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  1. Business - Companies - SHIPPING

    Exporters to bear brunt as shipping lines raise rates

    Posted Feb 15th 2013, 12:00am by Keith Wallis

    ... brunt as shipping lines raise rates Exporters shipping goods from Hong Kong and other Asian ports to Europe and the Middle East face higher freight charges next month as container shipping lines attempt to boost revenue and profit despite lacklustre demand. The increases would be equivalent to a 50 per cent surge in the cost of shipping a 20-foot container from Shanghai to Europe based ...

    http://www.scmp.com/business/companies/article/1150449/exporters-bear-brunt-shipping-lines-raise-rates
  2. Business - Companies - SHIPPING

    Carrier lobby groups secure nod for merger

    Posted Apr 15th 2013, 12:00am by Keith Wallis

    ... in the United States has approved the merger of two container line lobby groups that together control most of the containerised cargo shipped between Asia and America. Sources said a formal announcement ... Stabilisation Agreement. The 15 TSA members, which include Orient Overseas Container Line, Cosco Container Lines, China Shipping Container Lines and Maersk Line, control about 85 per cent of the freight ...

    http://www.scmp.com/business/companies/article/1214776/carrier-lobby-groups-secure-nod-merger
  3. Business - Companies - SHIPPING

    Fuel cost key to survival, says Swire

    Posted Apr 11th 2013, 12:00am by Keith Wallis

    ... and development Fuel cost key to survival, says Swire Fuel price is the biggest issue facing the airline and shipping industries, the chairman of John Swire & Sons said yesterday. James Hughes-Hallett said fuel costs meant "survival or failure" for airlines, while in the shipping sector, high fuel prices were generating "excitement" about more fuel-efficient eco-ships ...

    http://www.scmp.com/business/companies/article/1211845/fuel-cost-key-survival-says-swire
  4. Business - Companies - SHIPPING

    Singamas stays hopeful despite profit slump

    Posted Mar 26th 2013, 12:00am by Keith Wallis

    ... prices. He predicted the delivery of new container ships would peak in the next two years. Shipping capacity would climb from 16.34 million teu (20-foot equivalent units) at the end of last year ...

    http://www.scmp.com/business/companies/article/1199791/singamas-stays-hopeful-despite-profit-slump
  5. Business - Companies

    Mixed fortunes ahead, says Cosco International

    Posted Mar 22nd 2013, 12:00am by Keith Wallis

    ... Keith Wallis keith.wallis@scmp.com Choppy seas ahead, says Cosco service arm Cosco International, the marine fuels, paints and ship-trading offshoot of China's largest shipping company, is facing mixed fortunes this year as shipping markets get tougher and it targets opportunities and acquisitions, executives said yesterday. The company's chairman, Ye Weilong, said ...

    http://www.scmp.com/business/companies/article/1196710/mixed-fortunes-ahead-says-cosco-international
  6. Business - Companies - SHIPPING

    HK shipping executive seeks US$1m in unpaid wages from French firm

    Posted Sep 04th 2012, 12:00am by Keith Wallis

    ... Keith Wallis keith.wallis@scmp.com Top Hong Kong shipping executive seeking more than US$1 million in unpaid wages and bonuses from French shipping firm CMA CGM Captain seasick over lost wages A top Hong Kong shipping executive is seeking more than US$1 million in unpaid wages and bonuses from leading French container shipping company CMA CGM, the High Court heard yesterday. ...

    http://www.scmp.com/business/companies/article/1029018/hk-shipping-executive-seeks-us1m-unpaid-wages-french-firm
  7. Business - Companies - COURTS

    HNA-owned shipping firm Grand China Shipping chased for US$60m

    Posted Apr 25th 2013, 12:00am by KIETH WALLIS

    ... Keith Wallis keith.wallis@scmp.com HNA-owned shipping firm is chased for US$60m Creditors are seeking at least US$60 million from Grand China Shipping (Hong Kong), a Hong Kong-registered shipping subsidiary of HNA Group, a leading mainland company which has financier George Soros as a shareholder. Legal sources said the total amount, which includes unpaid charter hire and ship ...

    http://www.scmp.com/business/companies/article/1222315/hna-owned-shipping-firm-grand-china-shipping-chased-us60m
  8. Business - Banking & Finance - SHIPPING

    Leasing firm seeks to double portfolio

    Posted Apr 12th 2013, 12:00am by Keith Wallis

    ... Keith Wallis in Singapore keith.wallis@scmp.com ICBC Financial Leasing looks to foreign shipowners to raise the value of ship assets this year after signing 51-vessel agreement Leasing firm seeks to double portfolio ICBC Financial Leasing is targeting foreign shipowners with leasing deals as it seeks to double the value of its ship asset portfolio this year, a senior ...

    http://www.scmp.com/business/banking-finance/article/1212619/leasing-firm-seeks-double-portfolio
  9. Business - Companies - SHIPPING

    Time to buy dry bulk bargains, says chief

    Posted Mar 06th 2013, 12:00am by Keith Wallis

    ... Keith Wallis keith.wallis@scmp.com Head of Pacific Basin Shipping says prices for secondhand cargo vessels have bottomed out, after falling up to 50pc over the past two years Time to buy dry bulk bargains, says chief With prices of secondhand dry cargo ships falling 30 to 50 per cent in the past two years, now is the time to start buying again, said the head of dry bulk ship ...

    http://www.scmp.com/business/companies/article/1180399/time-buy-dry-bulk-bargains-says-chief
  10. US regulator optimistic on shipping reform

    Posted Sep 15th 2010, 12:00am by Keith Wallis

    ... does the 60-something have to act as a regulatory policeman, but he also has to have the judgment of Solomon, balancing the sometimes contradictory and competing interests of shipping lines, shippers, cruise lines and ports with a sense of fair play and equality. It is against this background that the former port and shipping executive is overseeing one of the biggest reviews of US ...

    http://www.scmp.com/article/724777/us-regulator-optimistic-shipping-reform

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