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  • July 23, 2014
  • Last updated: 8:15am
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  1. Business

    Bulk rates to decline further on Asian routes amid glut of ships

    Posted Jul 18th 2014, 02:57am by Reuters

    ... Reuters in Singapore Bulk rates to fall more amid glut of ships Rates for capesize bulk carriers on key Asian routes will fall more next week as cargo owners bide their time chartering ... with rates on capesize routes from Australia and Brazil to Asia around the lowest since late May. "Charterers have cargoes available but are in no rush to fix vessels in the hope of pushing ...

  2. News - Hong Kong

    On the rocks: picture shows how close huge cargo ship came to collision at Pok Fu Lam

    Posted Apr 06th 2014, 09:04pm by SAMUEL CHAN, Johnny Tam

    ... for land. He said he had been alerted to the incoming cargo ship on hearing a loud screeching noise. The captain, he said, appeared to have dropped anchor as the boat approached Hong Kong, slowing ... as two fireboats were deployed and the cargo vessel was subsequently towed free. No one onboard or ashore was hurt and the vessel appeared to have escaped unscathed. Watch: Container ship runs ...

  3. Business - Money - SHIPPING

    Shipping firms brace for survival battle

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

    ... revenues. Peter Sand, chief shipping analyst at shipping lobby group Bimco, said: "It will be some time before the fundamental [vessel] supply and [cargo] demand ratio are balanced. The fleet ... Commenting about 2012, Huxley said the dry-cargo market "endured its worst year for a quarter of a century", adding that this year was unlikely to be much better. "For many, this year ...

  4. Business - Companies - AVIATION

    Thailand strife a drag on Cathay Pacific's June passenger volume

    Posted Jul 15th 2014, 01:31am by SIJIA JIANG

    ... "[Demand] in Southeast Asia was affected by various factors including the political situation in Thailand," Tong said. Cargo traffic, accounting for more than a quarter of the group's ... of Hong Kong and the mainland, particularly on the transpacific lanes, was robust. "Cargo demand has been weak in the past three years," said Paul Wan, the head of transport at brokerage ...

  5. News - Hong Kong - COURTS

    Jail for ship captain over collision that killed 6

    Posted Jul 05th 2014, 03:14am by CHRIS LAU

    ... Chris Lau chris.lau@scmp.com Jail for ship captain over collision that killed 6 A cargo ship captain was sentenced to 16 months in jail yesterday for his involvement in a collision which caused six deaths off the shores of Stanley. Ruan Cuncai's cargo ship, Wang Da 6, rammed into another cargo vessel amid fog on April 18. While all 14 crew on Wang Da 6 were rescued, six ...

  6. News - World - SHIPPING

    Was North Korean rustbucket stuck on Mexico reef sent to smuggle Cuba arms?

    Posted Jul 16th 2014, 09:43pm by NYT

    ... they said. The ship was empty and planning to pick up cargo in Tuxpan when it ran aground because its captain "lost his bearings". Tuxpan is one of Mexico's main sugar-exporting ports. ... of civilian goods, Madden added. A third country may also have contracted the ship to deliver cargo to Cuba. The Forbes report said shipping records showed the two vessels shared the same commercial ...

  7. Business - Companies - TRANSPORT

    Idea of drone cargo ships floated, but problems load up

    Posted Feb 26th 2014, 01:15am by BLOOM

    ... Bloomberg in New York While the technology is within sight, touted cost benefits are queried and regulatory snags loom Idea of drone cargo ships floated, but problems load up In an age of aerial drones and driver-less cars, Rolls-Royce is designing unmanned cargo ships. Rolls-Royce's Blue Ocean development team has set up a virtual-reality prototype at its office in Alesund, ...

  8. News - Hong Kong - MARINE SAFETY

    Stricken cargo ship overturns in Hong Kong as frightened crew abandon posts

    Posted Feb 21st 2014, 01:20pm by Clifford Lo

    ... crew fled a listing cargo ship and refused to go back on board to turn off the engine for fear of being trapped if it capsized, leaving the 2,500-tonne vessel circling until it broke down ... of Cheung Chau when it started listing shortly after 10am. A Marine Department spokeswoman said the ship had "suddenly begun to list", while a police source said: "The cargo ...

  9. Business - Companies - TRANSPORT

    Overcapacity puts the brakes on Asian cargo carriers growth

    Posted Feb 10th 2014, 02:19pm by Agence France-Presse in Singapore

    ... Agence France-Presse in Singapore Asia-Pacific carriers, which have nearly 40pc of the global freight market, saw volumes drop 1pc Overcapacity puts brakes on cargo growth Top Asian airlines' profit margins are being eroded by a struggling air cargo business, even as they capitalise on increasing passenger demand, industry executives said over the weekend. Weak global economic ...

  10. Business - Commodities

    Commodity financing probe extends to petrochemical imports

    Posted Jul 04th 2014, 01:41am by Reuters

    ... which is not suspected of any wrongdoing, went to take delivery of the cargo around mid-May it found it had been impounded by the authorities. The case, involving a private mainland fuel company ... at least one 30,000 tonne cargo worth about 300 million yuan stored at a tank in Tianjin. Chinaoil's purchase was part of that cargo, they said. The sources said the certificate of ownership ...




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