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  1. China Shipping buys 50pc of Shanghai cargo carrier

    Posted Oct 21st 2006, 12:00am by Andy Chen

    ... Andy Cheng China Shipping Development, the nation's biggest oil carrier, will buy a 50 per cent stake in a Shanghai shipping firm held by a joint venture for 411 million yuan and plans to liquidate the venture after the deal. China Shipping has also secured a US$168 million, 12-year syndicated loan to buy two very large crude carriers. Citigroup is the bookrunner ...

  2. In Brief

    Posted Aug 04th 2006, 12:00am by Staff Reporter

    ... Jinhui to buy bulk carrier The majority-held arm of small-cap shipping firm Jinhui Holdings is buying a six-year-old, 48,220 deadweight-tonne handymax bulk carrier for US$26 million, bringing its ...

  3. China Shipping buys more vessels

    Posted Nov 02nd 2006, 12:00am by Andy Chen, Charlotte So

    ... Charlotte So and Andy Cheng China Shipping Development, the country's biggest oil carrier, plans to buy 42 dry bulk and container vessels from its parent company for more than two ... attention to the acquisition price, the profitability of the fleet and some specifications of the fleet such as capacity and routes. China Shipping is buying dry bulk carriers amid a recovery ...

  4. Dalian brings Hutchison aboard

    Posted Apr 11th 2006, 12:00am by Charlotte So

    ... further diversify their businesses into bulk and oil terminals by buying a stake in Dalian Port, an analyst said. It will be the first time that PSA has tapped into the bulk and oil terminal ... and tanker companies, could benefit from the integrated port facilities in Dalian, a European analyst said. Dalian Port can handle not only very large crude carriers but also ultra large crude ...

  5. Pacific Basin, TravelSky to raise HK$1.6b from share placements

    Posted Nov 07th 2006, 12:00am by Carol Chan

    ... Lee Yuk-kei and Carol Chan Dry bulk carrier Pacific Basin Shipping and shareholders of the mainland's dominant airline reservation firm TravelSky Technology are raising a combined ... million shares after it received strong demand from investors, sources said. The dry bulk carrier is selling the shares at HK$4.60 to HK$4.80 each, representing a discount of 4 per cent to 8 per ...

  6. China Shipping plans fleet expansion despite tariff cuts

    Posted Mar 30th 2006, 12:00am by Charlotte So

    ... very large crude carriers (VLCCs) from two to 10. Its dry bulk fleet would grow by 7.5 per cent this year. Meanwhile, several measures had been adopted to curb costs arising from increases ... Charlotte So China Shipping Development, the mainland's biggest tanker and dry bulk shipping operator, plans to grow its fleet size by 12 per cent this year even though shipping ...

  7. Business in bulk

    Posted Dec 09th 2006, 12:00am by Shobha Nihalani

    ... or to attend meetings and conferences. 'In Hong Kong, the greatest growth over the next three years will be in conferences and seminars, with bulk-room demand,' said Connie Wong, director ...

  8. China corners bulk of capital investment in Asia

    Posted Oct 18th 2006, 12:00am by Dennis Eng

    ... Dennis Eng Global inflows of foreign direct investment surged 29 per cent to US$916.3 billion last year, the highest level since the high-technology boom of 2000, according to a United Nations survey. Investment in Asia accounted for a little less than US ...

  9. China Merchants Securities bulks up for mainland listing

    Posted Sep 07th 2006, 12:00am by Staff Reporter

    ... Bei Hu China Merchants Securities, the mainland's third-largest securities broker by equity capital, aims to list on a domestic stock market next year, according to executives. The firm would prepare for the move by doubling the size of its branch ne ...

  10. Shenzhen International bulks up with stake deal

    Posted Jul 13th 2006, 12:00am by Denise Tsang

    ... Denise Tsang Red-chip conglomerate Shenzhen International plans to tighten its grip on associate Shenzhen Expressway by buying an extra 18.86 per cent stake from the municipal government, according to informed sources. As part of a long-running restructur ...




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