Chinese domestic dry bulk shipping operator CSC Phoenix has announced that a court in Shenzhen has ruled to auction its controlling shareholder Tianjin Shunhang Shipping’s shares in the company at the request of Beijing Greatwall Minxing Equity Investment Fund due to a debt dispute. Tianjin...
https://splash247.com/tianjin-shunhangs-csc-phoenix-stake-to-be-auctioned-by-court/
Chemical tankers were deemed one of the best segments for profit growth by multiple panellists at last week’s Maritime CEO Forum in Hong Kong. Happy with this consensus was Morten Arntzen, chairman of Team Tankers International, a chemical tanker major with a fleet of 51 ships. In the video below...
https://splash247.com/morten-arntzen-talks-up-the-chemical-trades/
Finnish shipowner Containerships has signed a preliminary agreement with China’s CSSC-affiliated Huangpu Wenchong Shipbuilding for the construction of an additional two 1,400 teu LNG-powered containerships. Containerships currently has four boxships of the same type under construction at the yard....
https://splash247.com/containerships-adds-two-more-lng-powered-boxships-at-huangpu-wenchong/
Guangzhou Maritime Court will hold an auction for defunct Shantou Di Yuan Shipping’s 2009-built bulk carrier Di He on October 29. The valuation price of the vessel is RMB40m ($5.78m). Di Yuan Shipping suspended operations last year after it was hit by a financial crisis and most of the company’s...
https://splash247.com/another-di-yuan-shipping-bulker-to-be-auctioned-by-court/
Shanghai Guanggu Financial Leasing has entered into the ship leasing sector after securing its first ever ship deal. The company has completed a sale and leaseback deal with Zhejiang Baoqian Shipping for the 16,000 dwt handy bulker De Qin 77. Guanggu Financial Leasing set up the shipping unit last...
https://splash247.com/guanggu-financial-leasing-enters-ship-leasing-sector/
Hunter Maritime Acquisition Corporation, a special purpose acquisition company focused on the international maritime shipping industry, has entered into a definitive agreement to complete a business combination with NCF Wealth Holdings, a Chinese fintech company. The company has established a...
https://splash247.com/hunter-maritime-to-merge-with-chinese-fintech-company/
China’s Bank of Communications Leasing (BoComm Leasing) has signed shipbuilding contracts with CSSC Chengxi Shipyard for the construction of four 80,000dwt kamsarmax bulk carriers. Delivery of the two vessels are scheduled in 2020. The latest contract has added BoComm Leasing’s orderbook at Chengxi...
https://splash247.com/bocomm-adds-four-more-kamsarmaxes-at-cssc-chengxi/
Panellists at this week’s tanker session of the Maritime CEO Forum in Hong Kong stressed the need to protect any imminent recovery in the sector. Featuring a banker and three owners, the panel was of the opinion that tankers are now bottoming out finally, however any hope of a sustained recovery...
https://splash247.com/maritime-ceo-forum-fragile-tanker-recovery-must-be-protected/
China’s Minsheng Financial Leasing has had a busy week, linked to more than $100m in multiple deals. Chatter about the growing financier started at the beginning of the week, when brokers put its name behind Mitsubishi’s sale of the its 81,000 dwt kamsarmax Sky Jade, the last price seen attached to...
https://splash247.com/minsheng-financial-leasing-makes-vlcc-debut/
Rongtua Shipping Group, a Singapore-based logistics company which mainly operates business in China, has entered the shipowning business with an order for two 61,000 dwt bulk carriers at Jiangsu Dayang Shipbuilding. The two vessels will be used for the company’s river-sea intermodal transport...
https://splash247.com/rongtua-shipping-enters-shipowning-with-dayang-ultramax-orders/