Greater China
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CSSC to issue RMB5bn bills
Beijing: China State Shipbuilding Corporation (CSSC) is to issue RMB5bn ultra-short-term bills on 29 January. The company expects to raise…
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Daoda inks deal for ten engineering vessels
Shanghai: Daoda Marine Heavy Industry has received an order for ten 10,500dwt self-discharging engineering vessels from an Indonesia owner. The…
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Huarong withdraws lawsuits against Grand China Logistics
Shanghai: After reaching a preliminary reconciliation with HNA’s subsidiary Grand China Logistics, Huarong Financial Leasing has applied with Ningbo Maritime…
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China Merchants buys into CMA CGM’s terminal division
Hong Kong: Riding to the rescue of financially strapped French line CMA CGM comes China Merchants Holdings (International). China…
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Yangzijiang puts three box ships up for resale
Shanghai: Yangzijiang Shipbuilding has put up three abandoned 2500teu containerships for resale. The three vessels were originally ordered by a…
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Cosco faces share trading limit
Shanghai: China Cosco Holding has made an announcement that it expects to report a large net loss for 2012 without…
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CCS surpasses 80m gt
Beijing: As at the end of 2012, the number of ships registered with China Classification Society (CCS) has reached 12,123,…
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Tianjin Port plans to raise RMB1bn from notes issue
Dalian: Tianjin Port Co., Ltd plans to issue RMB1bn in medium-term notes on 29 January. The notes will be issued…
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Pair of PSVs ordered at Cosco Guangdong
Singapore: Singapore-listed Cosco Corporation has announced its 51% owned subsidiary Cosco (Guangdong) Shipyard has won an order from Europe for…
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Rongsheng founder relinquishes control
Hong Kong: The former boss of China’s largest private shipyard finally relinquished his contolling shareholding of Rongsheng Heavy Industries yesterday.…
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Wah Kwong: Sabrina Chao’s first interview as chairman
Hong Kong: In her first interview since assuming the chairmanship of Wah Kwong Maritime Transport Holdings last week, Sabrina…
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Henna to start maiden voyage tomorrow
Beijing: HNA Tourism Cruise and Yacht Management, the first cruise ship management company in mainland China will start the maiden…
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Launch of Maritime CEO, the portal for top shipping insights
Singapore: Maritime CEO, the portal for leading shipping insights, officially launches this week. Brought to you by Asia Shipping…
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Jinhai in financial trouble
Shanghai: More tales of woe regarding Grand China Logistics have emerged. Sources working at the company’s shipyard, Jinhai Heavy Industries,…
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Sainty Marine accused of disclosure violations
Shanghai: Fuyi Shipping recently released a statement accusing listed company Sainty Marine over several violations regarding its information disclosure over…
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Grand China keen to mend ties with Huarong
Shanghai: Grand China Logistics has reached a preliminary reconciliation with Huarong Financial Leasing Company on the financial disputes between the…
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GSI cuts salaries to get through market downturn
Guangzhou: Following the executives in CSSC Group taking a 30% voluntary salary cut, Guangzhou Shipyard International (GSI) has carried out…
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CSSC on top of the world
Beijing: Beijing’s State-owned Assets Supervision and Administration Commission (SASAC) of the State Council has claimed that China State Shipbuilding Corporation…
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Seaspan confirms Yangzijiang boxship orders
Hong Kong: Seaspan Corporation announced yesterday that it has signed contracts for the construction of four 10,000 teu class newbuilding…
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Two more investments for freewheeling Yangzijiang
Singapore: Nimble Chinese yard Yangzijiang Shipbuilding continues to diversify as it looks to avoid the worst of the downturn. The…
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