Greater China
CNPC and ONGC tie up
Beijing: China National Petroleum Corp (CNPC) and India’s state-owned Oil and Natural Gas Corp (ONGC) inked an agreement on Tuesday…
Read More »Yangzijiang Shipbuilding disposes of assets
Singapore: Yangzijiang Shipbuilding Ltd announced on Tuesday that it is disposing of its entire 31.5% stake in Wuxi Runyuan Technology…
Read More »Beijing office for Rosneft Marine
Beijing: Rosneft Marine, the international marine fuel trading office of Russian state-owned oil company Rosneft, has opened its second office…
Read More »Nansha spending RMB7.5bn to build 30 berths
Guangzhou: The Nansha phase 3 project of 30 new berths has launched, according to Guangzhou port. The project is expected…
Read More »Construction of Titanic II could start this year
Shanghai: The construction of a Titanic replica could begin this year after the billionaire behind the project said an engineering…
Read More »HK flag passes 76m gt mark
Hong Kong: The Hong Kong Shipping Register (HKSR) crossed the 76m gt mark yesterday with 2,105 ships on the register,…
Read More »Xiamen Shipbuilding will build China’s first cruise ship
Shanghai: China’s Shanhaishu Group and Xiamen International Cruise have signed a contract for China's first self-built cruise ship with Xiamen…
Read More »Ports America takes 10% stake in Yang Ming’s Kaohsiung facility
Taipei: Yang Ming Marine Transport Corp announced yesterday that Ports America International Holdings Cooperatief, an affiliate of Ports America Group,…
Read More »New Cargotec venture in China sets strong revenue goals
Shanghai: Cargotec, the world’s biggest maker of container-lifting gear, said a new China venture may post annual sales of as…
Read More »Roro red ink hurts Pacific Basin
Hong Kong: Pacific Basin dropped the most in 2012 on the local bourse after admitting its roro fleet is likely…
Read More »CNOOC strengthens ties with Primeline
Hong Kong: China National Offshore Oil Corp(CNOOC) said this week that it has signed a production-sharing contract with Hong Kong-based…
Read More »Dalian port shelves Jinzhou acquisition
Dalian: Ruffled by alleged improper disclosure Dalian Port has given up its planned equity participation in Jinzhou Port. A lawyer…
Read More »Panamaxes to suffer the most from overcapacity
New York: Panamaxes, not capesizes, look likely to suffer the most from overcapacity in 2013, according to Commodore Research &…
Read More »New coo for OOCL
Hong Kong: Orient Overseas Container Line (OOCL) has appointed trading director Michael Kwok as chief operating officer, replacing Andy Tung…
Read More »Wind installation vessel contract for Jiangsu firm
Shanghai: China’s Jiangsu Jiaolong Heavy Industry Group (JHI) will build a wind turbine installation vessel for an undisclosed Singapore owner…
Read More »Taiwan ups mainland tourism drive, expected boom in cruise visits
Xiamen: Taiwan is increasing its tourism promotion across the mainland. The latest example of this came at the weekend, on…
Read More »Yang Ming earmarks $560m for big ships
Keelung: Yang Ming Marine Transport, Taiwan’s second largest containerline by fleet size, is considering ordering new container vessels to expand…
Read More »Huarui signs RMB600m contract with Vale
Dalian: Dalian-based Huarui Heavy Industry Group signed a contract worth RMB600m with the world’s largest iron ore supplier Vale. The…
Read More »Strong oil import growth forecast through 2016: Poten
New York: China’s rampant oil imports are the subject of the latest weekly report from brokers Poten & Partners. The…
Read More »Hong Kong’s offshore yuan credentials boosted
Hong Kong: Hong Kong banks will be able to make better use of their yuan assets according to the Hong…
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