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  • August 31, 2014
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  1. Business - China Business - SHIPPING

    Shipbuilder Rongsheng sinks deeper in losses

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

    ... Cosco's dry bulk fleet, the largest in the world, reported 710.2 million yuan in operating loss. The container fleet, the fifth largest in the world, posted 868.6 million yuan in operating loss. ...

  2. Business - Companies - SHIPPING

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

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

    ... sharing agreement now commonplace in the container shipping market. It does not fall under the category of "concentration of business operators" defined by China's anti-monopoly law so it needs no approval from Beijing. Only a filing with the Ministry of Transport detailing its partnership plan is needed. Maersk Line and MSC plan to initially operate 97 vessels ...

  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

    ... spokesman Stanley Shen said. The company has the world's 11th-largest container fleet. The company is a major operator in the China-Australia service, with about 25 per cent market share, added ...

  4. Business - Companies - SHIPPING

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

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

    ... Jing Yang jing.yang@scmp.com Singapore-based container shipping operator looks into sale or spin-off of APL Logistics in move seen aimed at freeing up capital to repay debt N.O.L. eyes ... more value unlocking with likely divestment or spin-off of its terminal business as well," Kapoor said. APL operates nine container terminals in six countries. ...

  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

    ... million cash for its share of the venture. The proposed entity will specialise in the operation of very large crude carriers, each capable of carrying 2 million barrels of crude. Sinotrans & 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. Business - Economy - SHIPPING

    Shipping industry moves into digital age with automated booking

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

    ... Audit, which examines invoices for retailers. To cut this waste, customers and ship operators can now use digital platforms offered by Freightos, Amber Road and Inttra or by carriers including AP ... be difficult to establish a uniform system. Steve Ferreira, founder and president of Miami-based Ocean Audit, said the current system was too prone to error. "We need to be concerned about ...


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

    Posted Jul 03rd 2014, 03:50pm

    ... by way of modifications to the lift system led to this malfunctioning.” OOCL was charged by the French authorities in November 2012 with involuntary manslaughter “by negligence, carelessness, ...

  8. Business - Companies - SHIPPING

    Japanese shipbuilder Kawasaki to construct LNG tankers in China

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

    ... diversified operations to areas including high-speed trains and fuselage parts for Boeing's 787s to Ninja motorcycles. ...

  9. News - Hong Kong - SHIPPING

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

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

    ... at the beach and swimmers are asked to stay out of the water," a spokesman said. By midnight last night, the ship's operators had removed the vessel. The department said tests would have ...

  10. News - World - SHIPPING

    Experts warn that the global shipping industry is vulnerable to cyber-attack

    Posted Apr 24th 2014, 10:03pm by Reuters

    ... reports that hackers have compromised maritime cyber security. but epxerts say there are holes in the three key navigation technologies: GPS, marine Automatic Identification System (AIS), and a system to view digital charts called Electronic Chart Display and Information System (ECDIS). "Increasingly, the maritime domain and energy sector has turned to technology to improve ...




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