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  • April 21, 2014
  • Last updated: 11:56pm
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  1. News - Asia - SHIPPING

    One Chinese crew dead, eight missing after ships collide near Tokyo

    Posted Mar 18th 2014, 08:41am by Agence France Presse, STEPHEN CHEN

    ... Agencies and Stephen Chen Eight crew missing after fatal sinking A mainland Chinese crew member was killed and eight others were missing after their Taiwanese-owned freighter collided with another ship at the mouth of Tokyo Bay and sank yesterday. The 130 ...

  2. 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 ...

  3. Business - Companies - SHIPPING

    Hong Kong urged to act on port congestion as pressure builds for more capacity

    Posted Mar 10th 2014, 05:59am by Charlotte So

    ... consolidation was inevitable and needed so companies could turn a profit. "P3 is a partial exercise of a greater consolidation, which is also needed in Asia," said independent shipping analyst ...

  4. Business - China Business - SHIPPING

    Hong Kong port loses out to bigger berths in Shenzhen

    Posted Feb 13th 2014, 01:24am by Charlotte So

    ... alliance, which has yet to be approved by mainland China, European Union and the United States, is likely to have a 37 per cent share of the Asia-Europe trade and 24 per cent of the transpacific ...

  5. Business - China Business - SHIPPING

    Shipping giant Cosco charts seas of red ink

    Posted Nov 24th 2012, 12:00am by Keith Wallis

    ..., the conference and resort complex on Hainan for the Boao Forum, Beijing's attempt to create a Davos in the East, is also among Cosco's interests. Overall, the Cosco group operates at least 700 ... freight rates at Cosco Container Lines, analysts do not expect the rebound to continue. Jon Windham, head of the Asian industrials sector at Barclays in Hong Kong, said a decline in Asia ...

  6. Business - Companies - SHIPPING

    Beijing's help sought for Hong Kong trade deal with Asean

    Posted Oct 30th 2013, 03:31am by Anita Lam

    ... period. Major shippers like Walmart Asia are expected to shed light on the demand outlook at a logistics conference next Thursday. ...

  7. Business - Money - SHIPPING

    US funds bet on Asia for shipping recovery

    Posted Jul 04th 2013, 12:00am by Reuters

    ... Reuters in Singapore US funds bet on Asia for strong shipping recovery United States private equity and investment funds are betting Asia's shipping industry, hit by a restructuring ... and 2008 that were delivered just as demand slumped, particularly on once-lucrative oil export routes between the Middle East and Asia. The spree sent charter rates down as much as 90 per cent ...

  8. 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 ...

  9. News - Asia - SHIPPING

    India arrests 33 on ship bristling with arms and ammo

    Posted Oct 20th 2013, 07:20am by Reuters, MCT

    ... Agencies in Chennai, India Authorities suspect vessel is a floating armoury for private security agencies fighting piracy India charges 33 aboard US ship carrying weapons India has charged 33 men aboard an armed ship operated by a US maritime security fir ...

  10. Business - Companies - SHIPPING

    No festive cheer for shipping industry, Maersk boss David Skov says

    Posted Oct 05th 2013, 12:00am by Anita Lam

    ... E container ship - the world's largest - in Hong Kong. As cargo growth is likely to stay flat over the next two months, Maersk - which alone handles a fifth of cargo on the lucrative Asia ... with the world's two other major container companies - CMA CGM and Mediterranean Shipping - to cut costs by about 8 per cent and reduce the number of ships on the Asia-Europe route to 250 from 300. All 20 ...




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