Greater China
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China Ocean Shipbuilding raising cash
Hong Kong: China Ocean Shipbuilding Industry is issuing an aggregate of 200m subscription shares at a price of HK$0.102 per…
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Yangzijiang first firm to trade in RMB on Singapore Exchange
Singapore: Yangzijiang Shipbuilding will start trading shares on the Singapore Exchange in RMB from 5 August, becoming the first company…
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Beijing to increase ship export tax rebate
Beijing: The Ministry of Finance plans to implement new policies to improve the competitiveness of several industries including shipbuilding, machinery…
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Huanghua port to develop 200,000dwt iron ore terminal
Beijing: Huanghua port in Hebei province has received approval from the National Development and Reform Commission (NDRC) to develop a…
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Nanjing Tanker inks Trafigura COA deal
Shanghai: Nanjing Tanker, the oil transport arm of Sinotrans & CSC Group, inked a half-year COA contract with the international…
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China Merchants strengths port business in Shenzhen
Hong Kong: China Merchants Holdings (International) announced late yesterday that China Merchants Shekou Industrial Zone (CMSIZ) and Antongjie entered into…
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Rugao building container facilities
Shanghai: Rugao port is adding infrastructure whereby it will be able to handle up to 800,000 teu a year. The…
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Rongsheng accelerates deliveries to ease financial difficulties
Shanghai: Financially-troubled Rongsheng Heavy Industries announced the delivery of 380,000 dwt VLOC "Vale Caofeidian" to Vale yesterday. The vessel is…
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Cosco Shipping orders four multipurpose vessels
Shanghai: Cosco Shipping announced that the Hong Kong subsidiary of the company has ordered four 36,000dwt multipurpose vessels at Nantong-based…
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TMT bankruptcy moves forward
Taipei: The Taiwanese shipping company TMT has got the go ahead from a local judge in the US to carry…
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CSC Phoenix applies for more loans
Shanghai: CSC Phoenix announced today that the board of the company has agreed on applying for three one-year loans of…
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Shenzhen surpasses Hong Kong in container volumes
Guangzhou: Shenzhen port has surpassed Hong Kong port in container volume in the first half of this year. Shenzhen port…
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Tianjin Marine goes for asset restructuring
Dalian: Tianjin Marine announced that the company’s stock will remain suspended on the Shanghai Stock Exchange for up to a…
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Chinese yards losing out currency-wise
Beijing: China Association of National Shipbuilding Industry ( CANSI) predicts global newbuilding demand in 2013 will be more than 80m…
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Navigator Gas splashes for more gas carriers
Shanghai: CSSC-affiliated Jiangnan Shipyard has entered into agreements with Navigator Gas to construct one 21,000 cu m LPG carrier and…
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President Xi visits Yangtze port
Beijing: President Xi Jinping paid a surprise visit to Wuhan New Port in central China on Sunday and called for…
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More trouble for CSC Phoenix
Shanghai: Financially-troubled CSC Phoenix has gone deeper in its debt whirlpool. The company announced today that another two creditor banks,…
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Nisshin continues bulker order spree at Hantong
Shanghai: Hantong Ship Heavy Industry has signed with repeat customer Nisshin Shipping for two 38,800 dwt bulkers which are scheduled…
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CSBC orders extend until 2016
Taipei: Despite a depressed shipbuilding market, orders on hand at Taiwan-based CSBC Corporation will support production through to 2016 according…
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Sinotrans invests RMB4bn in automobile logistics park
Shanghai: Sinotrans & CSC Group is going to invest up to RMB4bn to develop an automobile logistics park in Wuhan,…
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