Greater China
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Nanjing Tanker to acquire 20 tankers
Shanghai: The loss-making tanker arm of Sinotrans & CSC Group, Nanjing Tanker has announced that the company plans to acquire…
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Xiamen Port funds Hailong Terminal expansion
Guangzhou: Xiamen Port Holdings announced that the board has decided to inject RMB290m into its wholly-owned subsidiary Xiamen Hailong Terminal…
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15 crew rescued off Dalian
Dalian: Fifteen North Korean sailors have been rescued after a Cambodia-flagged cargo ship sank off Lushun, Dalian, on the northeastern coast…
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Rizhao port invests in iron ore jv
Dalian: Northeast Chinese port operator, Rizhao port, announced that the company is to set up a jv with Shandong Iron…
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China exempts VAT to overseas owners
Beijing: The Chinese government has issued a new circular on its value-added tax policy that relates to maritime commerce. Chinese…
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Cosco orders four VLCCs
Dalian: As it makes plain its desire to order plenty new ships in the coming months Cosco Group has signed…
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New Taiwan owner plans feeder fleet
Taipei: Logistics firm TVL Business Group has branched out and established a dedicated shipping subsidiary. Founded in the 1970s, the…
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CMB Leasing takes back CSC Phoenix vessel
Shanghai: CSC Phoenix announced today that CMB Leasing has taken back the vessel “Chang Lu Hai” under a financial leasing…
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Shanghai Institute of Marine Insurance launches
Shanghai: China’s first professional marine insurance association, Shanghai Institute of Marine Insurance (SIMI) has been officially launched yesterday. The members…
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CLNG to bid on Yamal LNG transport project
Shanghai: China Merchants Energy Shipping (CMES) has announced that the board has approved China LNG Shipping Holdings (CLNG), the joint…
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Zhongchang Marine in RMB30m bonds issue
Shanghai: Zhoushan Zhongchang Marine announced yesterday that the company has gained approval from Zhejiang Equities Exchange Centre to issue RMB30m…
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CSC Phoenix warns investors
Shanghai: CSC Pheonix, the loss-making subsidiary of Sinotrans & CSC Group, has today released a risk notice to investors. In…
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Rongsheng issues HK$1bn bonds
Hong Kong: Rongsheng Heavy Industries announced yesterday that it has issued HK$1bn convertible bonds due 2016. After deduction of commissions…
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RHI bags PSV orders
Shanghai: Jiangsu Rainbow Heavy Industries announced yesterday it has signed shipbuilding contracts with three subsidiaries of Norwegian owner Golden Energy…
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CSC Phoenix still under siege
Shanghai: As year end approaches financially troubled CSC Phoenix is making a last effort to restructure the company. However, the…
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COSCO to order 9 vessels
Beijing: COSCO announced today that the board has approved a fully controlled subsidiary to order four 64,000 dwt handysize bulkers…
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Two senior officials from CSSC resign
Beijing: China State Shipbuilding Corporation (CSSC), one of the two largest state owned shipbuilding giants in China, announced that the…
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CSD integrates bulk operations
Shanghai: China Shipping Development (CSD) has done some quick internal deals to help prop up its financials ahead of the…
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RHI to establish Hong Kong subsidiary
Shanghai: Jiangsu Rainbow Heavy Industry (RHI) announced that it plans to establish a subsidiary in Hong Kong as part of…
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Taizhou Sanfu wins Precious eight vessel order
Bangkok: Precious Shipping has announced that it has entered into eight shipbuilding contracts with Taizhou Sanfu Ship Engineering, for four…
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