Greater China
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CSIC eyes European acquisitions
Beijing: Despite the travails of the lack of orders at home one of China’s shipbuilding majors is looking at taking…
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Legend of the Seas prepares Asian farewell tours
Singapore: Details have emerged of the final season in Asia for Royal Caribbean International’s Legend of the Seas. Legend of…
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Titan bondholders support sale over liquidation plans
Hong Kong: Titan bondholders have come out in support of selling the firm rather than liquidating it. Jonathan…
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Ningbo Marine receives bulker
Shanghai: Ningbo Marine, currently involved in a takeover by Zhejiang Engergy Group, has just received a new 47,500dwt bulk carrier from China Shipping Industry (Jiangsu). It is the last of a total three ships that China Shipping Industry (Jiangsu) has delivered to the company. The shipbuilding funds comes from the issuing of the company’s convertible bonds. [14/08/12]
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COSCO Dalian wins jack-up order
COSCO Dalian Shipyard has announced it has won a US$170 million order from Talland Navigation, subsidiary of Foresight Limited, to…
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Hudong Zhonghua bags five Con-Ros
Hudong-Zhonghua Shipbuilding in Shanghai has signed a contract with Grimaldi Group member Atlantic Container Line (ACL) to build the five…
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Chongqing yard bags chem tanker orders
Shanghai: China Shipbuilding Industry Co (CSIC)-affiliated Chongqing Chuandong Shipbuilding Industry Co (CCSIC) has signed a letter of intent to…
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Another bond sale for CSIC
Shanghai: China Shipbuilding Industry Corp (CSIC) plans to raise another RMB10bn through a bond sale. The state-owned parent company…
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Yangtze cruise prices fall by a third
Shanghai: Prices for cruises down the Yangtze are falling and having a negative effect on revenues for cruise operators along…
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Emirates announces rate increases
Hong Kong: Emirates Shipping Line announced today rate increases across the board effective from September 1. For Asia to East…
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China initiates rent-to-own scheme
Shanghai: China is initiating a trial program in Shanghai designed to help the nation’s beleaguered shipowners. Under the new policy…
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Nanjing Tanker keeps slumping
Nanjing Tanker has announced its 2012 first half results last Friday. It suffered a loss of RMB646m, down more than…
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TCC readies aframax orders
Hong Kong: One of Hong Kong’s premier owners is scouring the yards ready to order a pair of aframax tankers.…
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Bankruptcy rumours swirl around shipbuilding major
Shanghai: A leading Chinese business newspaper has reported that the nation’s largest private shipyard has run into financial difficulties. Rongsheng…
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Analysis: Yards demise
Dalian: What is becoming evident in the shipbuilding crisis affecting China is that the years of the greenfield, private upstarts…
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Chinese port group invests in Indonesia
Shanghai: Dafeng Port Group in Jiangsu Province will invest up to US$600m to build a ferronickel smelter and a 360…
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CSSC appoints first chairman
Beijing:China State Shipbuilding Corporation (CSSC) has officially announced this week it has set up its first Board of Directors, and…
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Xiazhiyuan joins COSCO Shipping’s semi-sub pool
Guangzhou: Following on from Guangzhou Salvage Bureau, private company Xiazhiyuan Ship Management becomes the second entity to join the semi-submersible…
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China’s logistics costs twice that of the West
Shanghai: Logistics costs in China are double those of developed countries while management techniques are 20 years behind, according to…
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Chinese firm sets up Thai cruise venture
Hong Kong: China’s rapidly increasing involvement in cruise shipping investment has seen the first cruise service just completed in the…
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