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  • September 19, 2014
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  1. Mainland banks drive full speed into financing for new ships

    Posted Jan 13th 2011, 12:00am by Keith Wallis

    ... Keith Wallis Mainland banks are likely to have secured a record volume of ship finance deals last year as they supported Chinese and foreign shipowners with orders at Chinese shipyards while also competing in the global ship finance market. The top three lenders- Bank of China, Industrial and Commercial Bank of China and Export-Import Bank of China- advanced more than US$1.5 ...

  2. OOIL spends $1.7b on ships

    Posted Aug 31st 2004, 12:00am by Staff Reporter

    ... Bei Hu Orient Overseas (International) Ltd, controlled by the family of Chief Executive Tung Chee-hwa, has ordered four vessels worth a combined HK$1.72 billion to expand its container fleet. Four of the company's Marshall Islands subsidiaries entered into agreements yesterday with South Korean shipbuilder Samsung Heavy Industries to construct the 4,500-teu (20-foot ...

  3. Shipping titans encounter stormy weather

    Posted Feb 14th 2011, 12:00am by Keith Wallis

    ... Keith Wallis For owners of large dry-bulk cargo ships and tankers, the first two months of this year have not been the best of times to be a shipping titan. Almost three years ago, shipowners toasted their luck as they saw the daily charter rate for an 180,000 deadweight tonne dry bulk capesize ship soar to close to US$300,000 as the mainland fuelled global demand for coal ...

  4. Shipbuilder Rongsheng joins global green trend

    Posted Jan 05th 2011, 12:00am by Charlotte So

    ... by the Export-Import Bank of China and the Bank of China, which signed a credit line in September last year to provide up to US$1.23 billion to finance the construction of the ships. ... and comply with the increasingly rigid regulations on ships globally. China Rongsheng Heavy Industries Group Holdings, for one, is making its mark with plans to build hybrid ships that can be fuelled ...

  5. Construction giant CSCE reveals its global ambitions

    Posted Apr 21st 2010, 12:00am by Toh Han Shih

    ... Toh Han Shih China State Construction Engineering Corp (CSCE), which had the world's biggest initial public offering last year, aims to be the world's biggest property construction firm and one of the 100 largest global companies by 2020. The ambitious plans were contained in an announcement posted on the Shanghai Stock Exchange website yesterday. The state-owned ...

  6. China Railway Construction all out to secure overseas contracts

    Posted Oct 20th 2009, 12:00am by Toh Han Shih

    ... Construction Corp is leading the way for mainland firms in an aggressive government-sponsored 'going out' strategy that has seen them secure contracts to construct railways, roads ... in Kunming, the capital of Yunnan province, President Hu Jintao urged the company to expand into international markets and become a top-tier global entity. For these large mainland construction ...

  7. Construction firm agrees to pay off protesting bar benders

    Posted Nov 18th 2008, 12:00am by Colleen Lee

    ... Colleen Lee More than a dozen construction workers laid off last week by a subcontractor protested yesterday outside a building site in Sha Tin demanding unpaid wages and payment in lieu of notice. The protest ended in the afternoon when the contractor- Hsin Chong-Yau Lee Joint Venture- agreed to immediately pay November wages of all 57 workers who had been laid off. The protesters ...

  8. Construction Bank gears up for a US$5b offering

    Posted Dec 13th 2003, 12:00am by Christine Chan

    ... to begin in earnest next year with the planned US$5 billion equity raising by China Construction Bank, according to sources. The share offering, which could be the mainland's largest, would ... of the deal, sources said. Morgan Stanley was a frontrunner to become a co-sponsor because of its eight-year partnership with China Construction Bank on CICC, a joint-venture investment bank. Citigroup ...

  9. Capacity on Africa route to rise 20pc

    Posted Aug 05th 2003, 12:00am by Staff Reporter

    ... on the service, and Hamburg-Sud bought slots on a separate service run by Evergreen and Cosco. From this month, a further 10 ships, each of about 2,500 teu (20-ft equivalent units) capacity, will enter ... Thus, from an 11-ship service operated as the Super Good Hope Express, a new product has been formed with 21 vessels over two separate services. Significantly, CMA-CGM has moving up from a slot ...

  10. China Shipping in LNG venture with Sinopec

    Posted Aug 14th 2008, 12:00am by Charlotte So

    ... Charlotte So China Shipping Group, the mainland's second-largest shipping conglomerate, will form a liquefied natural gas shipping joint venture with Sinopec Group, the country's largest refiner, to capitalise on rising demand for cleaner energy. 'Task forces from both companies are working together on a plan for the LNG shipping company,' said China Shipping ...




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