into freighters as part of an expansion strategy that will triple output by 2024 for the narrowbody aircraft and the larger […]


Shipping

Container ships now piling up at anchorages off China’s ports

September 24, 2021

Via: FreightWaves

There are over 60 container ships full of import cargo stuck offshore of Los Angeles and Long Beach, but there are more than double that — 154 as of Friday — waiting to load export cargo off Shanghai and Ningbo […]