Search results for: csdc

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  • 21 April 2016
    Business & Finance, Equipment

    Aqualis Offshore and China Ship Design & Research Center (CSDC) have signed an agreement to cooperate on engineering projects both in China and internationally. CSDC specialises in shipbuilding and offshore engineering services. It is a subsidiary company of China Shipbuilding Industry Corp (CSIC). Aqualis Offshore, part of Oslo-listed Aqualis ASA, is a specialized offshore marine […]

  • 21 April 2016
    Business & Finance

    Aqualis Offshore and China Ship Design & Research Center Co. (CSDC) have signed an agreement to cooperate on engineering projects both in China and internationally. CSDC specialises in shipbuilding and offshore engineering services. It is a subsidiary company of China Shipbuilding Industry Corp (CSIC), a shipbuilding group in China. Aqualis Offshore is a specialized offshore […]

  • 22 April 2016
    Business & Finance, Research & Development

    Aqualis Offshore and China Ship Design & Research Center (CSDC) have signed an agreement to cooperate on offshore engineering projects both in China and internationally which could potentially include wind farm installation vessels. Under the agreement, Aqualis Offshore and CSDC will cooperate in the fields of engineering, project management, research, innovation and marketing. A key objective […]

  • 1 July 2014
    Project & Tenders, Vessels

    China Shipping Development (CSDC), a unit of China Shipping Group, has decided to order three LNG carriers for the Yamal LNG project in Russia, the company said in a statement. CSDC said that the shipbuilding contracts and the time charter deals for the three LNG carriers will be officially signed this month. The three carriers will […]

  • 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 […]

  • 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 […]

  • 21 March 2013
    Business & Finance

    Driven by a desire to expand its LNG transportation business, China Shipping Development Co (CSDC) announced a USD 1.2 billion investment intended for construction of six LNG carriers at Hudong Zhonghua Shipbuilding Group, Seatrade-global writes. The announcement comes after CSDC had announced earlier this week that it intends to engage in new LNG transportation projects, […]

  • 23 July 2014
    Vessels

    China Shipping Development Company (CSDC) has guaranteed orders for three LNG newbuilds, being built by DSME for the Yamal LNG project. Total consideration for the construction of  the ice-class vessels is close to US$1 billion. “The total aggregate liability of the Company under the Corporate Guarantees will not exceed US$490 million,” CSDC said in a […]

  • 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 […]

  • 1 February 2016
    Business & Finance

    Shanghai-based shipping company China Shipping Development Co (CSDC) expects a positive profit for 2015 in light of a strong tanker shipping market, the company said. CSDC said that 2015 net earnings are expected to be between CNY 320 million (USD 48.6 million) and CNY 400 million (USD 60.7 million). The number would represent an increase […]

  • 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 […]

  • 7 March 2017
    Business & Finance

    Owner and operator of LNG carriers Golar LNG has entered into a sale and leaseback agreement for the 2014-built Golar Crystal with Hong Kong-based Cosco Shipping Development Co (CSDC). Under the deal, the CSDC is paying USD 187 million for the 160,000 m3 liquefied natural gas carrier, which will be chartered back to Golar LNG for […]

  • 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 […]

  • 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 […]

  • 21 May 2015
    Business & Finance

    China Cosco Holdings and China Shipping Development Co (CSDC) have agreed to establish a joint venture company in Singapore that would focus on transportation of iron ore and other dry bulk shipping activities. The joint venture would be named China Ore Shipping. Majority stake in the JV would be taken by Cosco, 51%, and 49% would be […]

  • 21 March 2013

    China Shipping Development Co (CSDC) is continuing with the promotion of its LNG business. Namely, the company has revealed its plans to invest $ 1.2 billion by June in the construction of six LNG carriers. Hudong Zhonghua Shipbuilding Group, as the only Chinese shipyard that has built LNG tankers, was selected to build the vessels. The […]

  • 25 October 2011

      China Shipping Development Company (CSDC) has splashed RMB700m ($110m) to buy four bulk carriers of 45,000 dwt each from Chinese shipyards… (Seatrade-Asia) [mappress] Source: Seatrade-Asia, October 25, 2011

  • 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. […]

  • 27 October 2011

    China Shipping Development Company (CSDC) has penned an order to build a 76,000 dwt bulk carrier worth approximately RMB229.3m ($36.1m… (seatrade-asia) [mappress] Source: seatrade-asia, October 27, 2011;

  • 27 October 2011

      China Shipping Development Company (CSDC) has penned an order to build a 76,000 dwt bulk carrier worth approximately RMB229.3m ($36.1m). The… (Seatrade-Asia) [mappress] Source: Seatrade-Asia, October 27, 2011

  • 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 […]

  • 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 […]