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  • October 23, 2014
  • Last updated: 8:47pm
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Results 1 - 10 of 73 for financial markets

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  1. Business - Companies - SHIPPING

    Rongsheng Heavy Industries mulls restructuring to improve finances

    Posted Oct 01st 2014, 04:18am by JING YANG

    ... biggest privately owned shipbuilder. Rongsheng said in a Hong Kong stock market filing on Monday evening that the asset appraisal would form the basis for a potential restructuring at its main shipyard in Rugao City, Jiangsu, and the process would be completed by the end of June 2015. "The objectives of the potential restructuring are to improve the overall financial position ...

  2. Business - Companies - SHIPPING

    Maersk Line, MSC alliance may stifle competition

    Posted Oct 09th 2014, 09:36am by JING YANG

    ... accounting for 35 per cent of market share on Asia-Europe trade lanes, 16 per cent on transpacific routes and 30 per cent on transatlantic routes. "Can you imagine Apple and Samsung teaming up ... approval from mainland antitrust authorities. In Europe, the European Commission exempts container shipping consortiums that have a market share of up to 30 per cent from EU antitrust rules ...

  3. Business - Companies - SHIPPING

    CIMC declares another win in battle against Brazil’s Schahin

    Posted Sep 19th 2014, 12:47pm by Jing Yang and Benjamin Robertson

    ... and London in December 2011. In a separate development in July, ICBC Financial Leasing, an offshoot of Industrial and Commercial Bank of China, struck a US$1.08 billion sale and lease-back deal with Schahin during President Xi Jinping’s visit to the South American country. The deal marked the first time that a Chinese leasing company entered Brazil’s booming offshore oil exploration market.  ...

  4. Business - China Business - SHIPPING

    China Merchants Energy Shipping deal raises hope for Valemax return to Chinese waters

    Posted Sep 27th 2014, 05:32am by JING YANG

    ... years. The Brazilian miner was under pressure to employ larger vessels to reduce freight costs as capacity was also increasing in Australia and the iron ore market was "effectively oversupplied", Leszczynski said. However, the shipping market may not feel any tangible impact from the planned total of 20 Valemax vessels. "In any case, it's not a few more Valemax carriers ...

  5. Business - China Business - SHIPPING

    Shipbuilder Rongsheng sinks deeper in losses

    Posted Aug 29th 2014, 11:44am by JING YANG

    ... Industries, one of the mainland's largest privately owned shipbuilders, sank deeper into loss despite a budding recovery in the shipping market that helped recoup losses for companies like China ... financial covenants of another 609.2 million yuan in loans. "The group is seeking a waiver for this borrowing and has obtained preliminary consent from the relevant bank," Rongsheng said. ...

  6. Business - Companies - SHIPPING

    Cosco signs landmark deal with Vale for giant ore carriers

    Posted Sep 13th 2014, 04:47am by JING YANG

    ... it could actually be positive for the shipping market, according to James Leake, a managing director at London-based Arrow Research. "At most four capesize at any one time are employed for the onward shipment of iron ore from Subic Bay," Leake said. "Bringing this practice to an end would have minimal impact on the market. "But if this really means China is going ...

  7. Business - Companies - SHIPPING

    All aboard for 4-way battle on sea lanes

    Posted Sep 11th 2014, 06:02am by JING YANG

    ... consortiums that have a market share of up to 30 per cent from EU antitrust rules provided there is no price-fixing or collusion. In China, carriers need only file a plan for joint operation ... we think are for the eventual purpose of price-fixing and market manipulation," said Cai Jiaxiang, the vice-chairman of the China Shippers' Association and Asia Shippers' ...

  8. Business - Companies - SHIPPING

    Three global shipping lines form alliance serving Asia, Europe and US

    Posted Sep 10th 2014, 04:05am by JING YANG

    ... Jing Yang jing.yang@scmp.com The Ocean Three pact of the world's three largest container shipping lines is expected to reshape the battleground for market shares Leading carriers ... It will garner 20.3 per cent market share in Asia-Europe trade and 13.1 per cent on Asia-North America trade, according to Tan Hua Joo, an executive consultant at Paris-based container shipping ...

  9. Business - Companies - SHIPPING

    Maersk-MSC tie-up approval may run to late 2014

    Posted Sep 02nd 2014, 12:38am by JING YANG

    ... November but with additional conditions attached. Marketed as 2M, Copenhagen-based Maersk Line and Geneva-based MSC plan a vessel-sharing agreement for seaborne trade that straddles Europe, the US ... to 19,200 teus, exceeding the size of container ships now in service or under construction. As 2M embodies a traditional vessel-sharing agreement now commonplace in the container shipping market ...

  10. Business - Companies - SHIPPING

    Maersk, MSC file plan with US commission on proposed tie-up

    Posted Aug 29th 2014, 01:14am by JING YANG

    ... sharing agreement now commonplace in the container shipping market. It does not fall under the category of "concentration of business operators" defined by China's anti-monopoly law ... Including Asia-Europe trades, 2M involves a total of 185 vessels with a capacity of 2.1 million teu. It has a market share of 35 per cent on Asia-Europe, 16 per cent on transpacific and 30 per cent ...




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