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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 Economics & Trade
on 24 December 2011, 00.24
>> Taiyuan: Customs of Taiyuan, situated in Shanxi province, has signed a cooperation agreement with Shanghai customs. Shanghai becomes the eighth cooperation partner of the Northern China hinterland city in trans-reg [...]Read More
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in Shipping Companies
on 30 April 2012, 00.24
>> Beijing: China’s biggest container carriers report increased first quarter losses as operating costs soar China Cosco Holdings, owner of Asia's largest container shipping company by capacity, and China Shipping [...]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 24 December 2011, 00.24
>> Global: New orders obtained by China shipbuilding industry valued USD36.3 billion in 2010, accounting for 38% of the global market, which made China the leading shipbuilding nation before South Korea, which took 37 [...]Read More
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in China Ports
on 30 August 2012, 00.24
>> Haikou: South China's Hainan province plans to invest CNY10.5 billion (US$1.65 billion) in construction for highway and shipping lanes this year, reports Xinhua. The highway investment will reach CNY8 billion while [...]Read More
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in Shipbuilding
on 30 July 2012, 00.24
>> Beijing: China will add 790 new standards to the shipbuilding industry this year to make it more international, according to the Ministry of Industry and Information Technology, China's top industry regulator. The [...]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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Latest e-Paper Edition >> September 2012

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September Edition 2012 of the digital magazine "Marine News China" as Flipbook-Version with valuable information on the Chinese shipping industry and related topics such as trade & economics, China ports, shipping companies and shipbuilding sector.

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