Greater China
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Zhongchang Marine share sale
Shanghai: Bulker owner Zhongchang Marine is selling 99.31m shares, equivalent to 36.33% of the company, on the Shanghai bourse this…
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Pacific Basin mulls selling its towage business
Hong Kong: Pacific Basin, the Hong Kong listed dry bulk carrier operator, is exploring exit options for its towage business.…
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COSL files lawsuit in Norway
Beijing: China Oilfield Services Limited (COSL) announced yesterday that COSL Offshore Management, a wholly-owned subsidiary of the company, has initiated…
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Zhenhua to buy German shipyard
Shanghai: In line with Beijing’s call for Chinese yards to acquire overseas shipbuilders, Shanghai-based Zhenhua Port Machinery Co revealed that…
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CSC Phoenix receives more court verdicts
Shanghai: CSC Phoenix, the loss making subsidiary of Sinotrans & CSC, announced that it has received another two civil rulings…
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CSCL to consolidate terminal assets
Shanghai: China Shipping Container Lines (CSCL) announced that it plans to transfer its 100% equity in China Shipping Terminal Development…
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Zhenjiang Sopo Shipyard in financial dispute
Shanghai: Jiangsu Sopo Group announced that its subsidiary, Zhenjiang Sopo Shipyard, has received a civil complaint from Shanghai Maritime Court…
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Wisdom vessel sinks off West Bengal
Taipei: A Wisdom Marine bulker “MV Bingo”, which was carrying iron ore, is believed to have sunk in the rough…
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Creditors told to help TMT
Houston: Banks in Taiwan and other creditors of the TMT shipping business have been told to help the company seek…
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Oil tanker explodes in Ningbo, 7 dead
Shanghai: An oil tanker “Xuyang 11”, has exploded at Zhangjianqi Shipyard in Ningbo, during repair works. The accident has caused…
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BV to class largest boxships built in China
Shanghai: Bureau Veritas is to class three ultra-large container ships (ULCSs) to be built by China State Shipbuilding Corporation (CSSC)…
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NDRC mulls PetroChina splitting or restructuring
Beijing: With PetroChina’s corruption scandal exposed and several senior officials from the company and its related companies being investigating by…
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More bulkers for China Navigation
Shanghai: China Navigation has returned to China’s busiest yard, Chengxi, for more orders. Following the successful seatrial of the first…
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Sinopec to add 100 natural gas stations in five years
Beijing: One of the leading oil industry players, Sinopec, plans to add 100 natural gas stations in five years with…
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Cancellations for STX Dalian as sister line slashes orderbook
Seoul: In a further blow to the already decimated orderbook at STX Dalian, sister firm STX Pan Ocean announced yesterday…
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Shipping coal futures launch in Shanghai
Shanghai: Shanghai Shipping Freight Exchange has launched the world’s first coal derivatives for shipping capacity delivery today. The contracts will…
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China Shipping Haisheng returns to profit via selling securities
Shanghai: China Shipping Haisheng announced yesterday that the company will return to profit in the third quarter of this year…
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Hainan Strait Shipping business affected by rule changes
Guangzhou: Hainan Strait Shipping, one of the major passenger roro operators in the South China Sea, announced yesterday that the…
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Less than 3% of yards secure 97% of all orders this year
Beijing: Just 2.4% of China’s shipyards secured nearly 97% of all orders in the first eight months according to a…
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Formosa Falcon refloated
Taipei: The Formosa Falcon, run by Taiwan’s Formosa Plastics, has finally been refloated and towed to deeper water. The 39,000…
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