Greater China
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Landmark moment for Landmark
Shanghai: Steel cutting and keel laying of the first two jackup rigs for Shanghai’s Landmark Corporate Holdings has taken place.…
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CSD to order three LNG carriers for Yamal LNG project
Shanghai: China Shipping Development (CSD) announced today that the board has agreed three 50% controlled single vessel subsidiaries of the…
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CMES borrows $510m for 10 newbuild VLCCs
Hong Kong: China Merchant Energy Shipping (CMES) announced that it has signed a 10-year loan contract with China Exim Bank…
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COSL charters jack-up rig from ICBC Leasing
Shanghai: China Oilfield Services Limited (COSL) announced that it has chartered a 400-feet jack-up rig “Excellence I”, from ICBC Financial…
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Tianjin Marine signs LOI for two VLCCs
Dalian: Tianjin Marine continues to diversify from its boxship origins. The company, whose controlling shareholder is the HNA Group, has…
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Oriental Energy inks VLGC charter contract
Shanghai: Oriental Energy, a Chinese clean energy group, announced that it has signed a ship chartering contract with Panama-registered Southern…
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Cosco Shipyard outlines offshore challenges
Dalian: Orders for offshore rigs have dropped this year as have prices, according to the head of offshore for Cosco…
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Yang Ming works leaseback deal
Taipei: Yang Ming Marine Transport has sold an 8,200 teu containership and taken it back on leaseback in order to…
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China leads the world in port productivity
Shanghai: Chinese container ports are the world’s most productive, according to the 2013 JOC Port Productivity Data rankings released this…
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STX Dalian officially enters restructuring process
Dalian: Dalian Intermediate People’s Court made an announcement that financially troubled STX Dalian and six subsidiaries of the company have…
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Cosco Shipyard: Offshore challenges
Dalian: Orders for offshore rigs have dropped this year as have prices, says the head of one of the leading…
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CCS teams up with ICBC Leasing
Shanghai: China Classification Society (CCS) has signed a strategic agreement with ICBC Leasing to strengthen their ties in the shipping…
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Sale of Pacific Basin’s towage division falls through
Hong Kong: In a big setback to Pacific Basin’s strategy to focus its business more exclusively on dry bulk, its…
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Wine scandal involving Dalian shipowner uncorked
Dalian: China’s massive anti-graft campaign has snared a high profile shipping company in Dalian. Haichang Group, a diverse conglomerate involved…
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Kawasaki Heavy confirms plans to build LNG ships in China
Dalian: Japanese shipbuilder Kawasaki Heavy Industries has confirmed plans to construct gas carriers in China in a bid to be…
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Chinese banks make yard white list for offshore finance
Dalian: Chinese banks are more cautious of providing finance to the offshore industry to avoid overcapacity according to Chinese bank…
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DSIC warns jack-up demand is dropping
Dalian: The offshore market is not very optimistic this year, delegates were told at the MarineMoney Offshore event at Dalian…
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Management shuffle at JES
Singapore: There’s been some management shuffles at Chinese yard JES International. The chief financial officer, Patrick Kan, who was also…
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Wallem Ship Agency appoints new boss
Hong Kong: Wallem Ship Agency has a new leader in Dickson Chin, who has been promoted to the position of…
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Cape pair for New Times
Shanghai: Korean bulker giant Pan Ocean has given China’s New Times Shipbuilding an order for two big capesizes. The 207,000…
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