Greater China
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Nanjing Tanker subsidiary inks sale and leaseback deal
Shanghai: Nanjing Tanker announced today that its fully-owned subsidiary Nanjing Yangyang Chemical Transport has entered a sale and leaseback transaction…
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Independent shareholders refuse to endorse Titan’s plans
Hong Kong: Troubled Titan Petrochemical’s special general meeting (SGM) was held on 28 February, with independent shareholders refusing to endorse…
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Membership at HKSOA grows
Hong Kong: Companies are continuing to sign up as members of the Hong Kong Shipowners Association (HKSOA) with the tally…
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China Shipping Development shares downgraded
Hong Kong: Bank of America Merrill Lynch (BOAML) yesterday lowered its target price for Hong Kong-listed China Shipping Development (CSD)…
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Vale’s China dispute seen ending
Dalian: As SinoShip News has been suggesting for the past few months the long simmering saga between Chinese authroties and…
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Cargill selects SWS for return to vessel ownership
Shanghai: An official from Shanghai Waigaoqiao Shipbuilding has confirmed to SinoShip News that it is final negotiations with major industrial…
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Maritime training included in HK budget
Hong Kong: In an all too rare nod to Hong Kong’s shipping community the local government announced yesterday plans to…
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More troubles for Sainty Marine
Shanghai: Jiangsu shipbuilder Sainty Marine’s troubles continue. Recently accused of information disclosure violations and insider trading, the company has now…
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Qingdao gets final approval for cruise homeport project
Dalian: Qingdao port has announced that the cruise homeport project in the city has been approved by the National Development…
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AVIC Singapore suffers huge profit drop
Singapore: Despite revenues rising 40% in 2012 to RMB139.6m AVIC International Investments saw its net profit slashed 79% to RMB8.5m…
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Loss-making JES International hits out at “demanding†clients
Singapore: Singapore-listed Chinese yard JES International went into the red in 2012 as some customers “became more demanding than ever…
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Chinese iron ore report suggests freight rates will drop further
Oslo: Norwegian bank DNB has issued a report on Chinese iron ore in which it warns the current situation…
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Project forwarding training course
Shanghai: A training course from March 12-13 in conjunction with Breakbulk China 2013 at Intex Shanghai lays the foundation for…
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CNOOC completes China’s largest overseas acquisition
Beijing: China’s biggest offshore oil industry player, China National Offshore Oil Corporation (CNOOC), announced Tuesday that the company has completed…
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Xiamen International Port forms joint venture
Shanghai: Xiamen International Port has announced the formation of a new container jv company. The jv sees many parties involved…
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Antiquated Rail Ministry shunted into Ministry of Transport
Beijing: The Ministry of Railways will be consolidated into the Ministry of Transport this year, according to an official from…
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Rongsheng denies private placement
Hong Kong: China Rongsheng Heavy Industries Group denies the planning of a private placement of new shares in the company…
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Maersk forecasts ‘robust’ 2013 China imports
Shanghai: Maersk, the Danish shipping giant, expects to see strong China import growth in 2013. David Williams, managing director of…
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Cosco Corporation achieves $484.9m gross profit in 2012
Singapore: Singapore-listed Cosco Corporation (Singapore) Limited reports a US$3.7bn turnover and $484.9m in gross profit for 2012. Turnover dropped 10.3%…
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China and ASEAN’s railway link starts operation
Beijing: The railway linking southwest China and the countries of the Association of Southeast Asian Nations (ASEAN) started operation this…
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