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 next few months.Saturday, 4 February, 2012, 12:00am
With Black Friday yesterday kicking off the pre-Christmas shopping season in the United States, container shipping lines hoped strong retail sales coupled with cuts in shipping capacity would buoy carriers against wintry economic conditions, an industry conference heard in Hong Kong yesterday.26 Nov 2011 - 12:00am
Four ship-building contracts worth up to a combined US$1 billion have been signed between Shanghai's Hudong-Zhonghua Shipbuilding and joint venture companies formed by Japan's Mitsui OSK Lines and China Shipping Development.
The contracts are to build four liquefied natural gas (LNG) carriers.18 Jul 2011 - 12:00am
Asia is set to become the last battleground between shipping lines and shippers over the ending of the shipping companies' cartel if North American regulators follow the European Commission and agree to end antitrust immunity for container shipping lines.8 Sep 2010 - 12:00am
After its quay cranes stood idle for most of the past seven months, Da Chan Bay Terminal One, the latest port facility to come on stream in Shenzhen, finally started its first export operations yesterday with a Japanese shipping line.
Da Chan Bay Terminal One, in which Modern Terminals holds 65 per cent, completed the first two of five berths in December.22 Jul 2008 - 12:00am
A Shanghai court has ordered Japanese shipping giant Mitsui OSK Lines to pay 190 million yuan in compensation to a Chinese family over a wartime contract dispute, the Chinese Association for Claiming Compensation from Japan said yesterday.24 Dec 2007 - 12:00am
Hong Kong-registered Seaspan Corp will pay HK$2.6 billion for four new container vessels in a groundbreaking deal that represents the New York-listed shipowner's first inroad into the closely held Japanese shipping industry.10 Aug 2006 - 12:00am
Listing candidate China Infrastructure Group (CIG) plans to use more than 70 per cent of the funds it hopes to raise to repay shareholders' loans, which were used to acquire a 28.9 per cent stake in Wuhan International Container Transshipment Port.24 Aug 2005 - 12:00am
SAI WAN HO PROJECT receives sales consent
The Lands Department has issued consent for the sale of 2,579 residential units in three projects.
They include Grand Promenade, the five-tower residential project in Sai Wan Ho being developed by Henderson Land Development and Hong Kong and China Gas.8 Jul 2004 - 12:00am
They will operate their first tanker soon to tap the mainland's oil import trade
China National Foreign Trade Transportation Group (Sinotrans Group) will begin operating its first tanker in two months after agreeing to set up a joint venture with Japan's Mitsui OSK Lines (MOL) to tap the mainland's oil import trade.28 Apr 2004 - 12:00am