Chinese domestic container operator Zhonggu Logistics has commenced an initial public offering (IPO) on the Shanghai Stock Exchange today. The company announced the IPO plan in May last year, after terminating its listing on the National Equities Exchange and Quotations (NEEQ). The company is...
https://splash247.com/zhonggu-logistics-commences-ipo-on-shanghai-stock-exchange/
China’s Bank of Jiangsu is looking to dispose of the creditor debt owed by Taizhou Kouan Shipbuilding via an online auction. The bank has listed RMB142.6m ($20.88m) worth of debt owed by the shipyard for an online auction sale on September 29 through online platform JD. Taizhou Kouan Shipbuilding...
https://splash247.com/bank-of-jiangsu-to-sell-taizhou-kouan-debt-via-auction/
China is going to open up a number of ports soon for ship crew changes as the country eases entry restrictions for foreign nationals. China’s Ministry of Foreign Affairs and the National Immigration Administration announced yesterday that foreign nationals holding valid Chinese residence permits...
https://splash247.com/china-to-gradually-open-up-ports-for-crew-changes/
Japanese owner Santoku Senpaku has returned to Dalian COSCO KHI Ship Engineering (DACKS) for the order of two ultramax bulk carriers. Allied Shipbroking reports that the company ordered two 61,000 dwt ships at the yard with delivery scheduled in 2022. While the value of the order was not disclosed,...
https://splash247.com/santoku-senpaku-adds-ultramax-pair-at-dacks/
Financially troubled Chinese domestic container shipping major Antong Holdings has announced that Fujian Zhaohang Logistics Management has submit an application with administrators to join the restructuring of the company. According to company registration information, Fujian Zhaohang has just been...
https://splash247.com/china-merchants-and-avic-trust-join-antong-restructuring/
Singapore-based Raffles Shipping has entered into shipbuilding contracts with Chinese yard Penglai Zhongbai Jinglu Shipbuilding for the construction of two 50,000 dwt MR tankers. The vessels will be the largest tankers Penglai Zhongbai has ever built. The shipyard mainly builds bulkers and has...
https://splash247.com/raffles-shipping-orders-mr-tanker-pair-at-penglai-zhongbai-jinglu/
Idan Ofer’s Singapore-headquartered Eastern Pacific Shipping (EPS) has placed orders with two Chinese yards for the construction of a total of five 209,000 dwt newcastlemax bulk carriers. The move follows the company sealing an agreement with BHP to charter five dual-fuel newcastlemaxes to the...
https://splash247.com/eastern-pacific-confirms-newcastlemax-order-for-bhp-charter/
The latest spot rates published by the Shanghai Containerised Freight Index (SCFI) today show prices inching upwards on the main transpacific and Asia-Europe tradelanes, but spiralling by record heights from Shanghai to the east coast of Latin America. Rates on many tradelanes have been hitting...
https://splash247.com/container-rate-contagion-spreads-to-latin-america/
Major containership lines have adjusted their pricing on the transpacific after Chinese transport authorities intervened to curb the surging rates on the tradelane with American officials also warning they’re ready to intervene. The actions by the liners follow in the wake of the Ministry of...
Cosco Shipping has entered into a new contract with MODEC Offshore Production Systems for the transport of FPSO modules. Under the contract, Cosco will transport a total of 17 modules for MODEC FPSO Almirante Barroso MV32. The heaviest module is around 3,000 ton. The shipping project will commence...
https://splash247.com/cosco-secures-module-transport-contract-from-modec/