News

Chinese Shipbuilder Slumps August 12, 2012

One of China’s largest shipbuilders said Wednesday that it canceled eight shipbuilding contracts during the second quarter because customers failed to pay, demonstrating the tough conditions that face China’s shipbuilders and international shipping companies. Yangzijiang Shipbuilding Holdings Ltd. also said its second-quarter net profit declined 8.9% as operating expenses nearly doubled and the privately owned […]
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Oil-Price Surge Is All About Iran July 30, 2012

U.S. oil futures have rocketed up 18% over the past three weeks, sparked by escalating concerns about Iran. The surge has outstripped advances for most other assets. Stocks and copper ─ which, like oil, are strongly tied to economic growth expectations ─ have seen much smaller gains. The Standard & Poor’s 500 Index has increased […]
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Expanded Oil Drilling Helps US Wean Itself From Mideast July 06, 2012

America will halve its reliance on Middle East oil by the end of this decade and could end it completely by 2035 due to declining demand and the rapid growth of new petroleum sources in the Western Hemisphere, energy analysts now anticipate. The shift, a result of technological advances that are unlocking new sources of […]
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An update on Iran Sanctions and some difficulties with the P&I cover with IG Clubs June 30, 2012

Nowadays on an international level, 3 regimes coexist imposing their respective laws and regulations on the Iran sanctions, inter alia, the United States (US), the European Union (EU) and United Nations (UN). The refining of crude oil is one of the most concerned areas under these three regimes. This circular aims to give an introductory […]
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Shipping Industry Have 2 Difficult Years to Go June 26, 2012

Wilbur Ross, an investment expert, stated that the shipping industry has two more difficult years to go during the Maritime Financial Week (Marine Money Week) held in New York. Ross believes that in 2015 the industry will recover, but the different sectors of the shipping industry will not recover in tandem, as the new building […]
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Celebrating Our Relocation June 20, 2012

On 19 June 2012, Winning International Group held a banquet at Singapore’s Shangri-La Hotel to commemorate the Group’s relocation to DBS Building. Distinguished guests from around the region including Singapore, China, Indonesia and Malaysia were invited to celebrate the event. Attended by over 400 people, the event was a gathering of the elite of the […]
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Carriage of deck cargo June 18, 2012

The case of BBC Greenland (2011) summarizes the position under English law on the owner’s ability to exclude liability for deck cargo carriage under the bill of lading. Understanding the owner’s legal rights to exclude deck cargo liability under the bill of lading is very important as all P&I Club rules exclude cover for owner’s […]
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Celebrating the Inception of the Beijing Office June 08, 2012

Marking the founding of its Beijing Office, Winning International Group hosted a celebration at Beijing Oriental Bay International Hotel on the evening of 5 June 2012. Almost 100 guests attended the event including managers of the Group’s partners, namely, Aluminium Corporation of China Limited, China Aluminium International Trading Co., Ltd., China DaTang Corporation, China COSCO […]
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Persevering Onwards ─ The 7th Gobi Challenge May 30, 2012

Ambition “To conquer the Gobi is a challenge to me, there is no other way but to go forward.” – President Sun Xiushun of WIG Action The 7th Gobi Challenge began on 22 May 2012. More than 480 students from 20 renowned universities participated in this competition, alongside Mr Sun Xiushun and students from the […]
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Winning’s two newly acquired vessels – “Winning Diligence” and “Sunny Star” May 23, 2012

As part of its move to open up new international lines and establish a more modern fleet, Winning International Group purchased two more vessels in May 2012 ─ the 2006 Japanese-made “Winning Diligence” which we acquired on 15 May, and the 1991 Taiwan-made “Sunny Star” which we bought over on 22 May. Currently, the Group […]
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