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  1. Taiwanese joint venture to buy seven oil tankers

    Posted Sep 02nd 2010, 12:00am by Keith Wallis

    ... that will transport about 40 per cent of the petroleum giant's oil needs. The joint venture, Global Energy Marine, also includes Taiwan-listed shipping company U-Ming Marine Transport Corp and Chinese Maritime Transport, which has links with Hong Kong's Tung shipping family. It will be formally launched in the next few weeks. U-Ming Marine president C.K. Ong said the joint venture would ...

  2. Asia Energy invests in railway and ships to expand into logistics

    Posted Apr 23rd 2010, 12:00am by Eric Ng

    ... foreign companies to take controlling stakes in main railway lines but they are welcome to do so in construction of branch lines, since the government wants to attract diverse sources of funding ... that charged by trucks using highways. On shipping, Asia Energy's joint venture plans to buy two 30,000 tonne ships to move coal from Hebei to power stations owned by substantial shareholder Zhu ...

  3. Guangzhou says Nansha port will boost HK shipping role

    Posted Mar 17th 2004, 12:00am by Staff Reporter

    ... of the Pearl River Delta will make it a natural transport and shipping centre. Since drawing up the plan, Guangzhou has spent 10 billion yuan a year to realise it. Nansha development zone authorities yesterday said the construction of four 50,000-tonne multi-function berths had been completed and would be in service by September. Plans also have begun for another four 100,000-tonne container ...

  4. Lloyd's Register helps set the standards for a rising mainland

    Posted Sep 20th 2010, 12:00am by Keith Wallis

    ... Register, which initially specialised in overseeing the construction of ships to ensure they were built to international safety standards. Recently the British company has become one of the few ... China's biggest shipyard in tonnage terms, by overseeing 21 ships that have either been delivered, are under construction or have been ordered at the yard. The shipyard, which only delivered its ...

  5. Quek takes $2.6b punt on KWah Construction

    Posted Mar 19th 2005, 12:00am by Peggy Sito

    ... Peggy Sito Malaysian businessman Quek Leng Chan has become a strategic shareholder in K Wah Construction Materials after a $2.6 billion share purchase earlier this week. The unexpected acquisition is believed to be part of a share and asset restructuring of K Wah Construction, which could lead to the firm announcing a huge placement involving about two billion new shares to finance ...

  6. Choppy waters forecast as too many cargo ships chase too little freight

    Posted Mar 02nd 2011, 12:00am by Keith Wallis

    ... Keith Wallis Too many ships chasing too few dry bulk cargoes are likely to lead to a weaker shipping market this year compared with 2010, senior executives from dry cargo specialist Pacific Basin Shipping said yesterday. Klaus Nyborg, the firm's chief executive, said the recovery in near-term demand for handysize ships of between 25,000-40,000 deadweight tonnes would ...

  7. Ship refueller has big growth plans

    Posted Jan 10th 2011, 12:00am by Eric Ng

    ... monopoly China Marine Bunker PetroChina (Chimbusco)- a joint venture between oil titan PetroChina and shipping giant Cosco Group- Brightoil obtained a licence to operate. As of 2009, the company ...

  8. China Shipping prepares for challenges ahead

    Posted Aug 19th 2010, 12:00am by Charlotte So

    ... Charlotte So China Shipping Development, one of the country's major shipping conglomerates, said it was heading into more challenging waters in the second half after reporting a 60 per cent increase in interim net profit. But the company said it had prepared for freight rate volatility in the bulk shipping market by setting up more long-term contracts with mainland power ...

  9. No 1 domestic energy shipping firm says coal rates up 10pc

    Posted Mar 30th 2010, 12:00am by Charlotte So

    ... Charlotte So China Shipping Development, the largest domestic energy shipping company on the mainland, said the contract freight rate for coal increased more than 10 per cent this year ... this year, equivalent to 26 per cent of the existing global fleet. China Shipping Development will take delivery of 23 new vessels and scrap 11 vessels this year, equivalent to a 15 per cent net ...

  10. New warehouses in demand as shipping volumes recover

    Posted Dec 16th 2009, 12:00am by Staff Reporter

    ... Isabella Steger Limited new supply and a recovery in shipping volumes have helped boost leasing interest in a warehouse and distribution centre in Hong Kong planned by Australian property ... industrial buildings to promote a knowledge-based economy. UPS, the world's largest package delivery firm, said earlier that its shipping volumes had recovered to beyond 2007 levels ...




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