Port Operator

Terminal operator seeks court order to end strike

Dock workers rest at Kwai Tsing container terminal six yesterday. Photo: K. Y. Cheng

A port operator at the Kwai Tsing Container Terminals is seeking an injunction to force hundreds of dockers back to work as their strike for a pay rise entered its fourth day.

Monday, 1 April, 2013, 5:06am

Strike at Kwai Tsing container terminal set to escalate

Workers on strike at Kwai Tsing terminal yesterday. They are demanding a 17 per cent pay rise and say their salaries have been raised just once in 15 years. Photo: Edward Wong

Amid heavy rain, about 300 stevedores picketed a terminal roundabout as negotiations over pay with the contractors employing them remained stalled. The workers are seeking a 17 per cent pay rise, saying their wages have increased only once over the past 15 years.

31 Mar 2013 - 5:48am 1 comment

Beihai Port beefs up for trade boom

Beihai Port aims to become a super port in the Beibu Gulf Economic Zone with the takeover of two other ports in the gulf as trade with Asean booms. Photo: SCMP Pictures

Beihai Port will acquire two other ports and a tugboat company on the mainland for 5.18 billion yuan (HK$6.41 billion).

It will also raise 1.73 billion yuan to boost booming trade between the Guangxi region and members of the Association of Southeast Asian Nations.

15 Dec 2012 - 4:19am

China's Ningbo port on way to regain glory

May not be No 6 much longer: Ningbo's global ranking in container throughput rose from 30th in 2002 to sixth in 2011. Photo: Reuters

Ningbo stands a fair chance of overtaking Shenzhen as the mainland's second-busiest port and the world's fourth-busiest in a few years.

17 Nov 2012 - 4:13am

Asian ports need to be as efficient as Europe, shipping executive says

Hong Kong's efficiency lags behind mainland ports. Photo: Bloomberg

Hong Kong and other Asian ports are falling behind European port operators in terms of productivity, a senior shipping executive has warned.

Nicolas Sartini, group senior vice-president of Asia-Europe lines at French container line CMA CGM, said some European ports were 50 per cent more efficient at loading and unloading containers than those in Asia.

15 Nov 2012 - 5:02am

Shipping stocks jump on rising freight rates

Shares in shipping companies and port operators rose yesterday as freight rates continued to climb, thanks to rising demand for raw materials in China and more shipments from Europe to Asia on the back of the weakening euro.

China Merchants Holdings (International), a mainland port operator, rose 9 per cent yesterday before closing at HK$15.70, up 4.67 per cent.

10 Feb 2009 - 12:00am

Anger at 'light' fine over port worker's death

A court fined one of Hong Kong's main port operators HK$10,000 yesterday over the death of a crane operator in a fall - prompting outrage from a group which helps victims of industrial accidents.

4 Sep 2007 - 12:00am

Mainland ports start security surcharge in June

China's port operators will begin applying a security surcharge to all containerised cargo moving through mainland terminals from June, the ministry said yesterday.

A levy of 20 yuan for a 20-foot container and 30 yuan for a 40-foot container would aim at recovering the cost of securing ports against acts of terrorism and smuggling, the ministry said.

22 Apr 2006 - 12:00am

Cosco Pacific makes docking manoeuvre

Cosco Pacific, one of China's largest port operators, is exploring the possibility of taking an equity stake in Greek ports.

Wei Jia Fu, chairman of Cosco Pacific, and Greek Prime Minister Kostas Karamanlis met in Beijing last month.

'We spoke about the possibility of investing in ports but they were just preliminary talks,' one senior manager said.

10 Feb 2006 - 12:00am

Security fees adrift following rejection

Shipping lines calling at Shenzhen have universally rejected a security fee implemented by port operators last month, sending the highly charged issue back to the negotiating table just weeks before the levy is slated for Hong Kong.

15 Apr 2005 - 12:00am

One-off costs batter ICTSI result

International Container Terminal Services (ICTSI) said its first-quarter profit tumbled 28 per cent because of two non-recurring expenses that will help boost future earnings.

The Philippine port operator said its net income was 43.9 million pesos (about HK$12.86 million) from January to March, compared with 60.8 million pesos in the same period last year.

19 May 1997 - 12:00am