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  • September 20, 2014
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Results 1 - 10 of 77 for financial industry

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  1. Business - China Business - SHIPPING

    State Council issues guidelines to reform shipping industry

    Posted Sep 04th 2014, 01:09am by JING YANG, Ray Chan

    ... Jing Yang and Ray Chan Policy initiative issued by State Council lifts importance of shipping to national strategic level Guidelines aim to drive reforms in struggling industry The State Council yesterday issued a set of guidelines on the development of the maritime and shipping industry in a landmark move that could lead to substantial reforms in the oversupplied and loss-making ...

  2. Business - Companies - SHIPPING

    CIMC declares another win in battle against Brazil’s Schahin

    Posted Sep 19th 2014, 12:47pm by Jing Yang and Benjamin Robertson

    ... and London in December 2011. In a separate development in July, ICBC Financial Leasing, an offshoot of Industrial and Commercial Bank of China, struck a US$1.08 billion sale and lease-back deal ...

  3. 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. ...

  4. 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 ...

  5. Business - Companies - SHIPPING

    Three global shipping lines form alliance serving Asia, Europe and US

    Posted Sep 10th 2014, 04:05am by JING YANG

    ... UASC said in a statement. The move had been widely speculated in the industry as the three companies- ranked third (CMA CGM), seventh (CSCL) and 19th (UASC) in the world by fleet size- were ... for shippers while increasing the 'commoditisation' of the industry, although it does reduce product diversity." ...

  6. Business - Companies - SHIPPING

    All aboard for 4-way battle on sea lanes

    Posted Sep 11th 2014, 06:02am by JING YANG

    ... in an increasingly consolidated industry. France's CMA CGM, Shanghai-based China Shipping Container Lines and Dubai's United Arab Shipping Co confirmed their involvement in the planned Ocean Three ...

  7. Business - Companies - SHIPPING

    Greek buyer cancels four ship orders from Rongsheng

    Posted Sep 04th 2014, 06:37pm by JING YANG

    ... Jing Yang jing.yang@scmp.com Embattled shipbuilder China Rongsheng Heavy Industries has suffered fresh order cancellations valued at more than US$102 million from a European customer after ... Industries, the main subsidiary of China Rongsheng, to cancel four ice-class Panamax dry-bulk vessels in exchange for the refund of all instalments paid to the builder plus interest, which are valued ...

  8. Business - Economy - SHIPPING

    Tenth Hong Kong container terminal, costing HK$100b, may not be financially viable, consultants say

    Posted Dec 02nd 2013, 05:23am by Anita Lam

    ... Anita Lam anita.lam@scmp.com Prediction of reduced cargo growth from 2020 means HK$100b container project is unlikely to be financially viable, consultants' report says Tenth HK terminal thrown in doubt A tenth Hong Kong container terminal costing close to HK$100 billion is unlikely to be financially viable, according to a consultancy report due out next month. With only ...

  9. 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 ...

  10. 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. ...




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