Hong Kong
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Greater China
Pacific Basin acquires five Japanese-built bulkers
Hong Kong’s Pacific Basin has announced the acquisition of four secondhand bulkers and one resale bulker, via five separate contracts,…
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Greater China
Hong Kong startup launches blockchain project designed to transform container shipping
A Hong Kong startup has launched a new blockchain initiative today that it claims could transform container shipping. 300cubits announced…
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Americas
Gerry Wang to leave Seaspan
Seaspan Corporation has announced that co-founder, co-chairman and CEO Gerry Wang will be retiring. Seaspan said that Wang is retiring…
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Greater China
Noble Group to slash headcount to just 400
Noble Group, Asia’s largest commodities trader at the start of this decade, will slash its staff to just 400 in…
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Greater China
Cosco announces more details of OOCL acquisition
Cosco Shipping has announced more details of its recent offer to take over Hong Kong’s OOIL, the parent of OOCL,…
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Maritime CEO
Oak Maritime: Fear and loathing in shipping
Jack Hsu, managing director of Oak Maritime (Hong Kong), is on typically engaging form when Maritime CEO comes calling, touching…
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Greater China
Fred Cheng linked with two more capes
Fred Cheng has been busy adding more capes to his company Shinyo International, doubling the size of his fleet this…
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Greater China
Shanghai Stock Exchange questions Cosco over OOCL takeover deal
Shanghai Stock Exchange has sent an inquiry letter to China Cosco Shipping Holdings, demanding more details on the company’s recent…
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Greater China
Tungs remain active in the MR tanker sphere
In the wake of lining up the sale of their containerline, Hong Kong’s Tung family are keeping active in the…
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Containers
The intriguing marriage dance of OOCL and Cosco
The container shipping consolidation claimed another mid-size player and, if approved, will catapult the buyer into the small group of…
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Maritime CEO
TCC Group: Shipping has no accountability these days
The actual norm of shipping being a high risk, specialised business has been widely ignored, argues the head of one…
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Greater China
Valles concludes first sale in three years
Valles Steamship has been linked with its first ship sale since 2014. The conservative Hong Kong owner is reported by…
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Greater China
Cartel concerns resurface in wake of OOCL sale
Shippers are getting concerned by the dramatic drop in choice of carriers in the wake of the unprecedented consolidation seen…
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Greater China
Cosco takes OOCL, eyes CMA CGM
With a protracted deal for Hong Kong’s OOCL now done and dusted, Cosco Shipping is turning its attention to Marseille-based…
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Greater China
Reflecting on the Tungs’ stunning sale of OOCL
Some stories in this shipping game are harder than others to remain objective about. The sale of Orient Overseas Container…
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Maritime CEO
Irwin Marine Services: China repair expertise
Irwin Marine Services, a Shenzhen-based ship repair company serving the China market, is expanding with new business plans. David Schaus,…
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Greater China
Shares in OOCL’s parent climb to five-year high on renewed Cosco takeover speculation
Shares in the parent of Hong Kong containerline OOCL touched highs not seen for more than five years today as…
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Greater China
OOCL denies Cosco takeover talks
OOCL, the Hong Kong containerline at the centre of renewed speculation over a takeover by Cosco, has firmly dismissed the…
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Greater China
OOCL and Cosco quiet on takeover talk
Orient Overseas Container Line (OOCL) and Cosco Shipping have both kept quiet today on the latest container consolidation news. Shares…
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Greater China
Tungs reportedly planning Hong Kong reunification gift with OOCL sale to Cosco
July 1 will mark 20 years since former OOCL boss Tung Chee-hwa became the first chief executive of Hong Kong…
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