Profits at China’s Largest Shipbuilder Likely Shrank by Almost 100% in 2012
China CSSC Holdings Ltd. (600150.SH), the listed arm of China’s largest shipbuilder, said Saturday its profit likely shrank by 95% to 100% year on year
China CSSC Holdings Ltd. (600150.SH), the listed arm of China’s largest shipbuilder, said Saturday its profit likely shrank by 95% to 100% year on year
By Kyunghee Park and Jasmine Wang China’s shipbuilders are set to spark a price war in the oil-rig market. With orders for new ships plunging to an
Rising steel prices and falling stockpiles of iron ore in China may lead to increased imports of the commodity, boosting demand for shipping, according to
Temperatures in China have plunged to their lowest in almost three decades, cold enough to freeze coastal waters and trap 1,000 ships in ice, official media
Rates to ship iron ore rose the most in almost eight weeks on speculation China’s steel industry is stockpiling the commodity before domestic mines shut
By Chuin-Wei Yap And Sameer Mohindru China’s growing hunger for seafood is testing relations with other countries and worrying foreign officials and
By Shane Romig BUENOS AIRES–Argentina’s coast guard has detained two Chinese ships as it steps up efforts to prevent illegal fishing in its waters.
Chinese demand growth for imported coal will almost halt next year before shipments contract in 2014 as the nation’s improving transport network allows
Rickmers-Linie is to take delivery of two 20,000dwt newbuildings in 2015, built at Hudong-Zhonghua Shipbuilding in China. Both of these multi-purpose vessels
Keppel Corp., the world’s biggest oil-rig builder, may consider buying a yard in China as the nation boosts offshore drilling to meet rising energy
HONG KONG–Cnooc Ltd. (CEO), China’s largest offshore oil-and-gas producer by capacity, confirmed Saturday that the Canadian government approved
(Bloomberg) — Chinese fishing vessels accidentally cut the cables of a Vietnam Oil & Gas Group seismic ship doing work in Vietnam-controlled waters
RIO DE JANEIRO–Brazilian mining giant VALE SA (VALE, VALE5.BR) believes global demand for iron ore is “far from peaking,” though growth in
(Bloomberg) — Shanghai Shipping Exchange introduced dry-bulk and oil-tanker indexes in a challenge to a 268-year-old London bourse that sets freight
By Andrew Erickson and Gabe Collins Two months after China’s first aircraft carrier Liaoning was commissioned, and a year and a half after it began sea
BEIJING–China has passed a landmark in the development of its first fully functional aircraft carrier with the first successful landing of a jet fighter
HONG KONG–China Shipping Container Lines Co. (2866.HK), or CSCL, plans to sell a fifth of its shipping containers for US$358.6 million to raise cash and
(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
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