Greater China
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Cosco Asia struck by RPG
Alexandria: The head of American security firm, Nexus Consulting, has said the Cosco Asia, which came under attack over the…
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Former CNPC head under investigation
Beijing: Jiang Jiemin, former chairman of China’s largest oil and gas producer and supplier, China National Petroleum Corp (CNPC), is…
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New China head for DNB Bank
Shanghai: Norway’s DNB Bank has appointed Vidar Andersen its new Head of Asia, based in Singapore, effective from today. Mats…
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Titan delays releasing financial results again
Hong Kong: Financially struggling Titan Petrochemicals has told the local stock exchange that it will not be able to publish…
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Cosco ship targeted by ‘terrorists’: Suez Canal boss
Cairo: Following Friday’s fire on two containers on the foredeck of the Maersk Kampala to the south of the Suez…
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Shanghai Nanhui Port starts operation
Shanghai: Shanghai Nanhui Port, a new breakbulk port in Shanghai Lingang Industrial Area, has started operation yesterday. The port is…
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Chengxi Shipyard transfers repair yard to Wenchong
Guangzhou: CSSC-affiliated Chengxi Shipyard announced yesterday that its ship repair subsidiary Chengxi Shipyard (Guangzhou) plans to sell one of its…
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Cosco sells more assets to avoid delisting
Shanghai: Following the equity sale of Cosco Logistics and Cosco Container Industries, financially troubled shipping giant Cosco today announced another…
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Waigaoqiao to raise RMB2.67bn to develop Shanghai FTZ
Shanghai: Shanghai Waigaoqiao Free Trade Zone Development Co today announced that it will issue RMB2.67bn worth of new shares and…
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Ningbo Marine to sell two bulkers
Shanghai: Ningbo Marine announced today it plans to put two old bulkers from its fleet, Mingzhou 29 and Mingzhou 30,…
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JES gets US loan, seeks acquisitions
Singapore: Singapore-listed Chinese yard JES International Holdings has entered into a loan and maintenance agreement with an unspecified US-based private…
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More handymaxes for Pacific Basin
Hong Kong: Pacific Basin has exercised an option to acquire another resale handymax from a company thought to be Triton.…
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Howse Williams Bowers: HK’s top independent law firm
Hong Kong: One of Hong Kong’s newest law firms continues to grow and grow. Fully 50 staff including 15 lawyers…
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China Exim Bank supports CSSC with credit facility
Beijing: China Exim Bank and China State Shipbuilding Corporation (CSSC) signed a strategic agreement yesterday in Beijing, under which, China…
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CMES orders four more VLCCs
Shanghai: Following the exercising of 4 VLCC options at DSIC and Waigaoqiao in early August, China Merchants Energy Shipping (CMES)…
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CSC announces reform measures
Shanghai: China Changjiang National Shipping Corporation (CSC), the largest inland river shipping company in China, has announced its reform measures…
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Rongsheng admits ‘doubt’ about continuing as a going concern
Hong Kong: Shares in Rongsheng, China’s largest private yard, continued to trade sluggishly at around HK92 cents, less than half…
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CSC Phoenix streamlines operations
Shanghai: CSC Phoenix, the financially troubled subsidiary of Sinotrans & CSC, has decided to streamline its operations in order to…
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CMES to purchase 12 handymaxes
Shanghai: China Merchants Energy Shipping (CMES) today announced that the board has approved the proposal of purchasing 12 handymax bulk…
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Ministry of Transport might ease restrictions on valemaxes
Beijing: China may ease the restrictions on Vale’s VLOCs entering Chinese ports. The Ministry of Transport (MOT) has recently sent…
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