Hong Kong

Hong Kong

Drewry’s benchmark spot rate from Hong Kong to Los Angeles remained at $1,800 per 40-foot container for a second week.
Drewry spot rates stay steady before August GRI
The Drewry benchmark spot rate from Hong Kong to Los Angeles dropped $100 this week to $1,800 per FEU.
Drewry trans-Pacific benchmark loses ground before planned August rate hike
Drewry’s benchmark spot rate from Hong Kong to Los Angeles rose to $1,900 per 40-foot container this week.
Eastbound trans-Pacific spot rates fall short of goals
Drewry’s benchmark spot rate from Hong Kong to Los Angeles stood at $1,800 per 40-foot container this week
Drewry trans-Pacific rate falls in between peak surcharges

Press Releases

Maersk to move China office from HK to Beijing
Maritime News
Kalmar's Shanghai factory delivers its 1,000th reachstacker to Wing Wah Container Depot Co., Ltd., Hong Kong
Civic Exchange’s Energy Forum 15
Trade Data
FedEx Expands SenseAware Service to Hong Kong
FedEx
FedEx Recognized as Best All Cargo Airline
FedEx
Hactl Stages Seventh International Forklift and Pallet Building Competition
Hong Kong Air Cargo Terminals Limited (HACTL)
Hactl Wins DHL-SCMP Hong Kong Business Award, Enterprise Award
Hong Kong Air Cargo Terminals Limited (HACTL)

Revamped Hong Kong–Shenzhen pilot rules to speed Yantian ship arrivals

06 Jun 2022
A new working arrangement that for the first time allows pilots from Hong Kong and Shenzhen to navigate in each other’s waters aims to mitigate delays stemming in part from a pilot shortage in Yantian.
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OOCL’s Q1 revenue hits record $5 billion despite congestion woes
19 Apr 2022
Carrier OOCL said the biggest revenue gains in the first quarter of 2022 were on trade lanes that saw the largest declines in liftings.
Shanghai airport effectively closed as freight backlog builds amid COVID lockdown
31 Mar 2022
Bonded trucking services in and out of Shanghai’s Pudong have been suspended and most flights have been canceled, bringing operations at China’s busiest cargo airport to a standstill.
Flexport lands two trans-Pacific freighters in Eastern Air charter deal
15 Feb 2022
Strong demand and constrained air freight capacity on the Asia-US trade lane has prompted Flexport to secure a strategic agreement to increase access to space on the trans-Pacific.
OOCL doubles annual revenue amid ‘severe congestion’
24 Jan 2022
Hong Kong-based container carrier OOCL saw significant increases in freight rates and per container revenues thanks to supply chain disruption across key origin and destination markets.
Air forwarders expand charter operations to combat lack of belly space
13 Jan 2022
Initially considered a temporary measure, some forwarders believe the shift from relying on fixed-price block space agreements with airlines to full charter operations has become permanent.
Cathay halts long-haul cargo flights after Hong Kong quarantine extension
30 Dec 2021
An update to new COVID-19 quarantine rules in Hong Kong has prompted Cathay Pacific to halted long-haul freight flights, potentially exacerbating a supply crunch ahead of the Lunar New Year peak.
Hong Kong imposes mandatory quarantine on air cargo pilots
29 Dec 2021
Toughening Hong Kong’s quarantine requirement for air cargo pilots would severely disrupt airfreight operations during peak air cargo season and ahead of China’s Lunar New Year holiday.
Maersk signs $3.6 billion deal for LF Logistics unit
22 Dec 2021
Maersk will significantly expand its Asia Pacific contract logistics and e-commerce footprint in Asia Pacific with its latest multi-billion-dollar acquisition.
OOCL grows orderbook with deal for 16,000-TEU vessels
02 Sep 2021
Carriers keep building their fast-growing orderbooks, with OOCL adding another 10 vessels to the already significant capacity the Cosco Shipping subsidiary has on order.
Market forces driving record profitability: OOCL
20 Aug 2021
Disruption across major ocean trade lanes has tightened capacity at a time of soaring demand, pushing container rates to historically high levels and generating extreme profits for carriers.