Container Terminals

Subcontracting is not immoral

Striking dockers protest against Cheung Kong's attempt to seek an injunction. Photo: Felix Wong

I refer to Tony Yuen's letter ("Bosses' greed the real villain in strike fallout", May 18). Mr Yuen said that the Hong Kong's logistics industry has weakened over the past two decades as a result of rising terminal operating costs and the "raised terminal charges" by the terminal operators.

Monday, 3 June, 2013, 2:32am 1 comment

April cargo decline points to 'structural problem'

The strike at the Kwai Chung terminals contributed to the 12 per cent drop in last month's container throughput. Photo: K.Y. Cheng

The 12 per cent slide in Hong Kong's container throughput last month underpinned a structural problem exacerbated by a strike at one of the terminals last month, a port operator said.

17 May 2013 - 6:22am

Maersk navigates into rougher seas

Maersk Line in south China expects slightly negative growth in the area's trade with Europe but still sees high growth from east China. Photo: Bloomberg

Maersk Line, the world's largest container line, is set to see a fall in box volumes from southern China to Europe and the Mediterranean this year as the European debt crisis and economic uncertainty hit exports from the Pearl River Delta.

David Skov, head of Maersk Line in south China, expected "slightly negative growth" in south China-Europe trades.

17 Aug 2012 - 2:36am

Increases in freight rates buoy OOCL revenues

Orient Overseas Container Line saw revenues climb 5 per cent to almost US$2.88 billion in the first half of this year, buoyed by higher freight rates, especially in the second quarter.

14 Jul 2012 - 12:00am

Container volumes up despite fears

Container volumes through southern Chinese ports are continuing to grow, despite concerns about the outlook for trade, especially with Europe facing a fresh crisis.

David Skov, head of Southern China for Maersk Line, said that based on feedback from exporters and cargo owners 'growth in general is strong out of South China'.

24 May 2012 - 12:00am

Expansion at greek container terminal

Cosco Pacific, the marine terminals subsidiary of China's largest shipping company, is going ahead with a Euro120 million (HK$1.18 billion) expansion of Piraeus Container Terminal in Greece months earlier than planned.

18 May 2012 - 12:00am

Orient Overseas signs 40-year Long Beach lease

Orient Overseas Container Line has signed a deal with the Port of Long Beach to lease the Californian port's Middle Harbour container terminal for 40 years in what is the biggest port agreement in United States history.

6 Apr 2012 - 12:00am

Sailing may get rougher this year for Cosco Pacific

Cosco Pacific, the terminals and shipping-container division of China's largest shipping company, is facing mixed prospects this year after net profit climbed 7.6 per cent to US$388.8 million last year, up from US$366.2 million in 2010.

28 Mar 2012 - 12:00am

Singamas Container stock rises 11pc after profit jump

Shares in Singamas Container Holdings rose more than 11 per cent yesterday after the firm saw net profit climb by 49.8 per cent to a record US$138.6 million last year, up from the earlier record of US$92.5 million in 2010. The firm's stock closed 11.3 per cent up at HK$2.26.

28 Mar 2012 - 12:00am

Rising fuel prices add to container line's stress

Overcapacity, sluggish cargo growth and high fuel prices are set to make 2012 a difficult year for container shipping lines even though carriers have started to increase freight rates, a senior executive at Orient Overseas (International) said yesterday.

13 Mar 2012 - 12:00am

Container lines optimistic over cargo volumes

Container shipping lines could see a stronger recovery in trade volumes in the coming months especially on transpacific routes and services to emerging markets as inventories are replenished and consumers spend more, shipping experts say.

2 Mar 2012 - 12:00am

Slowdown set to hit port investments

Slowing global trade this year will force China's ports to scale back investment in container terminals, but investment in bulk-cargo terminals should continue, analysts say.

25 Jan 2012 - 12:00am

Lack of space and facilities holding back Kwai Chung

Poor land-use planning coupled with a shortage of logistics facilities could limit the capacity of Kwai Chung's container terminals and air cargo operations, say experts.

18 Jan 2012 - 12:00am

Container lines prepare for trade doldrums

Hard-pressed container lines, which have already seen charter rates sink on key trades routes between Asia and Europe and transpacific, could face further difficulties as a result of changing trade patterns.

9 Jan 2012 - 12:00am

Maersk strengthens Asia-South America offer

Surging Chinese demand for Brazilian chicken and other perishables coupled with burgeoning demand in South America for Asian consumer products has led Maersk Line to strengthen its services between the two regions with a fleet of bigger-box ships.

21 Nov 2011 - 12:00am