Search results for: Sinotrans

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  • 29 December 2015
    Business & Finance

    China Merchants Group’s acquisition of Sinotrans & CSC Holdings Co has received official clearance from the Chinese government, the state asset regulator said on Tuesday. Hong Kong-listed Sinotrans informed that it has been notified by the state-owned Assets Supervision and Administration Commission of the State Council (SASAC) of the Council’s approval of the “reorganisation between Sinotrans & CSC and […]

  • 11 January 2019
    Business & Finance

    The High Court of Hong Kong has sanctioned the proposed privatization of Sinotrans Shipping Limited.

  • 19 October 2018
    Business & Finance

    Sinotrans Shipping Limited informed that its privatization plans have hit a snag.

  • 28 January 2011

    Nanjibg Port Authority has selected logistics giant Sinotrans ahead of Cosco to revamp the river port. Two sides have signed a restructuring agreement whereby Sinotrans will pump in cash for US$155 million, reports Xinhua. The authority will restructure, corporatise and become Nanjing Port Group Co. Ltd, with Sinotrans taking a 45 per cent stake in […]

  • 20 September 2018
    Business & Finance

    Sinotrans Shipping, part of Sinotrans & CSC Holdings, has unveiled the possibility of a privatization.

  • 22 December 2015
    Vessels

    One of China’s largest shipping companies, Sinotrans said it signed deals on Monday with Dynagas and CLNG for the construction of five LNG carriers for Russia’s Yamal project.

  • 30 September 2015
    Business & Finance

    Hong Kong-listed Sinotrans Shipping Limited today entered into six new shipbuilding agreements with Shanhaiguan New Shipbuilding Industry, a subsidiary of China Shipbuilding Industry Corporation, to construct six 38,800 dwt dry bulk carriers. Each Handysize is valued at around USD 23.2 million, adding up to an aggregate consideration of about USD 139 million. The deliveries are expected to take place […]

  • 30 September 2015
    Business & Finance

    Hong Kong-listed Sinotrans Shipping Limited today entered into six new shipbuilding agreements with Shanhaiguan New Shipbuilding Industry, a subsidiary of China Shipbuilding Industry Corporation, to construct six 38,800 dwt dry bulk carriers. Each Handysize is valued at around USD 23.2 million, adding up to an aggregate consideration of about USD 139 million. The deliveries are expected to take place […]

  • 30 September 2015
    Business & Finance

    China’s ship owner and operator Sinotrans Shipping Limited has entered into four new shipbuilding agreements with CSSC Huangpu Wenchong Shipbuilding Company Limited, a subsidiary of China State Shipbuilding Corporation, to construct four energy-saving container vessels. The containerships will feature 1,900 TEU in capacity and will cost each USD 24.5 million totaling in USD 98.2 million. Honk Kong-listed Sinotrans said […]

  • 7 January 2013

    Rumor has it that one of Chinese biggest integrated logistics service supplier Sinotrans CSC is in talks with China State Shipbuilding Corporation (CSSC) on a deal comprising construction of 10 supramax bulkers, SinoShip News reports. The order includes four 64,000dwt bulkers with two optional ones at CSSC Chengxi Shipyard followed by construction of four (2+2) […]

  • 11 April 2017
    Business & Finance

    The long-awaited merger agreement between China Merchants Group and Sinotrans & CSC Holdings was finalized on April 10, according to a statement released by Sinotrans Shipping Limited. With the strategic reorganisation, China’s Sinotrans & CSC became a wholly-owned subsidiary of Hong Kong-based China Merchants. The merged corporation is expected to further improve the competitiveness of China’s state enterprises and […]

  • 14 August 2015
    Business & Finance

    Hong Kong-listed Sinotrans Shipping ended the first half of 2015 with USD 18.3 million net loss, as compared to USD 2.3 million net profit for the same period a year earlier, due to a dip in revenues from operations of the company’s dry bulk and container shipping segments. The company’s overall revenue dropped by 19% to […]

  • 21 January 2020
    Business & Finance

    CMES has decided to integrate the shipping assets of its subsidiary Sinotrans & CSC Holdings.

  • 18 March 2015
    Business & Finance

    Hong Kong-listed Sinotrans Shipping turned a USD 1.86 million net profit in 2014 despite an 8% drop in revenue, which stands at USD 1.21 billion. In 2013, the dry bulk and container shipping company posted a USD 0.64 million loss. Even though the annual operating loss was USD 27.6m, investment gains from the cash raised through the 2007 […]

  • 7 January 2013

    Rumor has it that one of Chinese biggest integrated logistics service supplier Sinotrans CSC is in talks with China State Shipbuilding Corporation (CSSC) on a deal comprising construction of 10 supramax bulkers, SinoShip News reports. The order includes four 64,000dwt bulkers with two optional ones at CSSC Chengxi Shipyard followed by construction of four (2+2) […]

  • 31 October 2014
    Business & Finance

    China’s Sinotrans and German E.R. Group signed agreements on a long term cooperation on their bulk activities. E.R. Group sold two of its ten modern Capesize vessels to Sinotrans for USD 49.25 million each. A third vessel, the “E.R. Buenos Aires”, will start a medium term time charter with the Hong Kong based operator from 1st quarter […]

  • 2 November 2015
    Business & Finance

    Chinese shipping and logistics conglomerate Sinotrans & CSC Holdings has signed four contracts that will involve construction of 12 new ships at one of the largest shipbuilders in China, the company said today. Namely, the company announced signing of contracts with the China Shipbuilding Industry Corporation (CSIC) for six 38,000-ton woodchip carriers, four 1900 TEU containerships and two 50,000-ton oil tankers. Details […]

  • 21 September 2015
    Vessels

    One of China’s largest shipping companies, Sinotrans Shipping informed it is in negotiations to take part in a joint venture to commission the building of five Arctic LNG carriers. The company said in a statement on Monday it is in talks with “certain parties in relation to participation in a possible joint venture to commission […]

  • 30 September 2015
    Business & Finance

    China’s ship owner and operator Sinotrans Shipping Limited has entered into four new shipbuilding agreements with CSSC Huangpu Wenchong Shipbuilding Company Limited, a subsidiary of China State Shipbuilding Corporation, to construct four energy-saving container vessels. The containerships will feature 1,900 TEU in capacity and will cost each USD 24.5 million totaling in USD 98.2 million. Honk Kong-listed Sinotrans said […]

  • 25 January 2016
    Business & Finance

    A state-owned shipping operator China Merchants Energy Shipping (CMES) said that it expects a 450 to 500 percent rise in its net profit for the 2015 financial year. CMES’s net profit should amount to some USD 180 million, compared to a net profit of USD 30.5 million in 2014, the Shanghai-listed company said in a stock filing. CMES […]

  • 21 January 2020

    China Merchants Energy Shipping (CMES) has decided to carry out a 6.57 billion Chinese yuan ($952 million) asset acquisition which includes equity in five Arctic LNG carriers. 

  • 7 January 2014

      Chinese state-owned shipbuilding enterprise Jinling Shipyard, a subsidiary of China Chang Jiang National Shipping corporation, has received an order to build four 64,000 dwt bulkers from Sinotrans Shipping, Sea Trade Global writes.   The timing of the order, worth $103.2 million, is sparked by a relatively low price trend with respect to building new […]