China Merchants Port Holdings has signed strategic cooperation agreements with China Africa Development Fund and China Portugal Cooperation Development Fund to seek investment opportunities. Under the agreements, the parties will work together to promote the development of potential port and...
https://splash247.com/china-merchants-port-eyes-overseas-port-projects/
China’s largest steel producer Baowu Steel Group has signed a series of strategic agreements with Brazilian miner Vale to explore partnerships in various areas. Under the agreements, Baowu and Vale will cooperate in steelmaking, base metals, technology research and development, as well as logistics...
https://splash247.com/baowu-steel-and-vale-form-strategic-partnership/
China Merchants Heavy Industry (CMHI), the shipbuilding arm of state-run China Merchants Group, has initiated a mixed-ownership reform by tapping private investors to invest in the company, as part of the central government’s effort to reform state-owned enterprises (SOEs) by optimising their asset...
https://splash247.com/china-merchants-heavy-industry-eyes-private-funding-and-listing/
Chinese company Jutal Offshore Oil Services has announced that the company has obtained a slew of new contracts with total value of RMB3.5bn ($490m). The contracts include large scale core modules construction for Arctic LNG 2 natural gas project, wind turbine jacket construction and other offshore...
https://splash247.com/jutal-offshore-secures-490m-worth-of-new-contracts/
James Hughes-Hallett, the former chairman of Swire Group, passed away on October 12 at the age of 70 after a long illness. Hughes-Hallett, who started out at a ship agent, joining the Swire Group in 1976 and eventually he rose to become chairman of the group between 2005 and 2015. After his long...
https://splash247.com/former-swire-supremo-james-hughes-hallett-dies-at-70/
Shenzhen-listed bulk commodity trader Zheshang Development has announced a plan to acquire Zhejiang Shipping Group from its controlling shareholder Zhejiang Communications Investment Group. The deal is part of the internal asset restructuring process by state-run Zhejiang Communications Investment...
https://splash247.com/zheshang-development-to-take-over-zhejiang-shipping-group/
Imran Khan, prime Mminister of Pakistan met Eric Ip, group managing director of Hutchison Ports, yesterday to discuss the Hong Kong terminal operator’s expansion plans in south Asia. Ip confirmed to the prime minister the commencement of construction of the second phase of the Pakistan Deep Water...
https://splash247.com/hutchison-adds-more-capacity-at-karachi/
Dutch outfit Spliethoff has signed contracts with Mawei Shipyard for two versatile DP2 B-type vessels. The B-Type vessels will combine the intake of a multi-purpose vessel with a DP2 making them ideal for supplying large volumes and heavy cargo directly offshore. They also have a removable,...
https://splash247.com/spliethoff-heads-to-mawei-for-newbuilds/
Nanjing Tanker, a tanker unit of China Merchants Group, has issued a tender offer for the construction of a 24,000 dwt crude tanker. The participants of the tender are requested to submit a tender before a deadline of October 28. Nanjing Tanker, previously the main tanker arm of Sinotrans & CSC,...
https://splash247.com/nanjing-tanker-ordering-tanker-newbuild/
Xiamen Shipbuilding Industry (XSI) has listed two newbuild PSVs on Fujian Assets and Equity Exchange for resale via auction as part of its efforts to accelerate the clearout of its PSV inventory. The two vessels, named Noble Sentinel and Prime Sentinel, were originally ordered by UK-based OSV...
https://splash247.com/xiamen-shipbuilding-industry-lists-psv-pair-for-resale/