Shipping firm's beef about paint 'baseless'

A Scandinavian shipowner has hit back at claims by a Hong Kong shipping company that technical issues led it to return four ships it had on charter from the Western firm.

Wednesday, 15 August, 2012, 10:51pm

Jinhui companies warn of first-quarter profits drop

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.

9 May 2012 - 12:00am

Shanghai yard wins huge order from U-Ming

Shanghai Waigaoqiao Shipbuilding, one of the largest shipyards on the mainland, has won a contract that may be worth up to US$500 million.

The huge order, for up to 10 dry cargo iron ore and coal carriers, was placed yesterday by the Singapore subsidiary of Taiwan's U-Ming Marine Transport.

14 Feb 2012 - 12:00am

China seen as key for iron ore, shipping firms

China will remain the world's key iron ore market for mining companies and the global dry bulk shipping industry, despite concerns about the future of the country's infrastructure boom and an easing of foreign direct investment, shipping experts say.

14 Nov 2011 - 12:00am

Supply glut is a bigger risk than carriers

Worries among mainland shipowners that a raft of giant iron ore carriers entering service over the next three years would hurt the dry bulk shipping market are not as great as the threat of overcapacity, shipowners said.

4 Oct 2011 - 12:00am

Bulk carriers help fill Rongsheng order book

China Rongsheng Heavy Industries Group, the mainland's largest privately owned shipyard, is set to deliver at least 35 ships this year out of a total order backlog of 111 vessels worth US$7.1 billion.

'We estimate no less than 35 vessels will be delivered this year,' said Cynthia Zhang Jin from the firm's investor relations division.

2 Jul 2011 - 12:00am

Industrial shipowners may squeeze charter deals

The rise of industrial shipowners including iron ore miners Rio Tinto and Vale coupled with the growth of long-term contract deals between steelmakers and shipowners could squeeze the volume of charter contracts open to dry bulk shipowners.

23 Apr 2011 - 12:00am

Price war looms for shipyards on the mainland

Chinese shipyards could find it more difficult to compete against South Korea and Japanese on price alone if the yuan continues to appreciate against the US dollar, according to a leading ship financier.

18 Apr 2011 - 12:00am

Big ship rent rates sink amid slowdown

Concerns over the slowdown in the mainland's construction sector, posturing over ore price negotiations and a general summer slowdown have seen charter rates for large dry bulk ships go into freefall as iron ore cargoes evaporated.

Shipbrokers said a dearth of coal cargoes and an oversupply of large ships had also contributed to the slump in rental prices.

15 Jul 2010 - 12:00am

Capesize vessel rates falling, with iron ore build-up increasing fears

Charter rates for the large vessels used to deliver iron ore and coal are falling, with analysts forecasting that growing stockpiles of the raw materials at mainland ports and warehouses will push prices lower.

23 Jul 2009 - 12:00am

Naval architect makes design breakthrough

While efficiency remains the ultimate goal of port operators and shipping companies, the local and global shipping and maritime community is also working continuously to enhance safety, security and environmental standards.

27 Sep 2008 - 12:00am

Iron ore imports show 10pc rise as Beijing plans steel output cut

Despite falling domestic production, the mainland's iron ore imports are up 10 per cent year on year, according to a leading ship broker.

Warren Brook, managing director of Simpson, Spence & Young Shipbrokers, said even though the mainland sourced inferior quality iron ore domestically, it preferred to import better quality iron ore to manufacture steel.

21 Feb 2000 - 12:00am

New fleet launch imminent

A venture between Capital Steel Group of the mainland and Peninsular & Oriental Steam Navigation of Britain that will have the world's biggest capesize dry bulk carrier fleet will start operating in Hong Kong on July 7.

1 Jul 1998 - 12:00am

Association urges stronger representation in new Legco

James Hughes-Hallet, chairman of the Swire group's China Navigation Co, has been appointed chairman of the Hong Kong Shipowners Association at the company's 40th annual general meeting.

Mr Hughes-Hallet said he would continue the work of outgoing chairman George Chao Sze-kwong and sell the story of marine skills and services to attract more shipowners to Hong Kong.

28 Nov 1997 - 12:00am

Demand strong for Panamax vessels

The demand for Panamax newbuildings remains strong despite a turbulent second quarter which reduced rates by US$3 per deadweight tonne (dwt) on the US Gulf-Japan grain run, according to a research report.

13 Aug 1997 - 12:00am