Greater China
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Coronavirus costing liners up to $350m in lost revenues every week
As China partially returned to work today, data from Copenhagen-based Sea-Intelligence suggests the coronavirus has been costing liners up to…
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China struggles to get back to work
Beijing decided over the weekend against officially extending the Lunar New Year holidays for another week. However, today was marked…
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Yang Ming boxship arrested in Australia over pollution cleanup debt
Taiwanese shipping line Yang Ming Marine Transport’s 4,250 teu containership was arrested at Port Botany in Australia on Sunday at…
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Noble trims its cape arm
Shortly after Noble confirmed the sale of a 2012-built post-panamax, the commodity trading firm has found a buyer for another…
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Shipping braces for extended factory closures in coronavirus-hit China
The global shipping industry is watching closely for any official announcement from Beijing on whether the Lunar New Year holidays…
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80% of the VLOC orderbook now controlled by Chinese leasing companies
Four out of every five very large ore carriers (VLOCs) on order are controlled by Chinese leasing companies, data from…
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CSSC Shipping raising $800m to grow leasing business
CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation (CSSC), has announced a plan to issue two bonds…
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Is Kenya’s Mombasa Port another victim of China’s debt diplomacy?
The crescendo around claims that the Belt Road Initiative (BRI) is nothing more than Chinese debt diplomacy to secure strategic…
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Tianjin Port shuffles top management
Tianjin Port has announced that the company’s chairman Liang Yongcen and president Liu Qingshun have stepped down from their positions…
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Maple Leaf springs for first post-panamax
Chinese handy specialist Maple Leaf, the shipowning arm of Taizhou Maple Leaf Shipbuilding, has dipped into the secondhand market. The…
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Coronavirus predicted to wipe 6m teu of Chinese box volumes in Q1
Every segment of the shipping industry is now choking on reduced volumes of cargoes sparked by the coronavirus in China,…
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Brightoil to dispose of oil trading and bunkering business to stay afloat
Chinese private energy company Brightoil Petroleum has submitted a business resumption plan to the Hong Kong Stock Exchange as the…
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China Merchants Port Holdings appoints new chairman
China Merchants Port Holdings has announced the appointment of Deng Renjie as the new chairman of the group. Deng replaces…
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Coronavirus sparks force majeure conjecture
Shipowners are having to reacquaint themselves with the disruptive intricacies of force majeures on their daily operations in the wake…
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China’s Belt Road Initiative – consolidation or dislocation?
There has been ongoing commentary that China’s BRI is about to collapse as it was ill conceived and planned. After…
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Markets take a coronavirus battering
On a brutal morning at the markets, almost $370bn in market capitalisation was wiped off the benchmark Shanghai Composite index…
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US lifts sanctions on Cosco tanker unit
The US government has lifted sanctions against a tanker unit of Cosco, China’s state-run shipping conglomerate, partially reversing its punishment…
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Coronavirus: Chinese ports grind to a halt while yards declare force majeure
Agents and brokers are reporting operations are slowing down at Chinese ports and shipyards as the coronavirus takes its toll…
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China Steel Express readies vintage cape clear-out
Likely with rising fuel prices in mind, China Steel Express, the shipping arm of Taiwan’s largest steel producer, is readying…
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Ship operation advice floods in as coronavirus spreads
Advice is coming in from across the world on preparation crew ought to be taking in the wake of the…
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