Shipping Industry in China

Vale enlists ore transfer vessel to get round ban

Brazilian mining group Vale has expanded the flexibility of its iron ore shipping operations, especially to mainland ports, after taking delivery of a ship that is capable of loading and unloading other ships at sea.

Friday, 27 January, 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

Container sector hit by West's woes

Europe's debt crisis and the weak United States economy has caused a sharp deterioration in the shipping container trade at leading ports in China.

Year-on-year growth in container throughput at Shanghai, the world's busiest port, dived from 14 per cent in October to 1 per cent in November, according to Nomura International.

10 Dec 2011 - 12:00am

Cosco to settle lease disputes

China Cosco Holdings, the listed offshoot of the mainland's largest shipping company, downplayed a wrangle yesterday with several international shipowners over unpaid or partially made charter payments on dry bulk cargo ships.

7 May 2015 - 3:04pm

Cosco targets more overseas ports

Cosco Pacific, the world's fifth-largest container operator, says overseas port projects will be the major driving force for earnings in the medium term.

Unveiling a 24.8 per cent rise in net profit to US$237 million for the first half yesterday, Cosco said its search for overseas acquisitions was gathering pace.

25 Aug 2011 - 12:00am

Shipping delegation heads to South Korea

A high-powered delegation of Hong Kong shipping, logistics and port executives will start a visit to South Korea today to promote the city as an international maritime centre.

30 May 2011 - 12:00am

Shippers warn of bottleneck and US regulatory threat

Mainland and Asian exporters could face equipment shortages this year similar to those that disrupted cargo shipments and affected imports into Europe and the United States in the early part of last year.

13 Apr 2011 - 12:00am

Shipping market buoyant despite mainland crackdown

The mainland crackdown on speculation in commodities and illegal spending on infrastructure projects is unlikely to have a major impact on the country's dry bulk cargo markets, according to observers.

30 Nov 2010 - 12:00am

Mainland official warns of trade war

A senior mainland official has warned against trade protectionism calling unilateral action 'shortsighted and irresponsible'.

Xu Zuyuan, vice-minister of the Ministry of Transport, added that trade protectionism would have a 'negative impact on the shipping industry and therefore harm the long-term growth of the economy and trade.'

10 Nov 2010 - 12:00am

China's supply lanes within US forces' reach

The United States has quietly sought to strengthen a strategy intended to deter a threat from China by focusing greater attention on Southeast Asia, particularly the South China Sea, Indonesia and Vietnam.

7 Oct 2010 - 12:00am

Charter rates hit record amid port congestion

Charter rates for dry bulk vessels shot to record highs yesterday, driven by port congestion on the mainland and a looming deadline in negotiations between the nation's steel mills and overseas iron ore exporters.

21 May 2008 - 12:00am

New operators not expected to cut port costs

Industry experts split on benefits of another terminal in the city

The government would be naive to think that introducing new players into Hong Kong's port cargo business could help save the shrinking industry because it would not tackle the industry's real problem, a stakeholder said.

14 Apr 2008 - 12:00am

Sinotrans eyes used vessels to boost fleet

Strong demand for ore and coal spurs plan

Sinotrans Shipping, whose profits rose 18.4 per cent last year, may buy second-hand vessels and acquire a small shipping company to expand its bulk vessel fleet given the country's strong demand for iron ore and coal, its chairman says.

14 Mar 2008 - 12:00am

Tianjin eyes 50b yuan shipping industry fund

The Tianjin government had applied to the State Council to set up a 50 billion yuan shipping industry fund in an attempt to turn the coastal city into a leading trade and shipping centre on the mainland, a source said.

The fund, if approved, will be the largest industry fund in the country. Its aim is to buy cargo vessels and lease them to global shipping firms.

12 Jan 2008 - 12:00am

China Cosco sets sail with A-share offering

China Cosco Holdings started its initial public offering of A shares yesterday that could raise up to HK$17.2 billion for the mainland's largest container shipping company.

The proceeds will be used to acquire 51 per cent of Cosco Logistics from its parent firm as well as funding for 12 new vessels and construction of depot and logistics centres.

9 Jun 2007 - 12:00am