Greater China
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China Merchants looks to raise $2bn
Hong Kong: China Merchants Holdings International, the largest port operator in China, is issuing mandatory convertible securities worth up to…
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Shagang arrests second HNA vessel in two weeks
Hong Kong: Hong Kong-based Shagang Shipping has gained an order for the arrest of HNA-controlled oil tanker MV Guangzhou at…
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ABB invests RMB2bn in Xiamen
Guangzhou: ABB Group has signed an agreement with Xiamen Torch Hi-tech Industrial Development Zone to jointly develop an ABB industrial…
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Univan: Shipmanagement is “a very positive story”
Hong Kong: Shipmanagement has a bright future as owners look to outsource more and more, says Bjorn Hojgaard, ceo of…
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Zhuhai Port breezes into wind power business
Guangzhou: Zhuhai Port Holdings announced that it has entered an equity transfer agreement with three private shareholders of Zhejiang Kexiao…
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Boxship quintet for Cosco
Shanghai: China Cosco Holdings is making up for lost time unveiling brief details of its latest order. Cosco had been…
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German pair bag Exim cash
Beijing: The state’s willingness to support its ailing shipbuilding industry has been shown once again by news from Xinhua that…
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Rongsheng refinancing debt after huge losses
Shanghai: China’s largest private shipyard, Rongsheng Heavy Industries has reported a huge loss of RMB8.68bn for the fiscal year of…
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Sainty Marine bags boxship orders from Dutch owner
Shanghai: Sainty Marine announced that it has signed shipbuilding contracts with Dutch owner Universal Marine for the construction of four…
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China Shipping establishes South America holding company
Shanghai: China Shipping Group, one of the largest state owned shipping companies in China, has established its South America branch,…
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COSCO applies to resume normal stock trading
Shanghai: Following two consecutive years of losses, COSCO reported a net profit of RMB235m for the fiscal of 2013, thanks…
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CNOOC reinforces LNG partnership with Total
Beijing: CNOOC, one of the largest energy companies in China, has signed an LNG cooperation agreement with Total to strengthen…
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Chongqing Port takes RMB100m loan
Shanghai: Chongqing Gangjiu, the operator of Chongqing Port, announced that its subsidiary Chongqing Gangjiu Wanzhou Port Company plans to apply…
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Shell opens Shanghai lube centre
Shanghai: Shell has opened a new technology centre in Shanghai dedicated to research and development into lubricants and oils. The…
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Hainan prioritizes shipping and logistics development
Guangzhou: Hainan province will prioritize the development of shipping and logistics industry as part of its strategy to transform its…
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COSL orders two subsea vessels
Beijing: China Oilfield Services Limited (COSL) has placed orders at Tongfang Jiangxin Shipbuilding for the construction of two subsea support…
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CSC Phoenix assets unfrozen
Shanghai: CSC Phoenix, the financially troubled subsidiary of Sinotrans & CSC under restructure, announced that Wuhan Maritime Court has unfrozen…
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Court approves CSC Phoenix restructure
Shanghai: CSC Phoenix announced that Wuhan People’s Intermediate Court has approved the restructuring plans of the company, which is now…
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Jiangsu Haitong appoints new general manager
Shanghai: Jiangsu Haitong Offshore Engineering announced that it has appointed Xu Caizhong as the general manager of the company. Xu…
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Xiamen Port to support Chaozhou Port development
Guangzhou: Xiamen Port Group announced that it will inject RMB97.3m into subsidiary Chaozhou Port Company to support its development of…
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