Greater China
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Wisdom eyes 100 ships
Taipei: Before it turns 15-years old Taiwan’s Wisdom Marine is on course to have a fleet of 100 ships. The…
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Beijing moves to stamp out pricing war
Beijing: The Ministry of Transport warned last year it would help “guide” shipping through the downturn and the latest Beijing…
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Australia – China cape earnings hit new lows
Oslo: The latest report from Norwegian broker Fearnleys shows capesizes trading on the main route, Australia to China, are now…
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Da Chan Bay receives transpacific calls
Guangzhou:Da Chan Bay Terminal One announced it will receive two transpacific services in early September 2012 and two Intra-Asia services…
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Shell invests US$100m to set up Tianjin lubricant plant
The world largest lubricant supplier Shell will invest US$100m to build its 7th lubricant plant in China. Shell’s new plant…
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CIMC to switch bourses
Hong Kong: Port giant China Merchants Holdings (International) Co Ltd said today its Shenzhen-listed China International Marine Containers (Group) Co…
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Red ink flows at Courage Marine
Hong Kong: Losses continue for dual-listed Courage Marine. First half losses stood at $9.88m, just up from the $9.87m loss…
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Evergreen bolsters Myanmar presence
Taipei: Evergreen Line will start its new Straits-Yangon (Myanmar) service (SYS) at the end of this month as demand for…
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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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