Seafaring

All news and posts of our editorial team on the topic

Lim Kok Thay steps down at Genting
Lim Kok Thay has resigned as Chairman and Chief Executive of bankrupt cruise group and MV Shipyards owner Genting Hong Kong. Liquidators are now to draw up a restructuring plan for the company, the group told the Hong Kong Stock Exchange on Monday. In addition, Au Fook Yew resigned as Vice Chairman and President of […] continue reading →
Cruise operator Genting bankrupt
The ailing owner of the German MV-Werften is now also facing bankruptcy. Genting Hong Kong filed to wind up the company at the Supreme Court of Bermuda. As the company announced on the Hong Kong stock exchange on Wednesday, it also submitted proposals for liquidators. They are to work on restructuring and conduct negotiations with […] continue reading →
Indo-Pacific strategy: USA snubs EU
EU Commission chief Ursula von der Leyen called Brussels' Indo-Pacific strategy a "milestone". But just hours before its publication, a US-led security pact is taking the wind out of the plan's sails, angering France – and calling transatlantic cooperation in the region into question. continue reading →
COSCO could buy into port of Hamburg
The state-owned Chinese shipping company COSCO apparently wants to acquire a stake in the port of Hamburg. The company already negotiates with the port operator, NDR reports. Specifically, Hamburger Hafen und Logistik AG (HHLA) wants to cede a 30 to 40 percent stake in the Tollerort container terminal to the Chinese investor. Tollerort is one […] continue reading →
Piraeus becomes the head of the dragon
In this series, China.Table analyses China's relations with the EU member states: On the sea route from Asia to Europe, the Greek city of Piraeus is the next European port after the Suez Canal. As China's most important gateway to Europe, it will continue to grow in importance. Beijing is investing billions. Athens is now making a correspondingly confident appearance in Brussels – also to the displeasure of the Americans. continue reading →