China Shipping Container Lines Co. (2866), the country’s second-biggest shipping company, ordered the world’s biggest container ship, taking over the title from A.P. Moeller-Maersk A/S. (MAERSKA) Hyundai Heavy Industries Co. (009540) will build five vessels each capable of carrying 18,400 20-foot containers for $700 million for China Shipping, the Ulsan, South Korea-based company said
Read moreHong Kong: Hong Kong-listed China Shipping Development (CSD) will shift its focus to LNG and is going to order six LNG carriers this year, as originally reported by SinoShip News three months ago. Li Shaode, president of CSD, revealed the news at the company’s annual results presentation yesterday. Li said that CSD has already
Read moreChina will take over the Pakistan’s strategically located Gwadar Port in southwestern Balochistan after Singapore decided to pull out of a 40-year port management and development contract signed in 2007. Port of Singapore Authority (PSA) and its partners – Aqeel Kareem Dedhi (AKD) Group of Karachi and the National Logistic Cell (NCL) – are
Read moreBeijing. Beijing said on Friday that two surveillance fleets that entered Japanese waters close to disputed islands in defiance of warnings from Tokyo would conduct “law enforcement” activities. The fleets arrived days after the Japanese government announced it had completed its planned purchase of the islands in the East China Sea, which it administers
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