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  • October 30, 2014
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  1. Mainland shipbuilders on consolidation course

    Posted Apr 25th 2012, 12:00am

    ... after new shipbuilding orders dried up in the wake of the slump in the shipping market that started in 2008. He said other yards were also facing cash-flow problems as they completed existing ... it (consolidation) will happen,' he told about 250 shipping executives at a conference in Singapore organised by the shipowners' lobby group, the Baltic and International Maritime Council. Lam said ...

  2. China's shipbuilders need technology to keep edge

    Posted Nov 10th 2011, 12:00am

    ... and environmentally friendly vessels and ship machinery as well building higher value ships including passenger cruise liners. China has tussled with South Korea for the title of the world's largest shipbuilding nation for the past two years. But while South Korean shipyards have concentrated on building high value and sophisticated vessels such as drill ships and ultra-large containerships ...

  3. HK listing possible: Jiaolong

    Posted Nov 27th 2007, 12:00am by Charlotte So

    ... that of their counterparts. 'High-end vessels could be at a premium of two to five times the price of general ships,' said Zhang Weijing, a professor at Shanghai Jiao Tong University. 'That's why ... taxpayer among shipyards and ship engineering plants in Tongzhou. Tongzhou has 114 shipbuilding and steel structure companies with 400,000 workers. By 2010, ships finished in Tongzhou will reach ...

  4. Shipyards sail into rough seas as new orders dry up

    Posted Nov 01st 2011, 12:00am

    ... year on year to 29 million dwt, it said. A glut in China's shipping overcapacity is being exacerbated by a recent 67.2 per cent jump to 7.86 million tonnes of completed ships in September ... of built ships that have received firm orders from customers fell from 98.3 per cent in the peak year of 2008 to 70.9 per cent this year, and this is projected to fall to 68 per cent in 2012 ...

  5. HK's Anglo-Eastern picked to run first 'Chinamax' ship

    Posted Apr 23rd 2011, 12:00am

    ... Anglo-Eastern is on course to manage all seven of the ships built by Daewoo Shipbuilding and some of the vessels constructed by China Rongsheng. This would continue a relationship that started almost ... Keith Wallis A Hong Kong ship management company is overseeing the day-to-day operation of the first in a series of 'Chinamax' ultra-large dry bulk cargo ships ...

  6. Judge approves sale of seized cargo ship

    Posted Jan 14th 2011, 12:00am by Keith Wallis

    ... Keith Wallis Admiralty judge Anselmo Reyes yesterday approved the sale of the 1988-built dry bulk cargo ship Admiral T, which was detained by law firm Norton Rose Hong Kong after arriving in Hong Kong on December 28. Advertisements inviting bids for the 40,474 deadweight tonne ship will be placed in newspapers and the details of the vessel will be circulated to prospective buyers. ...

  7. Jinhui companies warn of first-quarter profits drop

    Posted May 09th 2012, 12:00am

    ... Keith Walllis keith.wallis@scmp.com Jinhui Holdings and its dry cargo subsidiary Jinhui Shipping and Transportation warned yesterday that their first-quarter net profits would be significantly worse than in the first quarter last year. Jinhui Shipping, which is 54.77 per cent owned by Jinhui Holdings, saw its share price slump by 12 per cent in morning trade when the Oslo-listed ...

  8. Riding the crest of a wave

    Posted May 09th 2012, 12:00am

    ... Boat trips in the summer are a great way of exploring Hong Kong's shoreline, beaches and outlying islands. They are increasingly popular with locals and tourists, and people in town for conventions and exhibitions. Depending on the size of their grou ...

  9. Rongsheng eyes US$800m deal to construct oil rigs

    Posted May 12th 2012, 12:00am

    ... from a Singapore-based company. The mainland's largest private shipbuilder and PrimePoint Oil & Gas, an offshore hydrocarbons exploration firm, are in talks for the construction of up ... this was likely to take place, he said: 'In about two weeks.' A Rongsheng spokesman declined to comment. The contract would involve the construction of a semi-submersible barge rig and a tender ...

  10. Courage Marine bearish on market

    Posted Dec 10th 2011, 12:00am

    ... of dry bulk shipping company Courage Marine said. Hsu Chih-chien, the company's chairman, said: 'The main problems in the international bulk shipping market recently are due to the imbalance of supply and demand between the number of vessels and the amount of cargo and increased operating costs, which will not improve until 2012.' Hsu said oversupply of ships would ...




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