Greater China
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Hong Kong’s tourism commissioner outlines cruise ambitions
Hong Kong: Cruiseships calling at Hong Kong’s soon-to-open Kai Tak cruise terminal will need to use low sulphur fuel at…
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OOCL’s results leave other lines in the shade
Hong Kong: Despite a tough final quarter Orient Overseas Container Line (OOCL) managed revenues and liftings for 2012 that are…
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Green light for Brightoil in Xinjiang
Hong Kong: Brightoil Petroleum (Holdings) Limited announced that the National Development and Reform Commission has officially approved the overall development…
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CSA opposes Vale’s distribution centre project in Zhanjiang
Shanghai: The China Shipowners’ Association CSA has recently sent an opinion letter to the National Development and Reform Committee (NDRC)…
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CSCL predicts RMB520m profit
Shanghai: China Shipping Container Lines (CSCL) has made an announcement that the group is expected to record a net profit…
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Property rebound sees cape bounce
Dalian: The Baltic Dry Index leapt 10% last week on the back of solid demand from China as the nation’s…
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Höegh returns to Xiamen
Shanghai: Höegh Autoliners has chosen Xiamen Shipbuilding Industries to build three pure car truck carriers (PCTCs) for delivery in 2015.…
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COSCO Pacific looks to drum up cash
Hong Kong: COSCO Pacific Finance Company Limited, a wholly-owned subsidiary of COSCO Pacific, is looking to issue notes and is…
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Double christening milestone for OOCL
Hong Kong: Hong Kong liner OOCL christened the two largest boxships it has ever owned today. Two 13,208 teu ships…
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Citing high HK rents, Wallem sets up shop in Shenzhen
Hong Kong: Soaring rents are forcing one of Hong Kong’s most famous shipmamanagers to relocate a chunk of its business.…
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Wuhan court closes down local shipyard
Shanghai: Wuhan Jiang’an district court yesterday closed down Hubei Jiangyan Shipbuilding, a shipyard with almost 50 years history and sealed…
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UOB urges investors to dispose of dry bulk shares
Hong Kong: UOB Kay Hian Securities yesterday urged investors to dispose of dry bulk shares including China COSCO and China…
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Wuchang Shipbuilding wins RMB2.5bn contract
Beijing: As the traditional merchant shipbuilding market has been in the doldrums in China, shipyards in China have been looking…
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Shanghai to set up China’s first shipping insurance association
Shanghai: According to the Shanghai Insurance Regulatory Commission (SIRC), the preparation work of a shipping insurance association is underway. The…
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China’s first ECA on the cards
Guangzhou: News yesterday that the Hong Kong chief executive C Y Leung plans to introduce mandatory emission controls on ships…
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Brightoil tanker catches fire at Haidong Shipyard
Shanghai: A 7,000dwt oil tanker from Brightoil caught fire at a dock of Zhejiang Haidong Shipyard yesterday. The fire was…
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CSIC a rarity among Chinese shipbuilders, reporting profit increase for 2012
Beijing: China Shipbuilding Industry Corporation (CSIC), one of the two largest shipbuilding conglomerates in China, saw its 2012 revenue jump…
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Greeks hunt down ‘bargain’ Tiger pair, says Lion
Dalian: Brokers report that 2013 has got off to a very active start in the sale and purchase market, with…
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Sabrina Chao becomes chairman of Wah Kwong
Hong Kong: In a much telegraphed move Sabrina Chao has stepped up to become chairman of Wah Kwong Maritime Transport…
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Further cash raising for Yangzijiang
Singapore: In further cash raising mode Singapore-listed Yangzijiang Shipbuilding has is aiming to raise RMB92.17m from a warrant issue. 330m…
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