Hong Kong

Hong Kong

17 Apr 2015
China’s slowing exports put the brakes on runaway volumes at the world’s largest air cargo carrier in March as throughput on Cathay Pacific-Dragonair tumbled into the single digits after a robust start to the year.
16 Apr 2015
In the first two months of 2015, Chinese exports by value to Hong Kong, its second-largest trading partner, fell 6.5 percent year-over-year, while outbound shipments to Japan, China’s third-biggest receive of its exports, slipped 0.4 percent in the same period, according to statistics from Global Trade Information Systems, a sister company of JOC.com within IHS Maritime & Trade.
15 Apr 2015
Container throughput decline in Hong Kong plunged by double-digits in March when the port handled 13.5 percent fewer containers than during the same month last year, the government’s Port Development Council data shows.
15 Apr 2015
Cathay Pacific today became the latest airline to suspend the carriage of lithium ion batteries in bulk on both passenger and freighter aircraft until improved packing and shipping requirements can be developed.
10 Apr 2015
A sharp increase in first quarter imports helped Shanghai’s largest air freight terminal to yet another record and follows on from its best ever annual performance in 2014.
01 Apr 2015
AirBridge Cargo, the only Russian carrier in the Hong Kong market, will be the main beneficiary of fifth freedom traffic rights out of the city that were granted to Russian air freight carriers following a new round of bilateral talks that concluded last month.
01 Apr 2015
The decision by Orient Overseas International Ltd (OOIL) to order six 20,000-TEU ships was widely expected and comes just three weeks after fellow G6 Alliance member MOL ordered six mega-vessels of its own.
26 Mar 2015
Speculation has been rife in the Singapore media about a possible tie-up between Neptune Orient Lines (NOL) and fellow G6 Alliance member Hong Kong’s Orient Overseas International Ltd. (OOIL), but a closer look at the business of the two carriers reveals that merging their operations would create little synergy.
19 Mar 2015
The formidable challenges facing Hong Kong port were perfectly captured in the above illustration that was presented with OOCL’s 2014 financial results recently. Few, if any, ports around the world have had to cope with such a thorough change in cargo mix over a relatively short period.
18 Mar 2015
Cathay Pacific reported a 20 percent increase in net profit for 2014 as a strong second half recovery in the cargo market helped drive up earnings to $403 million.
18 Mar 2015
A bill requiring ocean going ships to switch to low sulfur fuel while at berth in Hong Kong was tabled at the Legislative Council today and, if passed, will effectively raise the cost of shipping containers through the city even as it steadily loses market share to Shenzhen.