Finance

Clear Robotics, a Hong Kong founded maritime technology company, announced that it closed a US$1.75m Pre-Series A funding round to scale its commercially proven fleet of AI-enabled autonomous vessels globally. Led by maritime-focused Shipsfocus Ventures, […]

Wah Kwong Maritime Transport Limited has inked a contract with China Shipbuilding Trading Co., Ltd, a subsidiary of China State Shipbuilding Corporation, together with Dalian Shipbuilding Industry Co Ltd, for the construction of two 114,000 […]

Hong Kong’s Orient Overseas (International) Ltd (OOIL) has ordered 12 neo-panamax container ship newbuilds for a cost of US$2.2bn. The 13,600 teu, dual-fuel LNG vessels, priced at US$165m each will be built at CSSC’s Hudong […]

Hong Kong-listed Pacific Basin Shipping has reappraised its newbuilding program in light of the failed attempt by the IMO to get its net zero framework approved in October last year, and the absence of clarity […]

Hong Kong-listed SITC International has decided to take up an option on six 1,100 teu feeder vessels each valued at US22.8m, under an existing deal with Yangijiang Shipbuilding Group, subsidiaries Jingsu New Yangzi Shipbuilding and […]

Hong Kong-listed Seacon Shipping is boosting its fleet with the addition of four multipurpose vessels originally contracted to H&C Marine Engineering of Singapore and Hong Kong’s FLC Shipping. Through an indirect subsidiary, Seacon Has entered […]

Revenue for Orient Overseas Container Line fell by nearly 26 % during the third quarter of this year despite liftings edging up 0.7% and loadable capacity growing by 4.2%. OOCL’s revenue for the third quarter […]

Hong Kong-listed TS Lines has inked orders for four mid-sized containerships at China’s CSSC Huangpu Wenchong shipbuilding. Each 5,300 teu vessel, built to a “super eco” design, will cost US$61.3m. Deliveries are scheduled between June […]

Hong Kong-listed SITC International Holdings, subsidiary SITC Shipping has signed contracts with China’s Huanghai Shipbuilding for four 2,700 teu containerships at a total cost of US$152.7m or US$38.18m per vessel.  This latest order brings the […]

Hong Kong-based CSSC Shipping has signed a deal with Qingdao Beihai Shipbuilding and China Shipbuilding Trading for two Newcastlemax newbuildings.  The Hong Kong-listed leasing arm of China State Shipbuilding Corporation (CSSC) will pay RMB528m (US$73.5m) […]