China Shipping Development pays HKD1 billion to boost stake in Beihai Shipping
China Shipping Development, the country’s largest tanker operator by fleet size, is acquiring a 20% stake in Shanghai Beihai Shipping for HKD1 billion from parent China Shipping (Group) in a bid to...
View ArticleCosco to transport iron ore for Vale
China Cosco Holdings has signed a landmark deal with Brazilian miner Vale for the transport of iron ore and the purchase of 14 very large ore carriers, which have been barred from entering Chinese...
View ArticleChina’s first automated terminal to be put into service
The Xiamen Ocean Gate Container Terminal is to become the first fully-automated terminal in China. All loading and delivery work will be done by machines. A video of the terminal in action showed a...
View ArticleForeign investors to be allowed to set up shipping enterprises
China will allow overseas investors and private Chinese companies to establish shipping enterprises, according to the “Guidelines on promoting a healthy development of the maritime industry”, a new...
View ArticleChina’s courts build reputation in maritime disputes
More foreign companies prefer to have marine disputes resolved in Chinese courts nowadays as the judiciary’s reputation grows with the increasing number of maritime cases in which it has provided equal...
View ArticleASEAN Ministers agree to promote Maritime Silk Road
Economic and Trade Ministers of ASEAN countries have reached a consensus at a meeting in Nay Pyi Taw, Myanmar, to work with China to accelerate the development of the maritime Silk Road. Chen Yingming,...
View ArticleQinhuangdao Port set for record coal deliveries
Qinhuangdao, China’s largest coal port, is set for record commodity deliveries over the next three years as urbanization boosts demand for the fuel. Shipments of mainly coal and ores via the port may...
View ArticleCrude oil tanker joint venture set up
Shanghai-listed, Hong Kong-based China Merchants Energy Shipping (CMES) is partnering with Sinotrans & CSC, China’s third-largest shipping and logistics conglomerate to set up a USD1.1 billion...
View ArticleChinese shipping firms to face competition from 2M
Container ship operators from China are facing fresh pressure from the new 2M alliance between Denmark-based Maersk Line and Switzerland-based Mediterranean Shipping Co. The new grouping comes after...
View ArticleCOSCO Shipping expands business in Latin America
COSCO Shipping’s business has expanded to eight Latin American countries this year as the continent’s economy is expanding. COSCO Shipping entered Latin America in the 1960s and has now deployed 20...
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