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  • August 23, 2014
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  1. Business - Companies - EARNINGS

    Cathay ekes profit amid cargo pressure

    Posted Aug 14th 2013, 12:30pm by Charlotte So

    ... as cargo stays weak Cathay Pacific Airways announced earnings well below expectations yesterday as yield pressure on regional routes and a weak cargo market derailed recovery efforts. The world's biggest international air cargo carrier posted net profit of HK$24 million in the first half of the year, far below the HK$600 million expected by analysts. Cathay's ambitions ...

  2. News - Asia - PHILIPPINES

    Philippine cargo company in ferry disaster linked to several maritime tragedies

    Posted Aug 18th 2013, 12:00am by AFP

    ... Agence France-Presse in Manila Shadow of Dona Paz hangs over new ferry disaster A company whose cargo ship collided with a ferry in the Philippines, leaving 200 passengers dead or missing, ... and crew when the collision with a cargo ship occurred in a dangerous choke point near the port of Cebu, the Philippines' second-biggest city, authorities said. Coastguard and military ...

  3. Business - Companies - SHIPPING

    KC Maritime on expansion course

    Posted Aug 28th 2012, 12:00am by Keith Wallis

    ... Keith Wallis keith.wallis@scmp.com With a crash in ship prices, the company wants to beef up its fleet of cargo vessels through new orders and on the second-hand market KC Maritime ... per cent since 2010. Chief executive Captain Vikrant Bhatia said the firm was looking at different types of dry cargo ships, from 55,000 dwt (deadweight tonne) Supramax vessels up to 170,000 ...

  4. Business - Commodities

    China approves first genetically modified Argentine corn cargo

    Posted Aug 07th 2013, 02:59pm by Reuters

    ... Chinese health authorities cleared 60,000-tonnes of genetically modified (GMO) Argentine corn. The cargo was already headed inland to be used as hog and chicken feed. Benchmark Chicago corn ... due to good US crop weather, ended the session mixed. “For many years we have worked to gain access to the Chinese market. Today we did it with a cargo of very high quality corn,” Yauhar said ...

  5. News - World - AVIATION

    Black week for aviation a reminder of the 'magic of flight and fragility of life'

    Posted Jul 25th 2014, 10:10pm by Reuters

    ... accidents involving cargo and charter airlines as well as scheduled passenger flights. "One of the things that makes me feel better when we look at these events is that if they all were ...

  6. News - World - AVIATION

    UPS jet crash in Dubai linked to lithium battery cargo

    Posted Jul 25th 2013, 12:00am by AP

    ... Associated Press in Dubai UPS cargo jet crash in Dubai linked to cargo loaded in Hong Kong A fast-moving fire that began in cargo containing lithium batteries turned the inside of a United ... The report said that shippers of some of the lithium battery cargo loaded onto the plane in Hong Kong "did not properly declare these shipments" and did not provide battery test reports ...

  7. Business - Companies - FREIGHT

    Cathay Pacific loses out as cargo demand dwindles in Europe

    Posted Jul 17th 2013, 12:00am by Charlotte So

    ... Cathay Pacific Airways has lost market share on European cargo routes as freight rates sink on weak demand from the troubled euro zone. The carrier expects the overcapacity problem in the cargo market will only be corrected in the last quarter of the year. If we cannot cover our costs, we have ... to reduce our freight capacity Nick Rhodes, Cathay Pacific Airways "Cathay has ...

  8. Comment - Insight & Opinion

    Hong Kong and China must close the door on import of illegal timber

    Posted Jul 24th 2014, 11:10am by Wilson Lau

    ... Wilson Lau Wilson Lau calls on Hong Kong and the mainland to ban the import of illegal timber, especially as Chinese demand is exacerbating the problem Logging out Recently, a shipment of Madagascar's prized rosewood, bound for Hong Kong and worth nearly US$13 million, was impounded in Kenya. The cargo was declared as an ordinary timber species, but caught the suspicious eye of Kenyan ...

  9. Business - Economy - THE VIEW

    Bridging the clean air gap

    Posted Jul 28th 2014, 09:36am by Cathy Holcombe

    ... as it already is, the third runway project may not pass the environmental assessment impact necessary to break ground. If an expansion of Hong Kong's air cargo-handling capacity is blocked, ...

  10. News - Asia - SOUTH KOREA

    Owner of South Korea ferry that sunk killing 300 is found dead

    Posted Jul 22nd 2014, 09:55am by AFP

    ... of cargo. The crew members face charges of negligence and failing to perform their duties to rescue passengers, with four of them facing homicide charges. Yoo faced allegations of tax evasion, ...




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