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  • September 23, 2014
  • Last updated: 6:06am
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  1. 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

    ... Jing Yang and Benjamin Robertson China International Marine Containers has declared another victory in its legal battle against Brazilian-based Schahin Group over US$208 million in arrears ... the company to collect US$105 million in principals, interest and legal expenses, CIMC said in a stock exchange filing. The latest rulings followed two early ones made by arbitration tribunals in New ...

  2. Business - Companies - SHIPPING

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

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

    ... yesterday they had agreed to co-operate on east-west trades in 15 services. The Ocean Three pact will operate for an initial 24 months, pending approval from the US Federal Maritime Commission. ... consultancy Alphaliner. Other than services covering Asia-Europe, Asia-Mediterranean, transpacific and Asia-US east coast trades, Ocean Three also plans to open sailings on Asia-Adriatic Sea ...

  3. 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 ... (OOCL), Shanghai-based China Shipping Container Lines, Singapore's Pacific International Lines (PIL), and France's CMA CGM are running a service departing from Shanghai to North East ...

  4. Business - Companies - SHIPPING

    Maersk-MSC tie-up approval may run to late 2014

    Posted Sep 02nd 2014, 12:38am by JING YANG

    ... to 19,200 teus, exceeding the size of container ships now in service or under construction. As 2M embodies a traditional vessel-sharing agreement now commonplace in the container shipping market, ...

  5. 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

    ... CSC, with its main energy shipping subsidiary Nanjing Tanker, is ranked as the world's ninth-largest VLCC operator by live fleet size, according to Clarksons Research Service. CMES ...

  6. News - World - SHIPPING

    Hong Kong-based company unveils route of Nicaragua canal to rival Panama’s

    Posted Jul 08th 2014, 01:32pm by Patrick Boehler

    ... route "minimised the social and environmental impact", according to presentation slides. While the canal has the support of President Daniel Ortega and most Nicaraguans, legal experts ...

  7. News - Hong Kong - SHIPPING

    Another broken-down cargo ship washes up on Hong Kong beach

    Posted Jun 26th 2014, 04:05am by Clifford Lo

    ... into the shore." Although some families remained at the beach, the Leisure and Cultural Services Department said the area around the ship had been closed off. "Red warning flags have been hoisted ...

  8. Business - Economy - SHIPPING

    Shipping industry moves into digital age with automated booking

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

    ... marketing officer. The company began 13 years ago as a collaboration among the largest shipping companies, she said. While Inttra shows quotes from multiple carriers, Amber Road's service plugs ...

  9. Business - Economy - SHIPPING

    Maritime bureau aims to shore up Hong Kong's role as shipping hub

    Posted Feb 17th 2014, 04:47am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com New government maritime department will provide one-stop shop focusing on shipping services in order to compete with Singapore Bureau to shore up ... as a maritime hub over the past few years. The new maritime bureau is expected to include port development but the priority will be on promoting shipping services, such as ship management as well ...

  10. Business - Money - SHIPPING

    Private equity funds bet US$5b on shipping rebound

    Posted Feb 19th 2014, 01:33am by BLOOM

    ... Hartland Shipping Services, a London-based ship broking and consulting company, said investor demand was driving prices as high as 90 US cents on the dollar, from 70 to 80 US cents a year ago. ... in stress scenarios. The review and new guidelines by the European Banking Authority will lead to increasing bad debt provisions, Moody's Investors Service said in a December report. Rather ...




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