Greater China
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New investors to take over Shanghai Bestway
Financially troubled shipbuilding and ship design group Shanghai Bestway Marine Engineering Design has entered into an agreement with investors Xiamen…
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FOSCO makes cape entrance
Numerous broking reports report that low key Fujian based bulker owner Fujian Ocean Shipping has snapped up its biggest ship today. …
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CSC Phoenix to scrap handy bulker
Chinese dry bulk shipping operator CSC Phoenix has announced a plan to list its 1987-built 42,336 dwt handy bulker for…
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Shanghai Ganglu Shipping orders supramax pair at Yangzijiang
Chinese bulk shipping operator Shanghai Ganglu Shipping has signed shipbuilding contracts with Yangzijiang Shipbuilding for the construction of two 56,000…
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Tung family buys into GasLog
Hong Kong’s Tung family has become the newest shareholder of New York-listed LNG carrier operator GasLog. GasLog announced that it has sold…
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Hsin Chien Marine retests the warming cape market
A remarkable change has been witnessed of late in the dry bulk market with demand ramping up significantly. One owner…
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China Ocean Industry settles dispute with debt for equity deal
Financially troubled shipbuilding group China Ocean Industry has announced that it has received of enforcement ruling from a court in…
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Wisdom Marine raising cash for fleet expansion
Taiwanese bulk shipping operator Wisdom Marine has announced a plan to raise $63.8m from its current shareholders. The share offering…
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Zheshang Development takes over Zhejiang Shipping Group
State-run commodity trader Zheshang Development has announced a restructuring plan to take over bulk shipping operator Zhejiang Shipping Group. Under…
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China launches low-sulphur fuel futures
China has started the trading of the futures of low-sulphur fuel on the Shanghai International Energy Exchange from today. Prior…
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Frank Coles calls for modern day Berlin Airlift to resolve the crew change crisis
Wallem boss Frank Coles has called for a modern day ‘Berlin Airlift’ to fix the crew change crisis. The head…
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CSSC appoints new chairman
China State Shipbuilding Corporation (CSSC) has announced the appointment of Zhang Yingdai as its new chairman, replacing Lei Fanpei who…
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Court approves Agritrade Resources debt restructuring
Hong Kong-listed Agritrade Resources has announced that the Supreme Court of Bermuda has permitted the board to work with joint…
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FSL Trust gets another boxship back from Yang Ming
Singapore shipping trust First Ship Lease Trust (FSL) has taken redelivery of another of its 2008-built 4,250 teu boxships from…
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Franbo Lines offloads general cargo vessel
Taiwanese bulk carrier operator Franbo Lines has announced that the company has sold its 2008-built 9,000 dwt general cargo vessel…
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ITF gives its blessing for seafarers to down tools
Monday saw the International Transport Workers Federation (ITF) give the go-ahead for stranded seafarers everywhere to down tools in potentially…
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Zhejiang Shipping Group to order two supramax bulkers
State-run Zhejiang Shipping Group has issued an tender seeking shipyards to construct two 51,000 dwt supramax bulk carriers. The company…
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Primeline Energy insolvent
Primeline Energy has announced that the company insolvent due to inability to repay debts and damages related to a joint…
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Shanghai Bestway secures major jackup rig order during restructuring
Shanghai Bestway Marine Engineering Design has announced that its subsidiary yard Dajin Heavy Industry has secured a newbuild order from…
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State-run player completes restructuring of Zhoushan Penglai Shipyard
State-run enterprise Ningbo Ningshing Group has completed the restructuring of bankrupt Zhoushan Penglai Shipyard and rebranded the yard as Ningshing…
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