Tag: China
Newbuilding orders at Chinese shipyards up 43% in H1
In the first half of 2024, Chinese shipbuilding yards received an impressive 55.22 million dwt of newbuilding orders, marking a significant 43.9% year-on-year increase. This surge was largely driven by a high volume of tanker orders, including VLCCs, and a notable resurgence in container ship orders. The influx of new contracts has boosted the total…
Capacity across big three shipbuilding nations leaps 20% in a year
Across China, shipyards are expanding and churning out ships on a scale not seen since 2008. The shipyard sector has entered a new golden age after more than a decade’s slump following the global financial crisis. In terms of newbuilding capacity, the latest estimate from broker Arrow puts shipbuilding capacity across the big three builder…
ADNOC L and S joint venture awards $1.9bln contract to Chinese shipbuilder
ADNOC Logistics and Services (ADNOC L&S) said AW Shipping, its joint venture with Wanhua Chemical Group, has awarded shipbuilding contracts worth 7 billion dirhams ($1.9 billion) to Jiangnan Shipyard in China. The contracts include the construction of nine Very Large Ethane Carriers (VLECs) priced at $1.4 billion and two Very Large Ammonia Carriers (VLACs) priced…
SulNOX scores in Indonesia with major patent
SulNOx, a green fueltech company active in shipping, mining, and road transport, has been awarded a valuable patent in Indonesia. The UK-listed company, which aids industries in reducing emissions, lowering fuel costs, and meeting sustainability targets, now adds Indonesia to its list of patented regions, which includes the US, Europe, Eurasia, Georgia, South Africa, Hong…
The Ambassador of Cyprus to China Ms. Frances Lanitou and Her Delegation Visited China Classification Society (CCS)
On June 19, Ms. H.E. Frances Galatia Lanitou Williams, the Ambassador of Cyprus to China, along with her delegation and Mr. Marios Stavrou, Deputy Director of the Embassy of Cyprus in China, visited the China Classification Society (CCS). During the visit, both parties reflected on their longstanding friendly relations and cooperation. They engaged in in-depth…
PPG confirms 40 per cent reduction in coating overspray using electrostatic application
PPG announced that the EDR Antwerp shipyard achieved a 40 per cent reduction in overspray with the electrostatic application of PPG SIGMAGLIDE® 2390 fouling release coating. The project was carried out on the underwater hull of the RoRo passenger vessel Stena Transporter from Stena Line and is the second successful electrostatic application project for EDR.…
Russia’s first Pacific LPG terminal to open next year with financing from China
In a significant shift eastward in its energy strategy, Russia is set to open its first liquefied petroleum gas (LPG) terminal on the Pacific Ocean coast, with joint investments from China, by the end of 2025. During Russian President Vladimir Putin’s recent visit to Beijing, the Russian Direct Investment Fund (RDIF) finalized a deal with…
Russia Teams with China for Development of the Northern Sea Route
Russia is seeking Chinese collaboration to enhance the development of its Northern Sea Route (NSR). During a state visit to the Chinese city of Harbin, Rosatom’s head, Alexei Likhachev, briefed President Putin on the formation of a Russian-Chinese sub-commission dedicated to this initiative. “A decision has been made to establish a joint commission for the…
BHP says it aims to receive first ammonia-fuelled bulk carrier in 2026
Australia’s BHP Group is planning to receive its first ammonia-fueled bulk carrier in 2026 as part of the company’s plans to cut shipping emissions, a senior executive said. The global mining giant has shortlisted eight companies for the building, operation and fuel supply for at least one such vessel, Rashpal Singh Bhatti, vice president of…
China State Shipbuilding Corp wins world’s first ammonia-powered container ship order
China State Shipbuilding Corp has obtained an order to sell its ammonia powered container ships to Belgian ship owner CMB.Tech, according to the China Ship News. The deal marks another important breakthrough for the global shipping industry in the field of powering ships with clean energy sources, and is a milestone in leading global shipbuilders…
