Container Ship

Bank rescue, China data buoy shipping

Shares in a raft of shipping firms soared yesterday amid upbeat investor sentiment following the release of sharply higher mainland export and import figures for May and optimism about a bailout of Spanish banks.

Tuesday, 12 June, 2012, 12:00am

Ship recycling centre will be north China's largest

Dalian Shipbuilding Industry has teamed up with Angang Steel and one of Asia's largest shipping companies to launch a 3 billion yuan (HK$3.69 billion) ship repair and recycling complex that will be the biggest such facility north of Shanghai.

4 May 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

Shippers rock boat with security fees

Hong Kong's exporters have urged container lines to explain the level of security surcharges imposed to pay for armed guards and other anti-piracy paraphernalia on ships transiting the Indian Ocean and other nearby pirate-infested waters.

31 Oct 2011 - 12:00am

Container lines in the doldrums

September and October are traditionally the busiest times for container lines as they transport toys, electronics, clothes and other Christmas essentials from factories in China to store shelves in Europe and North America.

21 Sep 2011 - 12:00am

US watchdog extends monitoring

Maritime regulators in the United States will maintain a close watch for potentially anti-competitive behaviour by container lines operating transpacific services until at least the end of April next year.

12 Sep 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

Slower external demand may cut port investment

Weak demand in the United States and Europe could reduce investments in China's ports by as much as 137 billion yuan (HK$167 billion) over the period of the 12th five-year plan from 2011 to 2015 versus the previous five-year period, said Chinese officials at the Port Planning and Design China conference in Shanghai.

22 Aug 2011 - 12:00am

Jinhai wins big order from British firm

Graig Group, the British shipowner, ship design and ship services firm, has ordered up to 26 feeder container ships from mainland shipbuilder Jinhai Heavy Industry, to take advantage of a boom forecast in intra-Asia trade.

14 Jul 2011 - 12:00am

Cosco loss reflects state of dry bulk shipping

The slump into the red suffered by China Cosco Holdings in the first quarter of this year bodes ill for other shipping companies specialising in the dry bulk sector, a leading transport analyst said yesterday.

30 Apr 2011 - 12:00am

Price war looms for shipyards on the mainland

Chinese shipyards could find it more difficult to compete against South Korea and Japanese on price alone if the yuan continues to appreciate against the US dollar, according to a leading ship financier.

18 Apr 2011 - 12:00am

Maritime firms cast secondary eye over HK

Hong Kong could see an increase in international maritime-related companies seeking a secondary listing in the city, but it will also have to compete with Singapore and Shanghai, ship financiers warned.

15 Apr 2011 - 12:00am

Cosco president warns of carrier overcapacity

Wei Jiafu, head of China's largest shipping company, criticised shipowners for continuing to order large numbers of ships when the industry was reeling from overcapacity.

31 Mar 2011 - 12:00am

Container lines agree to cut ship emissions

Some of the world's largest container shipping lines will slash ship emissions at the port of Kwai Chung after agreeing to use less polluting low sulphur fuel while berthed for loading and unloading cargo.

16 Oct 2010 - 12:00am

Rival sees Shanghai port as busiest

Singapore has admitted Shanghai could leapfrog the city state as the world's busiest container port this year, buoyed by China's strong trade growth.

2 Oct 2010 - 12:00am