Greater China
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Solis sets up in Hong Kong
Hong Kong: Accident investigators Solis Marine Consultants is opening an office in Hong Kong to go alongside its existing network…
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Guangxi Beibu buys 40% stake in Malaysian port
Kuala Lumpur: China’s Guangxi Beibu Gulf International Port Group is taking a total of 40% stake in Kuantan Port Consortium…
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Ningbo introduces first shipping index
Shanghai: Ningbo Shipping Exchange has introduced its first shipping index, Ningbo Containerized Freight Index (NCFI). “The NCFI will have both…
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CSC Phoenix disposes of vessel under construction
Shanghai: CSC Phoenix has announced that its subsidiary, Changjiang Transport Technology, has signed an agreement to transfer the ownership of…
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Judger Group to restructure
Shanghai: Judger Group, a financially troubled multi-sector enterprise in Zhejiang which operates in the field of shipbuilding, mining, real estate…
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CNPC buys stakes in Kazakh oilfield
Beijing: Chinese state-owned CNPC has signed a deal this weekend with Kazakhstan’s KazMunaiGas (KMG) to purchase a 8.33% stake worth…
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Sinopec tipped to take over Titan’s oil bases
Beijing: Energy giant Sinopec has been linked by local media in buying the oil storage assets of beleaguered Titan Petrochemicals.…
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CSCL dismisses P3 alliance link
Hong Kong: China Shipping Container Lines (CSCL) has dismissed a report in the South China Morning Post claiming it, and…
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STX Dalian Engine delays threaten vessel deliveries
Dalian: STX Dalian Engine, the propulsion arm of financially troubled STX Dalian, is having difficulties delivering products to several domestic…
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PetroChina sued by US investors
Beijing: Pomerantz Grossman Hufford Dahlstrom & Gross LLP, a law firm in the US, has filed a class action lawsuit…
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Pacific Glory faces legal action
Shanghai: Seabridge Bunkering, a Singapore registered bunkering company, has announced that Shanghai-based shipowner, Pacific Glory Shipping, owes bunkering fees to…
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PetroChina scandal escalates
Beijing: The largest ever anti-corruption investigation on China’s oil industry continues. Yesterday CPC Central Committee officially removed former PetroChina head…
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7,000 Yangtze ships set to be scrapped
Shanghai: The Ministry of Transport announced today that Changjiang Administration of Navigational Affairs has allocated RMB1.51bn subsidies to dismantle and…
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Options exercised at Yangzijiang
Shanghai: Yangzijiang Shipbuilding announced yesterday that following four options consisting of two 82,000dwt and two 64,000dwt bulkers that became effective…
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More CSC Phoenix assets frozen
Shanghai: CSC Phoenix announced today that it has received a civil ruling from Hubei Intermediate People’s court. The Bank of…
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Sinotrans & CSC taps Sinopec to save Nanjing Tanker
Shanghai: Sinotrans & CSC, one of the largest logistics providers in China, is working on plans to save its financially-troubled…
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Hainan Strait Shipping adding roros
Guangzhou: Hainan Strait Shipping announced today that it plans to invest RMB375m to build three roros to replace the…
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Wison dragged into Petrochina scandal
Shanghai: Following former PetroChina boss Jiang Jiemin and several senior officials in the company being investigated by authorities for corruption,…
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GSI president resigns
Guangzhou: Guangzhou Shipyard International (GSI) today announced that Yu Baoshan has resigned from his post of president of the company…
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AVIC International gets financing from Exim Bank
Shanghai: AVIC International has signed financing deals with China Exim Bank in Shanghai yesterday under which China Exim Bank will…
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