• Mon
  • Dec 22, 2014
  • Updated: 12:59pm

China Shipping Group

Power up, lending down, game on

Illustration: Henry Wong

In the second of a two-part series, the Post examines how infrastructure, energy, shipping and gaming fared in 2012 and what lies ahead in 2013.

Tuesday, 1 January, 2013, 5:37am

China's helping hand on cargo 'impractical'

The global shipping industry is facing its worst downturn in three decades, but industry experts say that mainland moves to boost Chinese shipping firms' business by allocating more cargo to them could be tricky to implement.

Richard Lidinsky, chairman of the US Federal Maritime Commission, said: 'Some kind of China cargo reservation system [would be] very difficult to do.'

10 Jul 2012 - 12:00am

Bank rescue, China data buoy shipping

Shares in a raft of shipping firms soared yesterday amid upbeat investor sentiment following the release of sharply higher mainland export and import figures for May and optimism about a bailout of Spanish banks.

12 Jun 2012 - 12:00am

Shipping firms take beating on HKEx

Shipping stocks nosedived yesterday amid renewed investor concern about the state of the shipping market, fuelled by doubts about the recovery in Europe.

Jon Windham, the Asian maritime analyst at Barclays in Hong Kong, said it was a 'pretty ugly day across the board'.

10 May 2012 - 12:00am

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

Market calls

China Shipping Container Lines (2866) was a big mover last week, rising 13.3 per cent on Thursday alone. The jump came despite no particularly positive news about the issuer and a downbeat outlook for the shipping sector. For example, MISC - Southeast Asia's largest shipping line by market value - signalled last week its intention to get out of its unprofitable container business.

5 Dec 2011 - 12:00am

CSCL warns of first-half losses

China Shipping Container Lines saw its share price crash almost 7 per cent yesterday after it warned it would post a first-half loss as a result of adverse trading conditions in the global container shipping market.

29 Jul 2011 - 12:00am

Market Calls

Shipping stocks offer a leveraged view on the global economy. As global trade flows, so do shipping counters, with minute fluctuations in cargo rates having an immediate (and occasionally dire) impact on carriers. Here are analysts' top buy and sell calls for the sector.

Johnson Leung (Jefferies)

20 Jun 2011 - 12:00am

CSCL to ply more ships on domestic routes

China Shipping Container Lines, the mainland's second-largest container shipping company, said it is seeking to allocate more ships to domestic routes to offset embattled international trade.

'It will be very difficult for every single container shipping company not to lose money this year,' chairman Li Shaode (right) said yesterday.

29 Aug 2009 - 12:00am

Bleak outlook tempers surge in shipping stocks

Shares in Hong Kong-listed container shipping firms Orient Overseas (International) Ltd (OOIL) and China Shipping Container Lines (CSCL) surged yesterday after Goldman Sachs issued a bullish report on their prospects.

However, other analysts remain sceptical that a genuine recovery in the battered shipping industry is around the corner.

4 Apr 2009 - 12:00am

CSCL to increase freight rates by up to US$600

China Shipping Container Lines says it increased freight rates on European routes in January and is about to raise rates again on those routes as well as on transpacific routes in the next two months.

'Net profits in the first quarter will be higher than last year,' chairman Li Shaode said.

3 Apr 2008 - 12:00am

China Shipping Group invests in Egyptian port

China Shipping Group, parent of China Shipping Container Lines, became the second mainland shipping firm to invest in a terminal in Egypt when it signed an agreement on Monday to acquire 20 per cent of Damietta container port.

28 Nov 2007 - 12:00am

China Shipping plans A shares, injections

China Shipping Container Lines, the sixth-largest container shipping company in the world, yesterday said it expected to issue A shares in Shanghai by the end of this year.

13 Oct 2007 - 12:00am