krogragg

Category: Hong Kong

  • BAL parent LC Logistics books $236m boxship duo

    BAL parent LC Logistics books $236m boxship duo Hong Kong-listed LC Logistics has ordered two 11,000 teu containerships from China in a deal worth about $236m. The vessels will be built by Shanghai Waigaoqiao Shipbuilding in partnership with the trading arm China Shipbuilding Trading Company. The newbuilds are scheduled for delivery by November 30, 2028…

  • Maersk and MSC handed temporary running of Hutchison’s Panamanian terminals

    Maersk and MSC handed temporary running of Hutchison’s Panamanian terminals Maersk and Mediterranean Shipping Co (MSC) have moved in to run key terminals at the entrances to the Panama Canal after Panama published a Supreme Court ruling annulling long‑running concessions held by CK Hutchison’s Panama Ports Company (PPC), clearing the way for an immediate handover…

  • Taylor Maritime chalks up 51st bulker sale

    Taylor Maritime chalks up 51st bulker sale London-listed dry bulk owner Taylor Maritime has agreed the sale of another handysize vessel, taking its total disposals since 2023 to 51 ships. Further details of the latest transaction will be released on completion, the company said in a stock exchange filing. At the same time, the Ed…

  • CK Hutchison warns Maersk off Balboa and Cristobal

    CK Hutchison warns Maersk off Balboa and Cristobal Hong Kong terminal operator CK Hutchison has escalated its fight over two Panama Canal terminals by warning A.P. Moller‑Maersk that any attempt by APM Terminals to assume operations without Hutchison’s consent would trigger legal recourse and claims for damages. In a public update, Hutchison said it had…

  • Tripartite partnership in Hong Kong targets hydrogen and green methanol

    Tripartite partnership in Hong Kong targets hydrogen and green methanol The Hong Kong and China Gas Company Limited (Towngas), Sinopec (Hong Kong) and Sinopec […] The post Tripartite partnership in Hong Kong targets hydrogen and green methanol appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • Tripartite partnership in Hong Kong targets hydrogen and green methanol

    Tripartite partnership in Hong Kong targets hydrogen and green methanol The Hong Kong and China Gas Company Limited (Towngas), Sinopec (Hong Kong) and Sinopec […] The post Tripartite partnership in Hong Kong targets hydrogen and green methanol appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • CK Hutchison launches arbitration after Panama court voids port concessions

    CK Hutchison launches arbitration after Panama court voids port concessions Hong Kong’s CK Hutchison has launched arbitration proceedings against the republic of Panama, escalating a deepening dispute over two key ports at the Panama Canal following a landmark Supreme Court ruling last week that invalidated its long-held concession contracts. The conglomerate disclosed early Wednesday that…

  • Panama court torpedoes CK Hutchison terminals deal

    Panama court torpedoes CK Hutchison terminals deal Panama’s Supreme Court has thrown CK Hutchison’s flagship Panama Ports Company (PPC) concession into limbo, ruling the Hong Kong group’s contract to operate terminals at either end of the Panama Canal unconstitutional. In a brief statement late Thursday, the court struck down the 25‑year extension granted to PPC…

  • Caravel tightens grip on Pacific Basin, rules out takeover bid

    Caravel tightens grip on Pacific Basin, rules out takeover bid Hong Kong conglomerate Caravel Group has increased its shareholding in Pacific Basin Shipping, strengthening its position as the largest shareholder in the dry bulk major while stressing it has no intention of launching a takeover of the company. The Angad Banga-led group confirmed it now…

  • Pacific Basin signs up for Chinese handysize newbuilds

    Pacific Basin signs up for Chinese handysize newbuilds Pacific Basin Shipping has turned to China for its latest newbuilding move, signing up a quartet of handysize bulk carriers in a break from its long-standing preference for Japanese yards. The Hong Kong-listed owner-operator of more than 250 bulkers has struck a deal at Jiangmen Nanyang Ship…

  • Hong Kong flag slumps 12.6% as Singapore surges ahead amid trade turmoil

    Hong Kong flag slumps 12.6% as Singapore surges ahead amid trade turmoil The latest World Fleet Monitor published by Clarksons Research confirms a switch in the leaderboard of shipping registers, with Donald Trump’s trade war with China seeing Singapore leapfrog Hong Kong into fourth spot.  After a very tough year, having been caught in the…

  • Calcarea captures crown at The Captain’s Table

    Calcarea captures crown at The Captain’s Table Calcarea has taken top honours at this year’s edition of The Captain’s Table, the maritime startup pitch competition held during Hong Kong Maritime Week and broadcast by Splash. The decarbonisation-focused company impressed judges with a shipboard carbon-capture concept that turns CO₂ into bicarbonate ions while vessels are underway.…

  • Flag-hopping hits extreme levels

    Flag-hopping hits extreme levels The monthly publication of Clarksons Research’s World Fleet Monitor increasingly shows data that reflects the extraordinary geopolitical challenges and machinations that shipping has to navigate in 2025. With flag-hopping becoming standard operating procedure for the shadow – or parallel – fleet, monthly changes in registry numbers have never been so extreme…

  • Planning for expansion, Canfornav opens Hong Kong office

    Planning for expansion, Canfornav opens Hong Kong office Canfornav, the Montreal-headquartered ship operator founded in 1976 as lumber trade specialist Canadian Forest Navigation, has big plans for expansion. Now a leading international dry bulk carrier connecting the Great Lakes and the St. Lawrence River to 900 ports around the world, it owns 30 lakes-suitable bulk…

  • Pacific Basin shifting half of bulker fleet to Singapore to limit US port fee exposure

    Pacific Basin shifting half of bulker fleet to Singapore to limit US port fee exposure Hong Kong-listed Pacific Basin Shipping is moving half of its bulker fleet to Singapore and reflagging vessels under its Singapore entity to reduce exposure to new US port fees introduced under the USTR Section 301 scheme. The move comes after…

  • Shipping arbitration landscape shifts beyond London

    Shipping arbitration landscape shifts beyond London London has maintained its position as the world’s top maritime arbitration hub, although new data from HFW shows Asia’s centres are closing the gap. The law firm’s sixth Maritime Arbitration in Numbers report analysed responses from 19 arbitral bodies across 18 jurisdictions. It found that while London remains dominant,…

  • NatPower Marine and Wah Kwong team up for Asian port electrification push

    NatPower Marine and Wah Kwong team up for Asian port electrification push NatPower Marine and Hong Kong-based shipowner Wah Kwong Maritime Transport have set up a joint venture to roll out large-scale shore power and vessel charging infrastructure across Asia. The new company, Wah Kwong NatPower, will start with projects in Hong Kong from 2026…

  • Shipping heavyweights invest in AI safety firm Captain’s Eye

    Shipping heavyweights invest in AI safety firm Captain’s Eye AI safety technology firm Captain’s Eye has completed its Series A funding round, bringing in backing from major shipping groups Eastern Pacific Shipping (EPS), MOL PLUS of Mitsui OSK Lines, and The Caravel Group. The investors, which collectively control or manage more than 1,700 ships, are…

  • Caravel and Celsius form LNG bunkering JV

    Caravel and Celsius form LNG bunkering JV The Caravel Group and Celsius Tankers have formed a joint venture to co-own and operate a new fleet of LNG bunkering vessels.  The joint venture has placed a firm order for two 20,000 cu m LNG bunker vessels at China Merchants Industry Holdings and China Merchants Heavy Industry…

  • Seaspan grows newbuild pipeline with 12-ship deal in China

    Seaspan grows newbuild pipeline with 12-ship deal in China Seaspan Corporation has inked a fresh round of newbuilding orders in China, adding twelve 9,000 teu containerships to its fleet pipeline. The vessels will be built at Hudong-Zhonghua Shipbuilding, part of China State Shipbuilding Corporation (CSSC), with deliveries slated to begin in 2028. The deal is…

  • CK Hutchison ports sale unlikely to be concluded this year

    CK Hutchison ports sale unlikely to be concluded this year The big ports deal involving CK Hutchison has hit choppy waters. The Hong Kong-based conglomerate confirmed yesterday that its planned sale of 43 global ports for just shy of $23bn is unlikely to be completed this year as previously hoped. The deadline for exclusive talks…

  • Property woes cast long shadow over China’s steel and iron ore demand

    Property woes cast long shadow over China’s steel and iron ore demand The fragile state of China’s real estate sector continues to weigh heavily on dry bulk fortunes. State-run developer China South City Holdings was ordered to liquidate by Hong Kong’s High Court yesterday, with debts nearing $8bn, making it the biggest Chinese builder by…

  • Hutchison faces court challenge for control of ports in Panama

    Hutchison faces court challenge for control of ports in Panama The future of two of Panama’s most strategic ports is hanging in the balance after president José Raúl Mulino said on Thursday that public-private partnerships could assume control of the Balboa and Cristobal terminals if the courts strike down the operating contract of Hong Kong-based…

  • CMA CGM eyes Hutchison Ports as MSC deal falters

    CMA CGM eyes Hutchison Ports as MSC deal falters French shipping and logistics giant CMA CGM has confirmed it is eyeing the potential acquisition of terminals from CK Hutchison, after exclusive talks between the Hong Kong conglomerate and a consortium led by BlackRock expired over the weekend.  The preliminary deal, first announced in March, involved…

  • Hutchison eyes Chinese strategic partner to get $22.8bn ports deal over the line

    Hutchison eyes Chinese strategic partner to get $22.8bn ports deal over the line CK Hutchison, the Hong Kong-based conglomerate, confirmed on Monday that it is in discussions to bring a “major strategic investor” from China into the bidding consortium for its $22.8bn global ports business. The move follows the expiration of a 145-day exclusivity agreement…

  • Hong Kong unveils new scheme to boost green marine fuel bunkering

    Hong Kong unveils new scheme to boost green marine fuel bunkering The Marine Department of the Hong Kong Special Administrative Region (HKSAR) has launched an incentive scheme for bunkering of green marine fuels. The post Hong Kong unveils new scheme to boost green marine fuel bunkering appeared first on Offshore Energy. Naida Hakirevic Prevljak Go…

  • Caravel Group sheds kamsarmax fleet

    Caravel Group sheds kamsarmax fleet Hong Kong conglomerate Caravel Group has sold two of its Chinese-built kamsarmax bulk carriers in a deal valued at about $41m. The Banga family’s dry bulk owner has let go of the 81,073 dwt Explorer Oceania and the 81,093 dwt Explorer Asia, with both ships built at Jiangsu Hantong in…

  • Pacific Basin signs methanol fuel deal with Towngas

    Pacific Basin signs methanol fuel deal with Towngas Hong Kong-based dry bulk shipping giant Pacific Basin has signed a memorandum of understanding (MOU) with The Hong Kong and China Gas Company Limited (Towngas) to secure supplies of green methanol, as the company moves to meet tightening international emissions standards. The deal outlines plans for Towngas…

  • Master of Chinese boxship accused of severing Baltic gas pipeline appears in HK court

    Master of Chinese boxship accused of severing Baltic gas pipeline appears in HK court The master of the Newnew Polar Bear, a Hong Kong-flagged boxship, has been taken into custody in Hong Kong for damaging a gas pipeline in the Baltic Sea 19 months ago. Wan Wenguo, 43, appeared at a court in Hong Kong…

  • Taylor Maritime offloads 11 ships

    Taylor Maritime offloads 11 ships London-listed dry bulk outfit Taylor Maritime has aligned its business with anticipated trade turbulence and taken advantage of improved market sentiment to sell 11 ships for $172.5m. The Ed Buttery-led company said that one bulker had already been delivered to its new owner, with the remaining 10 exiting the fleet…

  • Beijing vents fury at US port fees

    Beijing vents fury at US port fees Shipping spent the weekend digesting the news from the US where watered down plans to charge China-linked ships extra for American port calls have created considerable outrage in Beijing and Hong Kong, while causing consternation for members of the Ocean Alliance, one of the big groupings in container…

  • Seacon flips leased product tanker to SeaKapital

    Seacon flips leased product tanker to SeaKapital China’s Seacon Shipping is selling a bareboat chartered modern chemical and oil products carrier to Hong Kong shipowner and leasing specialist SeaKapital. The Hong Kong-listed, Qingdao-based owner and operator has struck a deal to offload the 2021-built 34,800 dwt MR1 Golden Daisy for roughly $32.9m. Seacon will first…

  • North Korean iron ore shipments spark sanctions

    North Korean iron ore shipments spark sanctions The government of South Korea has imposed sanctions on a non-flagged vessel the country seized for illegally transporting iron ore produced in North Korea. Sanctions were also imposed on two Chinese nationals, Sun Zhengzhe and Sun Feng, who operated the ship and Russian company LLC Consul DV, which…

  • Beijing looks to put the brakes on the sale of Hutchison Ports

    Beijing looks to put the brakes on the sale of Hutchison Ports Beijing has moved to prevent the sale of CK Hutchison’s ports division to BlackRock and Mediterranean Shipping Co (MSC), a transaction that was meant to have gone through tomorrow.  The decision last month by the Li Ka-shing-controlled conglomerate to sell 80% of Hutchison…

  • Caravel Group buys into Pacific Basin

    Caravel Group buys into Pacific Basin Hong Kong conglomerate Caravel Group has raided the local stock market to acquire a significant stake in fellow dry bulk giant Pacific Basin Shipping. Caravel Maritime Ventures, part of the Banga family’s Caravel Group, has picked up 388.5m shares, corresponding to a 7.53% stake in the Martin Fruergaard-led handysize…

  • Beijing blasts sale of Hutchison Ports

    Beijing blasts sale of Hutchison Ports CK Hutchison’s share price plunged today in Hong Kong following Beijing’s public criticism of its plans to sell the majority of its ports division to BlackRock and Mediterranean Shipping Co (MSC) for $22.8bn, bringing into question whether the transaction, the largest ports deal in history, will be completed. Hong…

  • ONE boxship collides with Maersk vessel in Hong Kong

    ONE boxship collides with Maersk vessel in Hong Kong On Saturday evening the 364 m long ONE Columba allided with the 6,600 teu Clifford Maersk in Hong Kong port with videos showing a number of containers falling off the Maersk ship. The accident happened as the ONE vessel was proceeding to berth, its bow ramming…

  • HMM takes Hosco newcastlemax

    HMM takes Hosco newcastlemax South Korean flagship line HMM has been linked to another secondhand purchase in the larger bulk carrier segment. Brokers report the Seoul-based company has snapped up the 2014-built newcastlemax Oriental Dragon from bulker owner Hebei Ocean Shipping Co (Hosco) in a deal valued at about $49.2m. Hosco bought the Imabari-built 207,800…

  • SeaKapital taps into LNG bunker market with six-unit strong order at Chinese yard

    SeaKapital taps into LNG bunker market with six-unit strong order at Chinese yard Hong Kong-based shipowner and leasing newcomer SeaKapital Holdings has placed an order for up […] The post SeaKapital taps into LNG bunker market with six-unit strong order at Chinese yard appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • SeaKapital signs for LNG bunker newbuilds

    SeaKapital signs for LNG bunker newbuilds Hong Kong shipowner and leasing specialist SeaKapital Holdings has embarked on a newbuilding project in the LNG bunkering sector. The company, set up by two of Hong Kong’s well-known shipping names, Sabrina Chao (pictured) and Kenneth Lam, has contracted up to six vessels at Ningbo Xinle Shipbuilding in China.…

  • Global Energy and Towngas team up for methanol bunker supply

    Global Energy and Towngas team up for methanol bunker supply Singapore’s Global Energy Trading, part of Global Energy Group, and The Hong Kong and China Gas Company (Towngas) have signed a memorandum of understanding (MOU) to develop green methanol supply solutions for the shipping industry across Asia. Towngas has a methanol production plant in Ordos,…

  • CSSC’s Wuhu Shipyard tapped by Kawa Shipping in $240M newbuilding order

    CSSC’s Wuhu Shipyard tapped by Kawa Shipping in $240M newbuilding order Hong Kong-headquartered container shipping line Kawa Shipping has reportedly booked three 4,800 TEU vessels […] The post CSSC’s Wuhu Shipyard tapped by Kawa Shipping in $240M newbuilding order appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • Royal Caribbean links up with CPN for B24 biofuel delivery

    Royal Caribbean links up with CPN for B24 biofuel delivery Cruise holding company Royal Caribbean Group has teamed up with bunker service provider Chimbusco Pan Nation Petro-Chemical (CPN) for B24 marine biofuel delivery in Hong Kong. The post Royal Caribbean links up with CPN for B24 biofuel delivery appeared first on Offshore Energy. Ajsa Habibic Go…

  • Shipmanagement veteran Marcel Liedts dies

    Shipmanagement veteran Marcel Liedts dies Marcel Liedts, a well-known name in shipmanagement circles, has passed away. As one of the key architects of Anglo-Eastern, alongside Peter Cremers and Richard Wong, Liedts served the Hong Kong-based shipmanagement giant for more than 30 years. He joined Anglo-Eastern in the mid-1980s and played an instrumental role in shaping…

  • Hilong launches $8m counterclaim against Vallianz in AHTS charter dispute

    Hilong launches $8m counterclaim against Vallianz in AHTS charter dispute Singapore OSV owner and operator Vallianz is facing a legal challenge in a vessel charter dispute with Hilong Marine Engineering. The company said in a stock exchange filing that its subsidiary, Vallianz Offshore Marine, has been served with a counterclaim of $8.1m from the subsidiary…

  • Pacific Basin orders methanol dual-fuel ultramaxes

    Pacific Basin orders methanol dual-fuel ultramaxes Hong Kong-based dry bulk shipping giant Pacific Basin has ordered four methanol dual-fuel ultramaxes at Japan’s Nihon Shipyard for delivery between 2028 and 2029.  Two of the 64,000 dwt vessels are contracted jointly with Nihon Shipyard and Imabari Shipbuilding, and the other two newbuilds are agreed with Japanese trading…

  • SeaQ wins this year’s Captain’s Table 

    SeaQ wins this year’s Captain’s Table  SeaQ, a safety data collection tool created by PsyFyi, was crowned this year’s winner at the Splash-televised finals of the maritime pitch competition, The Captain’s Table, in one of the top events at the ongoing Hong Kong Maritime Week. SeaQ is a data collection and reporting tool complied anonymously…

  • The Greater Bay Area and shipping in the spotlight

    The Greater Bay Area and shipping in the spotlight Why working with nearby southern Chinese cities is an imperative for Hong Kong. The latest installment from our brand new magazine being distributed across Hong Kong Maritime Week. The Greater Bay Area, Beijing’s attempt to unite nine cities in Guangdong with Hong Kong and Macau into…

  • Watch the finals of The Captain’s Table live on Splash today

    Watch the finals of The Captain’s Table live on Splash today The Captain’s Table 2024 Pitch Competition will air today on Splash live from Hong Kong . This year will see the sixth cohort of startups pitching live from 4pm Hong Kong time to a global, in person audience in Hong Kong and online. The…

  • Angad Banga identifies Hong Kong’s maritime needs

    Angad Banga identifies Hong Kong’s maritime needs The local shipowner association in Hong Kong has been in regular dialogue with government to foster better maritime conditions. The latest installment from our brand new magazine being distributed across Hong Kong Maritime Week. Angad Banga is mid-way through a two-year tenure as chairman of the Hong Kong…

  • Hong Kong’s role in global ship finance

    Hong Kong’s role in global ship finance The city has plenty of core strengths when it comes to providing capital to shipping. The latest installment from our brand new magazine being distributed across Hong Kong Maritime Week. Hong Kong has a long tradition of providing shipping finance and progress has recently been made to attract…

  • Fleet Management at 30: How the business of shipmanagement is changing in the 2020s

    Fleet Management at 30: How the business of shipmanagement is changing in the 2020s Splash has launched a special publication to celebrate the 30th anniversary of Fleet Management, the world’s second-largest shipmanager. The new magazine comes at a pivotal time for the Hong Kong manager as it prepares for a change of leadership with Kishore…

  • Splash launches bumper Hong Kong magazine

    Splash launches bumper Hong Kong magazine Ahead of Hong Kong Maritime Week, Splash today publishes an 80-page magazine on the Special Administrative Region. Recent weeks have seen plenty of much needed focus on reestablishing Hong Kong as a leading international maritime centre (IMC). The climb back up the ranks will not be easy, but finally…