China has given four shipping lines including China Cosco 1.8 billion yuan ($293.3 million) in subsidies to encourage them to retire and upgrade their vessels, the four companies said.

China Shipping announced today they have sold the 1993-built, 35,000 deadweight product tanker Ming Chi to Digang Shipyard for a total consideration of approximately USD $3.3 million. The 1994-built tanker will...

Aug. 19 (Bloomberg) — China Shipping Development Co., the commodities-carrying unit of China’s No. 2 shipping company, posted a wider first-half loss as a global oversupply of vessels weighed on...