Shipping & Marine
HK port congestion likely to drive up freight rates
HK port congestion likely to drive up freight rates
Container spot rates are at a new all-time high at the end of the second quarter.
Hong Kong exports sustain growth in May
The value of total exports increased 24% to $393.8b in May.
Hong Kong exports likely to grow 15% in 2021
The HKTDC reported export confidence rose for the 5th consecutive quarter.
Cargo throughput at HK ports dropped 14% in Q1
Total port cargo throughput amounted to 49.2 million tonnes during the quarter.
Spot freight rates sail to record high of 7%, after Suez Canal blockage
The rates are expected to reach even greater heights in the near term.
Customs seizes $2.7m suspected fake goods
The haul of contraband included branded shoes, handbags and watches.
COSCO Shipping sees positive growth in Q1, 2021
The company says its net profit will amount to over RMB15b.
COSCO Shipping rebounds in 2020 2H
The company recorded a net profit increase during the year, despite the impact of the pandemic.
Hong Kong customs seized $20m worth of smuggled goods
Some Chinese delicacies found amongst the smuggled goods.
SITC profit up 59.7% for 2020
The logistics giant reported a US$353.7m profit.
Cargo throughput at HK ports down 5.3% in 2020
The result for the fourth quarter of 2020 declined by 9.5%
Pacific Basin Shipping spot rates could take a breather: analyst
Jefferies Hong Kong downgrades the company’s recommendation to 'hold'.
Total port cargo down 2.7% in Q2
It was dragged down by a 20% decrease in outward port cargo.
Total cargo down 3.2% to 57.2m tonnes in Q1
But inward port cargo increased by 5.5% to 39 million tonnes.
Total cargo up 1.8% to 263.3 million tonnes in 2019
But exports dropped 24% to 6.3 million in Q4 2019.
Total port cargo rose 4.8% to 69.3 million tonnes in Q2
Tonnage of outward port cargo to Macao skyrocketed 79.2%.
Singapore beats Hong Kong as top international shipping centre: study
Hong Kong dethroned London in 2018 to become the second best in the rankings.
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