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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 Shipping Companies
on 30 July 2012, 00.26
>> Taiwan: Taiwan's big container shipping line Evergreen will receive the first of twenty 8,000-TEU ships this month. Evergreen is spending US$2.06 billion at Samsung Heavy Industries for the "L-type" ships, which w [...]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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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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in Shipping Companies
on 30 July 2012, 00.26
>> Hong Kong: APL, the container shipping unit of Singapore's Neptune Orient Lines (NOL), has taken delivery of the 10,700-TEU APL Salalah, built by South Korea's Daewoo Shipbuilding, and is the second vessel in a ser [...]Read More
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in Shipbuilding
on 30 August 2012, 00.24
>> Beijing: China's COSCO Group-affiliated Guangdong COSCO Shipyard pushes forward a plan to set up an offshore yard, which will be the first offshore base in Guangdong. COSCO Group has already advanced into offshore [...]Read More
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in Shipbuilding
on 30 August 2012, 00.24
>> Hangzhou: Wanlon Shipbuiding, a shipbuilder in Taizhou, Zhejiang, has sunk a 60000dwt bulker currently under construction and due delivery in less than two months, in order to prevent it from causing more losses an [...]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 August 2012, 00.26
>> Hong Kong: OOCL has further pushed back the delivery date of the remaining six 8,888 teu vessels ordered from Hudong-Zhonghua originating from an original order of eight made in October 2007. The carrier said in a [...]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
0 Comments 33047 Hits 5 Ratings Read More
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
0 Comments 23358 Hits 5 Ratings Read More
in Shipping Companies
on 30 August 2012, 00.26
>> 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 [...]Read More
0 Comments 17894 Hits 5 Ratings Read More

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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