• 2012 October 12 16:22

  ICBC sees Singapore as attractive ship finance hub

  

  China’s top ship financing bank ICBC is becoming far more exposed to international trades and is looking to grow its base in Singapore having just received a full banking licence to operate in the Lion Republic, SinoShipNews reports.
  ICBC currently has 30% pure domestic ship finance business, with fully 70% coming from overseas, albeit mainly Chinese conglomerates’ overseas affiliates.
  
  “Most of our ship finance services are international business. Some big Chinese shipping companies, such as COSCO, China Shipping, they also have many multinational business handled by our bank,” an official from the ship finance department of ICBC told SinoShip News. “RMB and US dollar transactions are both ok to us,” he added.
  
  A few days ago, ICBC received its full banking license from Singapore giving it greater access to the Singapore market. “Before we get the license, we already had branches in Singapore providing ship finance services. The new move could help us do better in the region,” the official said.

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2024 November 14

09:54

HMM's net profit in the first three quarters increased by 308.5% year-on-year

2024 November 13

18:00	COSCO Shipping Energy orders 6 new VLCCs
17:12	ABS, CCS and DNV approve COSCO's 50,000 cubic metre dual-fuel ammonia tanker design
16:47	Odfjell to use digital twins for weather routing on chemical tankers
14:51	Establishing an emission control area for ships in the North Atlantic Ocean could prevent several thousand premature deaths through 2050 - ICCT
14:11	Erma First Group acquires Ecochlor to lead the global BWTS market
13:53	Höegh Autoliners and Fortescue call for faster adoption of clean ammonia marine fuel at COP29
13:24	INEOS and Royal Wagenborg sign multi-year contract for CO2 carrier
12:22	Bureau Veritas acquires technical advisory company Versatec Energy
11:47	Wuchang Shipbuilding launches the large navigation ship of the South China Sea Navigation Support Center
11:24	GTT receives an order from China Merchant Heavy Industry-Jiangsu for the tank design of a new LNG сarrier
10:52	Thecla Bodewes Shipyards successfully launches 5,050dwt vessel 'Iana’ for Transtal Shipping
10:00	ACCIONA to build a new breakwater to shelter floating port terminal in Ravenna
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2024 November 12

18:06	Iraq shortlists 11 firms for Grand Faw port operation, decision in January 2025
17:42	ZeroNorth and Vitol launch digital bunker trial in port of Rotterdam
17:24	LR MDH joins call to accelerate adoption of zero-emission fuels by 2030
16:41	Port of Rotterdam Authority sets tariffs for the next three years
16:25	Vitol Terminal Latvia introduces new aniline transshipment service
15:45	UECC and Daphne Technology join forces to drive advanced emissions monitoring on UECC’s latest vehicle carrier
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14:55	Silverstream and Yiu Lian Dockyards (Shekou) sign MoU to drive Silverstream® System installations
14:13	AD Ports Group delivers record revenue of AED 4.66 bln and total net profit of AED 445 mln in Q3 2024
13:44	BAR Technologies signs an agreement with WindWaves to manufacture new 20 and 24 metre WindWings
12:31	Sanmar delivers powerful escort tug to P&O Maritime Logistics
11:40	e1 Marine and STAX Engineering partner on innovative barge-based emission capture and control project
11:00	New Yangzi Shipbuilding delivers SEASPAN's 12th dual-fuel medium-sized container ship
10:31	Van Oord completes major dredging project in Egypt
10:03	Zhenhua Heavy Industries launched the world's largest piling vessel for CCCC Second Harbor Engineering Bureau
09:49	Telemar announces agreement to install and maintain Sealution’s shipboard data collection technology

2024 November 11

18:00	ADNOC Gas to buy 60% in Ruwais LNG plant
17:18	Strategic Marine signs contract with Mainprize Offshore for six new Supa Swath vessels, with options for six more
17:01	Hanwha Ocean wins 713.5 bln-won deal to build two LNG carriers for Maran Gas Maritime
16:35	One missing after MSDF vessel sinks due to fire off Fukuoka
16:05	Northern European ports in collaboration receive EU funding for onshore power for container ships
15:32	Maersk Tankers to deploy suction sail technology at scale to reduce CO2 emissions
15:12	CMA CGM's revenue up 38.5% to USD 15.8 bln in Q3 2024
14:45	DP World Australia announces acquisition of Silk Logistics
13:24	SAFEEN Group achieves Guinness World Record for most powerful electric tugboat
12:53	Höegh Evi to partner with SEMOP Port-La Nouvelle to develop strategic infrastructure for hydrogen import to France and Europe
12:08	ICTSI's Adriatic Gate Container Terminal hit 2 more milestones
11:24	Daito Corporation to build an electric tugboat
10:43	Hudong Zhonghua completes sea trial of LNG carrier built for Qatar Energy
10:20	CSSC Engine delivers China's first domestically produced methanol dual-fuel main engine
09:47	Hapag-Lloyd acquires German ship management company Hamburger Lloyd

2024 November 10

15:03	Keel laying ceremony marks the birth date of new ships for Scilly
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12:13	ACP: Panama Canal could double the number of containers transiting
11:38	INOX India Ltd announces Q2FY25 Results
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2024 November 9

13:41	Montreal port employers threaten shutdown over labour dispute
12:49	China Merchants signs letter of intent with Brazilian port authority Portos do Parana
11:08	ZIM integrates Hoopo’s solar tracking solutions
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2024 November 8

18:00	Greece, Turkey to keep talking on maritime boundaries agenda
17:35	Montreal Port urges Trudeau government to end strike
17:24	Yangzijiang Shipbuilding receives 98 new orders this year
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16:25	Transnet National Ports Authority pilots usage of cleaner fuels on its tugboat fleet
15:34	Wallenius Wilhelmsen exercise options for two additional 11,700 CEU Shaper vessels
15:02	IMO heads to COP 29 to promote net-zero framework for shipping
14:45	Fincantieri, VARD and Sandock Austral Shipyards form alliance around the Afrika Offshore Patrol Vessel
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12:43	QatarEnergy inaugurates four LNG vessels, the first from Korean shipyards
12:24	Fincantieri finalizes order with Crystal for a new high-end cruise ship
10:09	Friday Shipbrokers fix chartering project with Boskalis to transport car carrier to China for repair
09:20	ExxonMobil successfully supplies Hapag-Lloyd with B25 bio marine fuel blend in Antwerp

2024 November 7

18:00	Innovation Norway and Team Norway sign two agreements aimed at advancing sustainable maritime solutions
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17:36	Konecranes expands emissions reduction ambition by committing to setting long-term, science-based net-zero targets