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  • September 22, 2014
  • Last updated: 11:35pm
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  1. 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 ...

  2. Business - Commodities - OIL

    Sinopec unit books world’s largest ship to store crude

    Posted Sep 09th 2014, 10:46am by Reuters

    ... Reuters in London Unipec makes most of falling prices to reserve the 3.2-million barrel super tanker TI Europe in a sign that traders are starting to store in bulk Sinopec unit books ... of ultra-large crude carriers (ULCCs) still in service. It is listed as the world's largest ocean-going vessel by tonnage, and is as long as the Empire State building is tall at 380 metres. ...

  3. Business - China Business

    Network carriers' subsidy cuts hit Apple and Samsung in China

    Posted Aug 18th 2014, 04:01am by Bloomberg

    ... Bloomberg in Beijing Subsidy cuts hit Apple on mainland The world's biggest phone market is getting a lot tougher for Apple and Samsung Electronics. China Mobile, the biggest carrier ... that offer similar features for lower prices. The 38 per cent cut comes after government regulators told the mainland's three carriers to lower marketing expenses, changing a practice ...

  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 - Companies - THE INTERVIEW

    Honghua prepares to enter offshore equipment market

    Posted Sep 13th 2014, 04:47am by Eric Ng

    ... It remains a loss-making operation. Honghua last month obtained its first preliminary order for an offshore oil rig worth US$320 million and another order to build six crude oil carriers for more ... will be delivered in the last year of the job, the bulk of our financing pressure will be felt in the last 12 to 18 months. We are comfortable we will not have a problem funding the project by our own cash ...

  6. 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 ...

  7. Business - Companies - EARNINGS

    Singamas braces for big rush in container orders

    Posted Aug 21st 2014, 04:04pm by JING YANG

    ... cautiously optimistic about a rush [for new orders] soon," chairman and chief executive Teo Siong Seng said at a media briefing yesterday. The bulk of containers currently in service are about ... by capacity. The normal life of a container is 15 years, if it can be refurbished in the 10th year. The cost to refurbish a container is US$1,000, almost half the price of a new one. Most carriers opt ...

  8. News - World - AVIATION

    At least half of Air France flights cancelled as pilots' strike bites

    Posted Sep 15th 2014, 10:28pm by AP

    ... a week-long strike, angry that the airline is shifting jobs and operations to a low-cost carrier to keep up with competition. Air France urged passengers to change or postpone travel, estimating ... by flagship airlines across Europe, facing rivalry from budget airlines and Gulf state carriers. French labour law makes it complex for companies to fire employees or adjust contracts. Air France-KLM ...

  9. Business - China Business - SHIPBUILDING

    Chinese yards to get US$10b in LNG tanker orders

    Posted Aug 05th 2014, 04:59pm by Reuters

    ... in the market for LNG carriers, China will ship the bulk of its cargoes through its own project dedicated vessels," said Andrew Bridson, a business development manager at transport and energy ... at the Marine Design & Research Institute of China, a subsidiary of China State Shipbuilding Corp. More than 70 per cent of about 125 LNG carriers and storage vessels on order have gone to Korean ...

  10. News - World - POPULATION

    UN says world population heading for 11 billion, may not stabilise

    Posted Sep 19th 2014, 11:47pm by AFP

    ... typically relied on expert opinions about how life expectancy and fertility rates would change over time. The bulk of the growth was anticipated in Africa, where the population is expected to rise ...




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