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 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
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 & 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
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
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
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
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
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
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