Search results for: China Ocean Industry Group

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  • 16 January 2019
    Business & Finance

    China Ocean Industry Group has found a potential buyer for two of the six ships, the delivery of which had been delayed.

  • 4 January 2019
    Business & Finance

    London arbitrators ruled against China Ocean Industry Group over delayed construction of four ships.

  • 14 March 2018
    Business & Finance

    China Ocean Industry Group inks cooperation deal related to management of Jiangxi Jiangzhou Union Shipbuilding.

  • 11 July 2018
    Business & Finance

    China Ocean Industry agrees with a company listed on SGX and Wuxi Tianshi Education Goods to establish a shipbuilding JV.

  • 28 October 2014
    Project & Tenders

    China Ocean Shipbuilding Industry Group’s unit JJUSCL and Jinglian Heavy form a partnership to develop LNG carriers in Joingxi province, China.

  • 30 October 2011
    Business & Finance

    China Rongsheng Heavy Industries Group Holdings Limited, a large heavy industries group in China, announced that the first Panamax bulk carrier ordered by Minsheng Financial Leasing Co., Ltd. (“MSFL”) was christened as “Guo Yuan 8” at the Group’s Nantong production base on 28 October. The leasing of the vessel to Fujian Guohang Ocean Shipping (Group) […]

  • 31 October 2011

    China Rongsheng Heavy Industries Group Holdings Limited, a large heavy industries group in China, christened Panamax bulk carrier ordered by Minsheng Financial Leasing Co., Ltd. (“MSFL”) as “Guo Yuan 8” at the Group’s Nantong production base on 28 October. The leasing of the vessel to Fujian Guohang Ocean Shipping (Group) Co., Ltd. marks a win-win-win […]

  • 24 May 2011

    China Rongsheng Heavy Industries Group Holdings Limited (“China Rongsheng Heavy Industries” or the “Group”; stock code: 01101.HK), a large heavy industries group in China, has collaborated with China National Offshore Oil Corporation (“CNOOC”) to construct the world’s first-ever 3,000-meter deepwater pipe laying crane vessel (“DPV”) “Ocean Pec 201”. A national science and technology major project […]

  • 24 May 2011
    Business & Finance

    China Rongsheng Heavy Industries Group Holdings Limited , a large  heavy industries group in China, has collaborated with China National  Offshore Oil Corporation (“CNOOC”) to construct the world’s first-ever 3,000-meter deepwater pipe laying crane vessel (“DPV”) “Ocean Pec 201”. A national science and technology major project achievement report meeting and a naming ceremony to celebrate […]

  • 24 May 2011
    Business & Finance

      China Rongsheng Heavy Industries Group Holdings Limited , a large  heavy industries group in China, has collaborated with China National  Offshore Oil Corporation (“CNOOC”) to construct the world’s first-ever 3,000-meter deepwater pipe laying crane vessel (“DPV”) “Ocean Pec 201”. A national science and technology major project achievement report meeting and a naming ceremony to […]

  • 2 September 2011

    China Ocean Shipbuilding Industry Group continued to stay in the red in the first-half after posting a larger net loss despite higher revenue.The Hong Kong-listed shipbuilder and securities trader recorded a first-half net loss of HK$158.1m ($20.3m) compared to HK$132.3m in the same period of 2010. Revenue, however, rose to HK$620.6m compared to HK$582m a […]

  • 16 December 2016
    Business & Finance

    China Cosco Shipping Group has integrated all of its shipbuilding assets into one unit – Cosco Shipping Heavy Industry (CSHI). The state-owned China Cosco Shipping is a merged entity of China Ocean Shipping (Group) Company (Cosco) and China Shipping (Group) Company (China Shipping). Cosco owns six shipyards and operates two joint-venture yards with Japanese Kawasaki […]

  • 10 April 2019
    Business & Finance

    Viking and China Merchants would form a joint venture to form a cruise line for the Chinese cruise market.

  • 6 October 2016
    Business & Finance

    Two of China’s major shipping companies could merge 11 shipbuilding yards into a single entity, The Wall Street Journal cited sources close to the matter. Namely, China Ocean Shipping Co. (Cosco) and China Shipping Group Co. would reportedly reveal their plans of the merger by early next year. China Ocean Shipping owns six yards and operates […]

  • 1 October 2012

      Rumor has it that China is pushing forward with a plan of revitalizing its struggling shipbuilding industry by injecting a major order of 50 VLCCs. As reported by the Associated Press citing China’s 21st Century Business Herald, a group of state-owned Chinese shipping companies, including China Shipping Group, Dalian Ocean Shipping Co. and China […]

  • 2 October 2012

    Rumor has it that China is pushing forward with a plan of revitalizing its struggling shipbuilding industry by injecting a major order of 50 VLCCs. As reported by the Associated Press citing China’s 21st Century Business Herald, a group of state-owned Chinese shipping companies, including China Shipping Group, Dalian Ocean Shipping Co. and China Merchants […]

  • 26 June 2015

    China Ocean LNG, a unit of China Ocean Shipbuilding Industry Group (COSIG), is buying a 47% stake in state-owned gas Jiangxi Petrochina Kunlun Gas (Jiangxi Gas) for a total of RMB38.4 million (US$6.2m). COSIG said in a filing to the stock exchange that it is beneficial for the company to invest in Jiangxi Gas, which […]

  • 26 June 2015

    China Ocean LNG, a unit of China Ocean Shipbuilding Industry Group (COSIG), is buying a 47% stake in state-owned gas Jiangxi Petrochina Kunlun Gas (Jiangxi Gas) for a total of RMB38.4 million (US$6.2m). COSIG said in a filing to the stock exchange that it is beneficial for the company to invest in Jiangxi Gas, which […]

  • 5 January 2016
    Business & Finance

    The acting chairman of China Shipping Group (CSG) has been appointed the new chairman of China Cosco Shipping Group, an entity to be created following the merger of China Ocean Shipping (Cosco Group) and China Shipping Co. The merger was cleared by China’s State Council earlier in December. Under the deal, the two companies will […]

  • 10 August 2015
    Business & Finance

    The government of China has reportedly ordered the merger of two of the country’s largest state-owned shipping companies – China Ocean Shipping Group (Cosco) and China Shipping Group – to try to jointly tackle a slump in the industry, according to South China Morning Post. According to an executive from Cosco Group, the two companies were urged last […]

  • 3 October 2011
    Business & Finance

      China Rongsheng Heavy Industries Group Holdings Limited, a large heavy industries group in China, announced that it has entered into an agreement with Shanghai NorthSea Shipping Co., Ltd. (“NSS”) in Shanghai on 29 September for a “1+1” shuttle tanker construction contract. This contract marks a major success of China Rongsheng Heavy Industries in developing […]

  • 25 July 2007

    Asia’s first 10,000 teu (20-foot equivalent unit) container ship, classed by Lloyd’s Register, was christened today at Hyundai Heavy Industries’ (HHI) yard in Ulsan just days before its scheduled delivery to the China Ocean Shipping Group (COSCO), China’s biggest shipping line.