Greater China
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Hosco sells two modern VLCCs
Dalian: Hebei Ocean Shipping Co (Hosco) has sold two 297,376dwt VLCCs – Peace China and Grand China – to Greek…
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OOCL launches new Thailand, Vietnam and Malaysia service
Hong Kong: OOCL is launching a new Vietnam/Thailand/Malaysia Service (VTS) which includes a direct service to Pasir Gudang. The new…
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Beijing adds further support to shipbuilding industry
Beijing: China's State Council has issued a three-year plan to upgrade and restructure the troubled shipbuilding industry. Shipbuilders will be…
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Tianjin port strengthens heavy equipment handling ability
Beijing: The northern bulk cargo centre, Tianjin port, started construction of a heavy equipment terminal at Dagukou port area this…
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CMES exercises options for four VLCCs
Dalian: China Merchants Energy Shipping (CMES) announced that it has informed Dalian Shipbuilding Industry (DSIC) and Waigaoqiao Shipbuilding to exercise…
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Chinese-funded terminal starts operation in Sri Lanka
Colombo: Colombo International Container Terminal (CICT), 85% owned by the state-run China Merchant Holdings International, has started operation today. The…
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Pac Basin’s aggressive fleet build-up
Hong Kong: Pacific Basin has returned to profit for the first half of this year as well as chalking up…
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Orders roll in for Cosco Shipyard
Shanghai: Cosco Dalian Shipyard has secured a contract from an unspecified Chinese company to build two deepwater platform supply vessels.…
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Ince & Co bolsters team in Shanghai
Shanghai: Ince & Co has appointed lawyer Dimitris Seirinakis as a consultant based in the firm’s Shanghai office. Seirinakis will…
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Hong Kong investment group eyes STX Dalian takeover
Dalian: Asia Rural Development Foundation Holdings, a Hong Kong-based investment group, is planning to take over the financially-troubled STX Dalian,…
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Minsheng Bank to seize 12 CSC Phoenix vessels
Shanghai: CSC Phoenix announced today that it has received another civil ruling from Wuhan Maritime Court for vessels to be…
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Jinjiang Shipping set for expansion
Shanghai: Shanghai-based shipping company, Jinjiang Shipping, is mapping new route development and expansion of the company’s business. “We are researching…
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CNOOC inks production sharing contract with Shell
Beijing: China National Offshore Oil Corporation (CNOOC) has signed a production sharing contract (PSC) with Shell China Exploration and Production…
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Seadrill adds more jack-ups at Dalian
Dalian: Seadrill has added another two jack-up drilling rigs at Dalian Shipbuilding Industry Offshore Co (DSIC Offshore). The newbuild rigs…
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Zhongchang Marine replenishes capital of subsidiaries
Shanghai: Zhongchang Marine, the only listed private shipping company in China, announced today that it will replenish capital of two…
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Cosco might sell property assets to avoid delisting
Shanghai: Cosco Holdings might sell some of its property assets to avoid delisting from Shanghai Stock Exchange, Reuters has reported.…
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Rongsheng to issue HK$1.4bn in convertible bonds
Hong Kong: China Rongsheng Heavy Industry announced that the company has conditionally agreed to issued HK$1.4bn convertible bonds due 2016.…
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GSI wins Henghou bulker pair
Guangzhou: Guangzhou Shipbuilding International (GSI) has inked a contract for two 25,000 dwt bulk carriers with domestic company Henghou Group.…
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Lianyugang port to issue new shares
Shanghai: Lianyungang Port Group has received approval from China Securities Regulatory Commission (CSRC) to issue 351m non-public A shares in…
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More losses for Cosco
Hong Kong: China COSCO Holdings announced that the group is expected to record a loss attributable to shareholders for the…
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