China is the world’s largest importer of crude oil, accounting for approximately 25% of global crude import volumes. The country’s crude imports are also equal to about 25% of global seaborne crude oil volumes which contributed to about 30% of dirty tanker trade tonne miles in 2021 according to Signal Ocean statistics. From 2010 to 2020, China’s crude imports grew at an average annual rate of 8.5% and have been the key demand driver for both crude oil and crude tanker demand.


According to the General Administration of Customs China (GACC), crude oil volumes in July amounted to 34.1 million tonnes. Volumes are thereby down 9.2% on 2021 and 27.2% lower than July 2020. January through July volumes have fallen 3.9% this year compared to the same period in 2021 which was already down 5.7% against 2020.

Seaborne volumes have fallen similarly, however, dirty tanker trade deadweight tonne miles have dropped 9.6% in the first seven months of 2022 compared to last year according to Signal Ocean statistics. Compared to 2021, China has this year favoured imports from the Persian Gulf, Southeast Asia, and Russia over crude from Brazil, USA, and West Africa. On average, longer trades have been replaced by shorter ones.

VLCCs and Suezmaxes have both seen a reduction in deadweight tonne miles of about 10% January through July, whereas Aframaxes have benefitted from the increased trade with Russia and deadweight tonne miles have increased 1.5%.

“Crude oil demand in China has suffered from low local demand due to COVID-19 lockdowns. A combination of high product inventories, a cap on retail gasoline and diesel prices once crude hits USD 80/barrel, and lower export quotas (so far 39% lower than in 2021) that discourage refineries from ramping up production has also hurt demand for crude oil,” says BIMCO’s Chief Shipping Analyst, Niels Rasmussen.

“Deadweight tonne miles indicate it is unlikely that August’s import numbers will improve significantly whereas a rebound may be seen in September, although not to the highs of 2020. That would likely require both a solid increase in local product demand and changes in the policies that currently discourage refineries from increasing production,” Rasmussen says.
Source: BIMCO


CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022

Yang Ming pursues fleet expansion with new 11,000 TEU containership

Yang Ming Marine Transport Corp. (Yang Ming) has welcomed its newest 11,000 TEU container vessel YM Tutorial.

The vessel was chartered from Shoei Kisen Kaisha, Ltd. and built by Imabari Shipbuilding Co., Ltd.

The YM Tutorial was named at a ceremony held at Imabari Hiroshima Shipyard on 17 June and has entered Yang Ming’s transpacific West Coast route PS6 on 15 July.

The port rotation for the first voyage of YM Tutorial in PS6 will be Qingdao – Ningbo – Pusan – Los Angeles – Kobe – Qingdao.

The company has ordered a total of 14 11,000 TEU containerships through long-term charter agreements with ship owners, and the YM Tutorial is the 12th vessel in the series.

This type of vessel has a nominal capacity of 11,860 TEU and is equipped with 1,000 plugs for reefer containers. With a length of 333.9 metres, a width of 48.4 metres, a draft of 16 metres, these vessels are designed to cruise at a speed of up to 23 knots.

The containerships have also been equipped with scrubbers, Water Ballast Treatment Plant and Alternative Marine Power system to adhere to environmental regulations.

Yang Ming said this type of vessel adopts the twin-island design to increase loading capacity and navigational visibility to ensure greater efficiency and safety, as well as increase energy saving and reduce overall emissions.

Their dimensions enable them to call at major ports worldwide and pass through the new Panama Canal with little restriction.

Yang Ming has taken delivery of 12 vessels since 2020 to meet customer demand. The latest addition to its fleet was the YM Tranquillity, delivered on 14 June.

In May, the company reported strong financial results for the first quarter of 2022, posting revenues of NTD 106.7 billion ($3.5 billion).

The sum accounts for an increase of 71.32 per cent compared with NTD 62.28 billion ($2.1 billion) from the same period of previous year.


China first large capacity tio ore minerals mining dredger is independently developed and manufactured by HID, was delivered to the Indonesia client last week.

Leaders of Qingzhou City and China Dredging Industry Association were invited to attend the handover ceremony.

tin ore minerals mining

The huge and excellent tin ore mining equipment is high-end customize for tin ore mining in the sea.  It’s efficiency production tin ore extraction and selection all in one machine.

Total length 95 meters, 17.5 meters width, 2.8 meters depth, dredging depth reach 50m (underwater),

self working weight 1300 tons, handing capacity 700T/H, total installed power is 2800kw.


large dredger vessel

The sea mining vessel integrates advanced technologies in the field of dredging engineering and mineral processing.

It has a compact structure, complete functions, a high degree of automation, strong data acquisition capabilities, high reliability and good maneuverability. It can choose different submarine geological conditions and mineral types. Mining and beneficiation system; according to different characteristics of tailings, different forms of tailings discharge are adopted to avoid environmental pollution; a stable whole ship platform is equipped to implement detection and control of mining and beneficiation vessel operations with refined control and management systems.

sea mining vessel

This dredger is the crystallization of the hard work of HID people who are proficient in research and development and have the courage to innovate. Which has changed the long-term dependence of domestic large-scale tin ore mining equipment on foreign imports and filled the gap in domestic related industries. We are all proud of it.


The Taiwanese container carrier Yang Ming has added a new 11,000 TEU class container vessel, named YM Tutorial, to its boxship fleet.

The vessel is chartered by Shoei Kisen Kaisha and built by Imabari Shipbuilding.

The name was given at a ceremony held at the Imabari Hiroshima Shipyard on 17 June and is expected to enter Yang Ming’s Transpacific West Coast route PS6 today (15 July).

It is important to note that the company has ordered a total of 14 container ships of 11,000 TEU through long-term charter agreements with shipowners, with YM Tutorial being the 12th vessel in the series.

This vessel type has a nominal capacity of 11,860 TEU and is equipped with 1,000 plugs for reefer containers. With a length of 333.9 meters, a width of 48.4 meters and a draft of 16 meters, these vessels are designed to travel at a speed of up to 23 knots.

In addition, they incorporate various environmental features, such as scrubbers, Water Ballast Treatment Plant and an Alternative Marine Power system.


Ships Physical Inspections in Singapore,India and China!

Our appointed Inspector will attend and complete required inspection best applicable way ! Reports to headquarters will follow promptly, always with our supervision.

Hand or arm of engineer hold yellow plastic helmet in front of cargo port loading

SHIP IP LTD  provide independent surveys and reports of the current condition, class status and life history of a vessel.

These can provide vital information to help evaluate a proposed investment.By identifying potential problems, we can help reduce the business and technical risks you face when buying or chartering a second-hand vessel.

Our Marine Surveyors are qualified Master Mariners or Chief Engineers.

Survey methodology includes a visual inspection and usually we cover the following:

• Structural integrity,

• Main propulsion and auxiliary machinery,

• Documentation (classification records, PSC records, ISM records, Statutory records etc),

• LFA/LSA equipment,

• Main propulsion and auxiliary machinery,

• Electronic equipment,

• Cargo Gears,

• Accommodation and sanitary,

• Mooring equipment,

• Main spare parts on board.

The survey will include a visual inspection and usually we cover the following:

Section 1 Summary of survey and condition of vessel
Section 2 Publications and Statutory Certificates
Section 3 Management, Records and Manning
Section 4 Ship structure: External hull and superstructure, anchors, chains, windlass,
Ballast tanks, Deck equipment.
Section 5 Hatch covers, Derricks & Cranes and Holds, Cargo equipment
Section 6 Engine room, Machinery and Bunkering, Bilges, running hours if the main and auxiliary engines
Section 7 Bridge and Navigation
Section 8 Communications, antennas
Section 9 Life Saving Apparatus /Fire Fighting Equipment
Section 10 General items, crew accommodation spaces
Section 11 ISM Items, ISPS Code items, Ship and machinery log books
Section 12 Defect list and Condition Statement
Section 13 Annexes: Ship’s plans, Deflection reports, Spares reports,
last cargo voyages, etc.
Section 14 Pictures

Contact with us for a Sample Marine Pre Purchase Survey Report !


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