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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 31 March 2011, 14.24
>> Hong Kong: Hutchison Port Holdings (HPH), the Hong Kong based world's biggest container terminal operator, had its pre-tax profit fall by 7.3% year on year to HK$5.9 billion which drew on revenues of HK$33,427 mill [...]Read More
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in Shipping Companies
on 31 March 2011, 14.24
>> Hong Kong: Anglo-Eastern Group, Hong Kong ship management firm, fears for future of shipping in the face of piracy and a massive deluge of tonnage flooding the market. Speaking at an annual media lunch at the Royal [...]Read More
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in Shipbuilding
on 31 March 2012, 00.24
>> Shanghai: Diana Shipping of Greece has penned a US$58 million order to construct a pair of ice-class panamax bulkers at China Shipbuilding Trading Co and Jiangnan Shipyard under CSSC umbrella. The New York-listed [...]Read More
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in Shipbuilding
on 28 August 2011, 00.24
>> Qindao: In Shandong, Chinese largest yard for offshore plant has begun its construction with privately-owned Jiangsu Eastern Heavy Industry having taking a part in this project. The investment volume was US$1.56 bi [...]Read More
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in China Ports
on 24 May 2011, 15.24
>> Hefei: The river port Hefei, in the Anhui province, expects its annual throughput to top 25,000 TEU after having handled 10,029 TEU by the end of May, as Xinhua reports. About half of the province's container carg [...]Read More
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in Shipping Companies
on 31 March 2011, 14.24
>> Shanghai: China Shipping Container Lines (CSCL) states that the company lost CNY6.49 billion (US$950.31 million) in 2009, a decline from a net profit of CNY134.69 million in 2008. Revenue fell 43.4 % to CNY19.94 b [...]Read More
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Most Read Articles


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 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 Shipping Companies
on 31 March 2011, 14.24
>> Hong Kong: In October Orient Overseas Container Line (OOCL) introduced its “Empty Pickup Appointment” scheme for Hong Kong alone as an alternative to an early container pickup. Now it may be extended to Shenzhe [...]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 25 May 2011, 15.24
>> Dalian: China's largest state-owned shipbuilder, Dalian Shipbuilding Industry, is building possibly the world's biggest 'green' recycling yard facility. The state-of-the-art recycling yard will occupy an area of 46 [...]Read More
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Latest e-Paper Edition >> September 2012

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