Greater China
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China Shipping Development remains in the black
Hong Kong: Hong Kong-listed China Shipping Development has announced yesterday that it estimated the company’s net profit of 2012 will…
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Workers protest against Haifeng Shipbuilding
Shanghai: As the downturn in domestic shipbuilding continues, more shipyards have been suffering from financial difficulties and payment arrears disputes…
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Courage Marine acquires a vessel
Hong Kong: Courage Marine Holdings, an indirect wholly-owned subsidiary of Courage Marine Group, has entered into an MOA with Dong-A…
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China Shipping completes its first forex funds deal
Shanghai: Shanghai’s China Shipping Group has completed its first centralized operation and management of foreign exchange funds deal through the…
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COSL’s large 2013 outlay
Beijing: China Oilfield Services (COSL) has outlined its spending plans for the year, which will see two 400ft jack-ups and…
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China central to V.Group’s growth plans
London: China forms a key plank of V.Group’s bold plans to grow sales dramatically. The sprawling ship services company…
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CNOOC and Sinotrans CSC to develop Yangtze LNG industrial chain
Shanghai: China National Offshore Oil Corporation (CNOOC), Sinotrans & CSC Group and China Sanjiang Space Group have signed an agreement…
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Lianyungang port plans non-public offering
Shanghai: Lianyungang port group plans a non-public A share offering with no more than 35,100 shares to raise funds of…
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CNOOC to increase expenditure on deepwater
Beijing: China National Offshore Oil Corporation (CNOOC) said Wednesday it plans to spend up to USD14bn in 2013 on exploration,…
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Titanic show sails into Macau
Macau: Australian billionaire businessman and chairman of shipping company Blue Star Line, Professor Clive Palmer, the man behind plans to…
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Startling statistics on plight of China’s yards
London: Startling statistics from London’s Clarkson Research Services show the real plight Chinese shipbuilders face. Only 153 Chinese shipyards still…
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Nanjing Tanker faces trading suspension
Shanghai: Nanjing Tanker, the tanker arm of Sinotrans & CSC Group, yesterday announced that it estimates to have a large…
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Let a thousand mini-Hong Kongs bloom: De Trenck
Hong Kong: Transport Trackers founder Charles De Trenck has written about Beijing’s decision to push for more free trade zones…
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Seaspan plans 15 more orders this year
Hong Kong: Hard-pressed Chinese yards will be salivating at news from Hong Kong where Seaspan boss Gerry Wang told Bloomberg…
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Sainty Marine and Fuyi Shipping arbitration update
Shanghai: Sainty Marine has today announced updates on its arbitration case with Fuyi Shipping. According to the announcement, Fuyi Shipping…
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Ningbo Marine makes loss of RMB120m
Dalian: Ningbo Marine projects that the net loss of the company in 2012 stood at around RMB120m. The company said,…
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Aegon appeals against Rongsheng case
Shanghai: Rongsheng Heavy Industries has announced that it has received a copy of an Application of Civil Appeal filed by…
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CNOOC puts off takeover of Nexen
Beijing: The takeover of Canadian energy giant Nexen by China National Offshore Oil Corporation (CNOOC) has been postponed. It was…
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Nordana orders four updated Great Danes
Shanghai: Nordana Line of Denmark has ordered four multipurpose general cargo vessels of 12,100 dwt from Chinese shipbuilder Taizhou Sanfu.…
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$1bn loan for China Merchants Holdings (International)
Hong Kong: As it ploughs ahead with massive expansion plans across the world China Merchants Holdings (International) has tapped parent…
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