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  • July 11, 2014
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    France fines Hong Kong shipping firm over top executive’s death

    Posted Jul 03rd 2014, 03:50pm

    ... Orient Overseas Container Line, a shipping company controlled by the family of former Hong Kong chief executive Tung Chee-hwa, has been fined 50,000 euros (HK$530,000) over the death of a top executive in France 11 years ago. The firm, one of the world’s biggest container shippers and a unit of Hong Kong-listed parent Orient Overseas (International), was found guilty on Wednesday ...

  2. 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 ...

  3. News - Hong Kong - SHIPPING

    Another broken-down cargo ship washes up on Hong Kong beach

    Posted Jun 26th 2014, 04:05am by Clifford Lo

    ... wall and a path popular with joggers. Fire chiefs said it had suffered a mechanical malfunction while on its way to Shenzhen. Watch: Container ship runs aground off Pok Fu Lam On June 2, ...

  4. Business - Economy - SHIPPING

    Shipping industry moves into digital age with automated booking

    Posted Jun 21st 2014, 12:53am by BLOOM

    ... start-ups seek to stop the discrepancies before they happen. The biggest is Inttra, whose network now processes 22 per cent of all containers shipped globally, according to Sandra Moran, its chief ...

  5. Business - Companies - SHIPPING

    HK shipping executive seeks US$1m in unpaid wages from French firm

    Posted Sep 04th 2012, 12:00am by Keith Wallis

    ... Captain Igal Dafni claims he is owed about US$1.15 million in salary plus a share of three years' net profits when he was employed as managing director and chief executive of Taiwan's ... for three years starting in 2007. Jeremy Bartlett, counsel for Dafni, said the executive was approached by Farid Salem, then chief executive and vice-president of CMA CGM, in mid-2006 soon after ...

  6. News - World - SHIPPING

    Experts warn that the global shipping industry is vulnerable to cyber-attack

    Posted Apr 24th 2014, 10:03pm by Reuters

    ... Schloesser, one of the authors of the study. Mark Gazit, chief executive of ThetaRay, an internet security company, said an attacker managed to tilt a floating oil rig off the coast of Africa, forcing ...

  7. Business - Companies - SHIPPING

    Chairwoman Sabrina Chao steers Wah Kwong Maritime past rocky shoals

    Posted Mar 07th 2014, 11:48am by Charlotte So

    ... low-sell high" financial strategy, Chao attributed it to her colleagues, especially Wah Kwong's chief executive, Tim Huxley, who runs the daily operations and watches out for the bottom ... after Chief Executive Leung Chun-ying vowed to set up an interdepartmental bureau to promote the maritime business. While she is willing to assist if the government invites her, she said others ...

  8. Business - Commodities - SHIPPING

    Pacific Basin sees brighter prospects in second half of 2014

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

    ... appreciably. Pacific Basin's chief executive Henrik Berglund said shipment of these products normally peaked in the second half of the year, and the outlook for business was more positive ...

  9. Business - Economy - SHIPPING

    Maritime bureau aims to shore up Hong Kong's role as shipping hub

    Posted Feb 17th 2014, 04:47am by Charlotte So

    ... it] tax or immigration," said Peter Cremers, the chief executive of Hong Kong-based ship manager Anglo-Eastern Group, which manages 450 vessels globally. "Hong Kong is different. Unless the shipowner knows what the tax [requirements are] for shipping, you may get into the wrong hands." Sabrina Chao Sih-ming, the chairman of Wah Kwong Maritime Transport, praised Chief ...

  10. Business - Money - SHIPPING

    Private equity funds bet US$5b on shipping rebound

    Posted Feb 19th 2014, 01:33am by BLOOM

    ... of investors looking for homes," said Randee Day, the president and chief executive of Day & Partners, an advisory and consulting firm specialising in shipping, who ran JP Morgan Chase's ... industry for years, a market for secondary debt did not emerge until 2012, Paul Leand, AMA's chief executive, said. Banks tended to hold on to their loans until regulatory pressure late last ...




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