Cargo

Battle lines drawn for UK cargo volumes

London Gateway will open its first berth late next year.

The flat lands of Britain's east coast seem an unlikely battle ground between two of the world's largest port operators, but DP World's London Gateway will go head-to-head with Hutchison's Felixstowe port for Britain's cargo volumes.

Friday, 12 October, 2012, 3:00am

Cargo carriers eye boost from IPhone 5

With the launch of Apple's iPhone 5, cargo carriers are expecting a rush in shipments to retail markets before Christmas. Photo: EPA

With the launch of Apple's iPhone 5, air cargo carriers and freight forwarders are hoping the latest must-have gadget from the Californian-based technology company will provide a lift to depressed airfreight volumes, especially through Hong Kong.

13 Sep 2012 - 3:05am

Christmas cargo boosts US rates as Europe routes face capacity reduction

Maersk expects Asia-North America volumes to rise as much as 3 per cent, against a 3 per cent drop on Europe routes. Photo: Bloomberg

The shipping lanes of the Pacific and Indian oceans show the diverging fortunes of US and European consumers before the busiest shopping season of the year.

7 Sep 2012 - 4:10am

KC Maritime on expansion course

The Darya Radhe, the first of two 82,000 dwt vessels built for KC Maritime at Daewoo's facilities in Romania. The ship is now on its maiden voyage carrying grain from Ukraine to the Middle East. Photo: Keith Wallis

Hong Kong shipowner KC Maritime is aiming to expand its fleet of dry bulk ships to take advantage of a crash in new and second-hand ship prices, which have fallen between 20 and 30 per cent since 2010.

28 Aug 2012 - 3:38am

Shippers demanding big levy to recoup losses

Hong Kong and mainland exporters face a massive increase in the cost of shipping their goods to North America during the summer peak.

10 May 2012 - 12:00am

Transpacific cargo rates to go up 40pc in May

Cargo owners exporting products to the United States face at least a 40 per cent surge in freight rates by May after shipping lines recommended raising charges following a meeting in Hong Kong last week.

13 Feb 2012 - 12:00am

Holiday headaches for exporters

Hong Kong and mainland exporters, already facing uncertainty over trade prospects in North America and Europe, face another, more immediate, difficulty ahead of the Lunar New Year holiday - getting their products shipped in the first place.

13 Jan 2012 - 12:00am

Heavy weather ahead for world's container fleets

Global shipping faces a turbulent year as a combination of falling freight rates, ship oversupply and tighter bank lending create a perfect storm that could see a surge in ship arrests and corporate failures.

9 Jan 2012 - 12:00am

Trading portal for shipping eyes IPO

A mainland online trading portal for the shipping industry is planning to set up a joint venture with logistics firms and freight forwarders before a possible initial public offering in Hong Kong or on a rival offshore bourse by 2015.

7 Nov 2011 - 12:00am

CSCL expects a better 2012 after steep losses this year

China Shipping Container Lines (CSCL) is forecasting a better year in 2012 after plunging into the red with a 610.67 million yuan (HK$745.4 million) net loss in the first half of this year.

CSCL posted a 1.18 billion yuan interim net profit in 2010.

26 Aug 2011 - 12:00am

Cargo owners count cost as lines benefit from slowing vessels

Cargo owners are facing higher warehousing costs in Hong Kong and other Asian countries as they need to keep more inventory of goods and raw materials to overcome possible supply disruptions as a result of container shipping lines slowing the speed of their ships.

27 Jul 2011 - 12:00am

Slower cargo growth at Hactl, but forwarders not worried

Hong Kong Air Cargo Terminals Ltd (Hactl), the largest cargo handler at the airport, said growth in the amount of cargo handled slowed last month, but freight forwarders expect a big end to the year.

3 Sep 2010 - 12:00am

Rocks substituted for HK$3.8m cargo

Copper wire worth HK$3.8 million was stolen from four cargo containers shipped from the Philippines and replaced with sand and stones, police said yesterday. The owner, who saw the containers loaded in Manila, was present when they were opened at a yard in Tsing Yi and sand spilled from them. Officers are investigating whether the wire was stolen before it arrived in the city.

21 Nov 2009 - 12:00am

Container lines plan to boost westbound rates

Shipping lines including Orient Overseas Container Lines and Cosco Container Lines plan to raise rates on their westbound transpacific routes next month in an attempt to reverse hefty losses.

5 Nov 2009 - 12:00am

Cargo volume in HK declines amid crisis

The volume of cargo passing through Hong Kong's ports shrank 6 per cent in the fourth quarter of last year compared with the year before, reversing a 9 per cent increase in the third quarter.

10 Mar 2009 - 12:00am