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China Debuts World's First Adjustable‑Sails Oil Tanker

China Debuts World's First Adjustable‑Sails Oil Tanker

Arabian Post10 hours ago
China has introduced the world's first oil tanker equipped with adjustable sails, marking a notable step in maritime decarbonisation. The 250‑metre vessel features automated sails that harness wind power, cutting diesel use by up to 14.5 tonnes per day—equivalent to around 5,000 tonnes of CO₂ emissions annually.
The ship was launched at a major Chinese port on 13 July 2025. Naval engineers report that the sails adjust in real time to wind conditions, seamlessly integrating with traditional propulsion systems. Under favourable conditions, the sails alone can provide up to 10% of the vessel's forward thrust, reducing reliance on fossil fuels and trimming operational costs.
Industry experts describe this as a breakthrough. Dr Li Wei, a maritime technology specialist at a prominent Chinese university, observed that 'this marks the first large‑scale application of intelligent sail technology in an oil tanker' and said that the design 'could serve as a blueprint for future green tankers'. While alternative zero‑carbon fuels remain the focus of long‑term strategies, sail augmentation presents a practical interim solution.
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The initiative aligns with global regulatory pressures. The International Maritime Organization has committed to halving greenhouse‑gas emissions from shipping by 2050. Flettner‑style rotor sails—used on vessels like the Viking Grace ferry—have shown up to 20% fuel savings on optimal routes. China's innovation refines that concept by adding adjustable sail arrays tailored for large oil carriers, suggesting broader applicability.
Major energy and shipping firms are reportedly evaluating roll‑outs. A senior executive at a state‑affiliated shipping group noted plans to retrofit a fleet of oil and chemical tankers with adjustable sails by 2027, contingent on performance data. Initial trials aim to quantify actual fuel savings, spreadsheeting data on fuel burn, wind usage hours, and analytics from the ship's sail‑control system.
Yet questions remain. Retrofit costs, structural modifications, and maintenance demand rigorous cost‑benefit analysis. Port infrastructure adaptation—such as clearance for sails and crew training—must also be addressed. Critics argue that, while useful, sail technology cannot fully eliminate emissions without complementary measures like low‑carbon fuels and electrification.
Nevertheless, China's venture may shift the conversation. Shipbuilders in Europe, Japan and South Korea are racing to develop hydrogen‑ or ammonia‑powered vessels. China's move showcases an alternative decarbonisation route by optimising existing diesel‑powered fleets. Multi‑source interviews show growing interest from global charterers, some of whom are signalling willingness to pay premium freight rates for lower‑emission vessels.
Maritime insurers are recalibrating risk models, acknowledging that adjustable sails could affect stability and route safety. The new tanker reportedly features advanced ballast‑control systems to compensate for wind forces and automated cut‑out mechanisms during storms.
Trade analysts say China's state‑backed strategy gives it leverage in global standards talks. Should pilot data validate the 14.5‑tonne daily fuel savings estimate, Chinese shipyards could license or export the design. Such a trend could trigger wider international adoption, pressuring other nations to follow suit.
Shipowners are watching. A European tanker operator, examining images and footage, expressed interest but noted the need for 'transparent data on lifecycle emission reductions and economic viability over 20‑year vessel lifetimes.'
Current trials will last six months to a year, tracking metrics like fuel consumption, sail uptime, and maintenance costs. A detailed performance report is expected by mid‑2026, after which retrofit plans may accelerate.
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China Development Bank Expands Funding with Dual‑Currency Bond Listing
China Development Bank Expands Funding with Dual‑Currency Bond Listing

Arabian Post

time34 minutes ago

  • Arabian Post

China Development Bank Expands Funding with Dual‑Currency Bond Listing

China Development Bank has successfully listed two bonds on Nasdaq Dubai, raising a total of more than US $1 billion in a strategic bid to broaden its foreign‑currency funding channels and attract global investors. The issuance includes a US $500 million three‑year floating‑rate tranche tied to SOFR + 30 bps, and a €500 million three‑year fixed‑rate tranche offering a 2.25 percent coupon. Both tranches carry an A1 rating from Moody's. Investor appetite proved robust across both offerings. The euro tranche was subscribed 15 times over, marking the highest subscription ratio so far for a Chinese bank's single public bond issue, while demand for the US dollar tranche was three times oversubscribed, achieving the tightest spread to SOFR among comparable issuances. Interest originated primarily from institutions in Europe, the Middle East and Asia, including banks, sovereign entities, investment funds and asset managers; more than 30 percent of the euro tranche was allocated to high‑quality supranational, sovereign, and agency investors. Nasdaq Dubai welcomed the listing under the official securities list of the Dubai Financial Services Authority, with Hamed Ali, CEO of both Nasdaq Dubai and Dubai Financial Market, describing the move as a deepening of financial ties with Chinese lenders. 'This milestone underscores Dubai's position as a trusted global hub for cross‑border capital flows,' he commented. ADVERTISEMENT This dual‑currency offering forms part of CDB's long‑term strategy to diversify its funding base. Since resuming international bond issuances in 2015, the lender has raised the equivalent of US $42.5 billion in multiple currencies—USD, EUR, GBP and HKD—through public and private offerings. Nasdaq Dubai, which already hosts over US $13.4 billion in listed Chinese fixed‑income securities and more than US $136.2 billion in total debt issuances, has positioned itself as a preferred centre for Chinese and international issuers seeking cross‑border access. The structure of the issuance—offering both floating‑rate and fixed‑rate components in parallel—addresses differing investor needs. The floating‑rate instrument appeals to US dollar investors aiming to hedge against interest rate uncertainty by aligning returns with short‑term rates, while the fixed‑rate euro tranche delivers stable yield expectations at a time when eurozone rates remain relatively low. The A1 credit rating lends further reassurance of CDB's high repayment capacity. Market analysts suggest that the record subscription levels reflect strong global confidence in sovereign or quasi‑sovereign credit combined with growing investor demand for diversified, high‑quality issuances from non‑Western borrowers. One commentator told Bloomberg that the euro tranche 'demonstrated unprecedented demand for Chinese credit offshore,' a sentiment echoed by allocations to Europe‑based sovereign wealth and supranational issuers. Nasdaq Dubai's hosting of the bond listing lifts its international profile. The exchange has actively courted Chinese sovereign and financial institution issuers—including ICBC, Bank of China, China Construction Bank, China's ministry of finance, and Hong Kong Government entities—by facilitating access to capital from Europe, the Gulf and Asia. With total listings now exceeding US $13.4 billion, the venue's debt market is fast approaching the scale of some European sub‑exchanges. Financial practitioners suggest the listing may act as a template for future issuances from Chinese state‑owned financial institutions, offering investor diversification benefits and potential cost savings through a more competitive pricing environment. European investors, in particular, appear drawn to the euro tranche's high demand, which points to appetite for enhanced yield coupled with capital security. Experts in Gulf and Asia‑Pacific fund flows are now closely watching whether more Chinese issuers will harness Nasdaq Dubai's platform for offshore funding, thereby recalibrating traditional bond‑raising channels via London or New York. Dubai's regulatory framework, overseen by the DFSA, alongside its strategic position between Europe and Asia, provides a compelling value proposition. The success of CDB's dual tranches also underscores the evolving depth of global bond markets. The presence of SOFR‑linked floating‑rate bonds shows growing acceptance of this benchmark outside North America. Meanwhile, the euro tranche sets a new benchmark for Chinese issuers in terms of subscription records and tranche structuring. For China Development Bank, this launch enhances its capabilities to fund infrastructure, social development and global lending priorities. For Nasdaq Dubai, it represents another step forward in building a globally integrated bond market serving issuers and investors across major time zones.

China Debuts World's First Adjustable‑Sails Oil Tanker
China Debuts World's First Adjustable‑Sails Oil Tanker

Arabian Post

time10 hours ago

  • Arabian Post

China Debuts World's First Adjustable‑Sails Oil Tanker

China has introduced the world's first oil tanker equipped with adjustable sails, marking a notable step in maritime decarbonisation. The 250‑metre vessel features automated sails that harness wind power, cutting diesel use by up to 14.5 tonnes per day—equivalent to around 5,000 tonnes of CO₂ emissions annually. The ship was launched at a major Chinese port on 13 July 2025. Naval engineers report that the sails adjust in real time to wind conditions, seamlessly integrating with traditional propulsion systems. Under favourable conditions, the sails alone can provide up to 10% of the vessel's forward thrust, reducing reliance on fossil fuels and trimming operational costs. Industry experts describe this as a breakthrough. Dr Li Wei, a maritime technology specialist at a prominent Chinese university, observed that 'this marks the first large‑scale application of intelligent sail technology in an oil tanker' and said that the design 'could serve as a blueprint for future green tankers'. While alternative zero‑carbon fuels remain the focus of long‑term strategies, sail augmentation presents a practical interim solution. ADVERTISEMENT The initiative aligns with global regulatory pressures. The International Maritime Organization has committed to halving greenhouse‑gas emissions from shipping by 2050. Flettner‑style rotor sails—used on vessels like the Viking Grace ferry—have shown up to 20% fuel savings on optimal routes. China's innovation refines that concept by adding adjustable sail arrays tailored for large oil carriers, suggesting broader applicability. Major energy and shipping firms are reportedly evaluating roll‑outs. A senior executive at a state‑affiliated shipping group noted plans to retrofit a fleet of oil and chemical tankers with adjustable sails by 2027, contingent on performance data. Initial trials aim to quantify actual fuel savings, spreadsheeting data on fuel burn, wind usage hours, and analytics from the ship's sail‑control system. Yet questions remain. Retrofit costs, structural modifications, and maintenance demand rigorous cost‑benefit analysis. Port infrastructure adaptation—such as clearance for sails and crew training—must also be addressed. Critics argue that, while useful, sail technology cannot fully eliminate emissions without complementary measures like low‑carbon fuels and electrification. Nevertheless, China's venture may shift the conversation. Shipbuilders in Europe, Japan and South Korea are racing to develop hydrogen‑ or ammonia‑powered vessels. China's move showcases an alternative decarbonisation route by optimising existing diesel‑powered fleets. Multi‑source interviews show growing interest from global charterers, some of whom are signalling willingness to pay premium freight rates for lower‑emission vessels. Maritime insurers are recalibrating risk models, acknowledging that adjustable sails could affect stability and route safety. The new tanker reportedly features advanced ballast‑control systems to compensate for wind forces and automated cut‑out mechanisms during storms. Trade analysts say China's state‑backed strategy gives it leverage in global standards talks. Should pilot data validate the 14.5‑tonne daily fuel savings estimate, Chinese shipyards could license or export the design. Such a trend could trigger wider international adoption, pressuring other nations to follow suit. Shipowners are watching. A European tanker operator, examining images and footage, expressed interest but noted the need for 'transparent data on lifecycle emission reductions and economic viability over 20‑year vessel lifetimes.' Current trials will last six months to a year, tracking metrics like fuel consumption, sail uptime, and maintenance costs. A detailed performance report is expected by mid‑2026, after which retrofit plans may accelerate.

China's trade surplus grew to $114.7 billion last month
China's trade surplus grew to $114.7 billion last month

Gulf Today

time16 hours ago

  • Gulf Today

China's trade surplus grew to $114.7 billion last month

China's exports regained momentum in June as firms rushed out orders to capitalise on a fragile tariff truce between Beijing and Washington ahead of a looming deadline next month, with shipments to Southeast Asian transit hubs particularly strong. Businesses on both sides of the Pacific are waiting to see whether the world's two largest economies can agree on a more durable deal or if global supply chains will again be upended by the reimposition of duties exceeding 100%. Chinese producers, facing weak demand at home and harsher conditions in the United States, where they sell more than $400 billion worth of goods annually, are also hedging their bets and racing to grab market share in economies closer to home. Customs data on Monday showed outbound shipments from China rose 5.8% year-on-year in June, beating a forecast 5.0% increase in a Reuters poll and May's 4.8% growth. 'There are some signs that frontloading demand is beginning to wane gradually,' said Chim Lee, senior analyst at the Economist Intelligence Unit. 'While frontloading ahead of the August tariff pause deadline is likely to continue, freight rates for China-bound shipments to the US have started to decline.' 'Trade diversion and rerouting appear to be continuing, which will attract the attention of policymakers in the US and other markets,' he added. Imports rebounded 1.1%, following a 3.4% decline in May. Economists had predicted a 1.3% rise. The upbeat set of data helped lift market sentiment with the blue-chip CSI300 up 0.2% at the midday trading break, while the Shanghai Composite Index gained 0.4%, nearing its highest level since October. Analysts and exporters are watching to see whether a deal agreed in June between US and Chinese negotiators will hold, after an earlier agreement reached in May was strained by a series of export controls that disrupted global supply chains for key industries. Exports to the US grew 32.4% month-on-month, with June the first full month of Chinese goods benefitting from reduced US tariffs, although year-on-year growth remained negative. Meanwhile, outbound shipments to the 10-member Association of Southeast Asian Nations jumped 16.8%. China's June trade surplus came in at $114.7 billion, up from $103.22 billion in May. China's rare earths exports rose 32% in June from the month before, the customs data showed, in a sign that agreements struck last month to free up the flow of the metals were possibly bearing fruit. But Chinese negotiators will struggle to talk the US into bringing tariffs down to levels that enable producers to turn a profit, analysts say, warning additional duties that exceed 35% will wipe out margins. 'Tariffs are likely to remain high and Chinese manufacturers face growing constraints on their ability to rapidly expand global market share by slashing prices,' said Zichun Huang, China economist at Capital Economics. 'We therefore expect export growth to slow over the coming quarters, weighing on economic growth,' she added. Beijing faces an August 12 deadline to reach a durable deal with the White House. In the meantime, Trump continues to broaden his global trade offensive with new tariffs on other partners. Analysts warn those measures could indirectly hurt Beijing by pressuring third countries used heavily for transshipments of Chinese goods. Trump recently unveiled a 40% tariff on US-bound transshipments through Vietnam, a move that could undermine Chinese manufacturers looking to reroute shipments and avoid higher duties. The US president has also threatened a 10% charge on imports from BRICS countries, in which China is a founding member, raising further risks for Beijing. Backing its fellow BRICS member, China's soybean imports in June hit a same-month record high, buoyed by a surge in purchases from top supplier Brazil to 9.73 million tonnes, which Trump has slapped with 50% tariffs. Imports of US soybeans, meanwhile, were just 724,000 tonnes. China's crude oil imports rebounded last month and reached the highest daily rate since August 2023, after refineries from Saudi Arabia and Iran increased operations. Iron ore imports climbed 8% from May. Meanwhile Chinese banks extended 2.24 trillion yuan ($312 billion) in new loans in June, more than triple May's total, and beating analysts' forecasts, helped by stimulus measures and a trade truce with the United States. Analysts polled by Reuters had predicted new yuan loans would reach 1.8 trillion yuan in June after 620 billion yuan in May. In the event, it also surpassed last June's 2.13 trillion yuan. Reuters

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