CDB Leasing (International) Company, wholly-owned subsidiary of China Development Bank Leasing, has entered into a vessel purchase agreement with CMB International Leasing Management Limited to acquire an LNG vessel for $154.5m.
Leading Chinese marine fuel suppliers Chimbusco, PetroChina and Sinopec Corp have penned agreements to procure very low sulphur fuel oil (VLSFO) from international companies including Shell in preparation for IMO 2020.
Yingtan port in China’s Jiangxi province is to start the construction of its cargo terminal project at the end of this month to improve domestic waterway transportation.
Yangzijiang Shipbuilding announced that, Ren Yuanlin, executive chairman of the company, is to return to office and resume his duties with the company.
South Korea’s DongHwa Entec specialises in manufacturing a wide range of heat-exchangers from marine heat-exchanger repairing service to heat-exchangers for power-generation and plant industry.
The VMDA is the association of Germany’s engineering industry, representing the interests of Germany’s large capital goods sector including machinery, plants, system suppliers, system integrators and service providers.
China’s shipbuilding industry is seen to have made major strides in moving up the newbuilding value chain and advancements on technology despite the sector’s prolonged state of recession, according to classification society Lloyd’s Register (LR).
