Greater China
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LNG powered chemical tankers for AVIC Dingheng
Shanghai: AVIC Dingheng have taken an order for two firm plus two option 15,000 dwt chemical/product tankers from Tarntank of…
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SIPG buys stake in Bank of Shanghai
Shanghai: Shanghai International Port Group (SIPG) have announced that the board has approved to purchase RMB4.6bn worth of shares in…
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Zhongchang Marine receives subsidy
Guangzhou: Zhongchang Marine announced that its subsidiary Yangxi Zhongchang Marine has received a RMB20m subsidy from the Yangjiang government in…
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Paragon Shipping adjusts orders in China
Shanghai: Paragon Shipping has announced that the company has inked an agreement with an unnamed Chinese shipbuilder to cancel one…
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Wugang to start second phase iron ore project in Liberia
Shanghai: Chinese steelmaker Wuhan Iron & Steel (Wugang) plans to launch its second phase of 10m tonsper year iron ore…
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Damen’s second metal spinning machine starts ops
Shanghai: The innovative propeller nozzle manufacturing method with basically one single weld only, is now operational in the Chinese plant…
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New ship scrapping policy in China released
Beijing: China’s Ministry of Transport, Ministry of Finance, NDRC and MIIT have jointly released a new ship scrapping policy in…
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Lianyungang Port takes RMB200m loan
Shanghai: Lianyungang Port announced that the company has decided to apply for a RMB200m loan from DBS Bank (China) to…
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Beihai gets nod for port asset integration
Guangzhou: Beihai Port has received approval from China Securities Regulatory Commission to issue shares to its shareholder Guangxi Beibu Gulf…
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Interlink Maritime exercises five options at Kouan
Shanghai: Interlink Maritime has exercised its five 38,800 dwt bulk carrier order at Kouan Shipbuilding, making a total ten ordered…
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KC Maritime: In ordering mode
Hong Kong: Getting in on the newbuild bulker craze is one of Asia’s more conservative owners, KC Maritime. At the…
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Li Xiaoming leaves Grand China Logistics
Dalian: The top management shuffle of Chinese shipping companies continues with Tianjin Marine, the listed subsidiary of Grand China Logistics,…
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Brightoil suspends Geneva and Rotterdam operations
Hong Kong: Hong Kong-based Brightoil Petroleum has suspended operations in Geneva and Rotterdam to reduce costs. Following the temporary suspension,…
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Chinese entrepreneur splashes $3bn in Ukraine port project
Beijing: Chinese entrepreneur Wang Jing, who is behind the Nicaragua Canal project, has announced that he will invest $3bn to…
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Cosco’s Da Cui Yun set free
Shanghai: Cosco’s heavy lift vessel Da Cui Yun was released by Singapore after the company resolved its outstanding payment issues.…
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Xiamen Port to consolidate subsidiaries
Guangzhou: Xiamen Port announced that Ministry of Commerce and NDRC have approved the setup of a joint venture between four…
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Rongsheng warns of full year loss
Hong Kong: China’s biggest private shipbuilder, China Rongsheng Heavy Industry said that the company is expected to post a full…
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DSIC to develop LNG carrier with GE and LR
Dalian: Dalian Shipbuilding Industry Co (DSIC) is to develop a design for a gas turbine powered LNG carrier in cooperation…
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Cosco ship detained in Singapore
Shanghai: Cosco Shipping’s general cargo ship Da Cui Yun has been arrested in Singapore, according to a court document.The Hong…
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Dan Marine: China gateway
Shanghai: This week has seen Marintec China take centre stage. Hundreds of overseas companies have descended upon Shanghai to try…
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