Members of the Transpacific Stabilisation Agreement (TSA), a carrier discussion forum, plan to increase rates across the board by US$400 per 40-foot container from next May.Wednesday, 20 October, 1999, 12:00am
Troubled freight-forwarder E-Life International has agreed to a debt-restructuring plan with its principal banker, according to chairman Pak Chung.
Informal agreements had also been reached with other banks and creditors, he said.
E-Life, formerly Jet Air International, faces two winding-up notices put forward by creditors claiming $5.88 million and $2.3 million.1 Oct 1999 - 12:00am
Shippers consider the imposition of terminal handling charges (THCs) 'an abuse of cartel conferences' dominant market power', the 19th tri-partite shippers' meeting has declared.12 Jul 1999 - 12:00am
The controversial issue of terminal handling charges (THC) will be one of the main points discussed at a shippers' councils conference in Tokyo on Wednesday and Thursday.5 Jul 1999 - 12:00am
The Hong Kong Shippers' Council has proposed setting up a consultation mechanism with shipping conferences to discuss increases in terminal-handling charges.
The council yesterday told the Legislative Council's Economic Services Panel that under the proposal, any increases in charges by conferences would be subject to a 90-day notice period.29 Jun 1999 - 12:00am
Hong Kong shippers have asked shipping lines to consider either reducing terminal handling charges (THCs) by at least 30 per cent or to incorporate the levy into an all-in-one freight charge similar to the situation before the 1990s.28 Jun 1999 - 12:00am
Shipping lines will not hesitate to change terminal handling charges (THCs) before next year if there is a commercial need to do so, the Hong Kong Liner Shipping Association says.24 May 1999 - 12:00am
Can there be anyone left in the world who has not heard market evangelists from the US preach about how they have got it right and almost everyone else has got it wrong? You know the line.15 Apr 1999 - 12:00am
Hong Kong exporters can enjoy considerable cost and time savings by using a combination of 'right-choice' factors for transporting their cargo to the growing markets in central and Eastern Europe, a port official says.5 Apr 1999 - 12:00am
Amendments to the merchant shipping regulations on safety in the transport of cargo by ships were gazetted on Friday.
A Marine Department spokesman said the amendments would enhance the safety requirements involving carriage of cargoes.29 Mar 1999 - 12:00am
The United States' Ocean Shipping Reform Act (Osra), which comes into effect on May 1, will force non-vessel-operating cargo carriers (NVOCCs) to decide whether they want to be shippers or carriers, an official says.19 Mar 1999 - 12:00am
The Federal Maritime Commission (FMC) will initiate 'enforcement proceedings and action' against some carriers in the trans-Pacific trades to stop alleged malpractices.17 Mar 1999 - 12:00am
The Federation of Hong Kong Industries has warned it will seek a solution through legislation if the terminal handling charge (THC) row between shipping conferences and shippers is not satisfactorily resolved.10 Feb 1999 - 12:00am
The US Federal Maritime Commission (FMC) has hinted there will be significant changes to rules relating to the 1998 Ocean Shipping Reform Act before they are implemented in March.8 Feb 1999 - 12:00am
Deregulation of shipping in the United States in May will allow APL to tie its full range of logistics services into US customer contracts for the first time, a director says.20 Jan 1999 - 12:00am