Norway’s scrubber manufacturer Yara Marine Technologies has made its footprint in China with the opening of its new Shanghai office, responding to increasing demand for scrubbers in newbuilds and retrofit projects in the Asia-Pacific region.
Energy transformation and climate changes are posing serious challenges to international shipping, which, even though shipping is considered an efficient mode of transport, is under pressure to reduce its emissions, speakers said at the International Marine Intelligent Energy Efficiency Technology Summit 2018 held in Shanghai.
China State Shipbuilding Corporation (CSSC) has signed a strategic cooperation agreement with Shanghai Municipal Government to jointly promote ship and offshore engineering and other high valued services in Shanghai.
WinGD (Winterthur Gas & Diesel Ltd) is setting up an engineering centre in Shanghai, China together with a subsidiary of CSSC (China State Shipbuilding Corporation Limited) to increase its technical capacities by 20%.
Hong Kong has overtaken London to take the second spot in the International Shipping Centre Development Index (ISCD), while Dubai has moved into the top five for the first time.
Major Japanese line NYK has revealed a possible JPY2bn ($18.7m) embezzlement case at its Shanghai car logistics subsidiary NYK Car Carrier (China).
Sinotrans Shipping is continuing to shed assets, divesting the 2010-built 57,065 dwt handymax Da Cheng for RMB84.3m ($13.3m).