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News on the Chinese Shipping Industry

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Still keen to float

Amid oligarch superyacht seizures Ferretti persists with Hong Kong IPO
Apr 1, 2022 (WiC 579)

Money can’t buy you happiness, but it can buy you a yacht big enough to pull up right alongside it,” David Lee Roth, lead singer of the rock band Van Halen, once quipped. Big boat ownership has taken on a more troublesome turn in 2022, as ...

Thinking out of the box

Chinese exporter decides best way forward is to buy its own container ship
Feb 11, 2022 (WiC 572)

Not many companies own their own cargo ships if their primary business isn’t logistics. Oil and gas giant Shell is one of the few that has ships of its own; the mining giant Glencore is another. But none of that has deterred Ningbo-based ...

Congestion charges

Top shipping analyst discusses why container rates are surging
Sep 10, 2021 (WiC 555)

The world’s supply chains are in crisis. Long delays in the shipping of containers mean there is a real possibility of shops having empty shelves in the lead-up to Christmas. The hold-ups are already feeding spikes in the prices of many goods, ...

The mother of all bottlenecks

Covid outbreak in Guangdong sees freight rates surge as vessels idle
Jun 18, 2021 (WiC 545)

The shipping industry has spent the last 18 months in crisis mode because of the pandemic, made worse by an accidental blockage of the Suez Canal in March that held up more than $50 billion in trade. Yet problems at one of the world’s ...

Cosco’s results show the container shipping industry is booming again
Apr 16, 2021 (WiC 536)

Many of the world’s e-commerce firms have been big commercial beneficiaries of the Covid-19 pandemic. There is another sector that is not far behind in profiting from the pandemic, although it hasn’t been recognised by investors until ...

The shipping industry hoped for a recovery in 2020 – then the virus struck
Feb 21, 2020 (WiC 483)

The shipping news is in – and it’s not very good. Hong Kong-based expert Tim Huxley – the founder of Mandarin Shipping and a long-time WiC reader – discusses the devastating effect that Covid-19 is having on the maritime ...

The blue horizon

CM Ports looks overseas for growth in M&A push
Dec 6, 2019 (WiC 477)

For the past three years China Merchants Ports Holdings (CM Ports) has been looking for shelter from the storm. Externally, it has been hit by the Sino-US trade war, which has accelerated the shift of supply chains from China to lower-cost ...

Rocking the boat

Tanker rates soar as Cosco hit by US sanctions
Oct 18, 2019 (WiC 470)

“My formula for success? Rise early, work late, strike oil,” explained Jean Paul Getty, one of the wealthiest Americans who ever lived. But the money being made in the oil industry this month is going to the people that carry the crude ...

On the horizon: a new generation of Chinese-built cruise ships
Sep 27, 2019 (WiC 468)

Much has changed since 1844 when the author William Makepeace Thackeray was the first cruise ship passenger to write about his trip. Having travelled to Egypt and back aboard the Lady Mary Wood, Thackeray was effusive in his thanks to the crew, ...

The ‘divine’ dock

Another huge Chinese shipping industry merger
Jul 19, 2019 (WiC 460)

Neither side knew it at the time, but China’s ‘treasure’ ships dwarfed their European counterparts in the fifteenth century. The second Ming emperor built 250 oceangoing giants, capable of carrying 2,000 tonnes of cargo. The largest of the ...

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