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  • July 29, 2014
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  1. China Merchants tips slowing cargo growth

    Posted Sep 03rd 2008, 12:00am by Charlotte So

    ... Charlotte So Port operator books 42pc rise in first-half profit China Merchants Holdings (International), the country's largest port operator, said softening demand for cargo ... to a 17.8 per cent increase in throughput at Shenzhen west port, where the company operates, amid a 31 per cent growth in cargo shipments between Asia and Europe. But the weakening European economy, ...

  2. Swire profit surges 240pc on Cathay hedging gains

    Posted Mar 12th 2010, 12:00am by Peggy Sito

    ... intended to sell its 30 per cent stake in Hong Kong Air Cargo Terminals, which accounts for 80 per cent of total cargo tonnage at the airport. Swire Pacific is building a new air-cargo terminal, ...

  3. In Brief

    Posted Jul 16th 2010, 12:00am by Staff Reporter

    ... was awarded 2.17 million yuan in damages by the Shanghai Pudong People's Court against Dazhong Insurance, which had been caught using pirated Microsoft programs. Bien Perez China Southern cargo fleet grows China Southern Airlines took delivery of two Boeing 777-200 cargo planes this week, beefing up its freighter fleet to six as mainland carriers step up competition with foreign ...

  4. In Brief

    Posted Oct 25th 2003, 12:00am by Staff Reporter

    ... to Shenzhen firm, Wanling Group. Developer Yian Plaza Real Estate Development was forced to sell the property to repay 700 million yuan in debt to creditors. Cargo carrier launches service to Malaysia, India Polar Air Cargo, a subsidiary of New York-based Atlas Worldwide Holdings, tomorrow will launch a thrice-weekly cargo service linking Hong Kong with Penang in Malaysia, and New Delhi ...

  5. Airport Authority earmarks HK$12b for expansion plan

    Posted Jul 01st 2010, 12:00am by Charlotte So

    ... Hon-chung, chief executive of Airport Authority, said yesterday that he had seen robust growth in both passenger and cargo traffic in the first five months and believed that the growth would continue ... island. This would enable it to handle the 70 million passengers and 6 million tonnes of cargo expected to flow through the airport annually by 2020. Some 20 parking stands will be built by 2015 ...

  6. Improved demand helps Cathay return to profit

    Posted Mar 11th 2010, 12:00am by Charlotte So

    ... downturn since the Great Depression of the 1930s, the carrier cut passenger capacity by 3.7 per cent and cargo capacity by 13 per cent, instituted an unpaid-leave plan for staff and delayed ... on a 1.6 per cent drop in passenger numbers and lower fuel surcharge income. Cargo sales plunged 30 per cent to HK$17.26 billion on a 7.1 per cent dip in cargo volume. Total sales dropped 22.6 per ...

  7. Air China share issue puts Cathay in a bind

    Posted Mar 12th 2010, 12:00am by Charlotte So

    ... of its parent. Shares in Air China will resume trading today. The aim of the placement was to raise money to buy out Air China Cargo and repay bank loans, reducing interest expenses by 345 ... year, the carrier has a sizeable capital expenditure commitment for the next three years- estimated by Citigroup at HK$40 billion. Projects include a HK$5.5 billion air cargo terminal at Chek ...

  8. In Brief

    Posted Nov 11th 2003, 12:00am by Staff Reporter

    ... quarterly dividend of HK$1 per share. MIXED CARGO, PASSENGER PERFORMANCE FOR CATHAY Cathay Pacific Airways carried 1.01 million passengers last month, down a comparative 3.5 per cent. Cargo ...

  9. Port operator says worst over for world trade

    Posted Sep 11th 2009, 12:00am by Charlotte So

    ... less than a year earlier. That was because nearly 40 per cent of cargo handled in the port is for the Asia-Europe trade. Shanghai International Port Group, in which the company owns a 26.5 per ... month, following an 11 per cent month-on-month gain in July. Bulk cargo posted 3 per cent year-on-year growth in July and last month, Fu said. The third quarter is the traditional peak season ...

  10. In Brief

    Posted Jun 30th 2004, 12:00am by Staff Reporter

    ... in cash for 13 multi-purpose vessels and 27 bulk carriers. It will also settle US$80 million in debt related to the vessels. fedex seeks lion's share of new cargo flights Federal Express ... express company in Asia by volume, on Monday asked the department for 12 of the 21 weekly frequencies to China that will go to US all-cargo carriers in the first tranche on August 1. interest ...




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