Greater China
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PetroChina issues RMB20bn bonds
Beijing: PetroChina has announced today that it will issue RMB20bn worth of bonds from November 22. The bonds will be…
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ABS joins hands with CSBC
Houston: Classification society ABS has signed a strategic agreement with Taiwanese shipbuilder CSBC. According to the agreement, ABS agrees to…
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Rongsheng’s S’pore offshore unit vital to future earnings
Hong Kong: China Rongsheng Heavy Industries Group Holdings reckons a new offshore-energy equipment unit headquartered in Singapore may generate half…
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CSCL sells containers
Hong Kong: China Shipping Container Lines (CSCL) announced that the company’s subsidiaries have reached agreement with CLC Maritime Container Leasing…
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KHI looks to China for salvation
Tokyo: Japan-based Kawasaki Heavy Industries’ earnings from its shipbuilding business in China for the period of April 2012-March 2013 is…
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Jiangnan scores six VLGCs
Shanghai: Jiangnan Shipyard, a CSSC-affiliated shipyard in Shanghai, recently has received an order of six VLGCs from China Oriental Energy.…
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Loan for China COSCO Holdings
Hong Kong: Cosco’s Hong Kong-listed flagship has announced it has acquired a US$200m three-year-loan from China Agricultural Bank’s Singapore branch.…
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XIPG purchases four vessels
Shanghai: Xiamen International Port Co (XIPG) announced on 18 November that Xiamen Port Shipping – an indirect non-wholly-owned subsidiary of…
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CIC invests in Brazil logistics market
Beijing: China Investment Corporation (CIC), will set up two JVs with Canada Pension Plan Investment Board, the Government of Singapore…
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Ultrabulk ditches Jinhaiwan in favour of Imabari
Shanghai: Citing delays in construction, Ultrabulk has cancelled two kamsarmaxes at Jinhaiwan Shipyard, originally ordered in 2010, adding to the…
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New Chinese client for Rolls-Royce
Shanghai: Rolls-Royce, the global power systems company, has won a £12m order to design and equip two platform supply vessels…
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February deadline for Titan
Hong Kong: The High Court of the Hong Kong Special Administrative Region has ordered that the proceedings looking into the…
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Dalian readies new offshore shipping fund
Dalian: Dalian Port & Shipping Fund Co, an industrial fund company with a local government background, is planning an offshore…
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Guangdong updates railway links to ports
Guangzhou: Guangdong Administration of Transport has release a new guidance for port development in the province yesterday in order to…
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Maersk becomes first line to shift 1m teu in a year from Qingdao
Dalian: The leading shipping company Maersk Lines has achieved 1m teu at Qingdao port during only ten and a half…
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China’s oil import ratio to hit 60% next year
Beijing: China will import around 60% of the oil it uses next year, up from an anticipated 57% this year.…
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Yangzijiang Shipbuilding ups interest in steel fabrication
Singapore: Singapore-listed Yangzijiang Shipbuilding is spending RMB12m to boost its steel fabrication volumes as it continues to diversify from its…
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CPC and CNOOC to jointly explore for gas in the Taiwan Strait
Taipei: In yet another sign of thawing ties across the Taiwan Strait, the Wall Street Journal is reporting that two…
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Cosco/China Shipping merger unlikely, sell stocks: Macquarie
Hong Kong: In its latest Asia Shipping Pulse, the highly regarded investment report compiled by Macquarie, the bank reckons the…
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BIMCO’s Shanghai move
Shanghai: BIMCO will be opening its Shanghai Centre office on 25 February 2013, as exclusively reported by SinoShip News two…
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