• 2024 February 28 16:25

    China's shipbuilding industry grows in 2023 under US sanctions

    The research commissioned by the Chinese Academy of Engineering, an official assemblage of top Chinese engineering and technology experts that holds considerable sway in shaping government decisions - sheds light on the effect of sanctions imposed by the former Trump administration, according to China Daily.

    Despite the sanctions, industry data showed record growth last year, with Chinese shipbuilding completions up nearly 12 per cent year on year to 42.32 million deadweight tonnes more than every other country combined.

    New orders were also up by 56 per cent, many for advanced ship types, such as the costly roll-on/roll-off vehicle transport ships, which accounted for 83 per cent of global new orders, data from the China Association of the National Shipbuilding Industry shows.

    The research team, led by Liu Cungen, a professor at the School of Naval Architecture, Ocean and Civil Engineering at Shanghai Jiao Tong University, set out to investigate the resilience of China's marine equipment industry chain against the sanctions.

    In a peer-reviewed paper published by the Chinese academic journal Marine Development and Management, the researchers said shipyards continue to have access to all but a small proportion of specialised equipment.

    Although some Chinese products still have a gap in maturity compared to Western competitors, their technological level and market potential are growing rapidly, and their prices are attractive to customers, they said.

    An accurate assessment of the current situation "is necessary for China to prepare for further self-defence and countermeasures" because the sanctions could escalate in the future, they said.

    Liu's team engaged in rigorous discussions and investigations with industry leaders to construct a map of the key segments of China's shipbuilding sector, according to the paper.

    These included raw materials, research and development design, final assembly and construction, supporting facilities, navigation services, as well as operation and maintenance.

    Based on their analysis, only two types of ships currently face relatively high supply chain risks - large liquefied natural gas carriers and luxury cruise liners, the researchers said.

    LNG needs to be stored at extremely low temperatures and China is unable to manufacture five key components for the vessels - tank maintenance systems, marine cryogenic materials, cryogenic pumps and valves, the researchers found.

    Shipyards are also struggling to find domestic suppliers of door lock systems, entertainment equipment, catering facilities and medical area accessories for luxury cruise ships, according to the study.

    The researchers also noted that the shipbuilding industry is still relying entirely on imports for the propulsion system which is specifically designed for the luxury vessels.

    Despite these difficulties, China remains the only country in the world capable of building all 18 major ship types - including LNG carriers and cruise ships - and ranks first globally in terms of order volume for 14 of them.

    According to the China Association of the National Shipbuilding Industry, orders currently total 140 million tonnes - equivalent to the displacement of more than a thousand Ford- class aircraft carriers all to be produced within the next three years.

    China is building ships more than 200 times faster than the United States and the US Navy has warned that if the gap persists or widens it will be difficult for Western fleets to maintain their dominance in the global oceans.

    Liu and his team confirmed that shipbuilding capacity is crucial to the growth of China's national defence capabilities and said its rapid growth in the face of Western blockades related to China's technological progress and complete industrial chain.

    In terms of marine steel plates, anti-corrosion materials, infrastructure, production technology and ship repairs, Chinese suppliers can provide the best products and services in the world, the researchers noted.

    While US shipbuilding capacity is almost negligible next to China's - accounting for just 0.2 per cent of the global total, China should not rest easy, according to the researchers.

    Japan and South Korea remain strong competitors in the shipbuilding industry, while Europe continues to dominate some high-end supporting product markets, the paper noted.

    The study recommended the formulation of countermeasures in advance of any move by the US to ask its allies to join in further sanctions against China, "breaking the international, especially European, monopoly on supporting industries".

    Despite having the production capabilities, China continues to import large quantities of speciality steels, communication equipment and other components that could be affected by an expansion of the sanctions, the researchers said.

2024 April 21

15:07 Steerprop selected to supply main propulsion and tunnel thrusters for CCG's multi-purpose vessels program
13:51 First of its kind TRAktor V3900-DF launched at Uzmar Shipyard
12:37 ABS and DOE sign MOU to collaborate on clean energy development and maritime decarbonization research
11:25 SCHOTTEL to equip four new compact Damen ASD tugs with SRP 270 RudderPropellers
09:57 Hanwha Ocean expands offshore construction presence

2024 April 20

15:02 European ports contend with slow economic growth, geopolitical impact
13:43 AD Ports Group signs strategic agreement with ADNOC distribution for marine lubricants supply
12:17 Stena Bulk completes sale of Stena Blue Sky
10:05 Newbuild ocean tug bolsters growing LNG bunker fleet

2024 April 19

18:02 CMA CGM to strengthen and reshuffle its SEAS1 & SEAS2 services connecting Asia and East Coast South America
17:25 OOCL upgrades Transpacific Latin Atlantic 1/ 2 (TLA1/ 2) service
16:45 The world's two largest hydrogen ships are to be built in Norway
16:15 KEYS Azalea completes first ship-to-ship LNG bunkering in Western Japan
15:40 Port Houston surpasses 1mln TEU mark in Q1 2024
15:29 World's first ammonia dual-fuel Aframaxes to be developed by MISC
14:55 Port of Rotterdam total cargo throughput up 2.0% to 3.3 million TEUs in Q1 2024
14:06 DNV awards certificates for Fortescue’s dual-fuelled ammonia-powered vessel
13:44 Imoto Lines and Marindows launch next-generation zero-emission container ship project
12:41 The Port of Los Angeles and the Port of Long Beach complete a comprehensive Green and Digital Shipping Corridor study
12:20 Ulsan Port Authority signs MOU with Pacific Environment to decarbonize shipping ports in Singapore
11:50 Cavotec signs USD 5 million shore power order with global shipping company
11:22 Rio Tinto selects Alfa Laval OceanGlide fluidic air lubrication with a focus on advancing efficient shipping and reducing emissions
10:45 Steerprop selected to supply main propulsion and tunnel thrusters for Canadian Coast Guard multi-purpose vessels program
10:14 ST Engineering AirX and Bureau Veritas sign cooperation agreement to advance Wing-in-Ground technology
09:38 Solar panels at the Port of Valencia will generate 22% of the energy it consumes

2024 April 18

18:02 DEME wins cable installation contracts from Prysmian for IJmuiden Ver Alpha and Nederwiek 1 offshore grid systems
17:31 RINA awarded contract for Carnival Cruise Line 4th and 5th Excel-class ships
17:18 Cepsa and Evos join up for green methanol storage in Spain and the Netherlands
16:48 ClassNK commences joint research project with JAXA on material compatibility evaluation methods for liquefied oxygen
16:24 Panama Canal announces new measures regarding number of transits and maximum draft
15:50 Kongsberg Maritime secures contract to supply propeller systems to Damen Naval for four Anti-Submarine Warfare frigates
15:24 LR to class Torghatten Nord’s hydrogen-powered ferry duo for Arctic sailings
14:04 CMA CGM sells part of the foreign activities of Bolloré Logistics to the Balguerie Group
13:40 Methanol Institute and SEA-LNG unite against EU trade barriers to biomethane and biomethanol fuels
13:23 DP World launches a new Air Tracking feature to its SeaRates platform
12:31 Port of Los Angeles container volume increases 19% to 743,417 TEU in March 2024
12:16 MABUX: Bunker Outlook, Week 16, 2024
12:11 Coastal Sustainability Alliance boosts development and adoption of maritime biofuel in Singapore
11:43 Ocean Network Express launches reduced emissions shipping service
11:23 Wartsila cargo handling and fuel gas supply systems selected for three new Very Large Ethane Gas Carriers
10:45 Singapore plans production of biofuel blends up to B50 in grade
10:25 Maritime and Port Authority of Singapore and International Energy Agency сollaborate on maritime energy transition

2024 April 17

18:03 Australia and Singapore partner in a $20 million initiative to help reduce emissions in the maritime sector
17:38 EPS strengthens green collaboration with MPA with six Singapore-registered ammonia dual-fuel newbuilds
17:03 HD Hyundai, Scottish firms to cooperate on offshore wind power
16:16 Hanwha Ocean wins 176.4 bln-won order for 1 LPG carrier
15:46 Maritime Book and Claim System advances pilot study to support first movers in zero-emissions shipping
15:00 Port of Antwerp-Bruges cargo volumes up 2.4% to 70.4 million tonnes in Q1 2023
14:47 DOF Rederi AS sells PSV Skandi Gamma
14:24 PIL, CCS partner on alternative fuels and onboard carbon capture and storage
13:44 Total volume of bunker fuel sales at the port of Fujairah increases by 25.2% to 700,918 m3 in March 2023
12:11 Eureka Shipping announces construction of new cement carrier for Great Lakes trade
11:32 MOL to adopt new system to increase capacity and improve operational efficiency of car carriers
11:12 GTT receives an order for the tank design of eight new LNG carriers
10:43 Thailand's Department of Marine and Coastal Resources takes delivery of a new research vessel
10:27 The United States exported a record volume of natural gas in 2023
09:58 TECO 2030 raises NOK 43 million and partners up with Advait in India

2024 April 16

18:04 HD KSOE attains 73% of annual order target in 100 days
17:31 Anglo-Eastern buys Euronav ship manager
17:06 Navig8 takes delivery of the second of six newbuild MRs with emission reducing technology
16:38 IMO’s Facilitation Committee tackles digitalization and autonomous shipping
16:12 World’s largest car carriers ordered with MAN Energy Solutions propulsion package
15:46 Hapag-Lloyd and Seaspan to retrofit five vessels to methanol propulsion
14:13 Asyad Shipping and OQ8 successfully complete first-of-its-kind blended crude oil delivery from Mina Al Fahal to Duqm Refinery
13:54 Hapag-Lloyd unveils its new Strategy 2030
13:14 Singapore aims for over 1 mln tons of low-carbon methanol bunker supply by 2030
12:43 Trafigura to commercially deploy Daphne Technology’s PureMetrics on LNG carrier for precise MRV and optimisation of GHG emissions
12:15 All 12 people rescued from fire on board Tanzanian-flagged cargo ship in Singapore waters
11:49 Drydocks World steel cutting ceremony marks start of UK Norfolk Vanguard Offshore Wind Platforms project
11:23 North Pacific Green Corridor Consortium aims to decarbonize transportation corridor between Canada, Japan and South Korea