Cosco Pacific eyes ports abroad

Cosco Pacific eyes ports abroad

Cosco Pacific says it is in advanced talks to buy ports on the mainland and in Southeast Asia and Greece because of their attractive prices.

Friday, 24 May, 2013, 3:47am

Has America lost its infrastructure edge?

US President Barack Obama spoke in urgent terms about the need to rebuild America. Photo: MCT

US is slipping further behind global competitors, chief of them China, in building up an infrastructure that can handle 21st-century business. Once the world's No 1 in infrastructure, the US is now ranked 14th.

28 Jan 2013 - 3:04am 3 comments

Leading cruise companies are urged to make Hong Kong a port of call

Kenneth Wong said Hong Kong could prove more attractive than Shanghai for residents of southern China.

With five months until the opening of the new cruise terminal in Kai Tak, tourism chiefs are trying to persuade international cruise companies to add the city as a port of call or make it their home port.

14 Jan 2013 - 4:29am

Business Digest, December 31, 2012

The Reach in Yuen Long

China's largest land-based oil and gas drilling rigs maker Honghua Group is aiming for sales of at least 10 billion yuan (HK$12.2 billion) next year. 

31 Dec 2012 - 4:58am

China urged to allow transshipment of outbound cargo by foreign carriers

Yangshan mooted as trial port for foreign transshipments.

Key mainland ports such as Shanghai could boost container volumes and revenues if they are allowed to let foreign carriers transship international cargo at Chinese hub ports, according to a senior maritime executive.

25 Oct 2012 - 4:53am

U.S. campaign to lure cruise line operators

Top executives from Worldwide Flight Services will fly from Hong Kong to Miami tomorrow to kick off a marketing and promotion campaign to lure cruise lines, operators and retailers to the Kai Tak cruise terminal.

9 Mar 2012 - 12:00am

Cosco targets more overseas ports

Cosco Pacific, the world's fifth-largest container operator, says overseas port projects will be the major driving force for earnings in the medium term.

Unveiling a 24.8 per cent rise in net profit to US$237 million for the first half yesterday, Cosco said its search for overseas acquisitions was gathering pace.

25 Aug 2011 - 12:00am

Surgical clip left in patient's arm

A surgical clip used to control bleeding was left in the arm of a patient after an operation - one of 21 medical errors reported in the final three months of last year. The Hospital Authority said the 1.5cm clip was found to be missing in an instrument check after the operation. An X-ray showed it was still in the patient's left arm and was surgically removed.

30 Apr 2011 - 12:00am

Austerity plan

Hongkong (December 30): Yesterday the two American President Lines vessels President Buchanan and President Harrison commenced unloading cargo as fast as it could be cleared by the combined efforts of the Department of Commerce and Industry, the United States Consul for Economic Affairs in Hongkong, Mr Ralph H. Hunt and the shipping company's management.

31 Dec 2000 - 12:00am

Calmer waters for port operator

Port operator Pacific Ports' attributable loss improved to $15.42 million in the first six months of this year from $173.42 million in the same period last year after its new substantial shareholder, New World Infrastructure, launched a restructuring programme.

17 Sep 1999 - 12:00am

Tokyo to forego Sunday charges

Tokyo port authorities will exempt vessels from port and berthing charges if they enter for loading or unloading cargo on Sundays.

The new policy, expected to be implemented soon, will be Japan's first attempt to establish a permanent, 24-hour, 365-day-a-year service.

23 Apr 1999 - 12:00am

Los Angeles cruise sector soars

The Port of Los Angeles received more than one million cruise passengers at the World Cruise Centre in California for the first time last year.

The figure was a 1.6 per cent increase, or 16,165 customers more than the previous record set in 1997.

Executive director Larry Keller said the record business was testament to the port's diversification.

26 Feb 1999 - 12:00am

Offer for Pacific Ports lapses

New World Infrastructure's general offer for Pacific Ports has lapsed as the offerer and related parties hold less than 50 per cent of the port operator's capital. Only 0.21 per cent of the issued share capital took up the general offer by deadline last Friday. New World now holds 37.37 per cent of Pacific Ports and Pacific Ports will launch a board reshuffle.

29 Jun 1998 - 12:00am

Yokohama halves gantry fees for coastal ships

Yokohama Port will halve gantry crane fees for coastal vessels from July 1.

According to a Japanese newspaper report, this decision represents part of the port's effort to provide high-grade services while reducing port-related costs and bolstering international competitiveness.

26 Jun 1998 - 12:00am

Japan looks to boost efficiency of its harbours

The maritime transport committee of Japan's Council for Transport Policy will study various aspects of its harbour operations to improve efficiency.

According to a newspaper report, the study will cover four points - deregulation, establishment of a more intensive and efficient labour system, stabilisation of cargo handling on Sundays and efficient operation of berths.

26 Jun 1998 - 12:00am