Cosco Shipping News

Anemoi Marine Technologies and COSCO Shipping Heavy Industry have renewed a framework agreement to expand collaboration on the installation of rotor sail wind-propulsion systems across COSCO Shipping subsidiary shipyards.The renewed agreement builds on cooperation that began in 2022, during which the companies completed the installation of nine rotor sails at COSCO Shipping Heavy Industry yards, including installations on very large ore carriers for Vale and U-Ming at the Zhoushan yard.Under the updated framework…

The UP World LNG Shipping Index gained 4.05% last week, closing at 182.36 points and exceeding the 180-point mark for the first time in its history. The S&P 500 rose 0.3% over the same period.Trading activity was robust, with volume well above average and a 15:4 ratio of rising to falling stocks. Several companies broke through resistance levels on strong volume, led by COSCO Shipping Energy Transportation (+10.6%) and Chevron (+6.1%). Shell, BP, Tsakos Energy Navigation, and Nakilat all moved above their respective resistance levels.Atlantic spot charter rates continued declining to $11…

Schottel is supplying propulsion systems and a unique control concept for barges and tugs serving at Mineral Resources’ (MinRes) Onslow Iron project.All seven barges and two of the project's seven tugs are newbuilds being constructed by COSCO Shipping Heavy Industry in Zhoushan and Guangdong, China. Five barges have already commenced operations at the Port of Ashburton (Western Australia), with the final units scheduled for delivery in 2026. The two tugs are also scheduled to be delivered in 2026.Jeff Weber…

Lloyd’s Register (LR), in collaboration with COSCO Shipping Group, Shanghai Jiao Tong University and the University of Southampton, has established the International Maritime Future Technologies Innovation Center.The new virtual center aims to advance research and development in low- and zero-carbon maritime technologies, intelligent ship systems and digital innovation.The center will serve as a global platform for collaboration between industry and academia, supporting the sector’s transition towards a smarter and more sustainable future.

This week, Rolls-Royce announced that it has successfully tested the world’s first high-speed marine engine powered exclusively by methanol on its test bench in Friedrichshafen.Together with its partners in the meOHmare research project, Rolls-Royce says its engineers have therefore reached an important milestone on the road to climate-neutral and environmentally friendly propulsion solutions for shipping.Also this week, Everllence announced the world’s first conversion of its…

Everllence has announced the world’s first conversion of an Everllence B&W S90 two-stroke engine to dual-fuel methanol running following the successful sea-trials of COSCO Shipping Lines’ 20,000+ TEU container vessel, COSCO Shipping Libra.The vessel’s 11S90ME-C engine was retrofitted to an 11S90ME-LGIM (-Liquid Gas Injection Methanol) unit.Everllence PrimeServ – Everllence’s after-sales division – partnered with COSCO Shipping Heavy Industry from concept to execution in delivering the world’s first S90 methanol engine retrofit…

The Panama Canal launched a consultation process with representatives of the maritime industry to identify potential partners interested in developing port terminals on both the Atlantic and Pacific sides of the waterway.Following a process similar to that followed for the introduction of the gas pipeline project, the Panama Canal convened a group of representatives from companies with proven experience in container port operations and container shipping lines.According to institutional rules and regulations…

When fees from the Office of the United States Trade Representative (USTR) targeting Chinese dominance of the maritime sector come into effect October 14, 2025, 35% of ships in the combined bulk, crude tanker, product tanker and container fleet could be subject to additional fees when calling a US port. Even though these ships provide 44% of the combined fleet’s capacity, US importers and exporters should not expect increasing freight rates,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Of the ships that could be subject to the port fees…

Global shipping companies are moving full steam ahead with commercial vessel orders from Chinese shipyards, despite the U.S. targeting those ships with port fees aimed at countering China's maritime dominance, a new report from the Center for Strategic and International Studies showed.Chinese shipyards captured 53% of all global ship orders by tonnage during the first eight months of 2025, according to the CSIS analysis of S&P Global data released on Wednesday.That was on par with full-year 2023 levels before the U.S.

Five U.S. unions are calling on lawmakers to pass legislation that would help secure long-term funding to revive domestic shipbuilding, an effort championed by President Donald Trump and boosted by new port fees on Chinese ships.The United States on October 14 is slated to begin collecting fees on China-linked vessels that visit the nation's seaports. While final rules from the U.S. Trade Representative (USTR) are pending, HSBC analysts recently said China's COSCO Shipping is…

Hong Kong-based Luda Technology Group subsidiary, Luda (Taian) Industrial Company, has signed a series of strategic cooperation agreements with several Chinese shipbuilders, including China State Shipbuilding Corporation (CSSC), Haiting (Nantong) Shipbuilding Company, and COSCO Shipping Heavy Industry Company, to jointly manufacture specialty-material flanges and pipe fittings for ammonia-fueled vessels.This initiative contributes to the Chinese shipbuilding industry's efforts…

Sinobunker, one of COSCO Shipping’s subsidiaries, has completed the world’s first green ammonia bunkering operation at COSCO Shipping Heavy Industry’s Dalian terminal.The ammonia was sourced from the world’s largest green hydrogen and ammonia plant established by Envision in Chifeng and powered entirely by the world’s largest independent renewable energy system.The plant integrates wind, solar and energy storage with proprietary hydrogen and ammonia production technologies. It is powered by a proprietary AI-integrated off-grid renewable system…

CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended.The Hong Kong conglomerate's plan to sell the business, which would include two ports along the strategically important Panama Canal, to a consortium led by BlackRock and Italian billionaire Gianluigi Aponte's family-run shipping company MSC, has become politicised amid an escalating China-U.S.

Australia’s BHP Group has signed contracts with COSCO Shipping Bulk, a subsidiary of COSCO Shipping, for the charter of two ammonia dual-fueled Newcastlemax bulk carriers.The new vessels to be built under the arrangement will be two of only a handful of vessels in the world capable of using ammonia as a marine fuel.The two vessels, expected to be delivered from 2028, will primarily transport iron ore from Western Australia to Northeast Asia.When run on lower or low to zero greenhouse gas (GHG) emissions ammonia…

Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply the cargo handling and fuel supply systems for four new Very Large Gas Carriers (VLGCs) being built in COSCO Shipping (Qidong) Offshore for their owner group.The complete Wärtsilä Gas Solutions’ scope covers the engineering, material, as well as the supervision, commissioning and gas trials for the systems.Included in the materials scope are the machinery, instrumentation, electric and control system. Wärtsilä…

X-Press Feeders Group, the world’s largest independent common carrier, has signed two agreements with COSCO SHIPPING Lines, one of the world’s largest mainline operators, to expand network coverage, strengthen mainline-feeder coordination and improve service reliability.The agreements were signed by Francis Goh, Chief Operating Officer of X-Press Feeders Group and Irene Cheng Jin, Deputy Managing Director of COSCO SHIPPING Lines on June 18, 2025. Under the partnership agreement…

Australia’s unique enclosed self-discharging transhippers ensure a dust-free supply chain for the Onslow Iron project.Onslow in north Western Australia is a desert. It receives less than 10 inches of rain a year, and for much of the year temperatures reach 95 degrees Fahrenheit. It’s known for dust storms that can turn the town red.It’s iron ore country, but the lack of a deepwater port meant that the nearby resources were stranded until Mineral Resources (MinRes) came up with…

Classification society DNV has signed a new contract with Cosco Shipping Heavy Industry Zhoushan Shipyard (COSCO) for the classification of a newly contracted methanol-ethanol ready Suezmax DP2 shuttle tanker ordered by Knutsen NYK Offshore Tankers (KNOT).The vessel, part of a broader fleet expansion by KNOT, to be operated under charter to Norwegian energy major Equinor, marks the latest milestone in a long-standing collaboration between the companies.The 154,000-deadweight-tonne (dwt) shuttle tanker features dual-fuel capability with methanol-readiness…

Mitsui O.S.K. Lines (MOL) has ordered a new LNG-fueled very large crude carrier (VLCC), which will sail under a long-term time charter contract with Idemitsu Tanker.The vessel will be the first dual-fuel VLCC to be chartered to a Japanese oil company.It will be built at Dalian COSCO KHI Ship Engineering in China, which is jointly operated by Kawasaki Heavy Industries and China COSCO Shipping Corporation.The delivery of the vessel is scheduled for 2027.

MAN Energy Solutions will deliver the world's most powerful two-stroke methanol engine in June 2025. The engine, an MAN B&W 12G95ME-C10.5-LGIM (-Liquid Gas Injection Methanol) type rated at 82,440 kW @ 80rpm, is currently being built by Chinese licensee, CSSC-MES Diesel Co., Ltd. (CMD).The engine is the first of 12 bound for a series of 12 × 24,000 teu container vessels currently under construction: seven at Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS) for shipowner, Orient Overseas Container Line Ltd. (OOCL); and five at Dalian COSCO KHI Ship Engineering Co., Ltd.

Crane specialist Huisman has secured another contract for the delivery of Knuckle Boom Cranes, which will be installed on Sea1 Offshore’s new offshore energy support vessels.The two 250 mt Knuckle Boom Cranes will be installed of ST-245-designed vessels.The contract was signed with COSCO Shipping, and follows a previous order for two identical cranes awarded at the end of 2024.The cranes will feature Huisman’s proprietary Active Heave Compensation system.This system connects the crane’s electric setup to the vessel’s DC grid…

Hong Kong-listed Orient Overseas (International) said on Tuesday that its units have ordered the construction of 14 container vessels from China COSCO Shipping Corp totaling $3.08 billion in value.The container transport and logistics firms said that the vessels, equipped with methanol dual-fuel engines, will boost competitiveness and lower costs in both traditional and emerging markets.Under the deal, a unit of state-owned China COSCO Shipping Corp will construct nine vessels, while an associate will build the remaining vessels.China COSCO Shipping Corp also owns the Chinese container shippin

On April 17, the Trump administration shielded domestic exporters and vessel owners servicing the Great Lakes, the Caribbean and U.S. territories from port fees to be levied on China-built vessels.The Federal Register notice posted by the U.S. Trade Representative (USTR) was watered down from a February proposal for fees on China-built ship of up to $1.5 million per port call.Ocean shipping transports about 80% of global trade - from food and furniture to cement and coal. Industry executives feared virtually every cargo carrier could face steep, stacking fees that would make U.S.