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  • August 21, 2014
  • Last updated: 7:06pm
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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 ...


    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 ...

  3. Business - Companies - SHIPPING

    Japanese shipbuilder Kawasaki to construct LNG tankers in China

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

    ... state of Louisiana when shipments begin in 2017, Murakami said. Mitsui plans to secure 10 LNG tankers for the project, he said. More talks on orders for some other United States shale gas ... Korean rivals after seeing contracts go elsewhere when the yen was stronger, Murakami said. Kawasaki got 6 per cent of its sales from its ship and ocean unit in the year ended March 31. It has ...

  4. News - World - SHIPPING

    US airmen parachute into Pacific to treat badly burned Chinese fishermen

    Posted May 05th 2014, 09:00pm by AP

    ... of Cabo San Lucas, Mexico, Schwennesen said. The rescuers treated the sailors, who will be flown to Cabo San Lucas. The injured pair will then be taken in a different aircraft to a burn unit ...

  5. 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

    ... in the United States by the end of this month. G6 and CKYHE have bolstered their membership to compete with P3. About 80 per cent of the existing order book is on vessels bigger than 8,000 20-foot equivalent units (teu), so more barges will be needed at a time to feed the big ships. Barge movements in Hong Kong rose 30 per cent over the past 10 years as exporters used barges rather than trucks ...

  6. Business - Companies - SHIPPING

    OOIL earnings tipped lower on oversupply, freight rates fall

    Posted Mar 08th 2014, 01:40am by Charlotte So

    ... cent of its total shipping revenue. Its freight rates dropped 11 per cent year on year in the second half to US$705 per 20-foot equivalent unit (teu) on the intra-Asia route, which ...

  7. Business - Commodities - SHIPPING

    Pacific Basin sees brighter prospects in second half of 2014

    Posted Mar 06th 2014, 10:36am by Charlotte So

    ... this year. China is now a colossus in the global market for soya beans, used extensively for food and crushed for edible oil, and as animal feed. The United States Department of Agriculture projected ...

  8. Business - China Business - SHIPPING

    Hong Kong port loses out to bigger berths in Shenzhen

    Posted Feb 13th 2014, 01:24am by Charlotte So

    ... lengths at Kwai Tsing, which opened in 1972, means only 15 of the 24 berths in Hong Kong can accommodate large container ships or vessels carrying 11,000 to 18,000 20-foot equivalent units (teu). ... alliance, which has yet to be approved by mainland China, European Union and the United States, is likely to have a 37 per cent share of the Asia-Europe trade and 24 per cent of the transpacific ...

  9. Business - Money - SHIPPING

    Private equity funds bet US$5b on shipping rebound

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

    ... unit, said. The bank was only talking to buyers in the industry, not financial firms, because "they pursue a different investment strategy". Commerzbank and HSH Nordbank are among ...

  10. Business - Companies - SHIPPING

    CSCL unit buys 24pc stake in terminal in Belgium

    Posted Mar 15th 2013, 12:00am by Keith Wallis

    ... Keith Wallis keith.wallis@scmp.com CSCL unit buys 24pc stake in terminal in Belgium China Shipping Terminal Development will make its first terminal investment in Europe after agreeing ... in terminals in Los Angeles, Seattle and Egypt together with interests in 13 port facilities in China. The two-berth Zeebrugge terminal handles about 350,000 20-foot equivalent units (teu) a year ...




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