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  • September 19, 2014
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  1. Rail Container to boost trade with Russia

    Posted Dec 10th 2010, 12:00am by Toh Han Shih

    ... Toh Han Shih A recently launched Sino-Russian railway container joint venture is expected to significantly boost container trade between both countries, by offering door-to-door delivery of containers using trains and trucks. Rail Container, the joint ven ...

  2. Shipping lines asked to report on benefits of slow steaming

    Posted Feb 07th 2011, 12:00am by Keith Wallis

    ... Keith Wallis Exporters and container shipping lines in Hong Kong and the mainland are being urged by US federal maritime authorities to help quantify the cost and environmental benefits of ships sailing at slower speeds. The move is part of a worldwide pr ...

  3. Sale of property unit lifts bottom line at OOIL

    Posted Aug 06th 2010, 12:00am by Keith Wallis

    ... Keith Wallis Orient Overseas (International) Ltd saw its shares climb to their highest level this year after the company unveiled a 654 per cent rise in net profit to US$1.28 billion for the first six months of this year. Shares of the Tung family-control ...

  4. Cosco to spend US$1.5b on new fleet

    Posted Jul 05th 2011, 12:00am

    ... Keith Wallis Keith.wallis@scmp.com Cosco Shipping, the heavy-lift and project cargo subsidiary of the mainland's largest shipping company, will spend about US$1.5 billion over the next four to five years buying up to 40 new ships to replace older ves ...

  5. Upbeat forecast for container shipping sector

    Posted Jan 21st 2011, 12:00am by Keith Wallis

    ... Keith Wallis The good news for shipowners and investors is that booming trade growth between Asia and the rest of the world is set to buoy container shipping companies such as Orient Overseas Container Line and China Shipping Container Lines. The bad news ...

  6. Forwarder ordered to pay 'dead cargo' bill as verbal pact upheld

    Posted Jan 04th 2011, 12:00am by Keith Wallis

    ... Keith Wallis A deputy District Court judge has awarded a Hong Kong freight forwarder HK$745,000 compensation against another local logistics firm to settle a claim for payment for air cargo that was never carried. The law firm representing the company tha ...

  7. Shippers to ask Beijing to act on 'unfair' surcharges

    Posted Jan 01st 2011, 12:00am by Keith Wallis

    ... Keith Wallis Shipper groups in Hong Kong and the mainland plan to lobby Beijing over what they say are unfair and costly surcharges levied by container shipping lines on freight shipments. This comes as Maersk, the world's largest container line, pla ...

  8. Rival sees Shanghai port as busiest

    Posted Oct 02nd 2010, 12:00am by Keith Wallis

    ... Keith Wallis in Singapore Singapore has admitted Shanghai could leapfrog the city state as the world's busiest container port this year, buoyed by China's strong trade growth. Teo Chee Hean, Singapore's deputy prime minister and defence min ...

  9. OOIL sales fall 42.3pc on slow demand pick-up

    Posted Oct 21st 2009, 12:00am by Charlotte So

    ... Charlotte So Orient Overseas (International) Ltd (OOIL) yesterday posted a 42.3 per cent decline in third-quarter sales as weaker than expected demand thwarted attempts by container shipping lines to raise rates. 'The back-to-school demand was not as ...

  10. OOIL reports US$232m loss amid sinking freight rates

    Posted Aug 08th 2009, 12:00am by Charlotte So

    ... Charlotte So Orient Overseas (International) Ltd, the shipping-to-property company controlled by the family of former chief executive Tung Chee-wah, posted its first loss since 1998 as freight rates dived. The outlook for the second half looked challengin ...




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