Containerization

Shipowner could be liable for pellet spill

7 Aug 2012

The owner of the ship that spilled plastic pellets that washed up on Hong Kong beaches could be held liable, the government said yesterday.

Two of the seven containers that fell...

11:07PM

OOIL slides as profit goes down 33pc

3 Aug 2012

Shares in Orient Overseas (International) fell almost 4 per cent yesterday after the Tung family shipping and property group reported a 33 per cent drop in net profit to US$116.77 million in the...

10:58PM

China Cosco shares fall as interim net loss set to grow

31 Jul 2012

China Cosco, the listed subsidiary of the mainland's largest shipping firm, saw its share price fall more than 3.6 per cent yesterday after it warned of a first-half net loss of more than 4.14...

10:42PM

Increases in freight rates buoy OOCL revenues

14 Jul 2012

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.

9:19PM

China's helping hand on cargo 'impractical'

10 Jul 2012

The global shipping industry is facing its worst downturn in three decades, but industry experts say that mainland moves to boost Chinese shipping firms' business by allocating more cargo to them...

7:43PM

Transport boost needed to handle Yangtze growth

6 Jul 2012

More investment in road, railway and barge networks along the Yangtze River needs to take place to cope with the swift pace of manufacturing and development in the west of the mainland, logistics...

7:23PM

Opinion

The last straw for Terry Wong?

2:53PM

Alex Lo

We need a sober view of sexual violence

3 comments

4:10AM

Freight rates set to sink again as capacity rises

Moves by container shipping companies such as Orient Overseas Container Line to boost revenues on transpacific services between Asia and North America could be derailed by an increase in shipping...

5:04PM

Shippers demanding big levy to recoup losses

Hong Kong and mainland exporters face a massive increase in the cost of shipping their goods to North America during the summer peak.

2:35PM

A homely solution to terminal decline

'Nonetheless, we must also appreciate that the open storage and port back-up operations in the New Territories are providing support for the logistics industry and port operation in Hong Kong.'

11:33AM

Opinion split on need for CT10

Shipping lines and terminal operators are divided over whether Hong Kong will need a tenth container terminal - known as CT10 for short - as manufacturing continues to migrate to China's inland...

10:11AM

Industry braces for time of change

The global shipping industry faces a spate of mergers and corporate failures as a lack of cash and overcapacity weigh on the sector. But Asian banks, including those in Hong Kong and the mainland...

8:43AM

Troubled shipping lines raise rates on key routes

Exporters and importers face higher shipping costs as loss-making and financially troubled shipping lines raise freight rates on key trade routes to Europe, the Mediterranean and South Asia in the...

6:38AM