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  • September 15, 2014
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  1. Business - Economy - SHIPPING

    Asian bulk capesize rates seen falling as ships exceed new cargo volumes

    Posted Jul 11th 2014, 01:31am by Reuters

    ... Reuters in Singapore Freight charges will continue to sink as underactive market sees available charter ships on vital Asian routes exceed new cargo volumes Brokers predict fall in Asian bulk capesize rates Rates for capesize bulk carriers on key Asian routes will continue to fall next week as the number of ships available for charter outpaces the volume of new cargoes, brokers ...

  2. 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 ...

  3. 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 ...

  4. 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' ...

  5. 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 ...

  6. 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 ...

  7. Business - China Business - SHIPPING

    Shipbuilder Rongsheng sinks deeper in losses

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

    ... Jing Yang jing.yang@scmp.com Rongsheng's 3b yuan loss in first half bucks recovery trend among mainland competitors Shipmaker sinks into negative territory China Rongsheng Heavy 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 ...

  8. Business - Companies - SHIPPING

    Four container shipping lines team up to serve North East Asia-Oceania

    Posted Aug 26th 2014, 01:10am by JING YANG

    ... spokesman Stanley Shen said. The company has the world's 11th-largest container fleet. The company is a major operator in the China-Australia service, with about 25 per cent market share, added Shen. Still, there is a limit to how big the vessels could get and "whether terminal infrastructure can support the bigger ships and whether there is enough market demand to fill the ships. ...

  9. Business - Companies - SHIPPING

    Neptune Orient Lines considers sale or spin-off of logistics unit

    Posted Aug 21st 2014, 01:28am by JING YANG

    ... reported losses due to a protracted downturn in the container shipping market. NOL is 67 per cent owned by Temasek Holdings, the Singapore government's sovereign wealth fund. "The plan ...

  10. News - Hong Kong - SHIPPING

    Another broken-down cargo ship washes up on Hong Kong beach

    Posted Jun 26th 2014, 04:05am by Clifford Lo

    ... Kong swimmer in the Asian Games, was found dead on June 1, 1995, after his right leg was bitten off by a shark. A day later, hairdresser Herman Lo Cheuk-Yuet, 29, was mutilated in a second ...




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