• 2023 July 7 11:42

  ZPMC plans to sell part or all of its stakes in Qingdao Port and Cosco Shipping Holding

  

  The Chinese port machinery manufacturer Shanghai Zhenhua Heavy Industries (ZPMC) is planning to sell part or all of its stakes in Qingdao Port and Cosco Shipping Holding to optimise its asset structure, according to Seatrade Maritime.

  The targeted stock equities include 1.59% shares of Qingdao Port and 0.02% shares of Cosco Shipping Holding.

  The stake sale transactions are beneficial to the company’s asset structure optimization and will improve the company’s financial status, commented Zhenhua.

  Zhenhua recently reports a 73.5% net profit drop for the first quarter of this year. The company is facing pressures from performance decline and profitability falling.

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2024 November 2

18:06	Singapore’s first fully electric cargo vessel wins Green Ship Award at SRS Forum
17:20	VTTI looks to buy into LNG terminals in Asia
16:48	Hudong-Zhonghua Shipbuilding signs contracts for 12 large container ships in the past 10 days
16:32	CHIMBUSCO secures its first LNG refueling service in Europe
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2024 November 1

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17:38	Austal Australia delivers 8th Evolved Cape-class Patrol Boat to Royal Australian Navy
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12:22	GTT secures technical services contract with Maran Tankers for eight LNG Dual-Fuel Suezmax vessels
11:45	MSC inks up $2.1bn container ship at the reborn shipyard Rongsheng Heavy Industries
11:28	China's first 'smart factory' for offshore oil, gas equipment fully operational
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2024 October 31

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2024 October 30

18:00	East Java Multipurpose Terminal partners with Sinarmas LDA Usaha Pelabuhan
17:22	Container traffic at Iranian ports up 5% in the first half of the current Iranian calendar year
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12:40	AD Ports Group and the General Department of Vietnam Customs sign MoU
12:21	TE H2, CIP, and A.P. Møller Capital Partner for a large-scale project in the Kingdom of Morocco
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10:30	World's first ammonia-fuel dual-fuel bulk carrier begins construction
10:09	Erik Thun launches the next-generation Lake Vanern Max vessel
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2024 October 29

18:00	The U.S. Environmental Protection Agency announces selections for nearly $3 bln of investments in Clean Ports
17:34	Asyaport becomes first Turkish port to provide shore power to container ships
17:00	Port of Los Angeles awarded $412 million grant from U.S. EPA for zero-emission transformation
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