Cosco set for record container fleet growth next year Cosco set for record container fleet growth next yearNext year Coscos container division will go through an unprecented growth spurt, larger in size even than when it merged recently wit

Chinas distant oil forays see many more VLCCs tied up Chinas increasing demand for oil in the first nine months of the year is the equivalent of soaking up 45 more VLCCs, according to analysis by global shipowning body, BIMCO. However, desp

ICBC Leasing and CNNC Leasing to offer financing for offshore nuclear platform Chinas ICBC Leasing and CNNC Leasing have signed a strategic cooperation agreement with CNNC Offshore Power Development for a series of financing services. Under

COSCO SHIPPING Energy s GOOD NEWS COSCO SHIPPING Energy Transportation Co., Ltd. Are Investing Over Tens Billions of Dollars to Build the Worlds Leading Energy Fleet in the near future. COSCO SHIPPING Energy is committed to being the most r

Zhonggu Shipping orders siz boxships at Jinling Shipyard Zhonggu Shipping orders siz boxships at Jinling ShipyardChinese domestic boxship operator Zhonggu Shipping has returned to Sinotrans CSC affiliated Jinling Shipyard to place an order

Cosco orders 14 tankers Cosco Shipping Energy Transportation (CSET), the tanker unit of China Cosco Shipping, has approved a proposal to order a total of 14 tankers at two state-run domestic yards. CSET will order four 320,000 dwt VLCCs and

Cosco raises $1.94bn to fund 20 boxships Cosco Shipping Holdings has approved a proposed non-public issuance of 2.43bn new shares to 10 specific subscribers to raise up to RMB12.9bn ($1.94bn). China Cosco Shipping Corporation will subscribe

Yun Qu Na secures $15m financing from China Merchants Chinese online logistics platform Yun Qu Na has secured financing of RMB100m ($15m) from China Merchants Innovation Investment Management Company, an affiliate investment company of Chin

Chinese Cruise Markets Growth Slows The delivery of the World Dream from Meyer Werft to Dream Cruises on October 26 in Bremerhaven, Germany, marked the third new cruise ship completed this year dedicated to the Chinese market. While it unde

OOIL Sees Revenues Rise in Q3 OOIL Sees Revenues Rise in Q3Orient Overseas (International) Limited (OOIL) total volumes were 5.0% up for the third quarter of 2017 (ended 30th September 2017), from that of the same period last year. Total re

Report: Latam exports to China rising fastest

A naval sea drill was successfully held between China and six ASEAN countries in the South China Sea on Monday. The exercise focused on search and rescue in the sea. There were 20 vessels, three planes and over 1,000 people participating in

OOCLs Mega Boxship Grounds in Suez Canal Orient Overseas Container Lines (OOCL) new 21,000+ TEU size containership briefly ran aground in the Suez Canal on October 18, the company confirmed to World Maritime News. The 21,413 TEU ultra large

Wison Signs Strategic Cooperation Agreement with GTT Philippe Berterottire, Chairman and CEO of GTT and Ying CUI, CEO of Wison Offshore Marine sign the agreement. Wison Offshore Marine (Wison) today announced it has signed a strategic coope

China's homemade deep-sea drilling platform completes sea trial