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  • Nov 27, 2014
  • Updated: 9:53pm

Oil Tanker

Sinking orders for China's shipyards

China's shipbuilding industry is heading for its worst year for new orders won in the decade or so since the mainland shipping boom began, according to industry figures.

Tuesday, 24 July, 2012, 12:00am

Sinking orders for China's shipyards

China's shipbuilding industry is heading for its worst year for new orders won in the decade or so since the mainland shipping boom began, according to industry figures.

Shipbrokers said a combination of factors, including overcapacity, difficulty in raising cash and low freight rates, had deterred shipowners from ordering new vessels.

24 Jul 2012 - 12:00am

Nan Fung mulls options after Sanko debacle

Nan Fung Shipping is mulling its options over two massive oil tankers it owns and has on charter to Sanko Steamship, Japan's fourth-largest shipping company which filed for bankruptcy protection on July 2.

24 Jul 2012 - 12:00am

Anglo-Eastern and Teekay join forces

Hong Kong's Anglo-Eastern Ship Management has formed a strategic partnership with global tanker operator Teekay to pave the way for the creation of a joint ship management firm overseeing part of Teekay's fleet.

29 May 2012 - 12:00am

Efficiency driving shipping rents as fuel costs rise

Shipping lines could see a two-tier market emerge for their vessels as a result of soaring fuel prices and the introduction of more fuel-efficient ships, the head of Hong Kong's largest ship-management company said.

24 Mar 2012 - 12:00am

Lender suffers big loss in supertanker finance deal

One of South Korea's largest banks has been left more than US$40 million out of pocket after financing a massive supertanker that only fetched a fraction of the purchase price when it was auctioned off on court orders.

6 Mar 2012 - 12:00am

Seized tanker sold for US$29m

Samho Dream, a supertanker under arrest in Hong Kong since October for non-payment of a bank loan, has been sold at auction for US$29 million, a fraction of the US$137.5 million the distressed South Korean owner paid for the ship in 2008.

20 Jan 2012 - 12:00am

Supertanker culminates deal by three dragons

Wah Kwong Maritime Transport, Hong Kong's largest independent tanker owner, has taken delivery of its latest ship, a massive US$140 million supertanker capable of carrying two million barrels of oil.

14 Jan 2012 - 12:00am

Judge orders sale of seized tanker

Admiralty judge Mr Justice Anselmo Reyes yesterday ordered the valuation and sale of a supertanker detained in Hong Kong since the middle of October over the non-payment of bank loans.

7 Dec 2011 - 12:00am

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