Life at sea beckons for city's young and educated

Tony Yeung Pui-keung, manager of the Maritime Services Training Institute, at the helm in the bridge simulator. Photo: Steve Cray

After years of shunning a career at sea, youngsters are showing increasing interest in sailing the world's oceans working on board massive cargo ships and tankers.

Sunday, 6 January, 2013, 4:06am

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

Shipowners want U.N. protection

Asian shipowners will lobby the global shipping industry to back a proposal for the deployment of United Nations troops on merchant ships in order to combat pirate attacks in the Gulf of Aden and Indian Ocean.

10 Mar 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

Tankers outstrip crude orders

The mainland's insatiable appetite for oil will not be enough to absorb all the new crude oil tankers due to be delivered over the next three years.

The growing move by China to control more of its own merchant tanker fleet will also reduce opportunities for foreign shipowners to charter vessels to mainland companies, shipping experts warned yesterday.

29 Sep 2011 - 12:00am

Profits ahoy in tanker deal

Well-heeled Hong Kong and mainland investors are among those being targeted by a shipping group that aims to buy and charter four to six oil tankers worth up to US$200 million in a customised club deal.

14 Jul 2011 - 12:00am

China's oil demand remains 'wild card' in tanker market

China's uncertain demand for imported oil will be one of the key influences that will affect tanker markets in the medium to long term, according to leading shipowners.

27 Apr 2011 - 12:00am

China Shipping confirms 4b yuan bonds issue plan

China Shipping Development, one of the mainland's largest tanker and dry bulk cargo ship operators, confirmed it planned to issue convertible bonds to raise up to 3.85 billion yuan (HK$4.56 billion) later this year to finance the construction of 19 ships.

18 Mar 2011 - 12:00am

Tanker pair jailed over S Korean oil spill, causing industry outrage

A South Korean court has jailed the captain and a crewman of a Hong Kong-registered supertanker for involvement in Korea's largest oil spill, sparking outrage from the owner and international shipping groups.

11 Dec 2008 - 12:00am

Titan Petrochemicals banks on returns from US$170m acquisition

Titan Petrochemicals Group, which will seek shareholders' consent this Friday to buy a new shipbuilding, repair and offshore oilfield engineering business from its majority shareholder for US$170 million, expects the business to return its investment within five years, said chief executive Barry Cheung Chun-yuen.

8 Oct 2007 - 12:00am

Eight held over illicit diesel fuel

Customs officers arrested eight men, seized 5,300 litres of illicit diesel fuel worth HK$28,000 and impounded three oil tankers yesterday. Officers said two of the tankers had been converted into fuel manufacturing workshops and used as mobile filling stations.

8 Jun 2007 - 12:00am

Crackdown on single-hull tankers

Single-hull oil tankers that are more than 30 years old may be detained in Hong Kong and put out of commission from next month under a global convention.

Government ship surveyors have been instructed to seek out such tankers as their worldwide phase-out begins.

1 Dec 2002 - 12:00am

US$46m oil tanker deal

H-share China Shipping Development said yesterday it would buy two oil tankers from Guangzhou Shipyard International for US$46.9 million.

6 Aug 2002 - 12:00am

Mainlander charged with murder

A 38-year-old mainlander has been charged with murdering a crewman, 52, aboard an oil tanker.

The victim was stabbed in the neck on the tanker, which was moored off Sha Chau, after an alleged dispute on Saturday. The suspect is due to appear in Eastern Court today.

1 Oct 2001 - 12:00am