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  1. Demand pushes Pacific Basin into fleet expansion

    Posted Mar 02nd 2005, 12:00am by Russell Barling

    ... Russell Barling Bulk carrier plans US$200m outlay on eight vessels as need for materials grows Bulk shipping niche player Pacific Basin may spend up to US$200 million to expand its fleet ... a full-year dividend of 24 cents per share. The bulk carrier has locked up 59 per cent of its vessel revenue days this year in contracts to haul cargo at a provisional average charter rate ...

  2. In Brief

    Posted Jun 30th 2004, 12:00am by Staff Reporter

    ... vessels held by parent Guangzhou Ocean Shipping, after gaining shareholder approval for the final stage of its restructuring plan. The bulk carrier will pay Guangzhou Ocean 376.01 million yuan in cash for 13 multi-purpose vessels and 27 bulk carriers. It will also settle US$80 million in debt related to the vessels. fedex seeks lion's share of new cargo flights Federal Express ...

  3. Shenhua to pay bulk of 2004 profit to parent

    Posted May 19th 2005, 12:00am by Eric Ng

    ... Eric Ng Listing candidate China Shenhua Energy will pay most of last year's profit of almost nine billion yuan as dividends to its parent before its forthcoming initial public offering, according to one of the offer's underwriters. As the nation ...

  4. Listing candidate bulks up

    Posted Oct 08th 2003, 12:00am by Denise Tsang

    ... China Resources Power receives 10pc stake in mainland's largest IPP before debut China Resources Power Holdings has been given a 10 per cent stake in the mainland's largest independent power producer (IPP), the latest in a series of deals as it bulks up its assets before a US$300 million to $350 million listing. The stake in Huaneng International Power Development Corp, ...

  5. Sinotrans triples profit on firm charter rates

    Posted Jul 30th 2008, 12:00am by Staff Reporter

    ... Ran Chen Mainland bulk carrier operator Sinotrans Shipping more than tripled its first-half profit after charter hire rates surged on strong demand for iron ore and coal. Net profit ... averaged 8,557 for the first half of the year, a 61 per cent jump from last year's 5,310. The company said bookings had been secured for 85.1 per cent of dry-bulk operating days this year ...

  6. China Shipping doubles expenditure for expansion

    Posted Mar 03rd 2005, 12:00am by Toh Han Shih

    ... carrier and a 300,000 dwt bulk carrier, said chief financial officer Wang Kangtian. Capital expenditure amounted to 1.8 billion yuan last year. In addition to the 12, CSD might buy, build or lease extra ships this year, depending on market conditions, Mr Wang said. At the end of last year, CSD owned 73 bulk carriers, offering 2.38 million dwt, 80 oil tankers, with 2.69 million dwt, and 13 ...

  7. In Brief

    Posted Mar 13th 2004, 12:00am by Staff Reporter

    ... Profit per share dropped to 74.3 cents from 95.8 cents. The final dividend will be 20 cents. China shipping up 73pc Riding on surging freight rates, bulk carrier China Shipping Development saw ...

  8. Pacific Basin seeks to lock up capacity

    Posted Sep 06th 2005, 12:00am by Russell Barling

    ... available fleet capacity next year as it looks to secure a stable revenue stream in the potentially volatile bulk shipping market. The carrier, whose fleet of mostly 50 smaller handysize vessels ... Tinto as clients, saw interim earnings almost double to US$85.5 million, aided by strong demand for bulk shipping services, some new accounting standards and vessel disposals. Underlying ...

  9. Mainland carrier pays first dividend

    Posted Mar 09th 2005, 12:00am by Russell Barling

    ... Russell Barling China Shipping Container Lines (CSCL) yesterday recommended its first dividend as strong demand for seaborne transport services saw the mainland's No2 carrier easily ... annual growth rate for its fleet of 21.6 per cent. The mainland's No1 container carrier, China Ocean Shipping (Coscon), is also following an aggressive expansion mandate as both carriers try ...

  10. Pacific Basin profit dives 73pc on plunging rates

    Posted Mar 03rd 2010, 12:00am by Charlotte So

    ... Pacific Basin Shipping, the world's leading small bulk vessel operator, posted a 73 per cent slide in net profit last year but forecast a better time this year due to the recovering ... resulted in distressed prices for bulk vessels in the market, which had created a chance for Pacific Basin to increase its fleet size by acquiring five new and second-hand bulk vessels since last ...




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