• Mon
  • Jul 14, 2014
  • Updated: 8:55am


Subcontracting is not immoral

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 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 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, 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

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

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

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, 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

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

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