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  1. China Cosco bulks up in 34.6b yuan fleet deal

    Posted Sep 05th 2007, 12:00am by Kandy Wong

    ... Kandy Wong Assets from parent firm will make it top resources carrier China Cosco Holdings, the mainland's largest shipping conglomerate, will buy its parent firm's dry bulk ... carriers. The Baltic Exchange's Dry Freight Index hit a record high of 7,783 yesterday, gaining 1.05 per cent from the previous day. Investment bank Cazenove estimated the bulk assets ...

  2. Bulk rates help buoy China Shipping profit

    Posted Aug 15th 2007, 12:00am by Charlotte So

    ... Charlotte So China Shipping Development, a leading mainland coal and oil shipping company, said first-half profit rose 70 per cent as it expanded its fleet and a rise in dry bulk freight ... profit increased to 2.2 billion yuan from 1.3 billion yuan a year earlier as sales gained 29 per cent. In the first half, 42 dry bulk vessels acquired from parent China Shipping (Group) were ...

  3. Income grows 2.4pc at bulk shipping firm

    Posted Mar 30th 2007, 12:00am by Charlotte So

    ... Charlotte So China Shipping Development, a mainland dry bulk and crude oil carrier, said last year's profit rose 2.4 per cent as volume growth helped ease the impact from falling ... for dry bulk freight rate, to stay firm this year amid strong demand for iron ore, coal, steel and cement in the mainland. The company said it would explore new markets for coal and iron ore ...

  4. China Shipping to spend 12.5b yuan on expansion

    Posted Mar 31st 2007, 12:00am by Charlotte So

    ... Charlotte So China Shipping Development plans to invest 12.5 billion yuan to expand the capacity of its bulk carriers by 50 per cent and double its tanker fleet by 2010, capitalising ... would use more bigger bulk carriers with capacity of 30,000 to 50,000 deadweight tonnes. The mainland became a net importer of coal in the first two months of this year following curbs on coal ...

  5. Making waves

    Posted Aug 10th 2007, 12:00am by Michael Richardson

    ... Russia's plans to expand its fleet and India's naval build-up could push China to develop an aircraft carrier, writes Michael Richardson Russia's naval chief said recently that six new nuclear-powered aircraft carriers would be added to his fleet in the next 20 years, as part of a major expansion and modernisation of maritime power. Admiral Vladimir Masorin added ...

  6. Booming trade, foreign interest spur transport plays to mull IPOs

    Posted Nov 07th 2007, 12:00am by Charlotte So

    ... Charlotte So Rapid growth in the dry bulk shipping business and airline acquisition interest are boosting the number of transport-related initial public share offerings. Eleven transport ... companies, including Ningbo Port, Qingdao Port and Guangzhou Port. Ningbo and Qingdao are two of the largest bulk ports in mainland, which could capitalise on the growth in imports of iron ore, coal ...

  7. Tycoons commit US$25m each to Sinotrans IPO

    Posted Nov 05th 2007, 12:00am by Nevin Nie

    ... and for general working capital. A leading dry bulk ship-owning company in the mainland, Sinotrans Shipping operates 34 vessels, including 26 dry bulk carriers and three oil tankers, with a combined ... Nevin Nie Sinotrans Shipping, one of the country's largest shipping companies in terms of self-owned dry bulk fleet size, had brought in Li Ka-shing and Lee Shau-kee as cornerstone ...

  8. Haisheng soars 10pc on plan to acquire parent's assets

    Posted Feb 10th 2007, 12:00am by Charlotte So

    ... which have gained 74 per cent this year, rose to 7.24 yuan, their highest close since April 19, 2004. The bulk carrier made the announcement after a strategic agreement signed by China Shipping ... Haisheng, a Hainan-based bulk shipping company with about 12 bulk vessels, will rapidly increase its fleet size by acquiring quality assets from its parent company, according to its announcement ...

  9. Sinotrans charts US$1.7b fleet expansion

    Posted Nov 06th 2007, 12:00am by Charlotte So

    ... Charlotte So Sinotrans Shipping, the mainland's third-largest owner of bulk vessels, has earmarked US$1.7 billion of its planned HK$11.5 billion initial public offering for fleet ... Group's bulk vessel chartering business. 'When the company acquires 100 dry bulk vessels from the parent company, it will be bigger than China Shipping Group in the dry-bulk business,' ...

  10. China Cosco shares surge 7pc on likely parent bulk fleet injection

    Posted Jul 28th 2007, 12:00am by Charlotte So

    ... company would inject its bulk shipping division soon, substantially boosting the listed company's earnings. Expectations were driven by the company's announcement on Thursday night- ... dry bulk shipper that controls about 8 per cent of global capacity for ferrying iron ore and other commodities. The Tianjin-based listed shipping line said in March that it planned to buy dry ...




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