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  • July 26, 2014
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  1. Business - Economy - SHIPPING

    Asian bulk capesize rates seen falling as ships exceed new cargo volumes

    Posted Jul 11th 2014, 01:31am by Reuters

    ... Reuters in Singapore Freight charges will continue to sink as underactive market sees available charter ships on vital Asian routes exceed new cargo volumes Brokers predict fall in Asian bulk capesize rates Rates for capesize bulk carriers on key Asian ro ...

  2. Business - Economy - SHIPPING

    Shipping industry moves into digital age with automated booking

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

    ... more like buying a plane ticket. About 160 million containers filled with goods crossed oceans last year, 13 per cent of them bound for North America and 21 per cent for Europe, according ... this because it's a huge drain on our economy," he said. Ocean Audit reviewed invoices to find mistakes in customers' favour, taking 50 per cent of the savings, Ferreira said. Other ...

  3. Business - Economy - SHIPPING

    Asian ports need to be as efficient as Europe, shipping executive says

    Posted Nov 15th 2012, 12:00am by Keith Wallis

    ... 'need to catch up with Europe' Hong Kong and other Asian ports are falling behind European port operators in terms of productivity, a senior shipping executive has warned. Nicolas Sartini, group senior vice-president of Asia-Europe lines at French container line CMA CGM, said some European ports were 50 per cent more efficient at loading and unloading containers than those ...

  4. Business - Economy - SHIPPING

    Container carriers raise rates to seek profit on Asia-Europe route

    Posted Oct 26th 2012, 12:00am by Bloomberg

    ... Bloomberg in Hamburg The container lines have been losing money because of overcapacity and lower demand Carriers raise rates to seek profit on Asia-Europe route Europe's largest container lines are making an attempt to increase Asia-Europe rates to more than break-even levels and restore profit before the end of the year. Capacity cuts may boost their chance of success. AP ...

  5. Business - Companies - SHIPPING

    OOIL earnings tipped lower on oversupply, freight rates fall

    Posted Mar 08th 2014, 01:40am by Charlotte So

    ... OOIL's fourth-quarter rates reached the lowest point of the year in most of its main markets, including transpacific, Asia-Europe and intra-Asia trade lanes, which account for more than 80 per ... is the single largest trade lane for the company, according to company statements filed with the Hong Kong stock exchange in January. Asia-Europe freight rates dipped 9.5 per cent while transpacific ...

  6. Business - Commodities - SHIPPING

    Pacific Basin sees brighter prospects in second half of 2014

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

    ... stay strong despite the still uncertain outlook for the global economy. Food imports are being fuelled by the twin engines of rising household incomes and the vulnerability the country's ... in the sector which it sees getting even stronger this year. Pacific Basin benefits as increasing affluence on the mainland, the world's second-biggest economy, sees consumers buy increasingly ...

  7. Business - China Business - SHIPPING

    Hong Kong port loses out to bigger berths in Shenzhen

    Posted Feb 13th 2014, 01:24am by Charlotte So

    ... alliance, which has yet to be approved by mainland China, European Union and the United States, is likely to have a 37 per cent share of the Asia-Europe trade and 24 per cent of the transpacific ...

  8. 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

    ... Charlotte So charlotte.so@scmp.com New government maritime department will provide one-stop shop focusing on shipping services in order to compete with Singapore Bureau to shore up city's sea hub role The Hong Kong government plans to set up an inter ...

  9. News - World - SHIPPING

    Panama Canal expansion works halted over costs dispute

    Posted Feb 06th 2014, 09:29pm by AP

    ... Tajani, an Italian whom the European members of the consortium had asked to intervene in the dispute. "Interruption of the work would be bad news for employment, for the worldwide economy ...

  10. Business - Companies - SHIPPING

    Dry-bulk carriers ride new trend in energy industry

    Posted Aug 05th 2013, 12:00am by Anita Lam

    ... pellets remains small and their use in power generation is largely subsidy-driven, confined mainly to advanced economies in Europe, Berglund said he did not see why the trend could not be taken up ... of exponential growth in seaborne coal trade may have passed, but the steady rise in steel output and increasing domestic consumption in China and other emerging economies will support dry-bulk shipping ...




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