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  • October 2, 2014
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  1. Business - Companies - SHIPPING

    CIMC declares another win in battle against Brazil’s Schahin

    Posted Sep 19th 2014, 12:47pm by Jing Yang and Benjamin Robertson

    ... Jing Yang and Benjamin Robertson China International Marine Containers has declared another victory in its legal battle against Brazilian-based Schahin Group over US$208 million in arrears for the construction of two oil-drilling rigs three years ago. CIMC Raffles, a subsidiary of Hong Kong- and Shenzhen-dual listed CIMC, won two interim awards from the London Arbitration Tribunal that enabled ...

    http://www.scmp.com/business/companies/article/1595935/cimc-declares-another-win-battle-against-brazils-schahin
  2. Business - Companies - SHIPPING

    CIMC sees profit rise 87.5pc

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

    ... engineering, including the manufacture of drilling platforms, soared 272.8 percent to 5.7 billion yuan. The company, which is also listed in Shenzhen, has China Merchants Group and China Ocean Shipping ...

    http://www.scmp.com/business/companies/article/1580753/cimc-sees-profit-rise-875pc
  3. Business - Companies - SHIPPING

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

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

    ... of P3. CMHI last week reported throughput fell 7.4 per cent at Shekou Container Terminal in the first half, compared to a 0.7 per cent dip in Shenzhen ports during the same period. "We ...

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

    Hong Kong port loses out to bigger berths in Shenzhen

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

    ... to bigger berths in Shenzhen Hong Kong port could lose further business to Shenzhen because an alliance of three shipping companies would need bigger berths for their large vessels and more space ... The port facilities in Shenzhen are newer and can handle large vessels. "The area of hinterland per berth at Hong Kong is just half of the international standard because of the acute shortage ...

    http://www.scmp.com/business/china-business/article/1426759/hong-kong-port-loses-out-bigger-berths-shenzhen
  5. Business - China Business - SHIPPING

    Shenzhen port chiefs bid to lure container shipping lines from Hong Kong

    Posted Nov 25th 2013, 03:52am by Anita Lam

    ... Anita Lam anita.lam@scmp.com Port chiefs advise big foreign carriers to skip Hong Kong, threatening transshipment trade Shenzhen tries to lure container lines from HK Port authorities in Shenzhen are working aggressively to persuade foreign carriers to skip Hong Kong as a transit hub and do business directly with them, the Post has learned. Shenzhen is well-placed to overtake Hong ...

    http://www.scmp.com/business/china-business/article/1364806/shenzhen-port-chiefs-bid-lure-container-shipping-lines-hong
  6. News - Hong Kong - SHIPPING

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

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

    ... wall and a path popular with joggers. Fire chiefs said it had suffered a mechanical malfunction while on its way to Shenzhen. Watch: Container ship runs aground off Pok Fu Lam On June 2, ...

    http://www.scmp.com/news/hong-kong/article/1540527/broken-down-cargo-vessel-drifts-ashore-butterfly-beach
  7. Business - Companies - SHIPPING

    Hong Kong warned fuel slug may turn lines away

    Posted Nov 18th 2013, 11:58am by Anita Lam

    ... Anita Lam anita.lam@scmp.com Shipping firms seek extension of subsidies for switch to cleaner marine fuel, saying a new law will widen the cost divide with Shenzhen HK warned fuel slug may ... as a result, switch to neighbouring ports in Shenzhen. To prevent this, shipowners said, the government should consider extending a scheme that subsidises shipping lines – many of which are expected ...

    http://www.scmp.com/business/companies/article/1359241/hong-kong-warned-fuel-slug-may-turn-lines-away
  8. Business - Economy - SHIPPING

    Maritime bureau aims to shore up Hong Kong's role as shipping hub

    Posted Feb 17th 2014, 04:47am by Charlotte So

    ... said. "Let's forget about attracting more containers to go through Hong Kong" especially since Shenzhen had already overtaken the city as the third-busiest port in the world last ...

    http://www.scmp.com/business/economy/article/1429233/maritime-bureau-aims-shore-hong-kongs-role-shipping-hub
  9. Business - Economy - SHIPPING

    Tenth Hong Kong container terminal, costing HK$100b, may not be financially viable, consultants say

    Posted Dec 02nd 2013, 05:23am by Anita Lam

    ... will leave us for Shenzhen." The government commissioned the consultants to project growth from 2020 to 2030 and find the best way forward. It is understood they have proposed various options ... of the city's container business came from trans-shipments- cargo moved from one port to another via Hong Kong. But port authorities in Shenzhen and other cities are lobbying hard for Beijing to open ...

    http://www.scmp.com/business/economy/article/1370515/tenth-hong-kong-container-terminal-costing-hk100b-may-not-be
  10. Business - China Business - SHIPPING

    Delisting looms for Sinotrans subsidiaries

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

    ... be suspended from the Shanghai stock exchange this year if it reported a net loss for 2012, which would be its third consecutive negative result. CSC Phoenix faces similar action by the Shenzhen bourse ...

    http://www.scmp.com/business/china-business/article/1195815/delisting-looms-sinotrans-subsidiaries

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