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  • July 11, 2014
  • Last updated: 12:18am
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  1. Business - Companies - SHIPPING

    Dry-bulk carriers ride new trend in energy industry

    Posted Aug 05th 2013, 12:00am by Anita Lam

    ... Anita Lam anita.lam@scmp.com Replacement of coal with wood pellets as new power source could double volume of sea trade Dry-bulk carriers ride new trend in energy industry The era ... common bulk carriers and include Supramax (50,000- to 60,000-deadweight-tonne), Handymax (40,000 to 50,000 dwt) and Handy (40,000 dwt) vessels. Wood pellets for use in biomass-fuelled power ...

  2. Business - China Business - SHIPPING

    New orders threaten dry-bulk recovery

    Posted Jul 23rd 2013, 12:00am by Reuters

    ... Reuters in Singapore New orders threaten dry-bulk recovery A flood of orders for new vessels and slower growth in Chinese demand for commodities could derail a recovery in dry bulk ... comes at a time of slowing economic growth on the mainland, which has raised fears that its vast appetite for imported raw materials may start to wane. The ordering wave [for new dry bulk ...

  3. Business - Companies - SHIPPING

    Time to buy dry bulk bargains, says chief

    Posted Mar 06th 2013, 12:00am by Keith Wallis

    ... are certainly in the zone" to buy. "There is a lot more interest from potential buyers, and volumes in the secondhand market, particularly for bulk carriers, are running at quite high ... Japanese shipyards have traditionally built better quality bulk carriers than Chinese yards. Berglund said secondhand vessels also offered a "better return on capital" than new vessels, ...

  4. Business - Companies

    China Rongsheng Heavy Industries signs US$1b shipbuilding contract

    Posted May 19th 2014, 03:22am by Jeanny Yu

    ... billion contract with a European shipowner to build up to 36 bulk carriers within the next three years, thanks in part to a strong global shipping market. Of the total, 24 are confirmed orders ... were from foreign buyers, according to the China Association of the National Shipbuilding Industry. All the 36 ships to be delivered are dry bulk carriers of 64,000 deadweight tonnes. ...

  5. Business - China Business - AVIATION

    China United Airlines converted into budget carrier

    Posted Jul 03rd 2014, 02:08am by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Parent China Eastern says move is intended to create mainland's biggest low-cost airline China United converted into budget carrier China Eastern ... to enter the low-cost-carrier (LCC) market. China Eastern said in a brief post on its Sina Weibo microblog that China United would strive to be the mainland's biggest budget operator. ...

  6. Business - China Business - SHIPPING

    Dry-bulk shipping sector faces worst crisis in years

    Posted Sep 24th 2012, 12:00am by Keith Wallis

    ... Keith Wallis keith.wallis@scmp.com Industry survey of delegates at a summit in Xiamen shows that a slide in freight rates and glut of new buildings are major concerns for owners Dry-bulk sector faces worst crisis in years Dry-bulk shipping, which is facing its worst crisis in years due to a slump in freight rates and too much tonnage, is unlikely to fully recover until at least ...

  7. Business - Companies - SHIPPING

    Chairwoman Sabrina Chao steers Wah Kwong Maritime past rocky shoals

    Posted Mar 07th 2014, 11:48am by Charlotte So

    ... line. Wah Kwong owns a fleet of 27 ships, including dry bulk vessels, tankers and liquefied petroleum gas carriers. It plans to increase the size of the fleet to 40 by 2016. Chao believes ... the volatile market for dry bulk shipping mauled many of the firm's rivals. The daughter of former film star Lily Chao emerged from her office wearing little make-up, her hair hanging over her ...

  8. Business - Companies - COMPANY VISIT

    Yoga-fitness chain Pure hopes to bulk up in China

    Posted May 16th 2014, 10:48am by TIFFANY AP

    ... Tiffany Ap tiffany.ap@scmp.com Home-grown health and fitness chain expands aggressively with new locations across Asia, its own clothing brand and an organic food business Pure play competitor The yoga studios at Pure typically smell like a mix of coconut ...

  9. Business - Companies

    Lufthansa adds revenue sharing joint venture to Air China partnership

    Posted Jul 08th 2014, 01:54am by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Lufthansa, Air China expand partnership German airline Lufthansa is expanding its partnership with Air China, the mainland's biggest carrier ... "offer our customers, particularly those in Europe and China, even better flight connections and services in the future". The new partnership deal, which will allow the two carriers to sell ...

  10. Business - Money

    Hong Kong Airlines plans dual-currency IPO

    Posted Jul 07th 2014, 05:26am by Jeanny Yu

    ... or in a "dual tranche dual counter" model, where shares can be issued in Hong Kong dollars and yuan. The carrier plans to use the second model under which it will sell two sets of shares, one ... carrier Hainan Airlines. Hong Kong Airlines' sale, if successful, would be a landmark deal for the stock exchange and the city, which have been aggressively promoting greater use of yuan ...




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