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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 Shipbuilding
on 30 April 2012, 00.24
>> Guangzhou: Shipbuilder Guangzhou Shipyard saw first quarter net profit fall by more than half to US$12.6 million from US$27,75 million previously. The company said the decline in the shipbuilding market caused the [...]Read More
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in Shipping Companies
on 30 July 2012, 00.26
>> Shanghai: China Shipping (Group) Co, the parent company of China Shipping Container Lines Co Ltd., announced that it issued CNY2 billion (US$316.1 million) worth of unsecured medium-term notes with a maturity of th [...]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: Box ships, the New York-listed, Athens-based start-up that specialises in container feeder vessels, has taken delivery of its eighth vessel, the 5,344-TEU OOCL Hong Kong under a 36-month charter at US$26 [...]Read More
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in Shipping Companies
on 31 March 2012, 00.24
>> Global: Hanjin Shipping has named its first two 13,100TEU vessels Hanjin Sooho and Hanjin Asia. The vessels are part of an order of nine from Hyundai Heavy Industries, and will be deployed in the Asia-Europe trade [...]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 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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in Shipbuilding
on 30 July 2012, 00.25
>> Shanghai: With the summer break starting off in the end of this month, there were a number of final newbuilding contracts seen, as shipbuilders and shipowners finalized negotiation. But overall ordering activity is [...]Read More
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in Economics & Trade
on 30 July 2012, 00.24
>> Shanghai: From August 1, transshipments shipped to Shanghai from Qingdao and Wuhan will enjoy a tax refund at their port of origin, Xinhua reports. There are specific requirements for cargo to be eligible. This ca [...]Read More
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