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.Wednesday, 15 August, 2012, 10:51pm
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 after trying to seek a deal with creditors.
The filing came 27 years after Sanko made a similar application, only emerging from a court-mandated reconstruction programme in 2000.3 Jul 2012 - 12:00am
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$35.67 million a year earlier. Revenue fell 33 per cent to US$58.52 million, down from US$86.97 million in the first quarter of last year.31 May 2012 - 12:00am
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 industry insiders.23 Apr 2012 - 12:00am
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 temporarily buoy charter rates, the firm said yesterday.19 Apr 2012 - 12:00am
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-management company said.24 Mar 2012 - 12:00am
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.14 Jan 2012 - 12:00am
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.5 Jan 2012 - 12:00am
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 covering a failed ship charter.
The 43,928 deadweight tonne vessel, Yan Shui Hu, is owned by Dalian Yuanchang Shipping which is controlled by Cosco Dalian.9 Dec 2010 - 12:00am
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 shipping markets.2 Jul 2010 - 12:00am