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  1. Business - Companies - SHIPPING

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

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

    ... Jing Yang jing.yang@scmp.com The Ocean Three pact of the world's three largest container shipping lines is expected to reshape the battleground for market shares Leading carriers 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 ...

    http://www.scmp.com/business/companies/article/1589011/three-global-shipping-lines-form-alliance-serving-asia-europe-and
  2. Business - Banking & Finance - SHIPPING

    China Merchants Bank gives Cosco 300m yuan credit line

    Posted Aug 28th 2014, 09:05am by JING YANG

    ... Jing Yang jing.yang@scmp.com China Merchants Bank is granting a 300 million yuan (HK$378 million) credit line to its second-largest shareholder, China Ocean Shipping (Group) Co (Cosco), the lender said in a statement to the Shanghai Stock Exchange. The credit facility is valid for three years to the company and its subsidiaries. Cosco is China’s largest shipping and logistics ...

    http://www.scmp.com/business/banking-finance/article/1581375/china-merchants-bank-gives-cosco-300m-yuan-credit-line
  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 that will carry cargoes between North East Asia and Oceania, in a move to further share costs as the industry continues to be affected by oversupply. Hong Kong-based Orient Overseas Container Lines ...

    http://www.scmp.com/business/companies/article/1580706/four-container-shipping-lines-team-serve-north-east-asia-oceania
  4. 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 ... 10th-largest container shipping line by fleet size, according to Alphaliner. The move would quench the company's thirst for cash and help it trim some debts as NOL, like many of its rivals, has ...

    http://www.scmp.com/business/companies/article/1577989/neptune-orient-lines-considers-sale-or-spin-logistics-unit
  5. Business - China Business - SHIPPING

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

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

    ... and bank borrowings. The ships will be delivered between 2017 to 2018. The order follows a similar one last week by Japan’s Kawasaki Kisen Kaisha, or K Line, for five 13,870 teu container ships. Both K Line and China Cosco, through its subsidiary Cosco Container Lines, are members of the CKYHE alliance that co-operates on east-west trade lanes. The three other partners are Yang Ming ...

    http://www.scmp.com/business/china-business/article/1595352/china-cosco-holdings-buys-5-container-ships-us618m
  6. 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 ... filed, there will of course be follow-up questions that, if satisfactorily answered, could lead to prompt regulatory approval." 2M, which brings together Copenhagen-based Maersk Line ...

    http://www.scmp.com/business/companies/article/1589745/all-aboard-4-way-battle-sea-lanes
  7. Business - Companies - SHIPPING

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

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

    ... between Maersk Line and Mediterranean Shipping Company (MSC), the world's two largest container shipping lines, is likely to obtain the only antitrust clearance it needs from the US by late November but with additional conditions attached. Marketed as 2M, Copenhagen-based Maersk Line and Geneva-based MSC plan a vessel-sharing agreement for seaborne trade that straddles Europe, the US ...

    http://www.scmp.com/business/companies/article/1583295/maersk-msc-tie-approval-may-run-late-2014
  8. Business - Companies - SHIPPING

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

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

    ... Jing Yang jing.yang@scmp.com Maersk, MSC file plan on proposed landmark tie-up A proposed alliance between the world's two largest container shipping lines has filed its plan with US authorities in a bid to clear the only regulatory hurdle on the way to a tie-up that could reshape the container trade landscape in the next decade. Copenhagen-based Maersk Line and Geneva's ...

    http://www.scmp.com/business/companies/article/1581602/maersk-msc-file-plan-us-commission-proposed-tie
  9. Business - China Business - SHIPPING

    Shipbuilder Rongsheng sinks deeper in losses

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

    ... Cosco and China Shipping Container Lines (CSCL). Rongsheng reported first-half net loss more than doubled from a year ago to three billion yuan (HK$3.77 billion) and revenue plummeted 78.4 per ... Meanwhile, CSCL, the world's seventh-largest container shipping line by fleet size, returned to the black with a net profit of 431.6 million yuan, boosted by disposal gains on its terminals. ...

    http://www.scmp.com/business/china-business/article/1581664/shipbuilder-rongsheng-sinks-deeper-losses
  10. SHIPPING

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

    Posted Jul 03rd 2014, 03:50pm

    ... Reuters Courtenay Allan died in 2003 after plunging six floors down a lift shaft onboard the container ship OOCL Montreal when lift doors inexplicably opened without the lift present Orient Overseas Container Line, a shipping company controlled by the family of former Hong Kong chief executive Tung Chee-hwa, has been fined 50,000 euros (HK$530,000) over the death of a top ...

    http://www.scmp.com/article/1545613/france-fines-hong-kong-shipping-firm-over-top-executives-death

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