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  • July 30, 2014
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  1. 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 ...

  2. Worker tries to 'rescue' containers

    Posted Apr 11th 2011, 12:00am

    ... Simpson Cheung A worker plunged into the sea and tried to recover two empty containers that fell into the water off Kwai Chung No5 container terminal, at noon yesterday. He retrieved one but the other sank. Marine police and fire service vessels arrived at the scene, but the worker swam back to shore unhurt. Workers later used machinery to recover the second container. ...

  3. Rising container prices propel Singamas profits

    Posted Aug 17th 2011, 12:00am

    ... Keith Wallis keith.wallis@scmp.com Shares in Singamas Container Holdings closed up more than 11 per cent yesterday after the world's second-largest maritime container maker saw ... increase in revenue from container-making activities, which contributed 98.3 per cent of turnover. This came after the company sold 394,310 20-foot equivalent units (teu) in the first half against ...

  4. Container hire firm in HK$1.5b offering

    Posted Aug 02nd 2011, 12:00am

    ... Charlotte So charlotte.so@scmp.com China Shipping Nauticgreen, a container leasing arm of China Shipping Group, is to raise as much as HK$1.5 billion in an initial public offering in Hong Kong. As one of the top 10 container leasing companies in the world, Nauticgreen owns and manages 283,538 containers, representing 456,416 20ft equivalent units (TEUs). The company expects ...

  5. News - Hong Kong - PORTS

    Terminal operator seeks court order to end strike

    Posted Apr 01st 2013, 12:00am by Johnny Tam

    ... Johnny Tam johnny.tam@scmp.com Terminal operator seeks court order to end strike A port operator at the Kwai Tsing Container Terminals is seeking an injunction to force hundreds of dockers ... to continue the strike until their demands were met. Gerry Yim Lui-fai, managing director of Hongkong International Terminals, which operates five of the nine terminals, said: "I've signed ...

  6. Yangtze trade link faces hitch

    Posted Nov 07th 2011, 12:00am

    ... of multimodal networks has placed a huge burden on costs and efficiency. The railway containers venture is building a network of 18 container terminals at strategic locations, with depots in Shenzhen, Guangzhou, Beijing, Ningbo and Shenyang among the nine terminals due to open next year. DB Schenker, an offshoot of the German railway company, is also due to launch a daily rail container service ...

  7. 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 ...

  8. 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 ...

  9. Container lines plan to boost westbound rates

    Posted Nov 05th 2009, 12:00am by Charlotte So

    ... Charlotte So Shipping lines including Orient Overseas Container Lines and Cosco Container Lines plan to raise rates on their westbound transpacific routes next month in an attempt to reverse hefty losses. The freight rates for a 20-foot equivalent unit (teu) container shipped from the ports of Los Angeles and Long Beach would increase US$80 from December 1, according ...

  10. Business - Commodities - COMMODITIES

    Macquarie takes full control of US terminals business

    Posted Jul 09th 2014, 05:20am by Bloomberg

    ... Bloomberg in Sydney Australian group buys rest of firm it does not already own as it eyes commodities expansion Macquarie takes controlof US terminals business Macquarie agreed to take full control of a US bulk liquid terminals operation as Australia's largest investment bank expands its commodities and North American businesses. Macquarie Infrastructure, which owns ...




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