CIMC HK has entered into an agreement to sell 15% equity interest in its wholly-owned CIMC Offshore to China’s state-owned Future Industry Investment Fund.

Shandong Twin Marine (SDTM), subsidiary of Shandong Ocean Equipment, has ordered three decommissioning semi-submersible vessels from CIMC Raffles.

China International Marine Containers (CIMC) sank to a loss in the first nine months of 2016 despite managing a profit during the third quarter, due mainly to provision made to a botched acquisition deal.

China International Marine Containers (Group) Co (CIMC) has penned a strategic cooperation framework agreement with Global Logistics Properties Investment Management (China) Co (GLP China) to jointly develop logistics property business.

China International Marine Containers (CIMC) has warned investors of a significant loss for its first half ended 30 June 2016, as against the profit recorded in the same period of 2015.

CIMC Enric has decided to abort its planned acquisition of Sinopacific Offshore & Engineering (SOE), after signing memorandums of understanding in August 2015 to take over the Chinese engineering yard.

China International Marine Containers (CIMC) has posted lower earnings in 2015 as contributions from its various businesses fell due to lacklustre international trade and investment.

There is change at the top of Hong Kong-listed CIMC. Chairman and non-executive director Li Jianhong resigned on 24 December.

CIMC Enric Holdings has agreed to provide RMB1.5bn ($231.7m) in financial assistance to Sinopacific Offshore & Engineering (SOE), its soon-to-be acquired subsidiary.

A subsidiary of Malaysia’s Coastal Contracts is claiming $5.65m from China’s Yantai CIMC Raffles Offshore and Dynamic Driller over delays and technical non-conformities of a newly-built jack-up drilling rig.