Rongsheng Heavy CEO: “There is a need to shift our focus to the offshore and marine business”
(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd. said a new offshore-energy equipment unit may generate 50 percent of its orders over
(Bloomberg) — China Rongsheng Heavy Industries Group Holdings Ltd. said a new offshore-energy equipment unit may generate 50 percent of its orders over
BEIJING–Brazilian miner Vale SA has spent around $2 billion on a fleet of huge ships to carry its iron ore from Brazil to China. The problem: China
(Bloomberg) — A.P. Moeller-Maersk A/S, owner of the world’s largest container shipping line, is betting that China will evolve into a consumer
SHANGHAI–China Cosco Holdings Co. (1919.HK), the country’s largest shipping company by fleet size, said Tuesday its third-quarter net loss narrowed
(Bloomberg) — Rates to ship dry-bulk raw materials by sea are recovering after a four-year slump as Chinese demand for iron ore surged to the highest
(Bloomberg) — China Cosco Holdings Co., the nation’s largest listed shipping company, said the industry will expand as Chinese economic growth
SHENZHEN–Shipping giant China Cosco Holdings Co. (1919.HK, 601919.SH) is teaming up with its Shanghai-based archrival to jointly operate major domestic
(Bloomberg) — A Chinese fisherman died from injuries sustained in a South Korean coast guard raid after his vessel entered South Korean waters in the
China and Japan sat down for talks and agreed to jointly develop a natural gas field under the East China Sea, defusing a dispute between Asia’s
(Bloomberg) — China Shipping Development Co. and China Cosco Holdings Co., the nation’s biggest operators of dry- bulk ships, both rose the most
By Gabe Collins and Andrew Erickson Now that the People’s Liberation Army Navy (PLAN) has commissioned its first aircraft carrier and may be looking to
With scores of Chinese shipbuilders struggling to stay afloat, some have been forced to diversify their offerings and look to adjacent markets for even the
(Bloomberg) — Three yellow construction cranes tower over heavy machinery and clusters of workers as they bustle in the Norwegian Arctic drizzle to get a
There are a few headlines going around today in some major publications and by the Associated Press claiming that China has announced plans to build 50
China’s 21st Century Business Herald newspaper reported today that China has placed a massive $4.5 billion order for 50 VLCCs in an effort to stimulate
Introducing the ‘Liaoning’: China’s New Aircraft Carrier and What it Means By Andrew Erickson and Gabe Collins China’s first aircraft
(Bloomberg) — China’s first aircraft carrier, built with the hull of an unfinished Soviet-era ship, was handed over to the navy and formally
Ulstein said Thursday that it has entered into a contract with China’s Sinopacific’s Zhejiang yard for the delivery of twelve design packages for a
TOKYO — The Japanese government has watched largely helplessly as protesters in China in recent days have damaged Japanese property and products.
(Bloomberg) — Iron-ore ships are poised to earn more than operating costs for the first time this year as rates rally on speculation Chinese steel mills
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