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in Economics & Trade on 30 August 2012, 00.24

Demand for “Green Ship” grows, replacing all older tonnages
>> Global: Despite a forecast that world shipping freight rate would decrease, demand for newbuilding commercial ship is growing instead. Fuel-efficient eco-friendly vessel is an optimal choice during recent days with high oil price and existing older tonnages will be replaced. Analyst Park Mu-Hyun of E*Trade Securities of Korea said "Shipowners aim to invest in fuel-efficient eco-friendly v [...]Read More
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in Shipping Companies on 30 August 2012, 00.26

Evergreen's second quarter profit too small to wipe out first half loss
>> Global: Taiwan's Evergreen Marine Corp (EMC) has achieved a positive second quarter result, with a net profit of TWD858 million (US$29 million) on operating income of TWD641 million (US$22 million). Its net income was partly boosted by a TWD542 million gain from asset sales booked in the second quarter. On the other hand, the shipping line in the first six months of 2012 lost TWD2.4 billi [...]Read More
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in Shipbuilding on 30 August 2012, 00.24

China: Shipbuilding industry may not recover until 2020
>> Beijing: Up to July, new orders for domestic shipbuilding industry has decreased by 50 % year on year. Orders hold in shipbuilding companies has also decreased by 30 % year on year. "Shipbuilding companies have been in a recession since the beginning of the year, to ease pressure, companies have cut their orders for new ships or delay deliveries of orders. But this may be a vicious circle [...]Read More
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in China Ports on 30 August 2012, 00.24

Qingdao Port eyes 2012 start for 400,000 T ore terminal
>> Jinan: China's Qingdao Port Group expects to start operations at its 400,000-tonne iron ore terminal at Dongjiakou Port this year, the group's chairman said on Wednesday, adding it has not been approached by Vale regarding access for the Brazilian miner's giant vessels. "We will accelerate the construction of the 400,000-tonne iron ore terminal and expect to start operations this year," C [...]Read More
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Latest Shipping News


in China Ports
on 30 August 2012, 00.24
>> Fuzhou: The port of Xiamen, managed to defy the general container market slowdown as it boosted efforts to attract domestic trade volumes to counter the gloomy foreign trade market. Container throughput rose 10.5% [...]Read More
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in Economics & Trade
on 31 March 2012, 00.24
>> Guangzhou: China will expand the scope of value-added tax reforms in a bid to accelerate structural adjustments in the economy, said a senior official. While attending the first Lingnan Forum held in Sun Yat-sen U [...]Read More
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in Economics & Trade
on 30 July 2012, 00.24
>> Shanghai: China has started off advancing into offshore plant market, as Shanghai-based engineering company Wison Group's subsidiary Wison Offshore & Marine has recently signed EPCIC contract for the world-firs [...]Read More
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in Shipbuilding
on 31 March 2012, 00.24
>> Nanjing: China's Jiangsu Yangzijiang Shipbuilding plans to be reborn as an 'All-around Maritime Group', by business diversification in order to make a long-term development. China's one of largest private-owned Ya [...]Read More
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in Shipbuilding
on 30 November 2011, 00.24
>> Global: South Korea's Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) have by now already secured more new order for offshore plant than merchant ship. Also Daewoo Shipbuilding & Marine Engine [...]Read More
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in Shipbuilding
on 31 March 2012, 00.24
>> Shanghai: Under troubled market, Chinese shipbuilding industry appears to make alterations according to changing times and circumstances. Chinese shipbuilders are active in up-grading commercial ship, as well as w [...]Read More
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Most Read Articles


in Shipping Companies
on 30 August 2012, 00.26
>> Beijing: China's flag carrier Cosco has widened its net loss to CNY4.87 billion (US$766.8 million) in the first half of the year, 76.7 % higher than the loss posted in the same period last year, drawn on 1.3 % incr [...]Read More
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in Shipping Companies
on 30 July 2012, 00.26
>> Hong Kong: Hong Kong listed Cosco Pacific, the terminal operating arm of Cosco Group, is eyeing investment opportunities ahead of Greek's planned US$62 million port privatisation programme to include ports of Pirae [...]Read More
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in Economics & Trade
on 30 August 2012, 00.24
>> Global: Despite a forecast that world shipping freight rate would decrease, demand for newbuilding commercial ship is growing instead. Fuel-efficient eco-friendly vessel is an optimal choice during recent days with [...]Read More
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in Shipping Companies
on 30 April 2012, 00.24
>> Taiwan: Evergreen Line will enhance its network in Asia by adding a Japan-Thailand-Vietnam service and a Belawan-Malaysia feeder (BMS) route, Seatrade Asia online reports. The Taiwanese container line will add the [...]Read More
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in Shipbuilding
on 30 April 2012, 00.24
>> Shanghai: Hudong-Zhonghua Shipbuilding of China's "Research on core technical skills for large-size membrane LNG carrier" Project has passed examination by the Ministry of Industry and Information Technology of Chi [...]Read More
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in China Ports
on 30 August 2012, 00.24
>> Jinan: China's Qingdao Port Group expects to start operations at its 400,000-tonne iron ore terminal at Dongjiakou Port this year, the group's chairman said on Wednesday, adding it has not been approached by Vale r [...]Read More
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