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  • Mar 1, 2015
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Shipping

Subcontracting is not immoral

Striking dockers protest against Cheung Kong's attempt to seek an injunction. Photo: Felix Wong

I refer to Tony Yuen's letter ("Bosses' greed the real villain in strike fallout", May 18). Mr Yuen said that the Hong Kong's logistics industry has weakened over the past two decades as a result of rising terminal operating costs and the "raised terminal charges" by the terminal operators.

Monday, 3 June, 2013, 2:32am 1 comment

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.

24 May 2013 - 3:47am

April cargo decline points to 'structural problem'

The strike at the Kwai Chung terminals contributed to the 12 per cent drop in last month's container throughput. Photo: K.Y. Cheng

The 12 per cent slide in Hong Kong's container throughput last month underpinned a structural problem exacerbated by a strike at one of the terminals last month, a port operator said.

17 May 2013 - 6:22am

Swire denies closure of HUD repair business

Hongkong United Dockyards has stopped taking ship-repair business.

Hongkong United Dockyards, jointly owned by Swire Pacific and Hutchison Whampoa, has stopped taking ship-repair business but a Swire director denied industry speculation that ship-repair operations were being closed and equipment sold.

2 May 2013 - 3:47am

HNA-owned shipping firm Grand China Shipping chased for US$60m

Grand China Shipping is chased for unpaid charter hire and ship broker commissions on ships leased. Photo: Bloomberg

Creditors are seeking at least US$60 million from Grand China Shipping (Hong Kong), a Hong Kong-registered shipping subsidiary of HNA Group, a leading mainland company which has financier George Soros as a shareholder.

25 Apr 2013 - 5:30am

Carrier lobby groups secure nod for merger

Orient Overseas Container Line, one of the TSA members. Photo: Bloomberg

The Federal Maritime Commission in the United States has approved the merger of two container line lobby groups that together control most of the containerised cargo shipped between Asia and America.

Sources said a formal announcement would be made today in the US following a vote by FMC commissioners last week.

15 Apr 2013 - 3:43am

Leasing firm seeks to double portfolio

Leasing firm seeks to double portfolio

ICBC Financial Leasing is targeting foreign shipowners with leasing deals as it seeks to double the value of its ship asset portfolio this year, a senior executive has confirmed.

12 Apr 2013 - 5:43am

Lenovo holds steady as global PC market plummets

Lenovo's sales in the US grew in the first quarter, but the performance was overshadowed by the slowdown in the Asia-Pacific. Photo: AFP

Lenovo, bolstered by its strong growth in North America, emerged unscathed after global personal computer shipments in the first quarter fell 14 per cent, marking the industry's worst quarterly decline.

12 Apr 2013 - 6:57am

Fuel cost key to survival, says Swire

James Hughes-Hallett

Fuel price is the biggest issue facing the airline and shipping industries, the chairman of John Swire & Sons said yesterday. James Hughes-Hallett said fuel costs meant "survival or failure" for airlines, while in the shipping sector, high fuel prices were generating "excitement" about more fuel-efficient eco-ships.

11 Apr 2013 - 5:33am

Shipping changes starting to take bite out of dock strike

Sunkist oranges go for HK$5 apiece, a dollar more than usual.

Wholesalers said Sunkist oranges, which are shipped in from the United States, were likely to continue selling at higher prices as produce from North and South America remained hit.

11 Apr 2013 - 7:34am

Hong Kong ship owners seize chance as Africa trade soars

Burgeoning trade between China and Africa and sales by German shipping investment funds have combined to create opportunities for two fledgling Hong Kong ship owners.

8 Apr 2013 - 3:17am

The low pay, long hours and new demands facing Hong Kong's dockers

Staffs officers stand guard as dockers at Kwai Chung Container Terminal enter their 9th day of strike demanding better wages and working conditions. Photo: Edward Wong

Since hundreds of dock workers downed tools 11 days ago at the Kwai Tsing Container Terminals to press their case for a 17 per cent pay rise, their action has brought into sharp focus the dire conditions many of them have to endure daily.

7 Apr 2013 - 6:47am 1 comment

Time to step in on Hong Kong dock strike

Support groups protest outside Kwai Chung Container Terminal to support dock workers. Photo: Edward Wong

Shenzhen's competition with Hong Kong as the world's third-busiest container port can only get tougher, which adds to the worry of the dockers' walkout over a wage dispute that has disrupted the operations of Hong Kong International Terminals, and forced traders who depend on it for supplies to think of alternatives.

5 Apr 2013 - 6:10pm 2 comments

Singamas stays hopeful despite profit slump

Cargo volumes are expected to increase this year.

Shares in Singamas Container fell 4.57 per cent to close at HK$2.09 after the firm said net profit plunged 56.5 per cent to US$60.35 million last year. Revenue dropped 15.5 per cent to US$1.54 billion.

But president and chief executive Teo Siong Seng is hopeful of a revival in fortunes this year, fuelled by growing demand for containers and a rise in average selling prices.

26 Mar 2013 - 3:18am

Mixed fortunes ahead, says Cosco International

Mixed fortunes ahead, says Cosco International

Cosco International, the marine fuels, paints and ship-trading offshoot of China's largest shipping company, is facing mixed fortunes this year as shipping markets get tougher and it targets opportunities and acquisitions, executives said yesterday.

22 Mar 2013 - 4:19am

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