Hong Kong and Shanghai listed China International Marine Containers finds itself with little room for manoeuvre following poor interim results for 2019. Prior to the state conglomerate turning in a 29.6% profit year-on-year to Rmb679.8m […]
Hong Kong-listed Singamas Container Holdings is to offload five of its companies to Cosco Shipping Financial Holdings for Rmb 3.8bn (US$565m). The company reckons it would likely emerge from the deal with a US$15m loss. […]
The world’s leading marine box manufacturer, Singamas Container Holdings saw its 2018 net profit increase to US$72.25m compared to US$45.45m in 2017. The improved profit was earned off the back of record revenues that reached […]
The change in ice conditions is opening the high Arctic as a trade route, fishing ground and potential tourism destination; but more infrastructure support is required to facilitate the provision of adequate insurance, says IUMI […]
Hong Kong-listed box manufacturer and logistics operator, Singamas Container Holdings has blamed rising material costs and the appreciation of the Renminbi for a US$2.1m loss in the first half of 2018, despite revenue of US$969.22m. […]
Hong Kong-listed Singamas Container Holdings Ltd, has issued a profit warning related to first-half 2017 earnings. The marine box maker is expected to report a marginal loss for the six months to 30 June 2018 […]
The port of Hong Kong has seen container volumes fall on a monthly basis for six months in a row, according top statistics provided by the Marine Department. During June the port handled 1.67m teu, […]
Shipping analyst VesselsValue has forecast upsides for LR1 tankers, handysize bulkers and panamax container ships. In its latest report the analyst said: The price of prime aged vessels is expected to rise over the next […]
Hong Kong-headquartered intra-Asia specialist SITC has made another foray into the newbuildings market with a brace of 2,400 teu containerships from China’s Yangzijiang Shipbuilding. SITC will pay a total US$58m for the two vessels, which […]
The most recent figures from Hong Kong Port show a deepening year-on-year decline in box volumes handled. In April Hong Kong Port handled 1.632m teu, a 9.3% fall in traffic compared to April 2017. Drilling […]
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