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Rebrand and new focus for Rongsheng

Rebrand and new focus for Rongsheng

Hong Kong: As is common for Chinese firms that have suffered embarrassing financial setbacks, a famous name in shipbuilding is mulling a change in brand and focus. China Rongsheng Heavy Industries, the largest private shipbuilder in China, is considering changing its name to China Huarong Energy Company.

Workers at Jiangzhou yard unpaid for nearly a year

Workers at Jiangzhou yard unpaid for nearly a year Shanghai: Jiangxi Jiangzhou Union Shipbuilding, an affiliated shipyard of Hong Kong-listed China Ocean Shipbuilding Industry Group, hasn’t paid salaries to employees for almost a year, Jiangxi local media reported. Staff at the...

Shanghai Bestway inks design contract for salvage barge

Shanghai Bestway inks design contract for salvage bargeShanghai: Shanghai Bestway Marine Engineering Design Co announced that it has signed contracts with Guangzhou Salvage Bureau of the Ministry of Transport for the design of two semi-submersible salvage engineering barges. The vess...

CNOOC Engineering funds deepwater project

CNOOC Engineering funds deepwater projectBeijing: CNOOC Engineering announced that the company plans to increase RMB100m in capital to its Zhuhai subsidiary for its Zhuhai deepwater offshore engineering equipment manufacture project. The capital injection is to help the...

Oriental Energy clinches another three VLGC charter contracts

Oriental Energy clinches another three VLGC charter contractsShanghai: Chinese energy firm Oriental Energy has announced that it has signed a 10-year time charter contract with Petredec for three 84,000 cu m VLGCs, taking the company’s VLGC fleet to 13 vessels. The annual charter rate fo...

Rizhao launches giant oil terminal

Rizhao launches giant oil terminalDalian: Rizhao port has launched a 300,000 tons-class crude oil terminal. The operation of the new terminal will abring Rizhao’s annual crude oil handling capacity to nearly 40m tons. As part of the expansion, Rizhao port will ...

Herun signs finance deal for newbuild bulkers

Herun signs finance deal for newbuild bulkers Shanghai: Multi-sector private company Herun has inked strategic a cooperation and finance leasing agreement with CSSC (Hong Kong) Shipping and AVIC Leasing for four 180,000dwt bulk carriers. The company ordered the four vessels ...

Dalian Port to fund overseas subsidiary

Dalian Port to fund overseas subsidiaryDalian: Dalian Port Group has announced that it will offer an internal loan of RMB300m to its overseas subsidiary Asia Pacific Ports Development Co (APPD). APPD is incorporated in the British Virgin Islands and is mainly engaged ...

New LNG entrant

New LNG entrantShanghai: Hong Kong-listed China Ocean Shipbuilding Industry Group is linking up with Jianglian Heavy Industries to build LNG related infrastructure including ships, containment systems, LNG fuelling stations and LNG bunker barges. ...

Hantong inks world’s first CNG vessel

Hantong inks world’s first CNG vesselShanghai: Jiangsu Hantong Ship Heavy Industry announced that it has signed with CIMC Enric Shijiazhuang Gas for the world’s first CNG vessel. The vessel is designed by CIMC and will be classified by ABS and BKI. It will be mana...

Shandong Huahai vessel to be auctioned

Shandong Huahai vessel to be auctionedDalian: Qingdao Maritime Court has announced that it will auction a 36,000dwt vessel, Huahai 1001, which is currently under construction at Shandong Huahai Shipbuilding, on November 28. Shandong Huahai Shipbuilding and Yantai Pac...

CDIG sells newbuild bulker

Dalian: Shenzhen-listed China Dalian International Economic and Technical Cooperation Group (CDIG), a multi-sector state-run group, announced that the board has agreed for its subsidiary Dalian CDIG (Singapore) Investment to sell a 64,000dwt bulker H...

TCC aids green ship design breakthrough

Hong Kong: Kenneth Koo, the chairman of Hong Kong’s Tai Chong Cheang Steamship, has long been a pioneer of novel ship design tweaks. His company has now supported researchers at the University of Southern California (USC) Viterbi School of Engineer...

Zhenhua eyes high-end offshore market

Dalian: Shanghai Zhenhua Heavy Industries, the leading Chinese port machinery manufacturer, is planning to give priority to the development of high-end offshore products, such as offshore drilling platforms, offshore engineering vessels and offshore ...

Bocimar cancels further six at Weihai Samjin

Dalian: Belgian owner CMB Group announced that its affiliated company Bocimar has decided to cancel a further order for six bulkers at the yard following the cancellation of four bulkers due to the bankruptcy of the yard. The advances paid for all...

Tianjin Marine issuing shares

Dalian: Tianjin Marine Shipping announced that the company has received approved to issue 3.448bn new shares. The raised fund is expected to be used to add new capacity and diversify the fleet.

Two Chinese bulkers detained in Mexico

Shanghai: Two Chinese bulker carriers have been detained at two Mexican ports for nearly six months as Mexican customs suspected that the ships might carry illegal cargo, Chinese local media reported. One of the ships, Best Vision, owned by Jiaxin...

Nangang adds three berths

Dalian: Tianjin Nangang Industry Zone is going to add three berths and start operations by the end of this year. The three berths will be used for liquid chemical products handling when completed.

Jovo buys LNG from Qatar

Doha: Emblematic of Beijing’s push to widen up the LNG supply chain to private players, Qatargas has sold its first liquefied natural gas (LNG) cargo to Jovo LNG Storage and Transportation Company, a Chinese independent LNG importer. The 64,000 ...

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Introduction

SinoShipNews is part of SinoShip, the hub for all things China maritime – whether it be hard copy, online, data or events. 

Our stated goal is simple – to be the global platform for Chinese shipping. 

With 12 correspondents across six cities in Greater China, SinoShip is the best placed media source to report on China's fast evolving maritime scene. Our network includes journalists in Beijing, Shanghai, Hong Kong, Taipei, Dalian and Guangzhou. 

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Autumn 2014
Summer 2014

In Focus

Do we need a new canal?

Andy Lane and Charles Moret from Container Transport International Consultancy on the merits of the Chinese-funded Nicaragua Canal

Do we need a new canal?

As controversy and speculation continues to surround the planned Nicaragua Inter-Oceanic Canal, we take a closer look at what this might mean to container shipping if it does in fact go ahead as planned with construction potentially starting later this year.

 

Canals - Profitable Business

In 2013, Panama Canal earned more than $1.8bn from ship tolls, of which around $1.4bn was the net contribution to the state of Panama, a highly profitable business. Of the total of 12,045 transits recorded in 2013, 26% (3,103) were made by container vessels, contributing a massive 52% of the total ACP revenue.

 

Liner Network Complexity

A container line’s network is highly complex, with multiple crossing rotations exchanging cargo between each other as they travel end to end in their respective routes. With canal passages being extremely expensive, lines make good use of transhipment points at the ends of canals, where they consolidate volumes to obtain maximum utilisation of the fewest possible ships which they need to transit canals to create their end-to-end products.

Designing a network based on two canals within the same region would mean a quantity of containers requiring an additional transhipment, adding both cost and also time to the product, so ideally a line (or alliance) will use just one.

 

Liner routes requiring a Central American canal transit

Presently the largest (by volume) is the Asia-US East Coast, followed by Europe-US West Coast trades, and these services will be able to gain some significant sailing distance reductions through using Nicaragua. The more emerging trades of West Coast Latin America to US East Coast and Europe are by contrast better routed through Panama. The vessel size, and thereby costs of the East-West routes o ...   More>>