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  • September 3, 2014
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Results 1 - 10 of 72 for financial industry

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  1. Business - China Business - SHIPPING

    Shipbuilder Rongsheng sinks deeper in losses

    Posted Aug 29th 2014, 11:44am by JING YANG

    ... Industries, one of the mainland's largest privately owned shipbuilders, sank deeper into loss despite a budding recovery in the shipping market that helped recoup losses for companies like China ... financial covenants of another 609.2 million yuan in loans. "The group is seeking a waiver for this borrowing and has obtained preliminary consent from the relevant bank," Rongsheng said. ...

    http://www.scmp.com/business/china-business/article/1581664/shipbuilder-rongsheng-sinks-deeper-losses
  2. Business - Companies - SHIPPING

    Four container shipping lines team up to serve North East Asia-Oceania

    Posted Aug 26th 2014, 01:10am by JING YANG

    ... Jing Yang jing.yang@scmp.com 4 container lines team up to offer joint services Four of the world's biggest container shipping lines have come together to run a joint service that will carry cargoes between North East Asia and Oceania, in a move to further share costs as the industry continues to be affected by oversupply. Hong Kong-based Orient Overseas Container Lines ...

    http://www.scmp.com/business/companies/article/1580706/four-container-shipping-lines-team-serve-north-east-asia-oceania
  3. Business - Companies - SHIPPING

    Neptune Orient Lines considers sale or spin-off of logistics unit

    Posted Aug 21st 2014, 01:28am by JING YANG

    ... ratio." Geoffrey Cheng, head of transportation and industrial research at Bocom International, echoed those views. "The primary motive should be to replenish capital needs for debt repayment. ...

    http://www.scmp.com/business/companies/article/1577989/neptune-orient-lines-considers-sale-or-spin-logistics-unit
  4. Business - China Business - SHIPPING

    US$1.1b tanker joint venture to boost China's energy shipping capacity

    Posted Aug 13th 2014, 01:11am by JING YANG

    ... said an industry source. Nanjing Tanker has been undergoing a court-led restructuring since last month. Most of its VLCCs are either mortgaged to banks or collateralised for outstanding loans. ...

    http://www.scmp.com/business/china-business/article/1572429/us11b-tanker-joint-venture-boost-chinas-energy-shipping
  5. News - World - SHIPPING

    Was North Korean rustbucket stuck on Mexico reef sent to smuggle Cuba arms?

    Posted Jul 16th 2014, 09:43pm by NYT

    ... to give information on the case. An odd mast surrounded by wires.. could be some sort of crane … A SHIPPING INDUSTRY OFFICIAL Speculation about the freighter arose even before its mishap because ... to the magazine article. One shipping industry official called the freighter built in 1983 "an ugly old rust bucket" and said photos of the ship's deck show an odd mast surrounded by wires ...

    http://www.scmp.com/news/world/article/1555392/was-north-korean-rustbucket-stuck-mexico-reef-sent-smuggle-cuba-arms
  6. Business - Companies - SHIPPING

    Japanese shipbuilder Kawasaki to construct LNG tankers in China

    Posted Jun 26th 2014, 01:07am by BLOOM

    ... Bloomberg in Tokyo Japanese shipbuilder strives to win market share from South Korean rivals by taking advantage of lower construction costs in China Kawasaki to build LNG tankers in China Japanese shipbuilder Kawasaki Heavy Industries plans to construct gas carriers abroad as it strives to lower costs and take market share from Korean rivals. At present currency levels, ...

    http://www.scmp.com/business/companies/article/1540542/japanese-shipbuilder-kawasaki-construct-lng-tankers-china
  7. Business - Economy - SHIPPING

    Shipping industry moves into digital age with automated booking

    Posted Jun 21st 2014, 12:53am by BLOOM

    ... Bloomberg in New York With human error costing the shipping industry US$684 million a year, digital platforms are now being adopted to automate the order process Sea freight catches up with digital age The shipping industry, which carries 90 per cent of world trade, is finally going digital. Until recently, if you wanted to send a couple of pallets of televisions from Hong Kong ...

    http://www.scmp.com/business/economy/article/1537275/shipping-industry-moves-digital-age-automated-booking
  8. News - World - SHIPPING

    Experts warn that the global shipping industry is vulnerable to cyber-attack

    Posted Apr 24th 2014, 10:03pm by Reuters

    ... Reuters in Singapore Security experts warn that the sector transporting 90 per cent of world trade is highly vulnerable Global shipping industry next cyber-attack target? The next hacker ... with their smuggled drugs and deleted the records. While data on the extent of the maritime industry's exposure to cyber-crime is sparse, a study of the energy sector by insurance brokers Willis ...

    http://www.scmp.com/news/world/article/1496193/experts-warn-global-shipping-industry-vulnerable-cyber-attack
  9. Business - Companies - SHIPPING

    Hong Kong urged to act on port congestion as pressure builds for more capacity

    Posted Mar 10th 2014, 05:59am by Charlotte So

    ... needed to wait for up to four days before berthing during peak seasons. Many barge operators, given their highly fragmented industry, are not entitled to compensation for delays. "As ... all the smaller shipping lines are pushed out of business, we will have fewer choices." But for an industry that is highly cyclical and competitive, some industry veterans said more ...

    http://www.scmp.com/business/companies/article/1444815/hong-kong-urged-act-port-congestion-pressure-builds-more-capacity
  10. Business - Companies - SHIPPING

    Chairwoman Sabrina Chao steers Wah Kwong Maritime past rocky shoals

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

    ... Imperial College London, she dived into the testosterone-dominated financial industry. Still, she was apprehensive when she was asked to lead Wah Kwong in place of her father, George Chao, who suffered a second stroke in 2010. As the eldest daughter, Chao had joined the company in 2002 and was focused on the financial side of the business before being appointed vice-chairman in 2007. She ...

    http://www.scmp.com/business/companies/article/1442497/chairwoman-sabrina-chao-steers-wah-kwong-maritime-past-rocky

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