Greater China
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David Wu involved in new Oslo shipping bank
Oslo: There’s a new bank focused on ship finance opening in Oslo, with Chinese participation. Maritime and Merchant Bank…
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Hill Dickinson opens HK office
Hong Kong: International law firm Hill Dickinson has opened a new office in Hong Kong to go alongside its…
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More rigs for Fredriksen
Shanghai: Northern Offshore, part of the John Fredriksen empire, has ordered two LeTourneau Super 116E Class jackup drilling rigs,…
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Evergreen Marine names Anchor Chang as new chairman
Taipei: Evergreen Marine has appointed Anchor Chang (pictured, left) as its new chairman following the death last month of…
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UAE firm spending $350m in China on offshore vessels
Abu Dhabi: Quality Marine Services (QMS), a subsidiary of Abu Dhabi-based Zakher Marine International (ZMI) yesterday signed deals worth…
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Shenzhen gears up for China’s premier container event
Hong Kong: Shenzhen is gearing up for China’s most important container event, the annual TPM Asia, to be held…
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Australia’s iron ore forecaster sees China importing 1bn tonnes by 2018
Canberra: Australian iron ore exports are forecast to jump 17% in 2013 to 2014 and average 8% growth over…
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Star Bulk spending $215m on Chinese bulker newbuilds
Shanghai: Star Bulk Carriers Corp has revealed a flurry of orders in China worth a combined $214.9m. The…
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Cremers excited by private equity’s entry into shipping
Hong Kong: The rise of private equity in shipping is a boon for shipmanagers, the ceo of Hong Kong’s…
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Grounded Formosa Falcon set for lightering
Taipei: Representatives of the Formosa Falcon have located a vessel to lighter the cargo from the grounded vessel. The…
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Drewry: Wan Hai only profitable Taiwanese boxline
Taipei: A new report out by Drewry suggests only Wan Hai of the big three boxlines in Taiwan will…
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Hyundai Corporation cedes control of Qingdao yard to Chinese interests
Seoul: Hyundai Corporation, the Korean trading company, is selling a 66.25% shareholding in Chinese affiliate, Qingdao Hyundai Shipbuilding to…
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Seaspan exercises Yangzijiang options
Shanghai: The mega boxship rush continues with Canada’s Seaspan exercising options for five 10,000 teu vessels at Yangzijiang Shipbuilding. The…
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Golden Week takes shine off dry bulk earnings
Dalian: Having only just crested the psychologically important 2,000 barrier, the Baltic Dry Index (BDI) is expected to fall…
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GSI moves ahead with Longxue takeover
Guangzhou: First announced in June, Hong Kong- and Shanghai-listed Guangzhou Shipyard International has moved ahead to buy sister firm Longxue…
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Odfjell in $180m deal for 4 LPG carriers
Shanghai: Odfjell has signed shipbuilding contracts with Nantong Sinopacific Offshore & Engineering for the construction of four LPG/ethylene gas…
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Shanghai free trade zone opens
Shanghai: Shanghai’s free trade zone (FTZ) was opened yesterday with commerce minister Gao Hucheng on hand for the ceremony.…
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Ma Zehua relinquishes Cosco Singapore position
Singapore: Ma Zehua, the new chairman of the Cosco Group, has stepped down as chairman and non-executive director at…
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Bohai Leasing to take full control of Seaco
Beijing: Bohai Leasing, a subsidiary of HNA Capital, has announced that it plans to take over 100% equity of Seaco…
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China Shipping Development scraps tanker
Shanghai: China Shipping Development announced that the company plans to sell an old tanker to Digang Shipyard for RMB20.47m. The…
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