With the coronavirus still in its early stages of the outbreak, global seaborne trade is already reeling from an immediate consequence of dropping demand and freight rates, though the medium to long term implications remain “immensely difficult”...
China’s Ningbo-Zhoushan port recorded 1.12bn tonnes of cargo throughput last year, ranking it as the world’s busiest port for eleven consecutive years.
The former southern shipbuilding group CSSC of the newly restructured China State Shipbuilding Corporation has obtained approval from China Securities Regulatory Commission (CSRC) on an internal restructuring plan.
Shanghai Chuanbo Assets Management Company has won the bidding to take over the bankrupt shipping company, Guangdong Fenghai Shipping, at a price of RMB1.3bn ($187.2m).