The tanker, Chinagas Legend, was en route from Singapore to the US. Canal sources said 6 other tugboat crew members had been rescued and taken to hospital.
CK Hutchison Holdings and CK Asset Holdings, the two flagship companies of Hong Kong’s richest man Li Ka-shing, reported a drop in their first-half earnings, as the high interest rate environment continued to pile pressure on businesses in the city.
The largely unregulated nature of shipping contracts and uncertain regulations for fuel transition are among the biggest barriers keeping the shipping sector from accelerating its decarbonisation, experts say.
Tugs refloated the Xin Hai Tong 23, which ran aground at the southern mouth of one of the world’s busiest shipping lanes.
Company shifting some functions to Singapore but pledges to maintain ‘significant presence’ and leadership roles locally.
Hong Kong-based Global Shipping Business Network has the largest blockchain platform for collaboration in shipping and logistics after Maersk and IBM’s TradeLens closed.
Hong Kong-based start-up alfred24 has been chosen as the first investee of a collaboration between MTR Lab and tech hub Cyberport to nurture digital and sustainable solutions in the city.
The Lalamove operator had considered a US IPO two years ago, but shifted its focus to Hong Kong amid a tech crackdown and concerns over US listings by Hong Kong and Chinese companies.
Billionaire Li Ka-shing ’s conglomerate CK Hutchison counts businesses spanning ports, retail, infrastructure and telecommunications, with holdings in about 51 ports in 25 countries, its website shows.
Dead among 13 crew members picked up in joint operation between Japanese and South Korean coastguards.
Rescuers are still searching for nine people after vessel capsized early in morning.
The Jin Tian sank early on Wednesday morning in waters between Japan and South Korea. 14 crew members have been rescued so far.
Silversea Cruises’ Silver Spirit – setting sail from Singapore – is set to dock in Hong Kong on January 18 for one night, after stops in Thailand and Vietnam.
Hong Kong truck drivers say still long waits for coronavirus tests on mainland China side of border.
Starting Monday, truck drivers will no longer need to hand over vehicles to mainland counterparts and will instead be allowed to provide point-to-point service.
The world could reach net-zero emissions up to a decade early if three industries boost their use of satellite-enabled technologies to optimise operations, according to a report commissioned by Inmarsat.
Government will strive to postpone clearance date for brownfield sites to be reclaimed for development, says secretary for development.
John Lee Ka-chiu, Hong Kong’s leader, has called for efforts to attract more high-quality maritime businesses to the city, which is keen to maintain its international shipping centre status despite unprecedented headwinds.
If legally imported, this year’s contraband would have generated HK$839 million in tax, according to a law enforcement source.
‘We must work hand in hand with partners across the supply chain to make sure we take the right steps towards decarbonising the entire production system,’ says chairman of Wah Kwong Maritime Transport Holdings.
Performance attributed to a worsening external environment and continued disruptions to cross-boundary land transport, government spokesman says.
Delays are possible for Taiwan shippers and airlines as they re-route to avoid dangerous encounters amid military exercises that China kicked off following Nancy Pelosi’s departure.
The last time an in-person listing ceremony was held was in March 2020 during the listing of SG Group, when an attendee tested positive Covid-19, forcing the exchange to conduct all events online
Readers discuss the proposal to sacrifice a golf course for housing, how residency obligations are upended by Covid-19 restrictions, the need to refocus on public welfare, and the loaded terms of tycoon and oligarch.
The world’s supply chains have taken a battering this year from China’s zero-Covid policy, which has hampered the production and delivery of everything from bathroom taps to Apple iPhones.