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  • July 25, 2014
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  1. Business - China Business - SHIPPING

    Shenzhen port chiefs bid to lure container shipping lines from Hong Kong

    Posted Nov 25th 2013, 03:52am by Anita Lam

    ... international carriers have diverted hundreds of thousands of boxes a month away from Kwai Chung Container Terminals. One port operator in Shenzhen, requesting anonymity, said other ports and shipping lines feared they might lose out if they did not adopt the same practice. Alan Lee Yiu-kwong, chairman of the Hong Kong Container Terminal Operators Association, said they had raised the issue ...

  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. Singamas expects order boom in second half

    Posted Aug 25th 2004, 12:00am by Annette Chiu

    ... Annette Chiu Singamas Container Holdings expects shipping lines and leasing companies to place more orders in the second half as they abandon hopes that steel prices may fall in the near future. The world's No2 container maker said production would exceed 500,000 teu (20-foot equivalent units) this year, against 466,000 boxes last year, due to strong demand for shipping ...

  6. Business - Companies

    DP World sees falling container volumes

    Posted Aug 01st 2013, 12:00am by Bloomberg

    ... in Europe and Asia-Pacific. Volumes fell 5.8 per cent to 26.6 million twenty-foot equivalent units (teu) across DP World's group of container terminals because of "challenging market ... multimodal port terminal. Embraport is being built next to Porto de Santos, Brazil's biggest container terminal. DP World has also invested in the London Gateway, a deep-sea container port ...

  7. Tianjin Port to build three container berths

    Posted May 23rd 2007, 12:00am by Charlotte So

    ... Charlotte So in Tianjin Tianjin Port Group will build three container berths at Beigangchi port in the northeastern city of Tianjin for about three billion yuan, according to its senior management. Two shipping lines were in talks to buy as much as 40 per cent of the project, the unlisted container terminal operator said. 'We are negotiating with French shipping lines CMA CGM ...

  8. Container falls on truck, killing driver

    Posted Jul 03rd 2007, 12:00am by Agnes Lam, Martin Wong

    ... Martin Wong and Agnes Lam Man, 55, crushed in pier accident A 55-year-old driver was crushed to death yesterday when a shipping container plunged 12 metres from a crane onto his truck. The truck had been waiting under the crane on a Kwai Chung pier for the container to be loaded. Union leaders described the accident as rare but said some truck drivers were concerned about ...

  9. Training blitz after fatal cargo terminal accident

    Posted May 24th 2005, 12:00am by Agnes Lam

    ... at container terminals. The Observatory has developed the half-day course in response to a fatal accident early this month caused by typhoon-strength gusts of wind. A driver was killed and another two men were injured when the wind toppled empty containers onto their trucks at the Hong Kong International Terminals (HIT). All cargo terminals are required to employ full-time safety officers ...

  10. China Shipping Container Lines earnings sink 76pc as rates fall

    Posted Apr 11th 2007, 12:00am by Charlotte So

    ... Charlotte So China Shipping Container Lines, the country's second-largest container shipping company, said profit declined 76 per cent because of falling freight rates and a rise in fuel cost. Net profit shrank to 859.2 million yuan, or 14 fen per share, from 3.58 billion yuan a year earlier as sales rose 7.5 per cent to 30.5 billion yuan. Sales rose as the company ...




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