Greater China
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Golden Ocean orders bulkers at Chengxi Shipyard
Shanghai: Norwegian shipowner Golden Ocean Group has announced that it has finalized a shipbuilding contract for three plus three 64,000dwt…
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Private investors to develop port logistics project in Wenzhou
Shanghai: Two entrepreneurs in Wenzhou, Dai Jianhua and Zhao Jiaorong, are joingtly investing RMB600m to develop a port logistics project…
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China newbuilding orders soar in May
Beijing: Chinese shipbuilding companies have received 4.04m dwt new building orders during May, an increase of 73%, surpassing both South…
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Brightoil inks oil storage contract
Hong Kong: Brightoil has announced that, Brightoil Zhoushan Storage, a wholly-owned subsidiary of the company, has entered into the construction…
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Evergreen looks to cut costs
Taipei: Evergreen Marine is looking to cut costs by a further 10% by the end of this year. The shipping…
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APM Terminals increases stake at Ningbo port
Shanghai: Ningbo Port has announced that APM Terminals, the ports arm of Denmark's A.P. Moller-Maersk, has risen its stake in…
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Waigaoqiao bags first PSV order
Shanghai: CSSC Group announced that its affiliated shipyard Shanghai Waigaoqiao Shipbuilding (SWS) has received an order for 2+2 PSVs from…
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Taiwan touts free zones
Taipei: According to Taiwan’s Council for Economic Planning and Development (CEPD), value-added processing and multinational container consolidation are set to…
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China scraps licencing system for iron ore imports
Beijing: China has scrapped a licensing system for iron ore imports, according to Reuters. The move may further increase imports…
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Zhongchang Marine inks sale and leaseback deal
Shanghai: Zhongchang Marine announced that its fully controlled subsidiary Yangxi Zhongchang Marine has signed a sale and leaseback agreement with…
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Gloomy repair outlook
Shanghai: The ship repair market this year remains gloomy, and might get worse, major Chinese ship repair companies said at…
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Myanmar-China pipeline delays
Bangkok: A pipeline connecting western Myanmar to China is ready to carry gas from July, but construction delays on the…
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New terminal starts trial operation at Jiangyin port
Shanghai: Jiangyin port in Jiangsu province has started trial operation of a new terminal which is jointly invested in by…
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China Merchants concludes CMA CGM port buy
Hong Kong: China Merchants Holdings International has completed its buy into CMA CGM’s terminal portfolio. A signing ceremony was held…
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Ansteel in Australian ore purchase
Beijing: State owned Anshan Iron and Steel Group Corp is buying a majority stake in the Karara iron ore…
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New HK cruise terminal opens
Hong Kong: The Kai Tak Cruise Terminal officially opened today. Once Hong Kong’s airport, the cruise facility in the…
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IEA cuts oil demand forecasts on sluggish China growth
Paris: The International Energy Agency has cut demand forecasts for OPEC’s crude in the second half of the year…
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China Shipping hit by changing national trades: Jefferies
Hong Kong: By comparing Chinese port volumes, analysts at Jefferies have blasted the likely financial performances of two key…
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Grand China Logistics relinquishes interest in Titan shipyard
Hong Kong: Grand China Logistics’s plans to run Titan Quanzhou Shipyard in Guangdong have come to an end. GCL had…
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Pacific Basin in ten-ship splash
Hong Kong: Cash rich bulker outfit Pacific Basin has decided to buy out 10 ships it has on charter…
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