Search results for: Rongsheng

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  • 13 July 2015
    Business & Finance

    Oslo-listed Tanker Investments Ltd said that the deliveries of the six second-hand Suezmax tankers purchased in December 2014 have been pushed back for early third quarter of 2015 instead of the first half of the year. The fleet consists of four, 2009-built and two, 2010-built Suezmaxes constructed by Rongsheng Heavy Industries Group Ltd. acquired for […]

  • 13 April 2011

      Recently, DSME (Daewoo Shipbuilding & Marine Engineering) held a ceremony for naming the first 400,000 DWT VLOC in the world. This newbuilding vessel is the largest bulk carrier in the world, with length of 360 meters, width of 65 meters and depth of 30.4 meters, and the order was signed in October of 2009. […]

  • 24 December 2012

    Based on the unaudited consolidated management accounts of the China Rongsheng Heavy Industries and its subsidiaries (collectively the Group) for the eleven months ended 30 November 2012 and the preliminary estimation by the Company, the Group is expected to incur a net loss for the year ending 31 December 2012 as compared with the published […]

  • 1 August 2013
    Business & Finance

    China Rongsheng Heavy Industries announced yesterday its plan to issue Convertible Bonds in an aggregate principal amount of HK$1,400,000,000 (approx. $180 million) that will be used for working capital and general corporate purposes, in particular, to support the Group’s strategic development in the offshore engineering business. The initial Conversion Price is HKS1.00 per Share, which represents […]

  • 16 October 2014
    Business & Finance

    Chinese shipbuilder Guangzhou Shipyard International (GSI) is going to take over 100% equity interest in its sister company CSSC Huangpu Wenchong Shipbuilding Company, the parent company of both shipyards China State Shipbuilding Corporation (CSSC) announced. The decision comes as CSSC eyes “significant assets restructuring” of GSI. At the request of the GSI, trading in the shares of […]

  • 31 August 2015
    Business & Finance

     The Icelandic Steamship Company (Eimskip) has decided to cancel a container ship ordered at Chinese shipbuilder Rongsheng Shenfei. The vessel forms part of a contract signed in 2011 that entails construction of two 875-teu container ships. The first vessel, Lagarfoss, was delivered in June last year and has served the company well, Eimskip said. However, the shipping company decided […]

  • 30 January 2013

    The board of directors of China Rongsheng Heavy Industries Group Holdings Limited was informed that on 24 January 2013, Fine Profit Enterprises Limited and Boom Will Limited entered into a share transfer agreement, pursuant to which Fine Profit agreed to sell to Boom Will, and Boom Will agreed to acquire from Fine Profit, an aggregate […]

  • 15 June 2011

    In the afternoon of 13th of June, Chief Operations Officer & Executive Committee member Mr. Bjorn Kj.HAUGLAND, and Director of Operations Mr. Trond Hodne of DNV with their entourage visited our company. President Mr. Chen Guorong, Vice President Mr. Zhao Zhongwu and President Assistant Mr. Zhou Yang provided a warm welcome for them. Both sides […]

  • 3 September 2014
    Business & Finance

    DryShips Inc., an international provider of marine transportation services for dry bulk and petroleum cargoes, through its majority owned subsidiary, Ocean Rig UDW Inc., has reached an agreement with Jiangsu Rongsheng Heavy Industries (RSHI), to cancel the newbuilding contracts for four ice-class panamax bulker vessels, in exchange for the refund of all instalments paid to […]

  • 9 April 2012

    Oman Shipping Company’s 400,000 DWT Very Large Ore Carrier (VLOC), the VALE SOHAR, was floated out of the construction docks and transferred to the final outfitting berth at Rongsheng Heavy Industries shipyard in China. VALE SOHAR joins VALE LIWA, floated out on March 19th, as the second in a series of four VLOCs currently under […]

  • 31 July 2013

    The board of directors of China Rongsheng Heavy Industries Group Holdings Limited announced today that Mr. Zhang Xu Sheng has resigned as an independent non – executive director of the company with effect from 31 July 2013 due to health reasons. Upon his resignation as an independent non – executive director, Mr. Zhang also resigned […]

  • 6 September 2015
    Business & Finance

    Meratus Line Vessel Sinks, Two Crew Missing An Indonesian-flagged containership loaded with containers sank on Wednesday morning, September 2, in the Java Sea, while en route some 100 nautical miles northe… Read More MOL Testing New Windshield on Its Boxship Japanese shipping company Mitsui O.S.K. Lines, Ltd. has started demonstration tests of a new windshield […]

  • 6 September 2015
    Business & Finance

    Meratus Line Vessel Sinks, Two Crew Missing An Indonesian-flagged containership loaded with containers sank on Wednesday morning, September 2, in the Java Sea, while en route some 100 nautical miles northe… Read More MOL Testing New Windshield on Its Boxship Japanese shipping company Mitsui O.S.K. Lines, Ltd. has started demonstration tests of a new windshield […]

  • 22 May 2012
    Business & Finance

    Oman Shipping Company celebrated the launch, delivery and naming of the biggest two carriers in the world at the port of Jiangsu Rongsheng Heavy Industries Company in Nantong in China. The carriers will be used in the transportation of iron ore from Brazil to Oman Vale Iron Ore Palletising Company plant in Sohar. The celebration […]

  • 21 November 2012

    Faced with plunging demand for ships it seems that shipbuilders have turned to oil and gas sector. One of such examples is Rongsheng Heavy Industries Group Holdings Ltd., which has formed a new offshore-energy equipment unit aiming to focus on offshore and marine business and hoping that the new unit will generate half of its […]

  • 31 July 2013

    China Rongsheng Heavy Industries Group Holdings Limited, a large heavy industries group in China, announced that the Company has conditionally agreed to issue HK$1.4 billion 7.0% convertible bonds due 2016. The estimated net proceeds from the issue of the Convertible Bonds, after deduction of commissions and expenses, would be approximately HK$1.379 billion, which will be […]

  • 5 July 2013

    The board of directors of China Rongsheng Heavy Industries Group Holdings Limited (the Company together with its subsidiaries) has noted the decrease in the price of the shares of the Company on 3 July 2013. “Having made such inquiry with respect to the Company as is reasonable in the circumstances, the Board confirms that, save […]

  • 11 June 2012

    The Singapore based Dongfang Shipbuilding is drowning in financial debts which have resulted in the decision of the Credit Suisse and a group of Chinese banks to seize seven of Dongfang Shipbuilding’s tankers. This is not the first instance of such a decision on the part of Chinese banks, which previously seized Dongfang‘s three tankers […]

  • 11 June 2012
    Business & Finance

    The Singapore based Dongfang Shipbuilding is drowning in financial debts which have resulted in the decision of the Credit Suisse and a group of Chinese banks to seize seven of Dongfang Shipbuilding’s tankers, Reuters reported. This is not the first instance of such a decision on the part of Chinese banks, which previously seized Dongfang‘s […]

  • 28 March 2017
    Business & Finance

    The Shipping Corporation of India (SCI) has rejuvenated its outdated fleet slashing its age by almost a half. “Shipping Corporation of India (SCI) has replaced most of its aged fleet and it has a modern and fuel efficient fleet with an average age of 9.5 years as on March 2017 compared to average Indian fleet age […]

  • 19 January 2012
    Business & Finance

    Rongsheng Shipbuilding Heavy Industries, a large heavy industries shipbuilding group in China, has chosen Mark II, OceanSaver’s next generation ballast water treatment system, for two 317.000 DWT VLCC newbuildings. The contract comes just weeks after DNV type approval, certifying Mark II to fully meet the requirements of the International Ballast Water Convention, and previous system […]

  • 7 March 2013
    Vessels

    WiFi Wireless launches “Shipboard Management Systems” (SMS) division and has authorized Hong Kong Harvest Trading Company Ltd. Shanghai Office to submit bid to build a wireless local area network (LAN) on four LNG Ships, vessel type 173K. Construction is scheduled to begin this year. Hong Kong Harvest Trading is a professional marine equipment and system […]