Greater China
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Courage Marine raises $10m via vessel sale
Hong Kong: Hong Kong-based Courage Marine announced that the company is to obtain financing to the total amount of US$10m,…
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Bank of Communications drops lawsuit against CSC Phoenix
Shanghai: CSC Phoenix announced that one of its creditor banks, Bank of Communications, has applied with Wuhan Intermediate People’s Court…
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Sesoda orders six bulkers
Taipei: Taiwan’s largest potash manufacturer, Sesoda, has announced that the company has ordered six bulkers through its subsidiaries and joint…
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CMES disposes of old tanker
Shanghai: China Merchants Engery Shipping (CMES) announced that a subsidiary of the company has signed a contract with Jiangmen Xinhui…
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Xiamen developing cruise infrastructure rapidly
Shanghai: Xiamen is developing rapidly as a cruise hub, with local authorities reporting that some 26 cruiseships are expected to…
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OOIL is Jefferies’ top liner pick
Hong Kong: Investment bank Jefferies’s latest transport report has kept Hong Kong’s OOIL as its top liner pick among listed…
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Brightoil spending $1.08bn to buy out Anadarko’s China assets
Hong Kong: Brightoil Petroleum Holdings is buying Anadarko Petroleum’s China business for $1.08bn, making good on Brightoil’s boss claims to…
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Vale confident its ships will enter China soon
Rio de Janeiro: The head of Vale’s iron ore unit, Jose Carlos Martins, has dismissed Beijing’s latest port restrictions as…
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Jinhui sells bulker pair to Grimstad for $56m
Hong Kong: Hong Kong-listed Jinhui Shipping and Transportation has made $56m from selling two handymax bulkers to Grimstad Shipping. “The…
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Hong Kong to get dedicated maritime bureau
Hong Kong: Finally, the Hong Kong government is to focus more attention on shipping. A new maritime bureau, which will…
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Fujian to establish local cruise company within 5 years
Guangzhou: Fujian Department of Communications has just released a guidance regarding the enhancement of water transport services. According to the…
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Agritrade Resources sells shares to fund ship acquisitions
Hong Kong: Hong Kong-listed mine operator, Agritrade Resources, announced that the company is to purchase 12 vessels including six towage…
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Zhenhua inks jackup pair
Shanghai: The Chinese port machinery company, Zhenhua Heavy Industry, has inked contracts with Lovanda Offshore and Lovansing Offshore to build…
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Livestock carrier pair for Cosco Guangdong
Guangzhou: Cosco Guangdong Shipyard has won an order from an unspecified European owner to build two 4,500 sq m livestock…
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Shandong Shipping to order 6 VLGC newbuilds
Dalian: Shandong Shipping will shortly confirm six 83,000 cu m VLGCs at Jiangnan Shipyard as it looks to further expand…
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Sinotrans Shipping continues 2014 aggressive fleet buildup
Hong Kong: Sinotrans Shipping made plain a couple of months back it would get seriously back into ordering mode and…
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Shenzhen Chiwan to integrate bulk business
Guangzhou: Shenzhen Chiwan Wharf Holdings announced that the board of the company has agreed to merge with two of its…
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November trials for China’s first fully automated box terminal
Shanghai: China’s first fully automated container terminal will start trial operations this November. The Yuanhai container terminal in Xiamen will…
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Sainty Marine inks financial leasing deals
Shanghai: Sainty Marine announced that two of its subsidiaries Sandy Shipping and Shiny Shipping have signed bareboat chartering contracts with…
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November opening for Zhoushan cruise terminal
Shanghai: To promote the development of the Zhoushan Islands, Zhejiang provincial development and reform commission has approved a project to…
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