The owner of the ship that spilled plastic pellets that washed up on Hong Kong beaches could be held liable, the government said yesterday.Wednesday, 15 August, 2012, 11:07pm
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 first half of this year.15 Aug 2012 - 10:58pm
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 billion yuan (HK$5.08 billion).
The firm's stock closed at HK$3.15, down 3.65 per cent, its lowest since October 10, according to Hong Kong stock exchange data.31 Jul 2012 - 12:00am
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
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 could be tricky to implement.
Richard Lidinsky, chairman of the US Federal Maritime Commission, said: 'Some kind of China cargo reservation system [would be] very difficult to do.'10 Jul 2012 - 12:00am
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 experts say.6 Jul 2012 - 12:00am
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 capacity that would depress freight rates.8 Jun 2012 - 12:00am
Hong Kong and mainland exporters face a massive increase in the cost of shipping their goods to North America during the summer peak.10 May 2012 - 12:00am
'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.'
Raymond W. M. Wong Deputy director, Planning Department Letters to the Editor, March 2729 Mar 2012 - 12:00am
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 provinces and emerging Asian economies, a conference heard this week.15 Mar 2012 - 12:00am