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  • September 20, 2014
  • Last updated: 11:32pm
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  1. Business - Companies - SHIPPING

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

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

    ... cash from logistics unit disposal Neptune Orient Lines, a Singapore-based container shipping and logistics company, is looking to sell or spin off its profitable subsidiary APL Logistics ... that it was considering "a potential sale or initial public offering and listing its logistics business as a separate, stand-alone unit". "These considerations are preliminary and exploratory ...

  2. Business - China Business - SHIPPING

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

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

    ... to build modern, fuel-efficient vessels. The new ships have a capacity of 14,500 twenty-foot equivalent (teu) unit. The company has ordered 35 vessels since late last year, including 30 dry bulk ...

  3. 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 ... trade routes, accounting for the bulk of world trade volumes- are set to see a four-way battle, if the United States regulatory body approves the pact. The four consortiums together command 95.4 ...

  4. Business - Companies - SHIPPING

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

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

    ... in major alliance Three of the world's largest container shipping lines are forming an alliance that will cover major trade lanes between Asia, Europe and the United States in another move shaping the global container trade into a battleground of four large consortiums. France's CMA CGM, Shanghai-based China Shipping Container Lines and Dubai-based United Arab Shipping Co said ...

  5. Business - Companies - SHIPPING

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

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

    ... then came back with the 2M alliance, which involves a total of 185 vessels with a capacity of 2.1 million teu (twenty-foot equivalent units) on 21 trade routes. The reasons for the close scrutiny ...

  6. Business - China Business - SHIPPING

    Shipbuilder Rongsheng sinks deeper in losses

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

    ... units. CSCL, a subsidiary of state-owned China Shipping (Group), said in a statement that the shipping industry is still facing uncertainties as oversupply continues to squeeze freight rates. "In view of the numerous uncertainties, it is too early to say that the overall situation is optimistic for the shipping industry," it said. China Cosco, the flagship listed unit of China ...

  7. Business - Companies - SHIPPING

    CIMC sees profit rise 87.5pc

    Posted Aug 26th 2014, 11:14am by JING YANG

    ... to 1 billion yuan (HK$1.26 billion). Revenue increased 12.1 per cent year on year to 32 billion yuan, while sales of dry freight containers fell 2.5 percent to 625,300 twenty-foot-equivalent units. CIMC, which also makes trucks and trailers, saw road vehicle sales rise 7.3 per cent to 57,200 units, with revenue from that business up 7.07 per cent at 7.14 billion yuan. Revenue from offshore ...

  8. Business - Companies - SHIPPING

    Maersk, MSC file plan with US commission on proposed tie-up

    Posted Aug 29th 2014, 01:14am by JING YANG

    ... with nominal capacity ranging from around 4,000 to 13,000 twenty-foot equivalent units (teu) on container trades from the Adriatic Sea to the US and on to Sri Lanka. The FMC will start a 45-day review ...

  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

    ... capacity of 4,250 twenty-foot equivalent unit. Slot exchanges and joint sailings offer extensive port coverage and sailing frequencies that single lines usually find difficult to offer, while ...


    France fines Hong Kong shipping firm over top executive’s death

    Posted Jul 03rd 2014, 03:50pm

    ... executive in France 11 years ago. The firm, one of the world’s biggest container shippers and a unit of Hong Kong-listed parent Orient Overseas (International), was found guilty on Wednesday ...




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