Greater China
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Mass exodus at Brightoil’s S’pore ops continues
Singapore: The mass exodus at bunker trader Brighoil Petroleum’s Singapore operations continues with Reuters reporting that its head of global…
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China’s exports to grow 12% through 2015
Hong Kong: Due to expanding trade with emerging markets, average growth rate of China’s exports are expected to reach 12%…
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Further port build up in Qingdao
Dalian: Tongyu Heavy Industry inked an agreement on 20 November with Qingdao Jimo municipal government to invest and construct a…
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Major ports show negative growth
Shanghai: Major ports of China showed negative growth during the third quarter, which should be the peak season for the…
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CIMC to relist in Hong Kong
Hong Kong: China International Marine Containers (CIMC), the world’s largest shipping container manufacturer is transferring its listing from the mainland…
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China to cut taxes for iron ore miners
Beijing: China is considering cutting taxes for domestic iron ore miners to help domestic mining firms compete with overseas rivals.…
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Shell readies huge investment in China
Beijing: Europe’s largest oil company Royal Dutch Shell said it will invest around US$1bn annually in its upstream businesses in…
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Boxports latest: Shenzhen overhauling HK, Dalian fastest grower and Yingkou vaults into top 25
Hong Kong: Hong Kong, until 2005 the busiest boxport in the world, is likely to relinquish third spot to Shenzhen…
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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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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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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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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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