Taiwanese bulker operator Wisdom Marine has announced that the company will issue new shares to raise around TWD400m ($13.3m). The company will issue 85% of the new shares publicly and the remaining 15% to employees. The deadline of the share subscription is July 9, and the company says proceeds...
https://splash247.com/wisdom-marine-raising-13-3m-for-fleet-expansion/
Zhejiang Seaport Shipping, the shipping unit of state-run Zhejiang Seaport Group, has entered into shipbuilding contracts with Yangzijiang Shipbuilding for the construction of four 1,000 teu feeder boxships. The vessels are designed by SDARI and will be deployed for domestic short sea container...
https://splash247.com/zhejiang-seaport-shipping-orders-feeder-boxship-quartet-at-yangzijiang/
Cosco’s 81,000 dwt panamax bulk carrier ran aground twice this week on the Parana River in Argentina. The vessel ran aground on Monday shortly after it left Timbues port, and having been refloated on Tuesday with tug assistance continued sailing after inspection. It was stranded again when it was...
https://splash247.com/cosco-bulker-runs-aground-on-parana-river-twice-in-three-days/
China Merchants Energy Shipping (CMES) has officially entered into shipbuilding contracts with China Merchants Jinling Shipyard for the construction of four 62,000 dwt multi-purpose heavylift vessels, after it announced plans to order the ships in March. The total price for the four ships is $119m...
https://splash247.com/china-merchants-confirms-order-for-four-heavylift-vessels/
Stanley Ho, one of the most colourful Asian tycoons of the last century, passed away at a hospital in Hong Kong aged 98. Most famous for his string of casino complexes in Macau, Ho also had a sizeable interest in shipping. Shun Tak Holdings laid claim to operating the world’s largest high speed...
Hong Kong-listed Titan Petrochemicals has proposed to implement a capital organisation scheme to enhance its financial flexibility. The proposed scheme involves share consolidation and capital reduction which will see every four existing shares of the company consolidated into one share. The...
https://splash247.com/titan-petrochemicals-proposes-financial-reorganisation/
Dutch subsea and geotechnical specialist Fugro and Taiwanese subsea survey company International Ocean Vessel Technical Consultant (IOVTEC), who last month announced the formation of joint venture company Fugro IOVTEC, have been jointly awarded the contract for geotechnical site investigation at...
https://splash247.com/fugro-and-iovtec-awarded-geotechnical-contract-in-taiwan/
COSL, the offshore service unit of CNOOC, has fixed charter contracts for two newbuild PSVs with Waigaoqiao Shipbuilding. The two vessels, Guo Hai Min Xing and Guo Hai Min Sheng, were originally ordered by Singapore owner Pacific Radiance and later the company entered into arbitration with the yard...
Bulk carrier operator Taiwan Navigation has entered into a shipbuilding contract with Japan’s Oshima Shipbuilding for the construction of one 63,700 dwt ultramax bulk carrier. Delivery of the vessel is scheduled in the second quarter of 2022. The value of the contract is not disclosed. The order...
https://splash247.com/taiwan-navigation-returns-to-oshima-for-ultramax-order/
CSSC Shipping, the financial leasing unit of China State Shipbuilding Corporation, has announced that the company has entered into an agreement with an unnamed bank to secure up to $116.8m loan facility. The facility, which will be repaid in 10 years, will be used to finance the acquisition cost of...
https://splash247.com/cssc-shipping-secures-116-8m-financing-for-ship-acquisitions/