Dragonair flies in face of recession

Dragonair continued to defy the downward trend in November with freight volume surging 36 per cent year on year.

Buoyed by its extensive China network, Hong Kong's second-biggest airline moved 13,962 tonnes across its network in November.

Thursday, 17 January, 2002, 12:00am

Dry-bulk rates set to surge, says OSC

A report from British-based Ocean Shipping Consultants (OSC) predicts freight rates in the dry-bulk sector will recover strongly over the next five years.

In Bulk Shipping Freight Markets And Investment Prospects, OSC said the outlook was very positive and the time was right for speculation in bulk-vessel values.

23 Feb 2000 - 12:00am

Expert warns of new UK tax dangers

The flexibility that shipowners need for timing acquisitions and sales of ships is not reflected in draft proposals on the new British tonnage tax regime, shipping accountant Moore Stephens says.

The firm warns that the draft legislation contains a broad anti-avoidance clause that could cause companies to unintentionally breach the rules of the tonnage tax scheme.

10 Jan 2000 - 12:00am

HK register passes milestone

The Hong Kong shipping register has reached the seven million gross registered tonnage mark, due to renewed efforts by the Government to promote it.

A Marine Department spokesman said Cosco had registered 11 bulkers since April, or more than 300,000 gross registered tonnes, including a 31,643 tonne bulker yesterday.

11 Sep 1999 - 12:00am

Boost for shipping

Measures were announced to strengthen the SAR's status as an international shipping centre. Registration fees will be cut and maximum annual tonnage charges dropped from $180,000 to $100,000.

4 Mar 1999 - 12:00am

Growing Panama register maintains its lead

Panama has registered 4,828 merchant ships under its flag in the past four years, remaining the world's leader in ship registry, the national port authority says. The figure at the end of last year is up by 1,556 ships over the previous four-year period ending in 1994, Xinhua reports.

5 Feb 1999 - 12:00am

Busier Kobe shows cargo increase

The Port of Kobe has reported an increase of 2 per cent in foreign container cargo in October to 2.48 million tonnes, compared with September, despite the weak economy.

The port said it attracted seven liners, including two that also called at other ports in western Japan.

11 Dec 1998 - 12:00am