Search results for: SIPG

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  • 5 January 2018
    Business & Finance

    Moody’s said SIPG’s acquisition of a 50% stake in Shanghai Xingwaitan is credit negative.

  • 13 July 2015
    Business & Finance

    The Board of Directors of the Shanghai-listed Shanghai International Port (Group) (SIPG) has unanimously approved the company’s plan to buy 79.2% of Shanghai Jinjiang Shipping (Group) for up to CNY 1.94 billion (USD 312.5 million). SIPG plans to buy a 48% stake in Jinjang Shipping currently owned by Shanghai International Group for CNY 1.18 billion, as well as a 31.2% stake held by Shanghai […]

  • 20 November 2017
    Business & Finance

    China’s announced cut in the handling tariff for import and export containers is credit negative for Shanghai International Port (Group) (SIPG), Moody’s rating agency said. However, the cuts, unveiled by China’s National Development and Reform Commission (NDRC) earlier in November, will not immediately affect SIPG’s A1 issuer rating or the A2 backed senior unsecured bond ratings of […]

  • 12 August 2011
    Business & Finance

    In this year’s ‘Global Container Terminal Operators’ annual report, Drewry Maritime Research has introduced an additional ranking of terminal operators which includes SIPG, China Merchants​, Modern Terminals and Ports America in the Top 10. The Drewry World Container Terminal Ownership Ranking has been derived by including all companies with equity teu of more than one […]

  • 9 April 2020
    Innovation, Technology

    Tech firm CargoSmart Limited has carried out a pilot project with ocean carrier COSCO Shipping Lines using blockchain to share shipment data with a terminal operator in real-time. Apart from COSCO, Shanghai International Port Group (SIPG), and Tesla (Tesla) took part in the project which took place in December 2019. As part of the process, […]

  • 13 July 2015
    Business & Finance

    The Board of Directors of the Shanghai-listed Shanghai International Port (Group) (SIPG) has unanimously approved the company’s plan to buy 79.2% of Shanghai Jinjiang Shipping (Group) for up to CNY 1.94 billion (USD 312.5 million). SIPG plans to buy a 48% stake in Jinjang Shipping currently owned by Shanghai International Group for CNY 1.18 billion, as well as a 31.2% stake held by Shanghai […]

  • 18 April 2014
    Business & Finance

    Tsuneishi Group has received orders for four 1,020 TEU container carriers from the Hong Kong-based subsidiary of Shanghai International Port (Group) Co., Ltd. (SIPG). The four ordered vessels feature latest improvements in fuel efficiency. Reductions in both fuel consumption and nitrogen compounds contained in gas emissions are achieved by applying an engine in which fuel […]

  • 6 December 2017
    Business & Finance

    The European Commission has given the green light to COSCO Shipping’s bid to take over OOCL.

  • 20 January 2015
    Business & Finance

    China’s Port of Shanghai has wrapped up the year with a new record in the number of handled containers reaching 35.2 million milestone, Bloomberg reports. Thus, the port managed to yet again surpass the volumes handled by its nearest box counterpart Singapore that amounted to 33.9 million. This further broadens the gap between the two ports compared […]

  • 19 June 2007

    Shanghai International Port Group (SIPG) may be aiming to wrap up its stake acquisition deals with a Belgian container terminal by the end of the year, according to industry speculation.

  • 24 October 2017
    Business & Finance

    COSCO Shipping Holdings’ takeover bid for Orient Overseas International Limited (OOIL) has passed the anti-trust review in the United States, the company said. The go-ahead comes after COSCO Holdings’ shareholders approved the deal at the extraordinary general meeting held on October 16. The takeover offer was made in July this year when COSCO Shipping Holdings and Shanghai International […]

  • 18 October 2017
    Business & Finance

    The shareholders of COSCO Shipping Holdings Co. passed special resolutions at the extraordinary general meeting held on October 16, approving the takeover bid of Orient Overseas (International) Limited. The takeover offer was made in July this year when COSCO Shipping Holdings and Shanghai International Port Group (SIPG) placed a pre-conditional voluntary general offer to acquire all issued OOIL’s shares […]

  • 11 July 2017
    Business & Finance

    The latest shipping market combination between COSCO Shipping Holdings and Orient Overseas International Lines (OOIL) would become the world’s third largest container carrier if finalized, according to shipping consultancy Drewry. The entity, which would have a combined fleet of 400 vessels operated over a much expanded network, with capacity exceeding 2.9 million TEUs including orderbook, would overtake its partner in the […]

  • 15 July 2009

    Shanghai International Port, mainland China’s largest port operator by volume, has introduced a system whereby its largest clients are able to store their empty container boxes at its ports with virtually no charges in a bid to maintain the appearance of keeping container volume high. In this environment, the empty-container plan is said to allow […]

  • 11 November 2009

    Royal Caribbean Cruises has announced that the company has signed a Memorandum of Understanding with Shanghai International Port (Group) (SIPG). The memorandum will strengthen the strategic partnership between the two parties in areas of cruise operations in port, market promotion, staff training and management experience exchange. This cooperation will open more gateways to overseas visitors […]

  • 27 February 2020
    Business & Finance

    Nine ocean carriers and terminal operators have signed a shareholders’ agreement.

  • 8 September 2017
    Business & Finance

    China’s State‑owned Assets Supervision and Administration Commission (SASAC) has approved the bid from COSCO Shipping Holdings Co to take over Orient Overseas (International) Limited. Under the offer launched in July, COSCO Shipping Holdings and Shanghai International Port Group (SIPG) seek to acquire all issued OOIL shares at an offer price of HKD 78.67 (USD 10.07) in cash, totaling in […]

  • 9 July 2017
    Business & Finance

    China’s COSCO Shipping Holdings and Shanghai International Port Group (SIPG) have made a pre-conditional voluntary general offer to acquire all issued Orient Overseas International Lines’ (OOIL) shares at an offer price of HKD 78.67 (USD 10.07) in cash.  The offer, made to all shareholders of the world’s seventh largest container shipping line would total in USD 6.3 billion. On […]

  • 9 July 2018
    Business & Finance

    The US-based interagency committee clears COSCO’s proposed acquisition of Orient Overseas International Ltd (OOIL). 

  • 24 March 2015
    Business & Finance

    Operator of China’s largest port Shanghai International Port Group (SIPG) has won a tender to operate the new port being developed in Haifa Bay, Israel Ports Company said on Monday. The construction of the new port is scheduled to begin this year and the port is expected to start operations in 2021. According to the country’s Minister […]

  • 2 April 2014

    Executives from A.P. Moller – Maersk Group and China Shipping met in the Royal Palace in Belgium for a formal signing ceremony to expand discussions on new container terminal projects to potentially collaborate in as joint venture partners. China Shipping operates China Shipping Terminal and China Container Shipping Lines and is seeking to expand its […]

  • 26 July 2018
    Business & Finance

    COSCO Shipping has taken the helm at OOCL as it acquired a majority stake in the company.