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  • September 21, 2014
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  1. Business - Companies - EARNINGS

    Building boom drives China State Construction’s first-half profit up 25pc

    Posted Aug 14th 2014, 01:59pm by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com China State Construction International posted a 24.93 per cent jump in first-half net profit as construction business boomed in Hong Kong and Macau. ... advantage of the booming market, the group’s construction business has become prosperous,” chairman and chief executive Zhou Yong said on Thursday in the company’s earnings results statement. Taking ...

  2. News - China - DRUG SMUGGLING

    Chinese police seize US$6.5 million worth of cocaine in shipping container after US tip-off

    Posted Aug 29th 2014, 04:45pm by Agence France-Presse in Beijing

    ... Police – who are cracking down on drugs as part of a wider war on excess – were tipped off about a suspect shipping container from Peru by US Drug Enforcement Administration officials, ... from where it would be put on board a ship destined for New Zealand,” Xinhua reported yesterday. Police and customs officials searched the ship upon its arrival in Shanghai and found ...

  3. Rudder crisis forces Karakoa out

    Posted Apr 10th 2004, 12:00am by Alvin Sallay

    ... Alvin Sallay Filipino fast-food businessman Ray Ordoveza bit off more than he could chew with his ageing boat Clariden Karakoa, champion-apparent to the Asian crown, which retired with rudder problems on its first attempt at the China Sea Race. Nine hours ...

  4. News - Asia - DIPLOMACY

    Xi Jinping arrives in Sri Lanka seeking to boost trade and maritime ties

    Posted Sep 16th 2014, 10:01am

    ... construction of a Chinese-backed US$1.4 billion port city as he promotes his vision of a “maritime silk road” in the face of growing competition from Japan and India. China is increasingly asserting its influence in the Indian Ocean, with Sri Lanka a midway point on one of the world’s busiest international shipping lanes. It has overtaken India to become the largest investor in Sri Lanka, ...

  5. Business - Companies - SHIPPING

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

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

    ... that exceeds the world's biggest container ships on the water and under construction. Given that neither company has vessels of this size on order, the wording may indicate the alliance plans ... 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 ...

  6. The Chinese armada

    Posted Jul 29th 2005, 12:00am by Michael Richardson

    ... that can make advanced merchant vessels and warships. What are the implications for other Asian nations and the United States? State-controlled shipping companies on the mainland are among ... and it imports about 50 per cent of its oil. Many of the tankers, container vessels and other new ships ordered by China are being built locally. In a little over a decade, the nation has moved from ...

  7. 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 ... (OOCL), Shanghai-based China Shipping Container Lines, Singapore's Pacific International Lines (PIL), and France's CMA CGM are running a service departing from Shanghai to North East ...

  8. News - Asia - DEFENCE

    India launches first home-built anti-submarine ship to counter China

    Posted Aug 24th 2014, 05:44am by BLOOM

    ... anti-submarine ship India yesterday unveiled its first home-built, anti-submarine warship in a move to deter China from conducting underwater patrols near its shores. Defence Minister Arun Jaitley ... two years and sent a nuclear submarine to the Indian Ocean in December for a two-month anti-piracy patrol. The waters are home to shipping lanes carrying about 80 per cent of the world's ...

  9. News - China - YUNNAN EARTHQUAKE

    Newly constructed bridge offers relief for those trapped in Yunnan quake zone

    Posted Aug 06th 2014, 03:39pm by Nectar Gan

    ... worst-hit quake zone late last night after the construction of a steel bridge leading into Longtoushan township. Survivors trapped in the zone could also be carried out to safety. A previous bridge ... Xinhua reported. After 40 hours of construction, the new 30-metre bridge, with a load limit of 15 tonnes, was completed at 10pm on Tuesday. Trucks were seen driving into Longtoushan one after ...

  10. Business - Companies - SHIPPING

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

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

    ... to 19,200 teus, exceeding the size of container ships now in service or under construction. As 2M embodies a traditional vessel-sharing agreement now commonplace in the container shipping market, ... 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 ...




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