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  • April 20, 2014
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  1. Business - Economy - SHIPPING

    Tenth Hong Kong container terminal, costing HK$100b, may not be financially viable, consultants say

    Posted Dec 02nd 2013, 05:23am by Anita Lam

    ... Anita Lam anita.lam@scmp.com Prediction of reduced cargo growth from 2020 means HK$100b container project is unlikely to be financially viable, consultants' report says Tenth HK terminal thrown in doubt A tenth Hong Kong container terminal costing close to HK$100 billion is unlikely to be financially viable, according to a consultancy report due out next month. With only ...

  2. Business - Companies - SHIPPING

    Chairwoman Sabrina Chao steers Wah Kwong Maritime past rocky shoals

    Posted Mar 07th 2014, 11:48am by Charlotte So

    ... Imperial College London, she dived into the testosterone-dominated financial industry. Still, she was apprehensive when she was asked to lead Wah Kwong in place of her father, George Chao, who suffered a second stroke in 2010. As the eldest daughter, Chao had joined the company in 2002 and was focused on the financial side of the business before being appointed vice-chairman in 2007. She ...

  3. Business - Companies - SHIPPING

    Shipping industry set to emerge from five-year downturn

    Posted Feb 08th 2014, 05:12am by Reuters

    ... Reuters in Singapore Dry cargo ships likely to see strongest recovery after a slump caused by years of overcapacity Shipping to emerge from downturn The shipping industry is poised ... and soya beans exceeded dry bulk fleet growth since 2007, Barclays said, as the industry finally shook off a surge in new ship orders in the wake of the boom. However, ship owners who paid high ...

  4. Business - Companies - SHIPPING

    Hong Kong urged to act on port congestion as pressure builds for more capacity

    Posted Mar 10th 2014, 05:59am by Charlotte So

    ... needed to wait for up to four days before berthing during peak seasons. Many barge operators, given their highly fragmented industry, are not entitled to compensation for delays. "As ... all the smaller shipping lines are pushed out of business, we will have fewer choices." But for an industry that is highly cyclical and competitive, some industry veterans said more ...

  5. Business - Money - SHIPPING

    Private equity funds bet US$5b on shipping rebound

    Posted Feb 19th 2014, 01:33am by BLOOM

    ... unit, said. The bank was only talking to buyers in the industry, not financial firms, because "they pursue a different investment strategy". Commerzbank and HSH Nordbank are among ... industry for years, a market for secondary debt did not emerge until 2012, Paul Leand, AMA's chief executive, said. Banks tended to hold on to their loans until regulatory pressure late last ...

  6. Business - Commodities - SHIPPING

    Pacific Basin sees brighter prospects in second half of 2014

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

    ... of construction products. New Zealand's Ministry for Primary Industries revised higher its forest product exports for 2014-15 to NZ$5.3 billion (HK$34.8 billion) from the original forecast of NZ$4.4 ...

  7. 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

    ... year, Lau said. The Hong Kong government has long been criticised as inefficient in promoting the maritime industry. More shipowners were leaving Hong Kong for Singapore because of lower taxes ... Executive Leung Chun-ying's decision to set up a statutory maritime body in his policy address last month. Chao is a member of Hong Kong's advisory Maritime Industry Committee. Instead ...

  8. News - World - SHIPPING

    Panama Canal expansion works halted over costs dispute

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

    ... said, referring to the canal authority by its Spanish initials. The EU's industry commissioner, Antonio Tajani, said news of the work stoppage was "unexpected" after Panama's ...

  9. Business - China Business - SHIPPING

    Subsidies keep Rongsheng Heavy Industries in black

    Posted Aug 22nd 2012, 12:00am by Keith Wallis

    ... Industries, the mainland's largest shipbuilder in terms of order backlog, saw interim net profit for the six months ended June 30 plunge 82.3 per cent to 215.77 million yuan (HK$263.7 million), down from 1.22 billion yuan in the same period last year. Chief financial officer Sean Wang Shaojian said the shipbuilder received 670 million yuan in government subsidies in the first half ...

  10. Business - Economy - SHIPPING

    US industry revival aids shippers as fewer empty containers cross Pacific

    Posted Oct 21st 2013, 03:56am by Anita Lam

    ... the world's biggest economy in the long run. Hsieh said industries returning to the US would increase supply for domestic consumption and slow the growth of US imports in the short term. That would ... years before the US could attain a more balanced trade relationship with China. Hsieh said five major industries including machinery, computers and electronics, plastic and rubbers had already ...




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