Greater China
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Senior officials sanctioned for insider trading of Ningbo Marine shares
China Securities Regulatory Commission (CSRC) has announced sanctions on six individuals for insider trading of Ningbo Marine shares prior to…
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Explosion onboard U-Ming bulker kills one
A crew member was killed in an explosion incident onboard the 2014-built bulker on Monday. The incident happened when the…
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Boskalis orders new crane vessel for Taiwan offshore wind contract
Royal Boskalis Westminster and its Taiwanese partner Hwa Chi Construction have been awarded the foundation scope for the Taiwanese Changfang…
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Maersk to expand collaborations with Lingang Group
Danish shipping group Maersk has entered into a strategic cooperation agreement with state-run port and logistics park developer Shanghai Lingang…
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Wisdom Marine orders kamsarmax pair at Tsuneishi Zhoushan
Taiwanese bulker owner Wisdom Marine has approved a plan to order two 82,300 dwt kamsarmax bulk carriers at Tsuneishi Zhoushan…
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Franbo Lines confirms bulker acquisition
Taiwanese owner Franbo Lines has announced the acquisition of 2008-built 28,361 dwt handy bulker from Danish company ID Shipping, confirming…
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Beijing gives green light to CSSC and CSIC merger
China’s State Coucil has officially given approval to the merger between two state-run shipbuilding groups China State Shipbuilding Corporation (CSSC)…
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Washington issues two-month sanctions waiver over Cosco’s tanker unit
The US Treasury Department yesterday issued a nearly two-month waiver for companies to wind down transactions with Cosco Shipping Tanker…
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Xin Yuan Enterprises diversifies into dry bulk
Hong Kong-listed asphalt tanker operator Xin Yuan Enterprises has announced the acquisition of a secondhand capesize bulker for a price…
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Winson offloads tanker for $14.25m
Taiwanese tanker player Winson has sold the fifteen-year-old 105,000 dwt for $14.25m, brokers tell Splash. Winson bought the ship for…
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Teekay and Cosco resolve Yamal LNG sanction issues
Teekay LNG and China LNG Shipping’s 50/50 Yamal LNG joint venture has been cleared from US sanctions, after Cosco restructured…
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Total and Zhejiang Energy set up bunkering joint venture
Total and Chinese state-owned Zhejiang Energy Group have entered into an agreement to create a joint venture to tap into…
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China Merchants Port eyes overseas port projects
China Merchants Port Holdings has signed strategic cooperation agreements with China Africa Development Fund and China Portugal Cooperation Development Fund…
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Baowu Steel and Vale form strategic partnership
China’s largest steel producer Baowu Steel Group has signed a series of strategic agreements with Brazilian miner Vale to explore…
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China Merchants Heavy Industry eyes private funding and listing
China Merchants Heavy Industry (CMHI), the shipbuilding arm of state-run China Merchants Group, has initiated a mixed-ownership reform by tapping…
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Former Swire supremo James Hughes-Hallett dies at 70
James Hughes-Hallett, the former chairman of Swire Group, passed away on October 12 at the age of 70 after a…
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Jutal Offshore secures $490m worth of new contracts
Chinese company Jutal Offshore Oil Services has announced that the company has obtained a slew of new contracts with total…
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Hutchison adds more capacity at Karachi
Imran Khan, prime Mminister of Pakistan met Eric Ip, group managing director of Hutchison Ports, yesterday to discuss the Hong…
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Zheshang Development to take over Zhejiang Shipping Group
Shenzhen-listed bulk commodity trader Zheshang Development has announced a plan to acquire Zhejiang Shipping Group from its controlling shareholder Zhejiang…
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Nanjing Tanker ordering tanker newbuild
Nanjing Tanker, a tanker unit of China Merchants Group, has issued a tender offer for the construction of a 24,000…
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