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  • November 23, 2014
  • Last updated: 11:30am
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  1. News - World - SHIPPING

    Hong Kong-based company unveils route of Nicaragua canal to rival Panama’s

    Posted Jul 08th 2014, 01:32pm by Patrick Boehler

    ... of Nicaragua canal unveiled HKND, the Hong Kong-based company run by Chinese billionaire investor Wang Jing and the Nicaraguan government, has unveiled the route of a proposed US$40 billion inter-ocean ... of six million people. Secondary construction includes two deep water ports, an international airport in the city of Rivas, four tourism resorts and an entirely new city that should become home ...

  2. Business - China Business - SHIPPING

    China's energy security concerns drive oil tanker tie-up

    Posted Nov 17th 2014, 05:08am by JING YANG

    ... energy supply chain. The company, incorporated in Hong Kong in September with US$1.1 billion in issued share capital, will operate about 40 very large crude carriers- supertankers each measuring ... and Overseas Shipholding Group, forced to restructure their operations or file for bankruptcy protection. By contrast, China Merchants Energy Shipping- the Shanghai-listed, Hong Kong-based offshoot ...

  3. Business - China Business - SHIPPING

    Sinotrans to stop cargo custodian and collateral management

    Posted Nov 07th 2014, 05:18am by JING YANG

    ... yesterday, a day after stocks of the group's Hong Kong-listed logistics unit Sinotrans Ltd were sent tumbling by allegations of fraud. "We have been conducting assessments ...

  4. Business - Economy - SHIPPING

    Congested Kwai Tsing port suffering from huge traffic jam on water

    Posted Oct 27th 2014, 05:19am by JING YANG

    ... Kong port in a storm Gridlock at Kwai Tsing container port in Hong Kong impacts everyone. Stacks of containers occupy virtually every open space in the yard. Cranes and trucks rush around ... holiday shopping spree in the West. Retailers in Hong Kong are also fretting if their cargoes can make it out of the port in a timely manner. "Over the summer it was the worst I've ever ...

  5. Business - Companies - SHIPPING

    Maersk Line, MSC alliance may stifle competition

    Posted Oct 09th 2014, 09:36am by JING YANG

    ... Industries, a Hong Kong-headquartered manufacturer of electrical and electronic products. The 2M approval further cements the trend of increased concentration in global container shipping, with most ...

  6. Business - Companies - SHIPPING

    Rongsheng Heavy Industries mulls restructuring to improve finances

    Posted Oct 01st 2014, 04:18am by JING YANG

    ... biggest privately owned shipbuilder. Rongsheng said in a Hong Kong stock market filing on Monday evening that the asset appraisal would form the basis for a potential restructuring at its main ...

  7. Business - Companies - SHIPPING

    Marine insurers warn of Arctic route risks

    Posted Sep 24th 2014, 03:47am by JING YANG

    ... in the Arctic," Stein Are Hanson, the head of the loss prevention and emergency response department at Norwegian Hull Club, a marine insurer, said in Hong Kong yesterday on the sidelines of the annual ...


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

    Posted Jul 03rd 2014, 03:50pm

    ... 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 executive in France 11 years ago. The firm, one of the world’s biggest container shippers and a unit of Hong Kong-listed parent Orient Overseas (International), was found guilty on Wednesday ...

  9. News - Hong Kong - SHIPPING

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

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

    ... problems and drifted into shore, damaging the shark net. The vessel is the the second container ship to run aground in Hong Kong's busy shipping lanes this month and the fourth this year. All ... the rocky beach at Tung Wan Tsai on Cheung Chau after it had refuelled in Hong Kong. On April 6, the 193-metre German-registered Hansa Constitution ran aground at Pok Fu Lam, just feet from the sea ...

  10. 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 ...




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