Keith Wallis

Maersk warns of turbulent 2012 as profits sink 33pc

AP Moller-Maersk, one of the world's biggest shipping and terminals groups, faces a mixed and challenging year as uncertain global economic prospects coupled with overcapacity in the container shipping sector weigh on the company, the company said.

Tuesday, 28 February, 2012, 12:00am

Forum seeks to clarify Beijing's backing for port

A recently formed umbrella group for the shipping sector plans to visit the mainland and Taiwan as part of a wider focus on developing Hong Kong's maritime industry, the head of the group said.

7 Feb 2012 - 12:00am

Warning on bogus interview requests

The maritime community has been warned to be wary of people claiming to be representatives of mainland government departments or newspapers, following a spate of bogus contacts to companies.

14 Aug 2011 - 12:00am

Record revenue boosts Noble Group profit 71pc

Noble Group, the Hong Kong-based commodities group, saw net profit surge 71 per cent to US$343 million in the first six months of this year on the back of record group revenue and higher commodity prices and volumes.

12 Aug 2011 - 12:00am

Kerry Logistics adds Shanghai units

Kerry Logistics, part of the Kuok group, has bought controlling interests in shipping and logistics groups Shanghai Wisdom Group and Shanghai Huicheng Logistics. The deals show 'our commitment to building on our strong position', a Kerry spokesman said.

19 Jul 2011 - 12:00am

Courage Marine undeterred by profit slump

Courage Marine, the dry bulk shipping company planning an initial public offering in Hong Kong, plunged into the red with a US$3.7 million net loss in the first quarter of this year, compared with a US$3 million net profit last year. Turnover dropped 54.8 per cent to US$5.8 million between January and March, down from US$12.9 million.

14 May 2011 - 12:00am

Noble sees earnings climb 77pc to US$203m

Noble, the Hong Kong-headquartered, Singapore-listed commodities and supply chain group, saw net profit rise to a first-quarter record on the back of strong growth in commodity volumes in the first three months of this year.

12 May 2011 - 12:00am

Seamen in fatal collision 'jailed on wrong charges'

Four seamen who were jailed last year for their involvement in Hong Kong's deadliest maritime disaster since 1972 were wrongly prosecuted and charged with incorrect offences, a lawyer for one of the defendants said yesterday.

12 May 2011 - 12:00am

Atlantic route expansion

China Ocean Shipping Co (Cosco), K-Line and Yang Ming Marine are set to expand trans-Atlantic trade from early October using another five vessels.

'To provide the widest port coverage and best transit times, vessels will be deployed on two individual loops, four vessels covering the North Atlantic and five vessels covering the South Atlantic and Gulf,' a K-Line spokesman said.

17 Aug 1998 - 12:00am


EIGHTEEN companies applied by yesterday's noon deadline to take over the Hongkong and Yaumati Ferry (HYF) franchise when the concession ends on March 31, the Government said.

Transport Bureau officials were unable to give details of the firms that lodged expressions of interest after the Government announced the ferry company's franchise would end after 75 years.

16 Aug 1998 - 12:00am

Zen Pacific wins $705m in contracts

Zen Pacific Construction has won four contracts worth $705.5 million for work in Hong Kong and Shenzhen.

The first two have been awarded to Zen Pacific subsidiary Ngo Kee Construction by the Government's Architectural Services Department.

1 Aug 1998 - 12:00am

FEFC sees demand matching rising capacity

The Far Eastern Freight Conference (FEFC) is confident there will be full utilisation of vessels in both eastbound and westbound trades next year, despite January's planned rate increases and Asia's expected economic downturn.

It forecast demand on both routes would grow more than 7 per cent next year and available capacity would rise by a smaller percentage.

10 Dec 1997 - 12:00am

Level of sea traffic up in HK

Hong Kong Government figures say ocean-going port traffic grew 5 per cent in the first three months of the year while total capacity grew 8 per cent.

The statistics show 10,404 vessels, with a total capacity of 46.8 million tonnes, entered the port between January and March.

In all, 10,411 vessels, with a total capacity of 47 million tonnes, departed.

28 Jul 1997 - 12:00am

China Light to fight Shui On legal action

China Light & Power (CLP) and its other partners are set to contest an interim injunction won by Shui On Civil Contractors after a dispute over the $24 billion Black Point power station.

Shui On obtained the ex parte injunction last week against CLP, ING Bank and the Castle Peak Power Company, joint owned by CLP and Exxon Energy.

22 Jul 1996 - 12:00am

Wan Hin to return to list for works

Construction contractor Wan Hin & Co is expected to be put back on the Government's public works tender list early next month after a seven-month suspension.

Wan Hin, the civil engineering arm of Tak Wing Investment (Holdings), was suspended at the end of last year because it failed to submit its audited accounts for the year to December 31, 1994.

28 Jun 1996 - 12:00am