Greater China
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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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Gao Yanming urges yards to hold back from taking loss-making orders
Beijing: The continued shipbuilding downturn has made Chinese shipyards desperate to get new orders. Gao Yanming, chairman of Hebei Ocean…
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Yangfan wins six boxship order
Shanghai: Zhejiang-based shipbuilder, Yangfan Group, has received six 2,200 teu container newbuilding orders from Afrika-Linien (DAL)/John T Essberger Group. The…
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Swedish Club Academy coming to China
Hong Kong: The Swedish Club Academy focuses on China during a five-day maritime resource management (MRM) roadshow at the end…
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Cosco International acquires marine technology firm
Hong Kong: Yuantong Marine Service, a wholly-owned subsidiary of Hong Kong-listed Cosco International Holdings, entered into a memorandum with Cosco…
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Ningbo Marine inks coal-shipping deal
Shanghai: Ningbo Marine announced that it has signed a coal shipping agreement with Zhejiang Energy Fuxing Fuel Company, a subsidiary…
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Containership sinking leaves at least 11 dead
Beijing: A container ship has sunk off the east coast of China, killing at least 11 crew members and leaving…
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Rongsheng makes offshore breakthrough
Hong Kong: SinoShip News understands China Rongsheng Heavy Industries Group has secured its first 1+1 jack-up rig EPC contract. The…
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CNPC’s head moves to SASAC
Beijing: Jiang Jiemin, chairman of China’s largest oil and gas producer and supplier, China National Petroleum Corp (CNPC), has been…
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OOCL launches new Southeast Asia – Australia service
Hong Kong: OOCL has a new service, the Southeast Asia Australia Service (ASAL), by combining and restructuring two existing consortium…
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Profit jumps by two-thirds at Xiamen port
Guangzhou: Xiamen Port Group has announced that it achieved revenue of RMB2.995bn in 2012, a growth of 23.77% year-on-year, while…
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ICBC Leasing enters offshore
Beijing: ICBC Leasing recently handed over a semi-submersible drilling rig to China Oilfield Services Limited (COSL), which is the first…
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CNOOC Offshore Oil Engineering’s profit soars
Beijing: CNOOC Offshore Oil Engineering reported RMB12.383bn in sales income for last year, an increase of 67.69% year-on-year. The net…
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Titan announces new funding proposal
Hong Kong: Titan Petrochemicals has issued an announcement on further updates of the company that involves a new funding proposal.…
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Australian market remains challenging
Shanghai: Winkey Shipping, a breakbulk shipping line which offers dedicated services between China and Australia, and also one of the…
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Shanghai to open new breakbulk port
Shanghai: Shanghai Nanhui Port, a breakbulk port in the southeast of Shanghai, is going to open in May this year.…
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Gearbulk optimises fleet to be more competitive
Shanghai: Gearbulk, which operates the world's largest fleet of open-hatch gantry craned vessels, is optimising its fleet in order to…
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Evergreen links up with Hanjin and Simatch
Taipei: Evergreen Line will team up with Hanjin and Simatech to launch the new IDEA service linking the Indian sub-continent,…
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Departing Citi analyst picks shipping stocks
Hong Kong: In Citi analyst Rigan Wong’s last issue as primary author for Asia Shipping Wave before he leaves the…
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Breakbulk trends under China’s new growth strategy
Shanghai: Although China’s new government is expected to bring a lot of changes to the country, the former government’s concentration…
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