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  • September 21, 2014
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  1. China Shipbuilding to list equipment units

    Posted Jul 25th 2009, 12:00am by Charlotte So

    ... Charlotte So China Shipbuilding Industry Corp, the mainland's second-largest shipbuilder, said yesterday it would spin off its ship equipment divisions in the A-share market. The firm ... with the spin-off despite a slump in demand in the shipping industry. China Shipbuilding's equipment divisions make diesel engines, deck machinery for civilian vessels and missile-launchers ...

  2. Business - Companies - RESTRUCTURING

    Samsung to merge shipbuilding and engineering units

    Posted Sep 01st 2014, 11:50am by AFP

    ... Agence France-Presse in Seoul The shipbuilding and engineering units of South Korea’s Samsung group said on Monday that they will merge as the family-run giant gears up for generational ... statement. Shareholders at the engineering unit would be given 2.36 shares in the shipbuilder, it said, adding that the deal would be finalised by December. The two firms hoped to achieve total sales ...

  3. Business - China Business - SHIPPING

    Shipbuilder Rongsheng sinks deeper in losses

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

    ... Industries, one of the mainland's largest privately owned shipbuilders, sank deeper into loss despite a budding recovery in the shipping market that helped recoup losses for companies like China ... cent to 340.6 million yuan as orders dried up. The shipbuilder delivered five vessels and cancelled eight contracts in the reporting period. Rongsheng shares were suspended from trading ...

  4. Business - Money - industry

    Brokers favour South Korea's worst-performing shipbuilders

    Posted Aug 27th 2014, 01:27am by BLOOM

    ... South Korean shipbuilders, this year's worst-performing industry group, are attracting buy recommendations from three of the nation's biggest brokerages after valuations sank to record lows. Hyundai Heavy Industries, Samsung Heavy Industries and three other listed shipbuilders lost an average 40 per cent in the year so far, compared with a 0.1 per cent gain in the Kospi 200 ...

  5. Business - Commodities - DIVERSIFICATION

    Shipbuilder China Rongsheng in oil and gas move amid widening losses

    Posted Aug 22nd 2014, 01:21am by JING YANG

    ... Jing Yang Jing.yang@scmp.com Shipbuilder makes oil and gas foray China Rongsheng Heavy Industries is diversifying into oil and gas exploration via a HK$2.2 billion acquisition in Kyrgyzstan, one week before the embattled shipbuilder is scheduled to report deepening losses from its mainstay shipbuilding business. The Hong Kong-listed, Jiangsu-based company said in a statement ...

  6. Business - China Business - SHIPBUILDING

    China Ocean Shipbuilding in joint venture with 2 Ningbo firms

    Posted Aug 07th 2014, 09:35am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com China Ocean links with partners at Ningbo port China Ocean Shipbuilding Industry has entered into a 508 million yuan (HK$638 million) joint venture ... Investment Fund, will invest in and provide management consultancy services for the shipbuilding and ocean engineering sectors. The other two partners are Zhoushan Marine Comprehensive Development ...

  7. Business - China Business - SHIPBUILDING

    China picks shipyards for special treatment

    Posted Sep 05th 2014, 01:22am by JING YANG

    ... policies including bank financing and research and development grants. The state-owned companies on the list are operated under China State Shipbuilding Corp, China Shipbuilding Industry Corp, ... Yangzijiang Shipbuilding, Shenzhen's Sainty Marine and Yantai Raffles, a subsidiary of China International Marine Containers, Sinopacific Shipbuilding and Jiangsu New Times Shipbuilding ...

  8. Business - Companies - SHIPPING

    Japanese shipbuilder Kawasaki to construct LNG tankers in China

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

    ... Bloomberg in Tokyo Japanese shipbuilder strives to win market share from South Korean rivals by taking advantage of lower construction costs in China Kawasaki to build LNG tankers in China Japanese shipbuilder Kawasaki Heavy Industries plans to construct gas carriers abroad as it strives to lower costs and take market share from Korean rivals. At present currency levels, ...

  9. Business - Companies

    China Rongsheng Heavy Industries signs US$1b shipbuilding contract

    Posted May 19th 2014, 03:22am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Rongsheng signs US$1b contract for 36 ships China Rongsheng Heavy Industries Group Holdings, one of the biggest shipbuilders in the country, signed a US$1 ... when demand was sluggish and pricing for new ships kept declining. In the first quarter, new orders by Chinese shipbuilders have grown 170 per cent from a year earlier, among which 96 per cent ...

  10. Business - China Business - SHIPPING

    Surging orders give shipbuilders hope

    Posted Jan 11th 2014, 01:21am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Mainland builders see pick-up in dry bulk demand, boosting chances of a brighter 2014 Surging orders give shipbuilders hope Embattled mainland shipbuilders see some cheer this year as new orders on dry bulk vessels jumped in the fourth quarter, spurred in part by a rebound in freight rates and the prospect of economic expansion this year. New ...




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