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  • November 29, 2014
  • Last updated: 11:47am
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  1. Business - Companies - ENERGY

    Shipping, airline stocks rally in Hong Kong over oil price slump to 5-year low

    Posted Nov 28th 2014, 11:16am by JING YANG

    ... Jing Yang Jing.yang@scmp.com Shipping and airline stocks shot up on Friday morning trading after Brent crude prices plunged to a five-year low, prompted by the belief that cheaper oil will help bolster transportation companies’ earnings. The rally was led by China Cosco Holdings, up 8 per cent to HK$3.9, before losing steam to trade at HK$3.82 as of 11 am. China Shipping ...

  2. Business - Companies - Alibaba

    Alibaba, Cosco team up in cross border business in Guangzhou

    Posted Nov 14th 2014, 08:37am by JING YANG

    ... for the e-commerce giant in cross-border merchandising as both companies look to bolster their share in the burgeoning market. The Guangzhou branch of Cosco Air, a subsidiary of Cosco Logisitcs which is part of the Cosco Group, will help fulfil orders by shoppers on Tmall Global, a brand launched by Alibaba in February to cater to the mainland consumers’ rising appetite for branded products overseas. Cosco ...

  3. News - China - YANGTZE BRIEFING

    Shanghai soccer clubs splash the cash in battle for supremacy

    Posted Nov 22nd 2014, 04:18am by Daniel Ren

    ... stunned International, which were sponsored by the nation's shipping juggernaut Cosco, in a 4-1 landslide before they clinched the title that year. Both teams spent millions of yuan to sign ...

  4. Business - China Business - SHIPPING

    Cosco eyes prospects in China-Europe rail link

    Posted Nov 06th 2014, 06:08am by JING YANG

    ... Jing Yang in Chongqing jing.yang@scmp.com Shipping giant seeks to tap into fledgling freight market amid dim outlook in seaborne transport Cosco eyes prospects in China-Europe rail link China Ocean Shipping Group (Cosco) is looking to tap into the fledgling China-Europe rail freight market, a move that could drive more imports from Europe, while the company remains pessimistic ...

  5. Business - Companies - SHIPPING

    Vale opens Malaysia port to lower logistics costs

    Posted Nov 08th 2014, 05:43am by Bloomberg

    ... (Cosco), China's largest shipper, and charter them for 25 years. Cosco will also build 10 vessels of similar size to ship Vale's ore. It took about twice as long to ship ore to China from ...

  6. Business - Companies - SHIPPING

    Cheaper oil brings short term relief for shipping lines

    Posted Nov 01st 2014, 05:21am by JING YANG

    ... operational costs for container lines. The upside can be partly read from third-quarter earnings. China Cosco, which owns the world's fifth-largest container ship fleet, reported a 12 per cent ... Cosco received 1.38 billion yuan (HK$1.75 billion) in cash subsidies, which boosted the firm's third-quarter net profit to 1.6 billion yuan. China Shipping Development, another offshoot ...

  7. Business - Money - TRADE

    Shipping stocks rally in Hong Kong as Baltic Dry Index surges

    Posted Oct 23rd 2014, 05:45am by JING YANG

    ... been repeatedly proven in the past five years." Windham expects the index to average at 1,500 next year. China Cosco and China Shipping Development, state-owned carriers with sizeable dry ... dual listing barely budged on the mainland. China Cosco edged up 0.26 per cent, with China Shipping Development dipping 1.15 per cent. "A-share investors have much less interest ...

  8. Business - China Business - SHIPPING

    China Cosco Holdings buys 5 container ships for US$618m

    Posted Sep 18th 2014, 02:35pm by JING YANG

    ... Jing Yang jing.yang@scmp.com China Cosco Holdings has finalised the order of five container ships worth US$618 million at a state-owned shipyard, the company said in a filing to the stock exchange. The latest transaction is part of China Cosco’s plan to renew its fleet, taking advantage of Beijing’s cash rebate scheme for demolishing ageing vessels and the relatively low cost ...

  9. Business - China Business - SHIPPING

    Cosco-Vale deal to end giant ore carrier ban

    Posted Sep 16th 2014, 03:23am by JING YANG

    ... Jing Yang jing.yang@scmp.com Cosco-Vale deal to end giantore carrier ban Beijing's ban on Vale's giant ore carriers has been practically lifted after China Cosco Holdings' ... Officials realised the ban has hurt China's economic interests, pushing up the costs for iron ore imports," the executive said. China Cosco spokesman Guo Huawei said: "Vale is our ...

  10. Business - Companies - SHIPPING

    Cosco signs landmark deal with Vale for giant ore carriers

    Posted Sep 13th 2014, 04:47am by JING YANG

    ... Jing Yang jing.yang@scmp.com Cosco signs landmark deal for giant ore carriers China Cosco Holdings has signed a landmark deal with Brazilian miner Vale for the transport of iron ore and the purchase of 14 very large ore carriers, which have been barred from entering mainland ports since early 2012. The two companies had agreed on a contract lasting up to 25 years for China Cosco ...




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