Tag: China
China Shipbuilding Industry’s First Methanol-Fueled Ultramax Bulk Carrier Receives ABS Approval
Lemissoler Navigation Ltd. and Shanghai Merchant Ship Design and Research Institute (SDARI) received ABS approval in principle (AIP) for its design of a 65K DWT methanol-fueled ultramax bulk carrier, the first such methanol vessel for China’s shipbuilding industry. “ABS understands and is deeply involved in supporting clients with decarbonization solutions. Getting to net zero by…
China Shipbuilding Industry’s First Methanol-Fueled Ultramax Bulk Carrier Receives ABS Approval
(SHANGHAI) Lemissoler Navigation Ltd. and Shanghai Merchant Ship Design and Research Institute (SDARI) received ABS approval in principle (AIP) for its design of a 65K DWT methanol-fueled ultramax bulk carrier, the first such methanol vessel for China’s shipbuilding industry. “ABS understands and is deeply involved in supporting clients with decarbonization…
Solar And Wind Power Generation Begins At Finished-Vehicle Logistics Terminal At Port Of Tianjin, China Toward The Realization Of An Eco-Friendly Green Terminal
Two wind turbines have started operation at a finished-vehicle logistics terminal operated by an NYK affiliate company at the port of Tianjin, China. Together with the terminal’s solar power system, which has been in operation since March 2022, the new facility will be able to supply all the electricity needed by the finished-vehicle logistics terminal…
LNG bunker vessel, Alice Cosulich sets sail for Europe from Qidong, China
LNG bunker vessel, Alice Cosulich has set sail for Europe from Qidong, China. The Fratelli Cosulich-owned, 8,200Cbm capacity vessel is on a long-term time charter agreement to Titan, the independent supplier of clean fuels. Alice Cosulich will be operational in Europe from early December 2023 and will be immediately busy facilitating supply. The bunkering vessel…
Record Attendance Highlights ABS Leadership in China
Transformational Technologies and the Evolving Regulatory Landscape Headline ABS Greater China National Committee (CHENGDU) More than 75 chief executives of Chinese shipping and shipbuilding companies attended the annual ABS Greater China National Committee to learn more about the future of maritime technologies, sustainability services, market trends and regulations. ABS is…
Monthly tonnes of grain from Brazil to China with Panamax vessel class surpassed volumes of the previous years
The last week of October witnessed a downward trend in the Capesize freight market momentum, while the smaller vessel segments experienced a relative flat momentum. Meanwhile, the grain flows from Brazil to China with the Panamax vessel class recorded a significant surge in October that supported a firmer momentum for Panamax vessel freight rates (as…
Will India Become the New “China” for the Dry Bulk Market?
India’s coal demand has the potential to become the new “China’s iron ore demand”, when it comes to generating more shipping demand for dry bulk carriers. Is that the case though and will such a scenario materialize? In its latest weekly report, shipbroker Intermodal said that “shifting our focus away from Chinese demand and directing…
China Retains Crude Oil Import “Crown”
China remains the biggest importer of crude oil in the world, marginally ahead of the E.U. In its latest weekly report, shipbroker Banchero Costa said that “China’s crude oil imports so far has been another positive period for crude oil trade, despite the high oil prices and risks of economic recession. In Jan-Sep 2023, global…
Upward revision of the monthly volume of dirty oil flows to China since the beginning of September
The third week of October saw a noticeable improvement in market sentiment in the crude oil freight sector. At the same time, we have observed an increase of rates in the clean tanker segment. This upswing can be attributed to the new geopolitical crisis between Iran and Israel, which has led to a significant level…
Capesize tonne days growth from Brazil to China reaches new high, surpassing last year’s growth
The third week of October witnessed robust Capesize Brazil to China freight rates, as indicated in the chart above. Furthermore, the demand in tonne days exhibited a noteworthy surge in recent days. Nevertheless, the recent uptick in the number of ballasters presents a downward pressure to the latest recovery signs. On Monday, the price of…
