Search results for: China Shipping Development

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  • 4 May 2015
    Business & Finance

    China Shipping Bulk Carrier has entered into two charter agreements with sister companies China Shipping Haisheng and China Shipping Industry, the parent company China Shipping Development revealed in a stock exchange filing. The charter deal with Haisheng Shipping relates to six 57,000 dwt bulkers for a period of eight months. China Shipping Industry has agreed to […]

  • 30 June 2015
    Business & Finance

    Hong Kong-listed China Shipping Development Company Limited has entered into a deal with Guangzhou Shipyard for construction of four tankers, worth a total of  USD 199.9 million. The four crude /product oil carriers boast 114,000 dead weight tons each and are expected to start delivery by 31 March 2017 and conclude the delivery by the end of December 2017. The […]

  • 30 June 2015
    Business & Finance

    Hong Kong-listed China Shipping Development Company Limited has entered into a deal with Guangzhou Shipyard for construction of four tankers, worth a total of  USD 199.9 million. The four crude /product oil carriers boast 114,000 dead weight tons each and are expected to start delivery by 31 March 2017 and conclude the delivery by the end of December 2017. The […]

  • 11 February 2015
    Business & Finance

    China Shipping Development Company  (CSDC) has through its Hong Kong-based unit ordered four Very Large Crude Carriers (VLCCs) worth USD 375.9 million. The company signed a contract with compatriot shipbuilder Dalian Shipbuilding Industry Co (DISC) for construction of four 308,000 DWT carriers earlier today. The vessels, each with a price tag worth USD 93.9 million, are […]

  • 30 March 2015
    Business & Finance

    Shanghai and Hong Kong-listed China Shipping Development Co (CSDC) said that the plans for ordering three 6,600 dwt bulkers at an undisclosed compatriot shipyard have been approved by the company’s board. The order is to be placed through the company’s 51% owned subsidiary, Jinghai Shipping, the company said in a filing to Shanghai Stock Exchange. […]

  • 30 March 2016
    Business & Finance

    Chinese shipping major China Shipping Development Company Limited (CSDC) achieved 34.95% higher profit for 2015 totaling in RMB417 million (USD 64.3 million) when compared to figures from 2014, mostly due to a very strong tanker market. The group’s revenue was on course and amounted to RMB 12.213 billion, representing a decrease of approximately 0.50% as compared to 2014. In […]

  • 10 July 2015
    Business & Finance

    China Shipping Group, the controlling shareholder of China Shipping Development Company Limited (CSD) and China Shipping Container Lines (CSCL), is making arrangements for increasing its shareholding in the two companies. The move comes following the notice from China Securities Regulatory Commission (CSRC) to parent groups of listed companies to invest efforts in stabilizing the stock […]

  • 10 July 2015
    Business & Finance

    China Shipping Group, the controlling shareholder of China Shipping Development Company Limited (CSD) and China Shipping Container Lines (CSCL), is making arrangements for increasing its shareholding in the two companies. The move comes following the notice from China Securities Regulatory Commission (CSRC) to parent groups of listed companies to invest efforts in stabilizing the stock […]

  • 29 January 2015
    Business & Finance

    China Shipping Development Company (CSDC) expects to see around CNY 300 million (USD 48m) net profit for the year ended December 31, 2014. The company is basing the projection on preliminary assessment of the unaudited consolidated management accounts. The expected profit is in stark contrast to CNY 2.234 billion (USD 362,7m) loss in 2013. However, CSDC warns that the […]

  • 21 January 2015
    Business & Finance

    China Shipping Development Co (CSDC) has decided to retire and scrap ten ageing bulk carriers as part of the company’s fleet renewal program.  The ten bulkers have an average age of 20.6 years and a total of approximately 387,000 dwt, constituting 2.2% of the company’s total capacity. CSDC says that this earlier than planned retirement will not […]

  • 22 December 2014
    Business & Finance

    Shanghai No.1 Intermediate People’s Court found Mao Shijia, former general manager of China Shipping Tanker Company, a subsidiary of China Shipping Development, guilty of corruption and sentenced him to six years in prison. The court also sentenced Liu Houping, former assitant general manager at China Shipping Tanker Company, to three years and six months in jail […]

  • 25 November 2011
    Business & Finance

    On Nov. 22, 2011, China Shipping Industry (Jiangsu) Co. Ltd. successfully named and delivered the fourth 57.000 DWT bulk carrier to China shipping development Co., Ltd. at No. 3 outfitting quay in Sanjiangying Shipbuilding base. It is the seventeenth ship delivered by Jiangsu Company this year. Leaders of relevant departments of China shipping development Co., […]

  • 5 October 2011
    Business & Finance

      16th 57300T bulk carrier “AN HUA SHAN” built by China Shipping Industry (Jiangsu) Co., Ltd. for China Shipping Development Co., Ltd. tramp. Co. was successfully named and delivered at China Shipping Industry Changxing shipyard. The ceremony was hosted by Chen Junhua, secretary of the Party committee of China Shipping Industry (Jiangsu) Co., Ltd. Lin […]

  • 13 January 2012
    Business & Finance

    On January 10th, the 18th 57.300 DWT bulk carrier “An Tai Shan” built by China Shipping Industry (Jiangsu) Co., Ltd. for China Shipping Development Co., Ltd. Tramp. Co. was successfully named and delivered at Shanghai Changxing Island and departed from port in the afternoon. Chief accountant Mr. Zhou Limin of CIC., deputy general manger Mr. […]

  • 13 January 2012

    On January 10th, the 18th 57.300 DWT bulk carrier “An Tai Shan” built by China Shipping Industry (Jiangsu) Co., Ltd. for China Shipping Development Co., Ltd. Tramp. Co. was successfully named and delivered at Shanghai Changxing Island and departed from port in the afternoon. Chief accountant Mr. Zhou Limin of CIC., deputy general manger Mr. […]

  • 28 June 2011

    China Shipping Industry (Jiangsu) Co. Ltd. successfully named 57300dwt bulk carrier “AN YUE SHAN” at Shanghai Changxing Island and subsequently delivered the ship smoothly, which was the thirteen ship delivered to China shipping development Co., Ltd. tramp. Co. as well as the sixth ship delivered by China Shipping Industry (Jiangsu) this year. Chen Junhua, secretary […]

  • 29 July 2015
    Business & Finance

    China Shipping Development Company (CSDC) and China Shipping Container Lines (CSCL) have received a combined subsidy of around CNY 1.05 billion (USD 169m) from China’s Ministry of Finance for the disposal and retrofitting of their vessels. CSDC was granted approximately CNY 925 million (USD 149m), while CSCL received around CNY 127m (USD 20.5m) through their parent company China Shipping (Group) Company. CSCL expects […]

  • 25 November 2011

    On Nov. 22, 2011, China Shipping Industry (Jiangsu) Co. Ltd. successfully named and delivered the fourth 57.000 DWT bulk carrier to China shipping development Co., Ltd. at No. 3 outfitting quay in Sanjiangying Shipbuilding base. It is the seventeenth ship delivered by Jiangsu Company this year. Leaders of relevant departments of China shipping development Co., […]

  • 5 October 2011

    16th 57300T bulk carrier “AN HUA SHAN” built by China Shipping Industry (Jiangsu) Co., Ltd. for China Shipping Development Co., Ltd. tramp. Co. was successfully named and delivered at China Shipping Industry Changxing shipyard. The ceremony was hosted by Chen Junhua, secretary of the Party committee of China Shipping Industry (Jiangsu) Co., Ltd. Lin Xinhui, […]

  • 29 July 2015
    Business & Finance

    China Shipping Development Company (CSDC) and China Shipping Container Lines (CSCL) have received a combined subsidy of around CNY 1.05 billion (USD 169m) from China’s Ministry of Finance for the disposal and retrofitting of their vessels. CSDC was granted approximately CNY 925 million (USD 149m), while CSCL received around CNY 127m (USD 20.5m) through their parent company China Shipping (Group) Company. CSCL expects […]

  • 19 December 2011

    On Dec. 13th 2011, the 17th 57.300 DWT bulk carrier “An Kang Shan” , built for China Shipping Development Co., Ltd. Tramp. Co, was successfully named and delivered at Shanghai Changxing Island by China Shipping Industry (Jiangsu) Co. Ltd. The ceremony was hosted by Chen Junhua, secretary of the Party Committee of China Shipping Industry […]

  • 17 January 2012
    Business & Finance

    China Shipping Development Company has signed, on Friday, a new contract for the construction of one 110,000 DWT oil tanker. The contract was signed between China Shipping Development Company and its subsidiary Jiangsu shipyard. The delivery of the vessel is scheduled for September 30, 2013. The approx. value of the contract is USD 53.28 million. […]