Shipping & Marine

Collaboration is key for Hong Kong port operations

Hong Kong ports have benefited greatly from the region’s thriving trade activity in recent years. Read ››

Shenzhen wants Hong Kong to co-finance a US$45 logistics centre

But this project may potentially steal more of Hong Kong's shipping business and give it to Shenzhen. Read ››

Great Harvest first half profit down to US$1.3mn

Dip in performance prompted the group to pursue conservative growth principle and prudent business strategy to capture market opportunities. Read ››

Government seizes almost $7m worth of smuggled goods

Two river trade vessels destined for Thailand and Kenya just got busted. Read ››

Counterfeit rice seized

Hong Kong Customs seized 81 bags of rice bearing forged trademarks and with a total value of about $28,350 in an anti-counterfeit goods operation. Read ››

Lobster-smugglers stopped by Customs and Marine Police

The Hong Kong Customs and the Marine Police seized 373.5 kilograms of lobsters and a light goods vehicle during a joint operation against sea smuggling along the coastline of Sai Kung. Read ››

COSCO Pacific Limited 3Q profit down 5.5%

The company’s profit for the three months ended 30 September 2011 was less than US$95m. Read ››

Francis Liu Hon-por appointed as new Director of Marine

He’s new role will take effect on November 2. Deputy Director of Marine Francis Liu Hon-por will succeed Roger Tupper as Director of Marine on November 2, and Deputy Secretary for Commerce & Economic Development (Communications & Technology) Alan Siu will succeed Keith Kwok as Government Property Administrator on October 31. Read ››

OOCL and Freightliner renew contract for another ten years

Freightliner’s UK network and overnight services allow OOCL to provide customers access to the UK hinterland. Read ››

Hong Kong’s second quarter port cargo throughput up 9%

The port of Hong Kong handled 6.4mn container units during the same period. Read ››

Imtech signs service and maintenance contracts for 350 Hong Kong vessels

Imtech's marine division has signed a partnership agreement for 350 vessels operated by an international shipping firm  in Hong Kong.    As a result, Imtech passed the 5,000 mark for ships under various types of contract and partnership agreements. Read ››

Customs seizes over $2.2 million worth of electronic goods

 The Customs and Excise Department seized over $2.2 million worth of electronic goods during a mounted a joint operation in northeast waters of Hong Kong. Read ››

OOCL Director Henry Wong retires

The logistics company also announced promotions in its US operations. Read ››

China COSCO denies having cash flow woes

Renegotiations over unpaid bills are said to be going well. Read ››

China Rongsheng Heavy Industries inks 2 6600TEU containership deals

Accounts for 20% of total new orders of Chinese shipbuilders in 1H 2011 amid 42.5% slide in global new orders. Read ››

HK recognized as quality flag administration by USCG

Hong Kong became among the six flag administrations added this year to the Qualship 21 programme. Read ››

Oriental Overseas Container Line faces disappointing year

The Orient Overseas (International) Ltd subsidiary suffered from difficult trading conditions in the first half of the year. Read ››

Cosco Shipping to spend $12m for protection against piracy

Armed guards and other measures will be put in place in the Gulf of Aden and the Indian Ocean. Read ››

China and Hong Kong to closley cooperate in hydrographics

The China Maritime Safety Administration and the Hong Kong Marine Department held a friendly meeting in Guangzhou on June 21 and 22 to forge close co-operation in hydrographic matters between the two sides. Read ››

Chu Kong Shipping Development enters management agreement with parent company

Leverages experience and expertise in management and operation of its parent company’s assets while it appoints Liu Weiqing as chairman. Read ››

Pacific Andes first half profit down 31.7% to HK$228.5mn

The company continues to pursue organic business growth and acquisition opportunities to further extend value chain. Read ››

OOCL undergoes movements in its senior management

Miranda Lou to succeed Taylor Gao as Director after the latter quitted his post. Read ››

Shippers get some relief even as credit worsens: Moody's

The ratings agency also warns ships could go idle again but so far so good. Read ››

OOCL expands its Scandinavian Express Service (SBX)

The company is committed to serve the growing Baltic markets as it increases in capacity and additional port coverage. Read ››

Construction of cruise terminal now underway

The foundation stone laying ceremony for the Cruise Terminal Building at Kai Tak today, which will berth the largest cruise vessels in the world, was officiated by Chief Executive Donald Tsang. Read ››

Hong Kong recorded trade deficit of $25.1bn in February 2011

This is equivalent to 9.9 per cent of the value of imports of goods. Read ››

Total port cargo throughput rose 10%

Port cargo throughput increased to 267.8 million tonnes as inward and outward port cargo rose 11% and 10% respectively. Read ››

Hong Kong exports to Asia surged 29.6% in January 2011

Demand in Asia was notably strong, especially from Thailand which rose by 72.7 percent, India by 65.5 percent, Vietnam by 36.9 percent, and Korea by 30.7 percent. Read ››

OOCL revives Atlantic Express Service

The revised rotation of the service will be Hamburg-Antwerp-New York-Hamburg. Read ››

Hong Kong goods imports up 14.8% in December 2010

The value of Hong Kong's total goods exports rose 12.5% y-o-y in December. Read ››

Hong Kong exports to decelerate in 2011

Hong Kong export-to-GDP came in at around 20% in 2010 but UBS said this increase is temporary. Read ››

Hong Kong domestic exports up 5.7%

While the volume of Hong Kong's re-exports of goods in October rose 9% on the same month last year. Read ››

The boys from Brazil

As far as cultures go, Singapore and Brazil couldn’t be further apart. Read ››

Global shipping recovery to continue behind impending acquisitions

China and the rest of Asia Pacific’s shipping demand was seen as primary driver of global shipping growth. Read ››

OOCL offers bi-weekly sailings for Far East - Europe services

The liner and other Grand Alliance members adjust their operations to comply with seasonal demand. Read ››

OOCL hikes rate on North East Asia-Australia services

Freight rates increase to US$ 250 per TEU to ensure maintained quality service. Read ››

OOIL posts first half profit at US$1.28bln

OOCL liftings increased 11.6% as it added four 8,063 TEU and five 4,578 TEU vessels. Read ››

OOCL, Evergreen, Simatech Shipping to launch new liner service

Five 2,700 TEU ships to travel on Southeast Asia-India-Middle East route in a 35-day voyage. Read ››

Chu Kong Shipping to acquire 75% equity interest in Civet Logistics

Optimises the Pearl River transport system to become a diverse transport service provider. Read ››