Haian (Port)

Latest news

Fishing vessels start operations after South China Sea fishing ban lifted:

A fishing vessel goes fishing on the sea in Sanya, south China's Hainan Province, Aug. 1, 2011. Fishing vessels started operations after the South China Sea fishing ban, which started on May 16, ended on Monday. With pictures, more at: http://news.xinhuanet.com/english2010/photo/2011-08/01/c_131022904.htm

HNA in talks on buying GE container unit:

HNA Group Co, the airline and hotel operator controlled by China's Hainan province, is in exclusive talks to buy a shipping-container lessor co-owned by General Electric Co, according to a person with knowledge of the matter. HNA may reach a deal within a week if the lessor GE SeaCo opts to proceed with the sale, said the person, who spoke on condition of anonymity because the talks are private. The price under discussion values GE SeaCo at more than $1 billion, or about $2.5 billion including debt, the person said. "The fundamentals for container leasing are pretty good right now," said Art Hatfield, a Morgan Keegan & Co analyst in Memphis, Tennessee. "Despite the fact that there's too many ships out there, there's a fairly tight container market." A successful bid for SeaCo, the world's fifth-biggest container lessor,would be the latest demonstration of Chinese companies' appetite for global acquisitions. Purchases in the past year include a $2 billion Norwegian chemicals operation and a General Motors Co parts division. HNA prevailed in an auction that also drew interest from Textainer Group Holdings Ltd, the largest container lessor, and the private-equity firm Kelso & Co, according to people with knowledge of those companies' interest. more: http://www.chinadaily.com.cn/business/2011-0/30/content_13016217.htm

Fishing ban in South China Sea to end on Aug. 1

Qionghai Port of Haian, Fishing ban in South China Sea to end on Aug. 1. Fishermen on a small boat prepare to board their fishing vessels in Tanmen Port of Qionghai, south China's Hainan Province, July 31, 2011. The fishing ban in the South China Sea, which started on May 16, will end on Aug. 1. (Xinhua/Meng Zhongde) more (with pictures): http://english.peopledaily.com.cn/90783/91300/7456112.html