• 2016 November 1 15:07

    COSCO Shipping and DEME sign umbrella agreement

    The Belgian dredging, environmental and marine engineering group DEME and COSCO Shipping - the largest shipping company in the world - will work closely on the development of offshore wind energy in China. The umbrella agreement was signed today in the presence of Belgian Prime Minister Charles Michel and the Chinese Premier Li Keqiang.

    The attendance of both Heads of Government signifies the importance of the cooperation agreement and the Chinese vision concerning the transition to renewable energy. DEME and COSCO Shipping are both market leaders in their sectors and have found one another in a joint venture active in offshore wind energy in China. The cooperation is in line with the Chinese climate vision and the development of renewable energy, which were recently incorporated in the 13th Five Year Plan (2016-2020) for social and economic development.

    The Chinese government wishes to significantly increase the installed capacity of offshore wind energy by 2020 and beyond. As the largest shipping company in the world, COSCO Shipping wishes to enter this new market segment and has found a partner in DEME's subsidiary GeoSea, with its extensive experience in developing, building and maintaining offshore wind farms. Luc Bertrand, Chairman of DEME: "As a pioneering company, DEME is a global leader in offshore wind energy, offering overall solutions via EPCIM contracts (Engineering, Procurement, Construction, Installation & Maintenance).

    Thanks to the accumulated know-how and experience with complex infrastructure projects at sea, DEME can support and carry out COSCO Shipping’s offshore wind vision. The cooperation is also in line with the Group's partnering philosophy, in which DEME expands its international activities through sustainable cooperation with local partners. Such combinations have repeatedly proved successful in DEME's dredging and environmental divisions.

    The joint venture with COSCO Shipping is a win-win for both parties and will contribute to realising the ambitious Chinese climate objectives but creates also perspectives on further development and services in COSCO Shipping’s areas of expertise such as heavy lift transport, shipbuilding, etc ....”

    Xu Lirong, Chairman of COSCO Shipping: “The cooperation with DEME is in line with our strategy, and I believe it is going to help fortify our cooperation with customers, extend our business chain, moreover push forward the sustainable and healthy development of renewable energy industry in China.

    COSCO Shipping Corporation Limited is a world-leading integrated logistics and supply chain service provider, with shipping, integrated logistics and relevant financial services as core businesses, featuring coordinated development of multiple industrial clusters. Focusing on four strategic dimensions, which are “scale growth, profitability, anti-cyclical capability and building a global company”, the Group highlights the “6+1” industrial clusters layout. The “6” is shipping, logistics, finance, equipment manufacturing, shipping services, and social services industrial clusters. The “1” means “Internet Plus” business based on business model innovation. This layout will help facilitate the integration of shipping factors and build a world-class logistics service provider.”

    About DEME

    The Belgian dredging, environmental and marine engineering group DEME is an international market leader for complex marine engineering works. Driven by several worldwide challenges (rising sea level - the scarcity of raw materials - the growing need for energy - reducing CO2 emissions - the contamination of our waterways and soils), DEME has transformed from solely a dredging and land reclamation company to a worldwide operating multidisciplinary and innovative marine engineering and environmental group. Building on over 170 years of experience and know-how, DEME has organically moved into several related activities, such as the financing of marine engineering and environmental projects, executing EPC related complex marine engineering projects including civil engineering works, the development and construction of renewable energy projects, providing services for the oil, gas and energy sector, the decontaminating and recycling of polluted soils and sludge, the mining of marine resources (granulates and minerals), etc. Thanks to an integrated company structure, DEME strongly emerges as a global solutions provider, which offers its clients overall solutions. DEME has the most modern, high-tech and versatile fleet. DEME has 4,600 employees worldwide. In 2015, the Group achieved a turnover of 2.35 billion euros. www.deme-group.com About China COSCO Shipping COSCO Shipping Corporation Limited (hereinafter referred to as COSCO Shipping or the Company) is a multinational enterprise specializing in shipping, logistics and wharf services, ship building and repairing, The total fleet of COSCO Shipping comprises of 1114 vessels with a capacity of 85.32 million DWT, ranking No.1 in the world. Its container fleet capacity is 1.58 million TEU, ranking the fourth in the world. Its self-owned dry bulk fleet (365 vessels/33.52 million DWT), tanker fleet (120 vessels/17.85 million DWT), general cargo and specialized cargo fleet (3 million DWT), are No.1 in the world in terms of capacity. The Company owns over 46 container terminals all over the world, with over 190 berthing spaces.




2019 November 19

18:03 Port of Piraeus throughput reaches 5 million TEU this year
17:50 BPO joins the “More EU budget for transport” coalition
17:22 Throughput of Russia’s seaports expected to grow by 3% to 850 million tonnes in 2019
17:03 Expro awarded contract extension with INPEX, offshore Australia
16:45 Gasum expands their maritime fuel supply by new Swedegas’ facility in the port of Gothenburg
16:24 IMO helps train future leaders in maritime policy
16:03 CSV Bourbon Oceanteam 101 extends charter contract with client for works in Angola
15:03 MSC appoints Soren Toft as CEO for container shipping & logistics
14:21 Shipment of half a billionth tonne of coal from Vostochny Port kicked off by Sergey Ivanov and Yevgeny Ditrikh
14:02 ICTSI proposal to develop Iloilo ports complete
13:23 Med Marine orders MAN 175D for Svitzer ice-breaking tugs
13:00 Havyard Ship Technology AS announces new general manager
12:38 Bunker prices are stable at the Far East ports of Russia (graph)
12:02 ABP’s Port of Ipswich welcomes floating storytelling museum
11:44 Registration for the 16th International Transport Forum YugTrans 2020 is open
11:37 Port of Southampton investing in quayside to continue welcoming largest ships
10:59 Navigation season of 2019 closed in Baikal-Angara Basin of Russia’s IWW
10:31 EEC postponed consideration of amendments into Technical Regulation of the Customs Union in the part of sulphur content in bunker
10:05 Ports of Los Angeles and Copenhagen Malmö sign collaborative agreement on sustainability, environment
10:03 Multipurpose Reloading Complex spent over RUB 1 million under its social programme in 9M’19
09:40 Brent Crude futures price is down 0.14% to $62.35, Light Sweet Crude – down 0.21% to $57.02
09:25 Baltic Dry Index is down to 1,338 points
09:22 MABUX: Bunker market this morning, Nov 19
09:08 Nexans secures a 5-year contract extension with Chantiers de l’Atlantique to supply cables and services
08:12 Shell Marine secures contract for Cosco Shipping Specialized Carriers

2019 November 18

18:30 CMA CGM announces FAK rates from North Europe to ISC
18:07 2020 Bulkers extends time charters for Bulk Santiago and Bulk Seoul
17:54 Rosmorport supports 3rd Hydraulic Engineering Structures and Dredging Congress as its General Sponsor
17:35 Columbia Threadneedle Investments and Brittany Ferries reach agreement to acquire Condor Ferries from Macquarie Infrastructure and Real Assets
17:21 Moscow, Saint-Petersburg and Murmansk to host PORA discussion “Development of Water Transport Infrastructure in the Arctic” on Nov'26
17:05 ​Shearwater GeoServices awarded largest-ever 4D campaign in the Asia Pacific region by Woodside
16:35 HYUNDAI Merchant Marine joins “Getting to Zero Coalition”
16:20 Gazprom Neft reports 4.1-pct growth of bunker fuel production to 2.04 million tonnes in 9M’19
16:05 Essar Ports completes work on the Hazira-based Passenger Ferry Terminal
15:41 Epic Gas completes acquisition of 11,000 CBM Epic Sicily
15:37 Gazprom Neft increases net profit by 7% in 9M 2019
15:02 Port of Gdynia prepares to develop acquired land at Węgierskie Quay
14:39 Training for African women working in SAR operations held at Maritime Rescue Coordination Centre in Morocco
14:15 CMA CGM announces FAK rates from Asia to North Europe and Mediterranean
13:36 Container Terminal Saint-Petersburg allocated RUB 10.4 million under its 9M’2019 social and environmental programmes
13:15 MacGregor secures complete piggy-back hatch cover order from Fincantieri Bay Shipbuilding
12:53 Vympel Shipyard delivers Grachonok-class special purpose boat to Federal National Guard Troops Service
12:32 Average wholesale prices for М-100 HFO down to RUB 8,159 in RF spot market
12:09 Kim Heng signs MoU with subsea cable installer for offshore windfarm cable-laying projects in Taiwan
11:51 New national port operator WT Terminal established in the Freeport of Riga
11:09 Stena Line takes delivery of new ferry Stena Estrid
10:54 Series of eighth dry cargo carriers of Project RSD32M completed with delivery of Anatoly Nikolayev
10:33 Bunker sales at the port of Singapore in Jan-Oct’2019 fell by 6.4% Y-o-Y to 38.92 million tonnes
10:19 MABUX: Bunker market this morning, Nov 18
10:15 Port of Singapore throughput in Jan-Oct’2019 declined by 0.6% to 520.7 million tonnes
09:52 DEME and Royal IHC launch TSHD MEUSE RIVER
09:34 Brent Crude futures price is flat at $63.3, Light Sweet Crude – at $57.83
09:32 IMO's working group agrees National Action Plans – draft MEPC resolution
09:20 Baltic Dry Index is down to 1,357 points

2019 November 17

16:12 Port of Dover wins ESPO Award 2019
14:47 Aker Solutions and leading operators join forces to qualify subsea gas separation
14:12 Wight Shipyard Co to build an innovative hybrid CTV for CWind
12:42 PSA Marine and Wartsila join hands to tackle climate emergency
11:38 A.P. Moller-Maersk improves operational profitability
10:15 ABS and Arista launch smart shipping journey