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  • July 31, 2014
  • Last updated: 11:57am
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  1. News - Asia - PANAMA

    Panama court frees captain of seized N Korea ship in Cuba arms row

    Posted Jun 28th 2014, 03:49pm by AFP

    ... hardware, including two Soviet-era MiG-21 aircraft, air defence systems, missiles and command and control vehicles. The ship's 35-man crew was arrested and the vessel and cargo seized ... and Pyongyang said the weapons were obsolete Cuban arms being shipped to North Korea for refurbishment under a legitimate contract and due to be returned to Cuba. ...

  2. News - World - SHIPPING

    Hong Kong-based company unveils route of Nicaragua canal to rival Panama’s

    Posted Jul 08th 2014, 01:32pm by Patrick Boehler

    ... experts warn that construction could cause profound ecological damage by damming rivers, splitting ecosystems and moving tonnes of earth. The company predicted that 5,100 ships would use the canal ... waterway to compete with the Panama Canal. Construction of the canal, the world's largest infrastructure project, is set to begin in December and take five years, Dong Junsong, HKND's ...

  3. Business - Banking & Finance - SHIPPING

    Leasing firm seeks to double portfolio

    Posted Apr 12th 2013, 12:00am by Keith Wallis

    ... under construction, which are to be delivered within 14 months, are worth US$2.5 billion. Under the deal, ICBC Financial Leasing will buy the ships at market price with a vendor loan of up ... Keith Wallis in Singapore keith.wallis@scmp.com ICBC Financial Leasing looks to foreign shipowners to raise the value of ship assets this year after signing 51-vessel agreement Leasing ...

  4. Business - China Business

    Leading freight forwarder supports China veto on shipping alliance

    Posted Jun 27th 2014, 01:04am by BLOOM

    ... alliance between the world's biggest shipping lines is good for the logistics industry as it preserves competition among container carriers, according to Klaus-Michael Kuehne, the German billionaire who owns the world's largest sea-freight forwarder. "The infinite wisdom of the Chinese has helped to ensure that competition between the leading shipping companies will continue ...

  5. News - China - DEFENCE

    Xi Jinping told Liaoning's captain to get aircraft carrier ship-shape soon

    Posted Feb 04th 2014, 09:11am by WU NAN

    ... Party magazine has revealed concerns expressed by President Xi Jinping during his inspection of China's first aircraft carrier in August. Xi's visit to the ship was widely covered ... and support expeditiously," Xi told Captain Zhang Zheng before wrapping up his inspection of the Liaoning, according to an account in this month's issue of Dangjian (Party Construction ...

  6. Lifestyle - Travel

    A wide berth: Will Kai Tak's little used cruise terminal catch on enough to justify HK$8 billion cost?

    Posted Jul 07th 2014, 06:37pm by DARREN WEE

    ... airport runway, and the chaos prompted legislators to question the management of the terminal and its transport links. Ships come in at 8 in the morning and sail at 8pm. The economic benefits ... become a white elephant. Just nine ships berthed at the terminal in the last six months of 2013 for a total 15 days. This year, 27 ships will berth for 48 days. In comparison, 61 ships called ...

  7. Kobayashi Metals invites suppliers of industrial fasteners

    Posted Jul 08th 2014, 03:16pm by Reports by Stacey Johnson, Christina Liedke and Jessica Ryan

    ... of nuts, bolts and screws. For 88 years, the company has supported Japan's industrial growth by catering to myriad sectors from civil and residential construction to heavy equipment ... listed company that extensively imports industrial fasteners. With the help of offices in Hong Kong and Shanghai, which handle shipping and product testing to ensure global standards, the company ...

  8. News - China - LOGISTICS

    Three Gorges Dam exceeds cargo target set for 2030

    Posted May 24th 2014, 02:45am by He Huifeng

    ... before the dam was constructed. It reached a record high of 100.06 million tonnes last year, representing 40,848 cargo vessels and 2,461 passenger ships, or 300,000 tonnes per day. "The ... the traffic congestion at the Three Gorges was good news to him. The dam's construction considerably increased water depth in some dangerously shallow sections, allowing large cargo ships ...

  9. Comment - Insight & Opinion - LEADER

    China's rejection of global shipping cartel a sign of strength

    Posted Jun 23rd 2014, 03:00am by SCMP Editorial

    ... SCMP Editorial No global alliance without China China's regulators have flexed their muscles and sunk a proposed global container-shipping alliance. The plan, led by Denmark's A.P. Moeller-Maersk, Mediterranean Shipping Co and CMA CGM SA, aimed to address the industry's chronic overcapacity and low charter rates since the start of the global financial crisis. ...

  10. Business - Money

    Chart of the day: When property hits the fan

    Posted Jul 31st 2014, 01:19am by NICK EDWARDS

    ... a real-estate-induced growth shock. Outright exposure is worse than Thailand's in 1997 and, in pure construction spillover terms, that of the United States in 2006. ...




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