Shipping

YPSN: Maritime industry needs future direction in Hong Kong

4 Mar 2013

A blueprint setting out the future direction of Hong Kong's maritime industry should be prepared and the government should then commit to implementing the plan if Hong Kong is to stave-off...

Hong Kong needs more double-tax deals, says industry

1 Mar 2013

Tung Chee-chen, the chairman and chief executive of Orient Overseas (International) Ltd, pinpointed double taxation agreements as being of key importance. He said more such comprehensive pacts...

Cosco arm may dip toe into leasing

21 Feb 2013

Several banks, including ICBC and Standard Chartered, have launched ship leasing businesses where they retain ownership of vessels and charter them to operators at a daily rate, while the operator...

Exporters to bear brunt as shipping lines raise rates

15 Feb 2013

Exporters shipping goods from Hong Kong and other Asian ports to Europe and the Middle East face higher freight charges next month as container shipping lines attempt to boost revenue and profit...

Shipping firms brace for survival battle

6 Feb 2013

Tim Huxley, chief executive of Wah Kwong Maritime Transport, said poorly performing shipping markets could result in further bank foreclosures on ship finance loans and charterers returning...

Opinion

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Signs of nightmare scenario in China's latest economic data

China Cosco dips 5pc after raising profit alarm

Shares in China Cosco, which operates the largest bulk shipping vessels in the world, fell as much as 7 per cent yesterday after it flagged a profit warning for last year and faced a potential...

Ship-owners to stick with voluntary emissions agreement for now

A group of some of the world's largest shipowners have vowed to renew their voluntary initiative to cut emissions from ships in the region, but have warned that they might abandon the plan if the...

Ship managers float on a rising tide of repossession

Banks are set to take tougher action against distressed shipowners this year, leading to a rise in loan foreclosures and lenders taking possession of vessels, shipping experts say.

SHIPPING

Shipping giant may lay anchor in Qianhai zone

Wallem, the Hong Kong-headquartered ship management and shipping services firm, is weighing plans to set up operations in Qianhai, a special development zone in Shenzhen.

ENVIRONMENT

Shipping lines face host of obstacles in jump to cleaner fuel

Cost, technical and commercial issues are among the reasons more shipping lines have not joined marine fuel switching initiatives that aim to cut air pollution from ships in Hong Kong, experts say...

SHIPPING

Life at sea beckons for city's young and educated

After years of shunning a career at sea, youngsters are showing increasing interest in sailing the world's oceans working on board massive cargo ships and tankers.