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  • April 25, 2014
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  1. 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 ... as a maritime hub over the past few years. The new maritime bureau is expected to include port development but the priority will be on promoting shipping services, such as ship management as well ...

  2. Business - Money - SHIPPING

    Private equity funds bet US$5b on shipping rebound

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

    ... Hartland Shipping Services, a London-based ship broking and consulting company, said investor demand was driving prices as high as 90 US cents on the dollar, from 70 to 80 US cents a year ago. ... in stress scenarios. The review and new guidelines by the European Banking Authority will lead to increasing bad debt provisions, Moody's Investors Service said in a December report. Rather ...

  3. Business - China Business - SHIPPING

    Hong Kong port loses out to bigger berths in Shenzhen

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

    ... trade. The rationalisation of the services of P3 members, with 255 vessels on 29 loops, will come through consolidation in vessel rotations and the replacement of small vessels with bigger ships. ...

  4. News - Hong Kong - SHIPPING

    Floating junk a threat to ships in Hong Kong waters

    Posted Nov 30th 2013, 04:21am by THOMAS CHAN SAMUEL CHAN

    ... yesterday. Captain Tony Yeung Pui-keung, the manager of the Maritime Services Training Institute, said it could be difficult for skippers to spot the floating objects at night, especially ...

  5. Business - Economy - SHIPPING

    US industry revival aids shippers as fewer empty containers cross Pacific

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

    ... goods to inland ports such as Kansas or Detroit because you don't get much cargo back to Asia," said Issac Fung of freight forwarder Topocean Consolidation Service, which focuses ...

  6. Business - Companies - SHIPPING

    Gnanalingam joins billionaires' ranks

    Posted Oct 04th 2013, 12:00am by BLOOM

    ... of the engineers at a pit stop in being able to change the tyres of a Formula One car and service it in just seconds. "If I have to change the tyres of my car, that will take half an hour," he ...

  7. Business - China Business - SHIPPING

    Guangxi gets moving on freight

    Posted Aug 26th 2013, 12:00am by Charlotte So

    ... shipping lines as they are taking advantage of the intermodal connection between Fangchenggang and Kunming to offer services that have radically cut transit costs. Previously, the fertiliser coming ... that could only be taken to Fangchenggang by truck. With the new sea-rail intermodal container service, the fertiliser can now be loaded into containers and taken straight to the port ...

  8. Business - Companies - SHIPPING

    Sinotrans sees shipping recovery as profit increases

    Posted Aug 23rd 2013, 12:00am by Charlotte So

    ... to 116 million yuan. The profit margin at Sinotrans' freight forwarding business was 1.9 per cent. The company said it is trying to reach out for more value-added services, such as third-party logistics services, to increase its profit margins. "Multi-international companies are more inclined to out-source their logistics function to save cost and what we are doing now ...

  9. Business - Companies - SHIPPING

    Orient Overseas slumps to first-half loss

    Posted Aug 09th 2013, 12:00am by Anita Lam

    ... to 3.5 per cent in 2015. "We will maintain our competitiveness by providing the right tonnage and services," he told reporters. "For our vessels, that is achieved by controlling ...

  10. Business - China Business - SHIPPING

    New orders threaten dry-bulk recovery

    Posted Jul 23rd 2013, 12:00am by Reuters

    ... at about US$13,000 a day, according to Clarkson Research Services. The operating cost of a Capesize vessel is about US$7,000 a day, with the shipping company paying finance costs on top of that. ... cent in the five months to May, according to official data. But consultants Drewry Maritime Services said the dry bulk shipping recovery might be short-lived and could replicate ...




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