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  • April 19, 2014
  • Last updated: 12:57am
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  1. 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

    ... of alliances in shipping lines will further stretch the limits of the already crowded port. Port operators were coming under increasing pressure to become more efficient as alliances of shipping ... in Hong Kong are worried that the alliance members could squeeze out smaller shipping lines. "[The alliance members] could ask for favourable berthing windows during the weekends, making ...

  2. Business - Companies - SHIPPING

    Increased freight rates start year on high note for container shipping lines

    Posted Jan 07th 2014, 11:14am by Charlotte So

    ... last year, a forecast by 11 institutes and research houses said. Shipping lines were quite successful in raising their rates as planned last month and at the beginning of this month ... but they are now at a level that marginally covers our costs,” said Huang Xiaowen, managing director of China Shipping Container Lines. The freight rates seem to have increased very rapidly on the European ...

  3. Business - Companies - SHIPPING

    OOIL earnings tipped lower on oversupply, freight rates fall

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

    ... particularly those in Asia, Leung said. Overcapacity has forced shipping lines to cut rates to boost utilisation of their vessels. Container demand growth for last year was likely around 3.5 per cent, ...

  4. Business - Companies - SHIPPING

    Chairwoman Sabrina Chao steers Wah Kwong Maritime past rocky shoals

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

    ... line. Wah Kwong owns a fleet of 27 ships, including dry bulk vessels, tankers and liquefied petroleum gas carriers. It plans to increase the size of the fleet to 40 by 2016. Chao believes ...

  5. News - World - SHIPPING

    Two US guards found dead on ship Maersk Alabama in Seychelles

    Posted Feb 20th 2014, 08:54pm by AP

    ... on Wednesday. Maersk Line said the deaths were "not related to vessel operations or their duties as security personnel". Several crew members who were aboard the ship when it was hijacked in 2009 are suing Maersk Line Waterman Steamship over the attack. The hijacking captured headlines in 2009 and again when the movie, Captain Phillips, was released recently. The five-day hijacking ...

  6. Business - China Business - SHIPPING

    Shenzhen port chiefs bid to lure container shipping lines from Hong Kong

    Posted Nov 25th 2013, 03:52am by Anita Lam

    ... Anita Lam anita.lam@scmp.com Port chiefs advise big foreign carriers to skip Hong Kong, threatening transshipment trade Shenzhen tries to lure container lines from HK Port authorities ... cargo from one mainland port to another. This regulation is designed to protect the monopoly of domestic shipping lines on the near-sea trade. However, a document seen by the Post showed ...

  7. Business - Companies - SHIPPING

    Hong Kong warned fuel slug may turn lines away

    Posted Nov 18th 2013, 11:58am by Anita Lam

    ... turn lines away Ships calling at Hong Kong will face higher costs when legislation requiring vessels to switch to cleaner marine fuel upon berthing is passed next year. Some carriers may, as a result, switch to neighbouring ports in Shenzhen. To prevent this, shipowners said, the government should consider extending a scheme that subsidises shipping lines – many of which are expected ...

  8. Business - Companies - SHIPPING

    CSCL unit buys 24pc stake in terminal in Belgium

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

    ... Keith Wallis keith.wallis@scmp.com CSCL unit buys 24pc stake in terminal in Belgium China Shipping Terminal Development will make its first terminal investment in Europe after agreeing to buy a 24 per cent stake in APM Terminals Zeebrugge in Belgium. The move came six months after the firm, which is wholly owned by China Shipping Container Lines, expressed interest in taking ...

  9. Business - Companies - SHIPPING

    Beijing's help sought for Hong Kong trade deal with Asean

    Posted Oct 30th 2013, 03:31am by Anita Lam

    ... the city's port terminals. Tung Chee-chen, the chairman of Hong Kong's biggest container line Orient Overseas (International) Ltd (OOIL) and a member of the Hong Kong Port Development Council, ... OOIL's orders had improved in the fourth quarter, other operators were feeling the strain. Shanghai-based container line China Shipping Development, which lost 1.2 billion yuan (HK$1.5 billion) ...

  10. Business - Economy - SHIPPING

    US industry revival aids shippers as fewer empty containers cross Pacific

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

    ... manufacturing revival aids shippers Shipping lines hope the return of manufacturing to the United States will correct the imbalance of cargo on vessels plying transpacific trade lanes, but the prospect ... to 2014. However, shipping lines continued to find themselves moving large amounts of empty containers back to Asia after goods were unloaded in the US. "Many shipping lines hate delivering ...




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