Greater China
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SITC adds to orderbook
Shanghai: SITC’s fleet expansion continues with news that it has exercised options at Taiwan’s CSBC. The owner has added four…
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Bestway to purchase LNG ventures
Shanghai: Shanghai-based leading ship design company Shanghai Bestway plans to buy LNG companies’ shares at a total cost of RMB260m…
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PetroChina acquires Petrobras’s Peru assets
Beijing: PetroChina, China’s biggest oil and natural gas producer, is to buy the entire shares of Petrobras Energia Peru for…
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Hudong Heavy Machinery establishing global network
Shanghai: State-run engine maker Hudong Heavy Machinery (HHM) has set up its own international service network named Global TechService. HHM…
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Stena opening new Shanghai office
Shanghai: Swedish shipowner Stena is opening an office in Shanghai in December, to be headed up by John Kollander. The…
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GSI to relocate
Guangzhou: A leading shipbuilder in south China, Guangzhou Shipyard International, is to relocate before 2015. The total relocation cost is…
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Two more CSC Phoenix vessels sold
Shanghai: CSC Phoenix, the loss-making subsidiary of Sinotrans & CSC, announced that it has received a notice from Wuhan Maritime…
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Hyundai aids Qingdao shipbuilding facility
Dalian: Korean company Hyundai Corporation announced that it has decided to provide a debt guarantee for its Chinese shipbuilding facility,…
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Cosco to extend investment at Greek port
Beijing: Cosco subsidiary Piraeus Container Terminal (PCT) has inked an agreement with Piraeus Port Organization for an additional investment of…
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China to allocate RMB4.6bn ship scrapping subsidy
Beijing: A new ship scrapping subsidy policy has recently been completed and is now waiting for approval from several state…
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Jinzhou Port obtains subsidy to expand navigation channel
Dalian: Jinzhou Port has announced that it has received a subsidy of RMB246m from Ministry of Transport for the expansion…
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Titan Petrochemicals develops rig business
Hong Kong: Titan Petrochemicals has announced that the company had been in discussion with an Asian offshore oil rig manufacture…
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BG sells LNG interests to CNOOC
Beijing: British energy company BG Group announced Monday that the company has completed the deal to sell interests in the…
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CMES secures financing for newbuildings
Hong Kong: China Merchants Energy Shipping (CMES) has announced that it has signed a financing agreement with China Exim Bank…
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China Ocean Shipbuilding appeal rejected
Hong Kong: China Ocean Shipbuilding announced that its wholly owned subsidiary Jiangzhou Union Shipbuilding has received an order granted by…
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Cosco denies Wei corruption talk
Beijing: China’s largest maritime conglomerate, Cosco, has said its former chairman is not involved in any corruption scandal, and denied…
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CSIC to build offshore centre in Qingdao
Dalian: China Shipbuilding Industry Corporation (CSIC) is to build a significant offshore facility in Qingdao. The shipyard group has signed…
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Seven missing as typhoon passes by
Guangzhou: Seven Chinese crewmembers were missing after their cargo ship sank during Typhoon Haiyan in the South China Sea. The…
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Wei Jiafu linked in Cosco corruption scandal
Beijing: The corruption scandal engulfing China’s largest maritime conglomerate could spread all the way to the top. Wei Jiafu, the…
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CSA vents anger at Shandong Shipping for signing with Vale
Shanghai: Last week Brazilian miner Vale signed a contract with Shandong Shipping which should pave the way for the Brazilian…
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