The number of port operators at Kwai Chung container terminal should be reduced if Hong Kong port is to maintain its operating efficiencies after the introduction of ultra-large container ships, a senior Hutchison executive said yesterday.Friday, 9 November, 2012, 3:59am
Wrangles between exporters and shipping lines over soaring freight rates "is a war that has not ended", a senior executive representing cargo owners says.
Sunny Ho Lap-kee, executive director of the Hong Kong Shippers' Council, made the comment yesterday after cargo owners experienced triple rises in freight rates on some routes.7 Nov 2012 - 3:36am
Lower trade growth caused by high unemployment in the United States and difficult economic conditions in Europe has hit container shipping lines, which have seen a steady fall in average container shipping rates over the past two months.15 Oct 2010 - 12:00am
Freight rates on transpacific routes are likely to drop at least 10 per cent in this year's contracts because there are still no signs of economic recovery in the United States, according to shipping companies.20 May 2009 - 12:00am
Exemption's end will leave firms open to scrutiny
Asian shipping lines sending cargo to Europe face the same antitrust scrutiny as that directed against airlines following planned changes to European Union competition laws.2 Jul 2008 - 12:00am
I refer to Simon Pritchard's 'Focus on Economics' column headlined 'Competition would make waves in shipping trade' (South China Morning Post, July 4).
Informed press sources have recently forecast that the transpacific services operated by the major container shipping lines are alone expected to lose in aggregate some US$2 billion this year.8 Jul 2002 - 12:00am
Orient Overseas Container Line (OOCL) and Canada Maritime, long-term partners in the St Lawrence Co-ordinated Service (SLCS), have agreed to each commission new tonnage to be built simultaneously for deployment in the trade between North Europe and North America via Montreal.
It is the third time in seven years that the partners have agreed on newbuildings for the service.23 May 2001 - 12:00am
There is no such thing as a good time for industrial action, but the continuing lorry drivers' blockade at Kwai Chung container terminal is estimated to be costing the SAR hundreds of millions of dollars a day in lost business and delays caused by traffic congestion.13 Feb 2001 - 12:00am
The Hong Kong Shippers' Council has proposed setting up a consultation mechanism with shipping conferences to discuss increases in terminal-handling charges.
The council yesterday told the Legislative Council's Economic Services Panel that under the proposal, any increases in charges by conferences would be subject to a 90-day notice period.29 Jun 1999 - 12:00am
The 1998 US Ocean Shipping Reform Act (Osra) gives carriers a level playing field to pursue global transport and logistics contracts with shippers, a leading executive says.18 Jun 1999 - 12:00am