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Cosco net profit soars 85%
Lloyd's List - 03/08/10
STRONGER performance in shipbuilding as well as improved fortunes in its dry bulk shhipping business led Singapore-listed Cosco Corp to post an 85% year-on-year increase in net profit to S$68.4m ($50.6m) in the second quarter this year.
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China Steel Products Exports Rose in June
Steel Home - 15/07/10
China imported 1.47 million tonnes of steel products in June, 2010, down 9.8 percent or 160,000 tonnes year on year; while rising 110,000 tonnes month on month.
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Chinese Steel Demand To Peak In 2024; Ebb Slowly
Dow Jones - 15/07/10
Chinese steel demand will peak in 2024 in a range of 700-800 kilograms per person, doubling the per capita level of use in 2008 of 375 kg, and then decline only slowly in following years, according to an analysis on China's metal intensity use presented Wednesday by Westpac Banking Corp.
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Cosco Shipping profits surge
Lloyd's List - 12/07/10
SHANGHAI-listed Cosco Shipping, the specialist shipping offshoot of China Ocean Shipping Group, posted a 54.4% increase in net profit to Yuan145.6m ($21.6m) in the first quarter of this year from Yuan94.3m in the same period a year earlier, writes Hui Ching-hoo in Hong Kong.
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Growth in Asia Structural, not cyclical says London Metal Exchange chief
Lloyd's List - 12/07/10
GROWTH in demand for commodities including metals in Asia is surging as nations ramp up infrastructure spending, according to the head of the London Metal Exchange, the biggest marketplace for industrial metals, Bloomberg reports.
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JES Secures Six Newbuild Orders
09/07/10
Shanghai Baosteel Shipping in China signed optional contracts for a pair of 23,000dwt units after previously striking a deal for three other vessels.
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Zhuhai Port to spend $3.6bn on new piers
Lloyd's List - 08/07/10
ZHUHAI Port, China's southern major water gateway, which is located 140km southwest of Guangzhou, plans to invest up to Yuan25bn ($3.6bn) over the next five years to build 25 piers in a move designed to cope with the increase in water traffic in the Xijiang River, a tributary of the Pearl River in southern China.
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Lift for Asia steelmakers
Lloyd's List - 08/07/10
CONTINUED growth in regional demand, particularly from China, will give rise to a stable outlook for Asia's steel industry, according to a report from Moody's Investors Service, writes Colum Murphy.
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Dayang raises sales target
Lloyd's List - 08/07/10
DAYANG Shipbuilding, an offshoot of China's 10th-largest shipbuilder Sinopacific Shipbuiling, is targeting sales revenue of Yuan10bn ($1.5bn) this year compared with Yuan8bn last year on the back of the recovery in new orders, writes Hui Ching-hoo.
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Cargo throughput rises at China's leading ports
Lloyd's List - 08/07/10
CHINA's top three ports of Shanghai, Ningbo and Tianjin saw significant rebounds in total cargo throughput in the first half of this year thanks to the resurgence in the country's International trade and the thriving domestic economy.
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CSG widens Evergreen deal
Lloyd's List - 08/07/10
CHINA Shipping Group will deploy more resources into its collaborative operations with Evergreen Marine, writes Hui Ching-hoo.
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CIMC Raffles targets $100m from rights issue
Lloyd's List - 07/07/10
SINGAPORE-headquartered offshore project designer and builder CIMC Raffles Offshore (Singapore), which is 32% owned by Yantai Raffles Shipyard founder Brian Chang's family, hopes to raise up to $100.5m in a rights issue aimed at financing expansion of its shipyards in China's northern Shangdong province as well as strengthening its cash position, said a statement on the company's website.
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CJSG seals chemicals deal
Lloyd's List - 07/07/10
CHINA's largest inland shipping company, Chang Jiang Shipping Group Phoenix, has secured a strategic framework agreement with Hubei Yihua Group transport chemicals in the Yangtze River delta for the country's largest chemical fertiliser producer, writes Hui Ching-hoo.
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Qingdao volumes rise
Lloyd's List - 06/07/10
CHINA's fifth largest port in terms of total cargo throughput, Qingdao, posted an increase of 8.7% in cargo handling volume to 170m tonnes in the first half this year from 156.4m tonnes in the same period a year earlier on the back of more diversified cargo sources, writes Hui Ching-hoo.
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China Merchants buys Australian pallet maker
Lloyd's List - 06/07/10
CHINESE ports and logistics conglomerate China Merchants Group has acquired Australian pallet maker Loscam in a move to break into the pallet pooling business, writes Hui Ching-hoo.
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China on expansion drive for imports
Lloyd's List - 09/06/10
RECENT business history has been littered with those who underestimate China's energy hunger, and that nation's capacity to learn the technical skills of production quickly, writes Tom Leander.
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Cosco wins contracts worth $100m for FPSO conversions
Lloyd's List - 03/06/10
CHINESE shipbuilder Cosco Shipyard Group will convert two vessels into floating production storage and offloading vessels after securing contracts with a combined value of more than $100m from two shipowners.
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MOL adds bulkers as China drives demand
Lloyd's List - 28/05/10
MITSUI OSK Lines has reiterated plans to expand its bulk carrier fleet in line with growing demand from China, writes Colum Murphy in Hong Kong.
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China Merchants inks Wuhan deal
Lloyd's List - 26/05/10
CHINA's leading terminal conglomerate, China Merchants Group, has entered into an agreement with Wuhan New Port in Hubei province to develop a duty-free port zone at Yangluo port.
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Jiangsu Hantong snaps up order for seven bulkers
Lloyd's List - 25/05/10
CHINA's privately owned Jiangsu Hantong Ship Heavy Industry has secured an order for seven 57,000 dwt dry bulk carrier from a US-based shipowner, writes Hui Ching-hoo in Hong Kong.
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