Greater China
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Reading into the Cosco, Alibaba tie-up
News carried on this site on Tuesday that Chinese state-run shipping giant Cosco Shipping has entered into an agreement with…
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CSSC Shipping orders product tanker pair for Louis Dreyfus charter
CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation, has placed an order at Chengxi Shipyard for the…
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SinoOcean and ICBC Leasing partner up to manage idle offshore assets
SinoOcean, an idle offshore assets management platform set up by major Chinese offshore builders, has entered into an agreement with…
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Hong Kong tanker banned from UAE waters for illegal bunkering
UAE’s Federal Transport Authority has announced that it has banned a Hong Kong-flagged oil tanker from entering the country’s ports…
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Dalian Port to absorb Yingkou Port
Dalian Port Group has announced a merger plan to take over Yingkou Port through a share swap deal. Under the…
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Agricore doubles down on capes
Chinese owners are among the most active bidders in the capesize segment with several new, low key players adding their…
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Windfarm installation vessel suffers water ingress incident off Jiangsu
The 2019-built windfarm installation vessel has suffered a water ingress incident off Jiangsu and the operations of the ship have…
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Ningbo Marine secures approval for tanker operations
Chinese dry bulk carrier operator Ningbo Marine has secured a certification from China Maritime Safety Maritime allowing the company to…
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Ludwig Mowinckels orders up to four suezmaxes at New Times
Norwegian owner Ludwig Mowinckels has placed an order at China’s New Times Shipbuilding for the construction of up to four…
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Zhejiang Shipbuilding assets sold in auction
The entire assets of bankrupt Zhejiang Shipbuilding have been sold in one package deal through an online auction arranged by…
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Cosco and Alibaba join forces in bid to transform shipping
Chinese state-run shipping giant Cosco Shipping has entered into an agreement with e-commence conglomerate Alibaba and its fintech affiliate Ant…
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CSSC secures $120m Payra Port contract
China State Shipbuilding Corporation (CSSC) has announced that an affiliate of the group has secured an EPC project for the…
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Yangzijiang offers reward to facilitate debt collection
Chinese private shipbuilding group Yangzijiang Shipbuilding has posted a reward in order to facilitate the collection of over RMB423.8m ($60.4m)…
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Pacific Basin signals impairment of $198m on handysize fleet
Hong Kong’s biggest shipowner, Pacific Basin, has issued a warning to shareholders and potential investors that due to the softness…
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Fortune Ocean Shipping to clear out handy bulker fleet
Dalian-based bulk carrier operator Fortune Ocean Shipping is looking to exit the smaller size bulker segment, having listed all its…
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Antong Holdings owners banned from securities market for life
Chinese domestic container shipping major Antong Holdings has announced that the company’s controlling shareholders and some senior managers have been…
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Shanghai Bestway shareholder under investigation for fraud
Chinese shipbuilding and ship design group Shanghai Bestway Marine Engineering Design has announced that its second largest shareholder Li Lu is…
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ICBC Leasing acquires newbuild LR2 tanker from Andromeda Shipping
Chinese leasing house ICBC Financial Leasing has acquired the 114,000 dwt LR2 tanker Lake Star from Monaco-based owner Andromeda Shipping.…
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Cosco sets up corporate university in Qingdao
Chinese state-run shipping conglomerate Cosco Shipping Group has inaugurated a corporate university in Qingdao for shipping talent development. The Cosco…
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Is Hambantota an unwitting pawn in the new political order?
It was recently announced by China Merchants Port Holdings (CMPH) that it was transferring 23.5% of its 85% shareholding of…
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