In China, Global Times reports Hudong-Zhonghua Shipbuilding has secured two major shipbuilding contracts settled in yuan—rather than the traditionally dominant U.S. dollar. These recent agreements, one with COSCO Shipping and another with Canada’s Seaspan Corporation, encompass 12 large 13,600-TEU container vessels, reinforcing the yuan’s emerging role in global shipping. This shift to yuan-based settlements offers […]
In China, the 2024 North Bund International Shipping Forum, held from October 22-24 in Shanghai, focused on the role of finance and insurance in advancing the global shipping industry. Co-hosted by the Shanghai Shipping Exchange and China Shipowners Mutual Insurance Association, the “Finance and Insurance” session on October 23 brought together leading figures from organizations […]
In China, China Classification Society awarded Approval in Principle certificates for two innovative dual-fuel vessels—the Honghu ammonia-fueled container ship and the Haijing methanol-fueled bulk carrier—developed by CSSC Huangpu Wenchong Shipbuilding Company in Shanghai. These ship types were showcased at a launch event attended by over 200 representatives from 84 organizations, including shipowners, leasing firms, and […]
In China, at the North Bund Forum in Shanghai, the Hamburg Port Authority and the Port of Shanghai signed a memorandum of understanding to establish a green shipping corridor, aiming to decarbonize maritime transport between Europe and Asia. The agreement, announced during the three-day forum hosted by the Ministry of Transport and the Shanghai government, […]
In the Netherlands, Offshore Energy reported that Hamburg Port Authority (HPA) and the Port of Shanghai have signed at a forum in Shanghai a memorandum of understanding (MOU) to establish a green shipping corridor. Together with shipping giant COSCO Shipping Lines and the Shanghai International Port Group (SIPG), the Shanghai Municipal Transportation Commission (SMTC) and […]
In China, a study published in Angewandte Chemie International Edition, Prof. Liu Tianfu from Fujian Institute of Research on the Structure of Matter of the Chinese Academy of Sciences and Prof. Wu Xinping from East China University of Science and Technology constructed a metal-organic framework (MOF) with delocalized orbitals and proposed a strategy of direct […]
In China, Palm Oil Magazine reports Quantum Commodity Intelligence data shows biodiesel exports to Europe fell 91% in July compared to June at just 9,835 metric tons following the imposition of anti-dumping duties by the European Commission. That was the lowest level seen since April 2021. There are concerns however about gaps in the rules […]
In China, as the global push for sustainable biofuels intensifies, lignocellulosic biomass has emerged as a prime candidate for biofuels and biochemicals owing to its abundance and renewability. This biomass, derived from plant materials, holds great promise as a feedstock for biofuel production. However, the pretreatment process required to break down lignocellulose often yields toxic […]
In China, Big Wind reports China’s biodiesel industry began refocusing on domestic markets after the European Union imposed anti-dumping duties of 12.8% to 36.4% on Chinese biodiesel exports in July. The duties, which affected nearly 90% of China’s biodiesel exports—1.8 million tonnes in 2023—have severely impacted trade with the EU, which had relied on China […]
In China, Hygreen Energy, a global electrolyzer manufacturer, and Coxabengoa, a vertically integrated global water and energy utility, have signed a strategic agreement to collaborate on hydrogen technology advancement, market expansion for electrolyzer solutions in Europe, and production capacity expansion that will accelerate European hydrogen project development. The agreement will leverage Coxabengoa’s capabilities in production […]
