Greater China
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Qatar’s record-breaking ship order: the big picture
The global shipbuilding paradigm has changed dramatically in the space of just 24 hours. Bluechip owners wanting their VLCCs or…
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New Times Shipbuilding secures orders for four suezmax tankers
Chinese private yard New Times Shipbuilding has secured new orders for four 158,000 dwt suezmax tankers from two European owners.…
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Saga LNG strikes midsize LNG carrier deal with Venerable LNG
David Wu’s Saga LNG Shipping has entered into a memorandum of understanding with India’s Venerable LNG (VLNG) to provide mid-size…
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CSSC and CNOOC partner up on LNG-propulsion conversion of river vessels
China State Shipbuilding Corporation (CSSC), China National Offshore Oil Corporation (CNOOC) and Guangdong government have entered into a framework agreement…
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Zhejiang Seaport Shipping orders feeder boxship quartet at Yangzijiang
Zhejiang Seaport Shipping, the shipping unit of state-run Zhejiang Seaport Group, has entered into shipbuilding contracts with Yangzijiang Shipbuilding for…
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Wisdom Marine raising $13.3m for fleet expansion
Taiwanese bulker operator Wisdom Marine has announced that the company will issue new shares to raise around TWD400m ($13.3m). The…
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China Merchants confirms order for four heavylift vessels
China Merchants Energy Shipping (CMES) has officially entered into shipbuilding contracts with China Merchants Jinling Shipyard for the construction of…
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Cosco bulker runs aground on Parana River twice in three days
Cosco’s 81,000 dwt panamax bulk carrier ran aground twice this week on the Parana River in Argentina. The vessel ran…
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Stanley Ho dies
Stanley Ho, one of the most colourful Asian tycoons of the last century, passed away at a hospital in Hong…
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Fugro and IOVTEC awarded geotechnical contract in Taiwan
Dutch subsea and geotechnical specialist Fugro and Taiwanese subsea survey company International Ocean Vessel Technical Consultant (IOVTEC), who last month…
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Titan Petrochemicals proposes financial reorganisation
Hong Kong-listed Titan Petrochemicals has proposed to implement a capital organisation scheme to enhance its financial flexibility. The proposed scheme…
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Taiwan Navigation returns to Oshima for ultramax order
Bulk carrier operator Taiwan Navigation has entered into a shipbuilding contract with Japan’s Oshima Shipbuilding for the construction of one…
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COSL charters abandoned PSV pair
COSL, the offshore service unit of CNOOC, has fixed charter contracts for two newbuild PSVs with Waigaoqiao Shipbuilding. The two…
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CSSC Shipping secures $116.8m financing for ship acquisitions
CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation, has announced that the company has entered into an…
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Beijing details $667bn infrastructure-focused stimulus package
Infrastructure spending is set to be ramped up in China, much to the joy of the world’s dry bulk shipping…
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Nanye Group takes control of CSC Phoenix
Chinese domestic dry bulk operator CSC Phoenix has announced that Nanye Group has become the controlling shareholder of the company…
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Explosion rocks chemical tanker on Yangtze River
An explosion damaged the 2018-built chemical tanker Qiu Feng 6 on Wednesday and injured two crew members. The incident occurred…
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Shipping awaits Chinese stimulus salvation
Sales of diggers in China are leaping fast, a hopeful sign ahead of tomorrow’s National People’s Congress in Beijing where…
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Gerry Wang makes progress with new LNG venture
Tiger Clean Energy (TCE), led by former Seaspan CEO Gerry Wang, has entered into a sale and purchase agreement with…
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Fredriksen’s SFL seals newbuild VLCC deal with Landbridge
John Fredriksen’s SFL Corporation has acquired a newbuild 308,000 dwt VLCC from China’s Landbridge Group, and bareboat chartered it back…
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