Sinomania!: China Plans Nuclear Container Ships

December 03, 2009

China Plans Nuclear Container Ships

At a confab around the Marintec China 2009 convention, currently underway in Shanghai, Wei Jiafu - head of Chinese shipping giant COSCO (China Ocean Shipping Group Comany, Ltd.) - revealed to reporters that the company was working with Chinese nuclear authorities to explore developing nuclear powered container ships. Captain Wei Jianfu gave a grim outlook for traditional ship orders saying he believed 40% of backorders will be cancelled or postponed. In other news, Chinese, Taiwan, and Korean shipping companies will respond to the slowdown in global trade by literally slowing down and employ "super slow steaming" a method begun by the Maersk Line for greater fuel efficiency and reduce emissions....

Labels: chinese trade, nuclear, shipping, technology

# posted by Sinomania! : 12/03/2009 12:16:00 PM

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About Me

Name: Sinomania!

Location: San Diego, California, United States

Ben Calmes writes, produces, and hosts a weekly broadcast on China, Chinese stock markets, and business matters, at the sinomania.com website. He has traveled alone extensively throughout eleven provinces, municipalities, and special administrative regions in China. His views on China have been sought by Moody's Investors Service, the World Economic Forum, the New York Times, Xinhua Finance, and the Council on Foreign Relations. Ben worked in the White House in the administration of President George H.W. Bush and as a consultant to the Clinton/Gore Transition Team. He has held responsible positions at government sponsored enterprises at the federal, state, and city level as well as the US Department of the Treasury and private enterprises. Ben has a B.A. from the University of Virginia and a M.A. from USC.

Sinomania!

December 03, 2009

China Plans Nuclear Container Ships

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