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Yangzijiang Shipbuilding sells non-core subsidiary businesses

Yangzijiang Shipbuilding sells non-core subsidiary businesses

Shanghai: Yangzijiang Shipbuilding (Holdings) has restructured and divested its non-core property subsidiaries to focus on shipbuilding and its related businesses. Singapore-listed Yangzijiang has disposed of all its equity interests in the registered capital of Taizhou Hengjian Real Estate, Shanghai Jiaxuan Hotel Management, plus Changzhou Green Field Quint Real Estate and its subsidiary Changzhou Green Field Chanson Real Estate, the company said in a filing today.

Oil tankers facing multiple challenges

Oil tankers facing multiple challengesDalian: China’s oil tankers are facing the same difficult situation like bulkers and container ships although the oil demand keeps increasing, said Kong Fanhua, deputy director of the shipping department of Cosco Dalian, speaking ...

Jutal wins construction contract

Jutal wins construction contractHong Kong: Jutal Offshore Oil Service announced that Penglai Jutal Offshore Engineering Heavy Industries, an associate company of the group, has been awarded a contract to build an offshore jacket for an offshore natural gas project...

Tianjin port invests in equipment and expansion

Tianjin port invests in equipment and expansionDalian: Tianjin Port Development has announced that several subsidiaries of the company have inked purchase agreements for port machinery, including a 40t-43m portal crane at a price of RMB14.81m, two 12t-33m portal cranes at a pric...

ICBC Leasing enters wind power installation vessel sector

ICBC Leasing enters wind power installation vessel sectorShanghai: ICBC Leasing, the financial leasing arm of state-run bank ICBC, has signed a framework agreement with Germen owner Schulte Group to cooperate on the financing of containerships and wind power installation vessel. The tw...

Taizhou Port to spend RMB1bn on infrastructure

Taizhou Port to spend RMB1bn on infrastructureShanghai: Taizhou Port is investing RMB1bn on port infrastructure as part of its port development plans. The investment will be used to expand two existing 5,000dwt berths, and build two 30,00dwt oil berths, one 5,000dwt oil bert...

ICBC favours big companies

ICBC favours big companiesDalian: ICBC, one of the biggest state-owned banks in China, has made plain its preference for supporting larger shipping companies, and has warned it is likely to give up supporting smaller ones. “As the shipping industry and ...

Accident at Chengxi Guangzhou Shipyard, one dead

Accident at Chengxi Guangzhou Shipyard, one deadGuangzhou: A worker at CSSC Chengxi Guangzhou Shipyard fell off some scaffolding during maintenance work on a ship and died after he was sent to hospital. Local government has suspended the operation of the shipyard and is currentl...

Many Chinese ship recyclers facing bankruptcy

Many Chinese ship recyclers facing bankruptcyBeijing: Many ship recyclers in China are likely to go bankrupt in the coming 12 months the head of the nation’s ship recycling association has warned. Speaking with our sister site, Maritime CEO, Xie Dehua, president of the China...

Sinotrans & CSC Shipbuilding maintains bulker focus

Sinotrans & CSC Shipbuilding maintains bulker focusDalian: Sinotrans & CSC Shipbuilding Industry Corporation, the shipbuilding division of state run shipping giant Sinotrans & CSC, is putting its focus on a specific market segment to deal with the depressed shipbuilding market. A...

Call to expand shipbuilding capabilities

Call to expand shipbuilding capabilitiesDalian: China should expand its traditional shipbuilding industry and develop more types of ship to build, said Fang Shujia, deputy board chairman of China's Society of Naval Architecture and Marine Engineering.

MHI-MME signs license agreement with Chinese propeller manufacturer

Shanghai: Mitsubishi Heavy Industries Marine Machinery & Engine (MHI-MME), an affiliate company of Japan’s Mitsubishi Heavy Industries (MHI), has concluded a licensing agreement with Changzhou Zhonghai Marine Propeller Co (CZZH) under which MHI-MME...

China Shipowners’ Association warns Maersk and MSC: ‘Competition is needed’

Dalian: After China voted against the P3 alliance of the world’s largest containerlines, the industry is waiting to see what Beijing has to say on 2M, the vessel sharing agreement between Maersk and MSC. The powerful China Shipowners’ Association...

Blue Island Offshore wins Yamal subcontract

Shanghai: Shanghai Taisheng Wind Power announced that its subsidiary Nantong Blue Island Offshore has signed a subcontract with Sinopacific Offshore for the construction of Yamal FWP4 module. Blue Island Offshore will build the steel structure par...

Bulker sinks on Yangtze

Shanghai: A bulk carrier, Kui Xia 609, sank on the Yangtze River yesterday due to its hull collapsing near Yichang of Hubei. The vessel was carrying about 5,000 tons of titanium ore from Chongqing to Zhenjiang. All the 10 crewmembers onboard have ...

ZPMC inks wind power installation vessel

Shanghai: Shanghai Zhenhua Heavy Industries (ZPMC) has signed shipbuilding contract with Chinese company CCCC Third Harbor Engineering for the construction of a wind power installation vessel. The vessel has a capacity of 1,000 tons and is equippe...

China overtakes Singapore in jack-up rig construction

Shanghai: China has overtaken Singapore as the world’s biggest builder of jack-up rigs, with 47% of the global orderbook compared to Singapore’s 33%. Between 2000 and 2010, yards in Singapore built 55% of global deliveries of jack-up rigs, acc...

ABB targets Chinese yards

Dalian: ABB, a global leader in power and automation technologies, is working on promoting the MNS iS Motor Control Center System to China’s shipbuilding industry. MNS iS Motor Control Center System delivers all the functions for control, prote...

New CANSI boss outlines priorities

Dalian: China’s shipbuilding Industry is facing a structural change with the recently released shipbuilding “white list” by the government, Guo Dacheng, president of China Association of National Shipbuilding Industry (CANSI) told SinoShip News...

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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. 

As well as a daily news wrap, this site contains a weekly 'In Focus' section which is a more in depth feature plus you can read the latest issue of SinoShip magazine by clicking the magazine cover below. 
 
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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>>