China Shipping Development

Cosco still in red but two others shine

China Cosco recorded a 1.53 billion yuan third-quarter net loss.

Three of China's largest shipping companies posted mixed third-quarter results yesterday with China Cosco Holdings remaining in the red, while two subsidiaries of rival China Shipping staunched the red ink of earlier quarters to report net profits.

Wednesday, 31 October, 2012, 4:12am

Shipping stocks hit rough waters after loss forecast

Shipping stocks tumbled yesterday following renewed concern about the state of the shipping markets after China Shipping Development warned on Tuesday it would report a first quarter net loss.

The biggest casualty was China Shipping Development, which saw its share price fall by 9 per cent to HK$5.01 in afternoon trade, closing 7.64 per cent down at HK$5.08.

12 Apr 2012 - 12:00am

Lawsuits filed in US against HNA firms

HNA, the maritime, aviation and property group, and several of its shipping offshoots are facing a fresh round of legal disputes in the US from rival companies over its vessels.

11 Jan 2012 - 12:00am

Jinhui Shipping 'fed up' with Grand China

Jinhui Shipping & Transportation, a dry-bulk shipping company, will do 'everything and anything' to recover almost US$10 million it is owed by mainland shipping company Grand China Logistics (GCL).

5 Dec 2011 - 12:00am

Company profile - China Shipping Development

As the mainland's leading coal and oil shipping company, China Shipping Development's principal activity is the provision of cargo shipping. Other activities include the purchase and sale of ships, repair and construction of containers, ship spare parts purchase and sales agency, consultancy and transfer of ship technology.

11 Jun 2007 - 12:00am

Haisheng soars 10pc on plan to acquire parent's assets

Shares of China Shipping Haisheng, the Shanghai-listed subsidiary of China Shipping Group, rose 10 per cent yesterday on the news of an asset injection from its parent.

10 Feb 2007 - 12:00am

Bond offer shelved on fears over share policy

China Shipping shuns uncertain results of state share reform in bid for funds

China Shipping Development (CSD), the mainland's largest coastal energy shipper, has put a two billion yuan convertible bond issue on hold because of a recent government policy change.

12 Aug 2005 - 12:00am

China Shipping targets overseas business

Mainland oil and bulk carrier China Shipping Development hopes international business will account for half of its revenue by 2005 after deploying up to 18 new vessels in the coming two years.

3 Jan 2004 - 12:00am

What the broker said...

China Shipping Development operates one of the largest fleets of oil tankers, dry-bulk cargo carriers and container vessels in Asia. It holds operating rights for domestic and international sea transport.

Just under a year ago, the company, which had achieved strong earnings growth throughout the previous two years, planned to acquire ports in China or overseas.

25 Aug 2002 - 12:00am

Nine ships in lease

China Shipping Development has agreed to lease nine container vessels from its parent company, China Shipping (Group), for one year. The H share will pay China Shipping (Group) 58 million yuan (about HK$54.2 million). The company said that it was as part of its efforts to develop its container transportation business.

3 Jan 2002 - 12:00am