• Wed
  • Sep 17, 2014
  • Updated: 4:47pm


April cargo decline points to 'structural problem'

The 12 per cent slide in Hong Kong's container throughput last month underpinned a structural problem exacerbated by a strike at one of the terminals last month, a port operator said.

Friday, 17 May, 2013, 6:22am

Passengers stop overloaded ferry from sailing

Safety on board a vessel belonging to the ferry company involved in last year's deadly sea collision came under fire again yesterday, as angry passengers stopped the boat from leaving the dock because it was clogged with cargo.

11 May 2013 - 5:32am 1 comment

Port measures Hong Kong dock workers' strike at 90 ships

A total of 90 vessels are expected to have bypassed the Kwai Tsing container terminals run by the strike-hit port operator if the walkout lasts until April 21, the company says.

10 Apr 2013 - 7:58am

Airline profits to rise amid recovery of cargo sector

The International Air Transport Association (IATA), which represents 240 airlines comprising 84 per cent of global air traffic, said airlines are on course to post total net profits of US$10.6 billion this year, up from December's forecast of US$8.4 billion. Total revenues are projected to climb by US$12 billion to US$671 billion this year.

21 Mar 2013 - 5:30am

Samsung's new Galaxy S4 smartphone will boost freight sales for Korean Air

Samsung may ship about 44 million of the smartphones in the second and third quarters, according to Young Park, an analyst at Woori Investment & Securities in Seoul. A Boeing 747-8 freighter plane carrying nothing else can hold about one million phones.

16 Mar 2013 - 7:11am

Weak Western growth to hit cargo demand

Anaemic growth in the US and little improvement in Europe's economic conditions will make 2013 as "challenging" as last year for Orient Overseas Container Line (OOCL), the financial head of the shipping line's parent company said yesterday.

7 Mar 2013 - 6:12am

Shipping firms brace for survival battle

Tim Huxley, chief executive of Wah Kwong Maritime Transport, said poorly performing shipping markets could result in further bank foreclosures on ship finance loans and charterers returning vessels to owners.

6 Feb 2013 - 4:43am

Logistics sector has to act now to meet new regulations: John Tsang

The EU and the US are planning tighter regulations for checks on incoming cargoes at departing airports.

28 Jan 2013 - 5:41am

Rebound in Asian cargo buoys US shippers

A pickup in air cargo shipments from Asia may benefit shares of Expeditors International and FedEx as global economic growth improves.

19 Jan 2013 - 5:12am

Tighter US security measures cause little impact on air cargo industry

Tougher security measures introduced last month for some US-bound cargo at Hong Kong International Airport have had little impact on airfreight operations so far, industry experts said.

3 Jan 2013 - 4:55am