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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 January 2012, 00.24
>> Hefei: Anhui provincial development plan calls for province-wide port capacity to reach 500 million tonnes by 2015 and major navigation channels to be extended to 1,500 kilometres, Xinhua reports. The province wil [...]Read More
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in Economics & Trade
on 30 July 2012, 00.24
>> Urumqi: Northwest Xinjiang region has commenced construction of an international trade and sourcing centre in Changji Prefecture, north of Urumqi with an investment of CNY13 billion (US$20 billion), reports Xinhua. [...]Read More
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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 Shipping Companies
on 30 November 2011, 00.24
>> Global Danish shipping giant Maersk Line and its north-south specialist Safmarine have cut the China leg of their Far East-West Africa FEW3 loop. It now links Malaysia's Tanjung Pelepas to the Congo's Pointe Noire, [...]Read More
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in Shipping Companies
on 26 February 2012, 00.24
>> Hong Kong: Orient Overseas Container Lines (OOCL) has announced plans to raise its ocean freight shipping rates for westbound trade on the Asia-Europe route, starting March 1. The rate hike will be US$800 per TEU [...]Read More
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in Shipping Companies
on 30 November 2011, 00.24
>> Hong Kong: Tung Chee Chen, Chairman and Chief Executive of Orient Overseas (International) Ltd (OOIL), said on Friday that the Hong Kong-based container shipping company has cut its capacity on routes to Europe by [...]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 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 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 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
>> Chongqing: The Chongqing government has decided to continue the container terminal handling charge subsidising scheme after one year's operation, Xinhua reports. Container cargo shippers, ground transporters and w [...]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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