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  • July 13, 2014
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  1. Expansion at greek container terminal

    Posted May 18th 2012, 12:00am

    ... expansion of Piraeus Container Terminal in Greece months earlier than planned. This came after container volumes at Piraeus almost doubled in 2011 compared with a year earlier and despite renewed ... financial controller, confirmed that construction work had started to create pier three as part of Cosco Pacific's 35-year concession to manage and operate the container terminal. Cosco Pacific ...

  2. Singamas Container stock rises 11pc after profit jump

    Posted Mar 28th 2012, 12:00am

    ... cent came from container manufacturing and 2 per cent from logistics and terminals. Singamas is the world's second-largest maker of shipping containers, with 21 per cent of the market- ... Keith Wallis keith.wallis@scmp.com Shares in Singamas Container Holdings rose more than 11 per cent yesterday after the firm saw net profit climb by 49.8 per cent to a record US$138.6 ...

  3. Rising fuel prices add to container line's stress

    Posted Mar 13th 2012, 12:00am

    ... Keith Wallis keith.wallis@scmp.com Overcapacity, sluggish cargo growth and high fuel prices are set to make 2012 a difficult year for container shipping lines even though carriers have ... by the family of former Hong Kong chief executive Tung Chee-hwa, said capacity was forecast to grow by 9 per cent this year as new container ships were delivered to ship owners and operators. ...

  4. Container lines optimistic over cargo volumes

    Posted Mar 02nd 2012, 12:00am

    ... Keith Wallis keith.wallis@scmp.com Container shipping lines could see a stronger recovery in trade volumes in the coming months especially on transpacific routes and services to emerging ... foundation for Chinese container volumes'. Housing starts were also up 22 per cent in December on an annualised basis to 657,000 while unemployment showed signs of easing. Johnson Leung, head ...

  5. Orient Overseas signs 40-year Long Beach lease

    Posted Apr 06th 2012, 12:00am

    ... Keith Wallis keith.wallis@scmp.com Orient Overseas Container Line has signed a deal with the Port of Long Beach to lease the Californian port's Middle Harbour container terminal ... of talks. Stanley Shen, OOCL's investor relations expert, said Middle Harbour was 'an exclusive terminal for us and Grand Alliance partners'. These comprise German container line ...

  6. Container volumes up despite fears

    Posted May 24th 2012, 12:00am

    ... comments came as Maersk Group, which has interests in container and tanker shipping, drilling and container terminals, posted a net profit of US$1.2 billion in the first quarter, up 1 per cent year ... cent to 17.3 million teu (20-foot equivalent units) in the first three months of this year. Cosco-HIT Terminals in Hong Kong saw container volumes rise 5.9 per cent to 1.6 million teu, while ...

  7. OOCL's terminal expansion moves ahead in Long Beach

    Posted Jan 25th 2012, 12:00am

    ... on a new container terminal at the west coast US port. The deal was approved by commissioners on the finance and administration committee in a meeting in Long Beach on Monday afternoon. A spokesman ... in principle last Thursday to sign the lease, after 12 months of talks. Under the plan, the port would spend US$1.2 billion to merge two existing container terminals into a 122 hectare terminal complex ...

  8. Container lines prepare for trade doldrums

    Posted Jan 09th 2012, 12:00am

    ... Keith Wallis keith.wallis@scmp.com Hard-pressed container lines, which have already seen charter rates sink on key trades routes between Asia and Europe and transpacific, could face ... in global container trade flows as the average distance travelled by Chinese exports will begin to structurally decline.' This would dent profits at container lines such as Orient Overseas ...

  9. Business - Economy - LOGISTICS

    Call for cut in operator numbers at Kwai Chung

    Posted Nov 09th 2012, 12:00am by Keith Wallis

    ... in port operator numbers The number of port operators at Kwai Chung container terminal should be reduced if Hong Kong port is to maintain its operating efficiencies after the introduction of ultra-large container ships, a senior Hutchison executive said yesterday. Eric Ip, the deputy managing director of Hutchison Port Holdings, said having five terminal operators at Kwai Chung ...

  10. Increases in freight rates buoy OOCL revenues

    Posted Jul 14th 2012, 12:00am

    ... Keith Wallis keith.wallis@scmp.com Orient Overseas Container Line saw revenues climb 5 per cent to almost US$2.88 billion in the first half of this year, buoyed by higher freight rates, especially in the second quarter. The container shipping subsidiary of Orient Overseas (International), controlled by the Tung family, said total container volumes rose 6.1 per cent to 2.59 million ...




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