Cathay Pacific sees net profit falling 82 percent in fragile operating environment.
Kalmar's Shanghai factory delivers its 1,000th reachstacker to Wing Wah Container Depot Co., Ltd., Hong Kong
14 Mar 2016
The extent of the challenge facing Hong Kong in 2016 was underlined by new figures from the Census and Statistics Department of the Special Administrative Region that show a precipitous drop in the port’s total throughput during the final quarter of 2015.
14 Mar 2016
Kerry Logistics has acquired a Southern California-based freight forwarder that will significantly grow its international network, but the the Hong Kong-listed third-party logistics provider is not revealing the identity of the company until its financial results are delivered on March 24.
14 Mar 2016
The year-over-year distortions of the U.S. West Coast port dispute early in 2015 that pushed shippers to the skies were keenly felt in February cargo volumes at Hong Kong International Airport that recorded a drop of 15 percent compared to the same month last year.
07 Mar 2016
Hong Kong-listed OOCL is committed to remaining with the G6 Alliance, said chief financial officer Alan Tung, but "everyone is talking to everyone" as two huge merger and acquisition deals threaten to redraw the alliance structures by the end of the year.
17 Feb 2016
Capacity cuts and a pre-Chinese New Year demand for air cargo on key routes barely managed to keep Cathay Pacific’s January volumes in positive territory.
05 Feb 2016
Hong Kong’s largest air cargo terminal has teamed up with a Pearl River Delta ocean shipping and logistics heavyweight to increase its regional reach and drive up air freight business through the airport.
27 Jan 2016
Hong Kong slid to fifth place in the global port rankings after another dismal year of declining volumes, with the east Chinese port of Ningbo-Zhoushan stepping into fourth spot.
18 Jan 2016
Cathay Pacific and sister carrier Dragonair handled just short of 1.8 million tons of air cargo in 2015, recording growth of 4.3 percent despite a difficult year for the air freight industry as it struggled to balance capacity supply and demand.
24 Dec 2015
The Hong Kong Liner Shipping Association has applied for a block exemption order from the city’s competition law that came into effect on Dec. 14 and effectively outlaws the vessel sharing agreements that dominate shipping activity at the port.
15 Dec 2015
Hong Kong’s airport and its leading airline saw their hopes for a strong air freight finish to the year dashed as November figures fell back into negative growth that has gripped the world’s busiest airport for most of the year.