Greater China
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CSIC develops electronic propulsion technology
Beijing: China Shipbuilding Industry Corp (CSIC) revealed its Wuhan Institute of Marine Electric Propulsion has finalized its integrated electric propulsion…
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NDRC to ban new shipbuilding capacity
Beijing: The National Development and Reform Commission (NDRC) has announced that it will start to ban new shipbuilding capacity in…
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Yangfan wins six bulkers
Shanghai: Yangfan Group has signed shipbuilding contracts with repeat customer Italian owner D'Amico Societa di Navigazione for four 64.000 dwt…
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Tianjin Marine terminates asset restructuring
Dalian: After over one month of discussion, Tianjin Marine announced that the company has decided to stop the asset restructuring…
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Loss-making CSD worried over ships still to deliver
Shanghai: China Shipping Development (CSD) announced its first half results yesterday. The company posted a net loss of RMB949m, almost…
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CANSI boss warns yard downturn will be prolonged
Beijing: The clear out of weaker shipyards in China will to continue and there is little chance of a pick…
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ABB to power Cosco Nantong vessels
Shanghai: Power system supplier ABB is to provide power equipment for two new accommodation vessels being built in China. Cosco…
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Zhuhai Port ups chemical formula
Guangzhou: Zhuhai Port Holding announced today that Zhuhai BP Chemical Co’s project of building the third PTA plant has received…
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China’s first private LNG bunkering project approved
Shanghai: According to information on Zhoushan government’s website, the first private LNG bunkering station in China has been approved and…
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CSSC rocks onto electric avenue to diversify earnings
Beijing: China State Shipbuilding Corporation (CSSC) is considering to take over Xiangtan Electric Manufacturing Group (XEMG) for RMB10bn. The proposal…
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Taiwan Formosa invests $1.15bn in Fortescue Metals
Taipei: Taiwan’s largest private company Formosa Plastics formed a jv with Fortescue Metals, and will invest US$1.15bn to build the…
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Chongqing’s Jiulongpo port to be retired
Shanghai: Chongqing’s Jiulongpo port, formerly the busiest logistics hub in the city, is to be closed. Due to the fast…
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Marintec China breaks new records
Shanghai: China, Asia’s largest shipping show, will open its 17th edition at the Shanghai New International Expo Centre from 3-…
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New cfo at Modern Terminals
Hong Kong: Hong Kong container terminal operator Modern Terminals Limited has appointed Vivian Tso as chief financial officer. Prior to…
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80% of Taizhou shipyards to go bust
Shanghai: Taizhou, a leading shipbuilding city in Southeast China is facing huge pressure amid the industry downturn, with over 80%…
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Jinhong Energy enters marine LNG sector
Beijing: Shenzhen-listed natural gas energy distributor and investor, Jinhong Energy, announced that the company’s subsidiary has signed a strategy cooperation…
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Höegh LNG chases more China business
Oslo: The president and ceo of Höegh LNG, Sveinung J.S. Støhle, is chasing more business in China. “One of our…
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More Japanese financing for Pacific Basin
Hong Kong: Pacific Basin has finalised the terms of 12-year post-delivery export credit agency (ECA) financing for two handymax vessels…
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Zhuhai Port acquires land for expansion
Guangzhou: Zhuhai Port Holdings (ZPH) announced today that its full subsidiary ZPH Logistics Development Co has signed a contract to…
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Taisheng Wind Power completes Blue Island takeover
Shanghai: Shanghai Taisheng Wind Power Equipment Co announced today that it has completed the takeover of 51% equity of Nantong…
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