Greater China
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Courage Investment proposes capital reorganisation, eyes bulker acquisitions
Hong Kong-listed Taiwanese owner Courage Investment has proposed a capital reorganisation by way of capital reduction, share premium account reduction…
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Rubis orders asphalt carrier at China Merchants Jinling
France-based Rubis Group has placed an order at China Merchants Jinling Shipyard for the construction of a 15,000 dwt asphalt…
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Zhejiang Satellite adds another six VLECs
Zhejiang Satellite Petrochemical has fixed an additional six 98,000 cu m VLECs through newbuild orders and charters in order to meet its growing…
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Ciner Shipping inks sale and leaseback with CSSC Shipping for newbuild suezmax tanker pair
Ciner Shipping, led by Turkish owner Turgay Ciner, has entered into an agreement with CSSC Shipping, the financial leasing unit…
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Administrators to sell unfinished Guiqin Shipping vessel
The administrators of bankrupt Qinzhou Guiqin Shipping have listed an unfinished 6,000 dwt multipurpose vessel for auction via online platform…
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Ningbo Marine secures coal COA from Zhejiang Energy
Ningbo Marine has entered into a contract of affreightment (COA) with its parent group Zhejiang Energy for shipping services. Under…
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Asia Energy Logistics to liquidate vessel investment unit
Hong Kong-listed bulker owner Asia Energy Logistics (AEL) has announced that the board has decided to liquidate wholly owned subsidiary…
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New Dayang Shipbuilding secures debut crane vessel order
China’s New Dayang Shipbuilding has secured an order from domestic company Wenzhou Haobo Harbor Engineering for the construction of a…
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US suspends shipping tax exemptions with Hong Kong
The US government has announced that it has suspended three bilateral agreements with Hong Kong, including shipping tax exemptions, as…
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Two ships collide near Shanghai causing major fire, 14 missing
An oil tanker collided with a sand barge near the estuary of the Yangtze River off Shanghai this morning, with…
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Cosco orders chemical tanker at Chongqing Chuandong Shipyard
China Shipping Chemical Carrier, a unit of Cosco Shipping Group, has entered into a letter of intent with Chongqing Chuandong…
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Cosco to reduce stake in CIMC
China International Marine Containers (CIMC) has announced that its shareholders Cosco Shipping Development, Broad Ride Limited and Promotor Holdings have…
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Hong Kong port at the centre of major Covid-19 outbreak
A new wave of the Covid-19 outbreak has hit Hong Kong with nearly half of the latest cases coming from…
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Noble Group offloads post-panamax bulker for $11m
Restructured commodity trader Noble Group Holdings has announced that it has completed the sale of 2010-built post-panamax bulker . The…
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Fujian to integrate port assets
China’s Fujian province, on the country’s southeast coastline, has started a restructuring of the region’s port assets to optimise operating…
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Chinese authorities investigate liners as transpacific rates hit record territory
China’s Ministry of Transport has sent letters to six major containerlines, asking them for explanations behind the recent freight rate…
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Pangaea offloads supramax to China’s Sea Ray
US bulker owner Pangaea Logistics Solutions has revealed the sale of one of its older bulkers in its second quarter…
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Hong Kong Seaport Alliance offers remedy to address competition concerns
Long plagued by monopoly accusations, the Hong Kong Seaport Alliance, formed by four of the five container port operators at…
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Investors sink more cash into Shanghai Bestway
Financially troubled Shanghai Bestway Marine Engineering Design has announced that new investors Longhai Investment and Shanghai Dingguo have agreed to…
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Jiangnan Shipyard confirms Kumiai Senpaku LPG carrier order
China State Shipbuilding Corporation (CSSC) has announced that its subsidiary Jiangnan Shipyard has entered into a letter of intent with…
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