Chartering

Shipping firm's beef about paint 'baseless'

2 Aug 2012

A Scandinavian shipowner has hit back at claims by a Hong Kong shipping company that technical issues led it to return four ships it had on charter from the Western firm.

10:51PM

HK weighs options as Sanko line sinks

3 Jul 2012

Hong Kong's maritime community was weighing the impact on its operations after Sanko Steamship, Japan's fourth-largest shipping company, filed for bankruptcy protection yesterday, four months...

7:10PM

Jinhui net profit slumps 75pc in first quarter

31 May 2012

Jinhui Shipping and Transportation, the Oslo-listed, Hong Kong headquartered shipping firm, saw net profit slump 75 per cent to US$8.84 million in the first quarter of this year, down from US$35....

4:15PM

Shipowners on verge of a buying frenzy, insiders say

23 Apr 2012

Hong Kong shipowners could be poised to invest heavily in new fuel-efficient ships at rock-bottom prices, despite ongoing concerns about overcapacity and uncertain cargo growth, according to...

1:18PM

Pacific Basin sees rebound in demand

19 Apr 2012

Pacific Basin Shipping, which specialises in transporting dry bulk cargoes including fertiliser and steel, was expecting a rebound in demand and volumes in the second quarter that should...

12:58PM

Efficiency driving shipping rents as fuel costs rise

24 Mar 2012

Shipping lines could see a two-tier market emerge for their vessels as a result of soaring fuel prices and the introduction of more fuel-efficient ships, the head of Hong Kong's largest ship-...

11:04AM

Opinion

The last straw for Terry Wong?

2:53PM

Alex Lo

We need a sober view of sexual violence

3 comments

4:10AM

Cargo ship seized in US$1.2m dispute freed

Admiralty judge Anselmo Reyes yesterday freed a dry cargo ship that had been under arrest since Christmas Day in a dispute over a charter hire agreement involving more than US$1.2 million.

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5:23AM

Confusion over rules on port oil spills

Shipowners with ships calling at mainland ports face tougher oil pollution regulations, but there is still confusion about the way the rules are being implemented at the ports.

4:38AM

Lawyers seize mainland oil tanker

An oil tanker owned by an offshoot of China Ocean Shipping, the mainland's largest shipping company, was seized by lawyers in Hong Kong yesterday in a dispute over the payment of US$32.4 million...

7:10AM

Shippers face choppy waters as rates slump

Shipping lines, including Hong Kong operators, face an uncertain six months as concern about Chinese steel demand and the strength of European economies cloud both the dry bulk and container...

6:51AM

Baltic Dry Index follows drop in forward rates

The Baltic Dry Index (BDI) retreated yesterday following a plunge in forward freight contract rates, as shipping companies concluded the rally in the bulk shipping market was unsustainable.

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11:13PM

Shipping stocks surge on freight rate signs

Shares in bulk shipping companies and coal miners surged yesterday on speculation of substantial rebound in freight rates in the fourth quarter with the revival in demand for iron ore and coal...

10:14AM