Hints and tips:
...“They got heavily into bulk carriers and charter ships,” says a Hong Kong-based shipping executive who has dealt with HNA....
...Grand China Logistics, a HNA shipping unit, has been sued by numerous international creditors for owing millions of dollars in charter and fuel costs....
...In a separate case, New York-listed Diana Shipping said in December it was owed $4.8m for charter of the M/V Houston, which it had chartered for five years to China’s Shagang Shipping....
...Grand China’s explanation came as Hong Kong-based Jinhui Shipping and Transportation became the latest shipowner to acknowledge publicly that Grand China owes it money....
...For example, Hainan Airlines, HNA’s flagship asset which is listed on the Hong Kong exchange, counts Grand China Air, an HNA subsidiary, and an arm of the Hainan provincial government among its top shareholders...
...The Grand Alliance (Germany’s Hapag-Lloyd, Hong Kong’s OOCL and Japan’s NYK Line) and New World Alliance (Singapore’s Neptune Orient Lines, Korea’s Hyundai Merchant Marine and Japan’s Mitsui OSK) announced...
...Hapag-Lloyd of Germany, Malaysia’s MISC, Japan’s NYK and OOCL of Hong Kong on Wednesday signed an agreement to extend the Grand Alliance, founded in 1998, until 2017....
International Edition