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  1. Business - China Business - SHIPPING

    Cosco arm may dip toe into leasing

    Posted Feb 21st 2013, 12:00am by Keith Wallis

    ... Keith Wallis keith.wallis@scmp.com Trading offshoot of shipping giant considers plan to charter out vessels to boost business Cosco arm may dip toe into leasing Cosco International, the marine fuels, paints and ship trading offshoot of China's largest shipping company, is mulling entering the ship leasing market as part of a range of options to expand its operations, ...

  2. Demand grows for faster shipping

    Posted Nov 11th 2010, 12:00am by Keith Wallis

    ... Keith Wallis Small is beautiful for an expanding band of niche-focused container shipping carriers which have forsaken larger ships and slower sailing speeds in favour ... shipping line, together with European and Asian rivals, have favoured leviathans capable of carrying around 6,500 20-foot boxes to generate economies of scale. Cutting the speed of vessels from ...

  3. Pipe-laying barge managed by Hong Kong shipping company

    Posted Sep 18th 2010, 12:00am by Keith Wallis

    ... Keith Wallis A Hong Kong-based ship management company is targeting the specialist offshore sector after it took over the day-to-day technical management of a US$140 million pipe-laying barge, the first such ship to be built in China. The Hong Kong-registered vessel, Fortuna, is the second ship in the past month to fly the territory's Bauhinia flag in Russia's harsh ...

  4. China Shipping earnings dive 80.7pc as rates slide

    Posted Aug 21st 2009, 12:00am by Charlotte So

    ... Charlotte So China Shipping Development saw its net profit dive 80.7 per cent in the first six months of this year as freight rates for coal and oil slumped, but the company said ... Shipping has created a joint-venture shipping company with PetroChina to transport liquefied natural gas (LNG) from Australia's Gorgon field to Guangzhou. The venture, in which China Shipping ...

  5. The bank that was built on shipping and opium trade

    Posted Aug 11th 2009, 12:00am by Kenneth Howe

    ... the bank, immediately opening offices in Hong Kong and Shanghai to help finance shipping and the opium business. Branches were opened in China, Southeast Asia, India, Japan, Europe and North ...

  6. Joint venture targets China maritime sector with US$900m play

    Posted Mar 15th 2011, 12:00am by Keith Wallis

    ... to invest up to US$900 million in ships and shipping businesses. Carlyle spokeswoman Dorothy Lee said the venture would leverage bank financing to acquire more than US$5 billion worth of tankers, container and dry bulk ships and other shipping assets. Graham Porter, chairman of Hong Kong's Tiger Group Investments, said the scope of the venture was 'very broad' and could ...

  7. Shipping firm in Jiangsu port deal

    Posted Jul 30th 2004, 12:00am by Annette Chiu

    ... Annette Chiu The mainland's No2 shipping company, China Shipping Group, plans to develop a 3.5 billion yuan container terminal in Lianyungang, in an effort to consolidate its foothold ... is the parent of Hong Kong-listed China Shipping Development and China Shipping Container Lines, was still working on the project design, a company spokesman said. 'It is a green-field project ...

  8. Singapore leaves HK in its wake on incentives

    Posted Aug 16th 2010, 12:00am by Keith Wallis

    ... Keith Wallis When Norwegian shipping firm Golden Ocean Group listed on the Singapore Exchange in March, it marked the latest innovative step by Singaporean authorities to help attract the global shipping industry to the city state. And while the firm's March 18 debut was tepid- the opening price remained unchanged and just 7,000 shares were traded- it has not stopped ...

  9. Wah Kwong in US$98m venture

    Posted Oct 20th 2010, 12:00am by Keith Wallis

    ... million that will be built by Shanghai Waigaoqiao Shipbuilding. The deal ended weeks of negotiation between the two shipping companies after Wah Kwong's George Chao Sze-kwong signed a letter of intent for the 319,000 deadweight tonne very large crude carrier with the Shanghai shipyard in August. Teekay Tankers said about US$70 million of the cost of the ship would be financed by banks. ...

  10. CSSC project confirmed

    Posted Aug 14th 2003, 12:00am by Russell Barling

    ... flows through China's commercial capital. The city government has chosen Jiangnan's present location to host the World Expo in 2010. CSSC started to export ships at the end ...




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