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  • August 21, 2014
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  1. Business - Economy - SHIPPING

    US industry revival aids shippers as fewer empty containers cross Pacific

    Posted Oct 21st 2013, 03:56am by Anita Lam

    ... to 2014. However, shipping lines continued to find themselves moving large amounts of empty containers back to Asia after goods were unloaded in the US. "Many shipping lines hate delivering goods to inland ports such as Kansas or Detroit because you don't get much cargo back to Asia," said Issac Fung of freight forwarder Topocean Consolidation Service, which focuses ...

  2. News - World - SHIPPING

    US airmen parachute into Pacific to treat badly burned Chinese fishermen

    Posted May 05th 2014, 09:00pm by AP

    ... Associated Press in Phoenix, Arizona Mission of mercy A member of the US air force parachutes into the Pacific Ocean to aid two critically injured Chinese sailors aboard a Venezuelan ... fishing boat that went down in the Pacific, leaving six of its crew missing and presumed dead. According to the Venezuelan crew, four of the sailors they picked up were badly burned, and two later ...

  3. 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

    ... chief engineer, said at a press conference in the country's capital, Managua. Dong said that after studying six possible routes, they decided on one that starts on the Pacific Ocean ... per year, each taking 30 hours to transit between the Pacific and the Atlantic oceans. HKND said it could have saved 3 per cent in costs had a northern route been chosen, but the southern ...

  4. Business - Economy - SHIPPING

    Asian bulk capesize rates seen falling as ships exceed new cargo volumes

    Posted Jul 11th 2014, 01:31am by Reuters

    ... fell. Rates in the Pacific for smaller panamax vessels are also set to slide as chartering activity eases, brokers said. "The general consensus is the panamax market is softening. It shot up quite quickly last week, but I think it will come off a bit over the next week or 10 days," said a Singapore-based panamax broker. Panamax charters in the Pacific were being fixed ...

  5. Business - Commodities - SHIPPING

    Pacific Basin sees brighter prospects in second half of 2014

    Posted Mar 06th 2014, 10:36am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com After bouncing back into the black last year, the shipper expects huge Chinese demand for grains and building materials to buoy its prospects Pacific ... food supply chain faces from extreme weather hitting its major crops. That is all good news for Pacific Basin Shipping, the world's largest operator of handysize dry bulk vessels, which ...

  6. Business - Companies - SHIPPING

    Pacific Basin sails into black on dry bulk turnaround

    Posted Feb 28th 2014, 01:10am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Shipping firm sees stronger returns this year on recovery in freight rates and more vessels Pacific Basin sails into black on dry bulk turnaround Pacific ... yesterday at HK$5.40. Nearly two-thirds of the cargoes handled by Pacific's Handysize vessels are agricultural products such as grain and sugar, the company said on its website. It also ...

  7. Business - Companies - SHIPPING

    Time to buy dry bulk bargains, says chief

    Posted Mar 06th 2013, 12:00am by Keith Wallis

    ... Keith Wallis keith.wallis@scmp.com Head of Pacific Basin Shipping says prices for secondhand cargo vessels have bottomed out, after falling up to 50pc over the past two years Time to buy ... operator Pacific Basin Shipping. Chief executive Mats Berglund said prices had bottomed out and were "definitely not going down". Prices were "on the low side, which is why we see ...

  8. Business - Companies - SHIPPING

    Asian exports to fuel orders for big container ships

    Posted Mar 13th 2013, 12:00am by Keith Wallis

    ... will be the fastest growing region", with the mainland economy set to climb by 7 to 8 per cent a year over the next decade. Economic growth in the Asia-Pacific would be about 6.5 per cent annually up ... Keith Wallis keith.wallis@scmp.com Asian exports to drive orders for mega box carriers Growing exports, particularly from China and Southeast Asia, will fuel a boom in international ...

  9. Business - Companies - SHIPPING

    OOIL earnings tipped lower on oversupply, freight rates fall

    Posted Mar 08th 2014, 01:40am by Charlotte So

    ... OOIL's fourth-quarter rates reached the lowest point of the year in most of its main markets, including transpacific, Asia-Europe and intra-Asia trade lanes, which account for more than 80 per cent of its total shipping revenue. Its freight rates dropped 11 per cent year on year in the second half to US$705 per 20-foot equivalent unit (teu) on the intra-Asia route, which ...

  10. Business - Companies - SHIPPING

    Pacific Basin expands fleet as charter rates rise

    Posted Apr 19th 2013, 12:00am by Keith Wallis

    ... Keith Wallis keith.wallis@scmp.com Pacific Basin expands fleet as charter rates rise Pacific Basin Shipping has continued last year's spending spree on vessel acquisitions despite ... of this year. They comprise seven Handysize vessels of 25,000 to 39,999 deadweight tonnes and two Handymax ships of 40,000 to 64,999 dwt. Pacific Basin, the largest Handysize operator in the world, paid ...




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