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Antong marks turnaround with 2020 profit

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Antong Holdings, parent company of China’s second largest domestic liner operator Quanzhou Ansheng Shipping, has capped its restructuring with a net profit for 2020. The...
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Antong completes year-long reorganisation

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Chinese domestic liner shipping group Antong Holdings announced on 19 December 2020 that it has completed its year-long restructuring process. Alluding to its two main...
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Antong gets US$688 million cash injection

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Fujian Zhaohang Logistics, the government-led entity that is restructuring struggling Chinese domestic liner shipping group Antong Holdings, has, with 12 other Chinese investors, injected...
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Government-backed JV to restructure Antong Holdings

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Quanzhou Municipal Government has formed a joint venture, with Chinese state-owned entities, China Merchants Port Holdings (CMPH) and AVIC Trust, to restructure the financially...
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Troubled Antong mulls restructuring options

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Chinese state-owned groups China Merchants Port Holdings (CMPH) and Aviation Industry Corporation of China (AVIC) have expressed an interest in restructuring troubled Chinese domestic...
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China’s securities watchdog punishes Antong bosses

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Guo Dongze and Guo Dongsheng, majority shareholders of Chinese domestic container operator Antong Holdings, and other senior staff have been penalised by the China...
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Government pays to refloat troubled domestic carrier Antong

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Antong Holdings, parent company of Chinese domestic operator Quanzhou Ansheng Shipping, will receive around US$8.4 million in government subsidies, after disclosing estimated losses of...
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BIMCO approves management agreement for autonomous vessels

News Alexandros Itimoudis - 0
BIMCO’s Documentary Committee has recently approved the AUTOSHIPMAN agreement to support the increasing number of remotely controlled vessels. The AUTOSHIPMAN deal establishes a standardized contractual...
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Shipnet appoints two new directors

News Container News Team - 0
Norway-based maritime technology company, Shipnet has strengthened its senior leadership team with the appointment of a new finance director and HR director. Paula Summers, who...
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Maersk names its new dual-fuel methanol container ship

News Container News Team - 0
On 9 October, A.P. Moller - Maersk named its latest dual-fuel methanol container vessel “Alexandra Maersk”. UK’s Maritime Minister Mike Kane, representatives of the International...
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East Java Multipurpose Terminal could operate as “weight lifter” for Indonesia

Port News Alexandros Itimoudis - 0
The recent inauguration of the East Java Multipurpose Terminal (EJMT) marks a significant development in Indonesia's maritime infrastructure, particularly for the bustling region of...
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