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: , , ,

Comments: Post a Comment

Subscribe to Post Comments [Atom]

<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]