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  1. Assurances needed after collision at sea

    Posted Mar 24th 2008, 12:00am by Staff Reporter

    ... Hong Kong's shipping lanes are busy and consequently well policed, but that does not make them immune from accidents. The collision on Saturday night between a bulk carrier and supply boat is proof, as if it was needed, that no matter how sophisticated the technology, mishaps can never be wholly discounted. Just what occurred in this particular instance will take some time ...

  2. Naval architect makes design breakthrough

    Posted Sep 27th 2008, 12:00am by Chris Davis

    ... is credited with one of the most significant breakthroughs in environmental ship design in recent years for the improvements he made to the structure of Capesize bulk carriers that are too large ... as the 'father of the Capesize bulk carrier in China', Dr Cheng implemented his 'Green Cape' concept, which prevents pollution by ballast water as well as fuel and lubricating oils. ...

  3. China Shipping expects pressure on tanker rates

    Posted Aug 13th 2008, 12:00am by Charlotte So

    ... downturn in the global economy,' the firm said. Oil transportation rates would be volatile and come under pressure in the second half, the firm said. The outlook for dry bulk would be more positive, hovering at a high level. The Baltic Dry Index, which reflects the charter rates of dry bulk vessels, rose 62 per cent on average in the first half. Average coastal rates rose 68 per cent ...

  4. UK builders slash prices for foreign bulk buyers

    Posted Dec 03rd 2008, 12:00am by Richard Warren

    ... Cash-strapped developers turn distressed sellers Cash-strapped British developers are offering bulk-buying investors from Hong Kong and elsewhere discounts of up to 40 per cent at some housing projects, a property firm has revealed. Stuart Law, the chief executive of property investment advisory firm Assetz, said some developers were selling homes at less than cost price because ...

  5. Bulk shippers sink amid slump fears

    Posted Sep 04th 2008, 12:00am by Charlotte So

    ... Charlotte So Shares of bulk shipping companies slumped yesterday after news of higher iron ore stockpiles at mainland ports and lower shipping prices indicated a slump in demand. China Cosco Holdings, operator of the world's largest bulk shipping fleet, fell 9.45 per cent to HK$13.22 yesterday, while China Shipping Development, the country's largest coastal bulk ...

  6. Quick turnaround unlikely for dry-bulk shippers

    Posted Dec 10th 2008, 12:00am by Toh Han Shih

    ... Toh Han Shih Analysts predict global dry-bulk cargo shipping will remain in the doldrums until early next year at least, which will hurt the profitability of the world's dry-bulk shippers. China Cosco Holdings, the world's largest dry-bulk shipper and the dominant international dry-bulk shipper in Greater China, will incur losses in the fourth quarter and early next ...

  7. Bulk shippers fall on rates gloom

    Posted Sep 27th 2008, 12:00am by Charlotte So

    ... Charlotte So Shares in bulk shipping companies fell as much as 11 per cent yesterday as hopes for a recovery in dry bulk freight rates dimmed amid a scale back in global steel mills output. China Cosco Holdings tumbled 11 per cent to HK$8 yesterday while China Shipping Development closed 3.4 per cent lower at HK$10.5. Pacific Basin dropped 10 per cent to HK$6.2. Analysts ...

  8. Bulk freight charges unlikely to jump

    Posted Jun 25th 2008, 12:00am by Charlotte So

    ... Charlotte So The conclusion of iron ore talks between China and Australia may not have the impact on bulk shipping rates that it had in the past, according to analysts. Previously, once miners and steel mills in China agreed on contracted iron ore prices, bulk shipping rates would increase 15 to 20 per cent, said Karen Chan, a transport analyst at RCM. That was because mills ...

  9. Pacific Basin earnings surge 328pc on higher average dry bulk rates

    Posted Mar 04th 2008, 12:00am by Charlotte So

    ... Charlotte So Pacific Basin Shipping delivered yesterday a stronger than expected 328 per cent jump in net profit for last year on higher average dry bulk rates. The world's largest operator of smaller- so-called handy-size- bulk cargo vessels said it would continue to diversify into the terminal business on the mainland, believing the nation's demand for raw materials ...

  10. Stalled iron ore talks hammer dry bulk rates

    Posted Jan 18th 2008, 12:00am by Charlotte So

    ... Charlotte So Dry bulk shipping rates plunged yesterday as talks between Brazil and the mainland over the price of iron ore ground to a halt, but analysts said the decline- which could crimp the earnings of shipping giants such as China Cosco Holdings- was temporary. The Baltic Dry Index, an indicator of average dry bulk freight rates, dropped 5.7 per cent to 6,915 points ...




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