Greater China
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Sanfu to issue RMB700m bonds
Shanghai: Taizhou Sanfu Ship Engineering announced that it will issue RMB700m worth of bonds from March 27. China Securities Co…
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New Yangzijiang delivers world’s largest woodchip carrier
Shanghai: Jiangsu New Yangzijiang Shipbuilding has delivered a new 69,300dwt woodchip carrier to Shandong Asia Pacific SSYMB Pulp & Paper,…
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Ship collision in Taiwan Strait
Guangzhou: A Taiwanese general cargo vessel, Jian Chang, collided with a mainland bulker, Minguang 68, at the Xiamen-Kinmen waters yesterday…
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China to invest in Tanzania port project
Beijing: China is cooperating with Tanzania to build a new port near Dar es Salaam. Hong Kong-based China Merchants International…
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Shanghai Bestway maps 2013
Shanghai: With the shipbuilding industry still struggling, Shanghai Bestway Marine Engineering Design will pay greater attention on the structural adjustment…
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Rongsheng rig purchasers revealed
Singapore: The closely guarded identity of the company behind last week’s SinoShip News scoop regarding first rig orders at China’s…
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JES makes further offshore inroads
Singapore: The Singapore-listed Chinese yard JES International Holdings has, via its wholly-owned subsidiary Jiangsu Eastern Heavy Industries, signed a letter…
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Northern China not realistic for USEC via Suez, says Maersk
Long Beach: Geography dictates that Shanghai is the absolute northernmost point for calls from Asia to the US East Coast…
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Sinotrans keeps firm hand on capacity growth
Beijing: At yesterday’s 2012 results presentation, Sinotrans announced an annual net profit of RMB649m, a 1.01% growth year-on-year. “Overcapacity remains…
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Cosco International to cut bad clients out
Hong Kong: Hong Kong-listed Cosco International announced its 2012 results yesterday, with the company’s revenue dropping by 6% to HK$10bn…
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Tangsteel acquires 10% stake in Swiss steel trader
Beijing: Tangshan Iron and Steel Group Co, known as Tangsteel, has acquired a 10% stake in the world's biggest steel…
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Bulk arms of Cosco and China Shipping tie the knot
Beijing: To cope with the complicated and difficult market situation, the bulk shipping arms of the two Chinese shipping giants,…
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KHI to build LNG-fuelled ships in China
Dalian: Japanese shipbuilder Kawasaki Heavy Industries (KHI) is considering constructing large-sized LNG fuelled ships in China. The company will build…
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Bilingual GulfShip News launches
Dubai: Today sees the launch of a new media product to better serve one of shipping’s most vibrant regions. GulfShip…
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China Shipping Development to form the nation’s largest LNG fleet
Hong Kong: Hong Kong-listed China Shipping Development (CSD) will shift its focus to LNG and is going to order six…
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Kaohsiung spending big on new logistics centre
Taipei: Port of Kaohsiung, which is controlled by Taiwan International Ports Corporation (TIPC), announced that it will invest NT$1.8bn to…
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Evergreen boss charged for illegal mainland vessel call
Taipei: In an embarrassing rap for Taiwan’s top shipping line, Evergreen Marine’s chairman Wang Chung-jinn and the master of one…
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49% of Yinhua Shipping equity on sale
Shanghai: Shanghai United Assets and Equity Exchange (SUAEE) has announced today that Jiangsu New Longyuan Investment is selling all of…
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Sinotrans Limited plans reorganisation
Hong Kong: Sinotrans Limited is considering a possible reorganization with the Sinotrans&CSC Group, with a view to an appropriate consolidation…
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CSDC in profit for 2012
Shanghai: China Shipping Development Co (CSDC) managed RMB74m in net profit last year and approximately RMB11bn in revenues. Amid the…
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