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.
Hong Kong
Hong Kong
Press Releases
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.
26 Jul 2021
Strong demand from the US and Europe in the first half of the year pushed up volume at Hutchison’s South China container terminals despite its largest facility being hit by a COVID-19 outbreak.
17 May 2021
A new funding round for Zencargo is a further signal that the digital forwarding model has legs in a market where turning to a logistics provider to incorporating data in planning decisions has become the norm.
16 Apr 2021
The removal of quarantine rules for fully vaccinated Hong Kong-based air freight crew is a relief for airlines like Cathay Pacific, which estimates the operational constraints caused by the regulation has added more than $100 million to its monthly costs in Q1.
30 Mar 2021
Cosco joins other carriers in posting strong profit figures for 2020 due to the rebound in rates and volumes in the second half of last year.
26 Mar 2021
OOCL has continued to invest in new ships and services, placing an order last year for 12 23,000-TEU vessels for delivery during 2023-2024.
25 Mar 2021
Kerry Logistics will sign warehouse management agreements with each of the nine individual warehouse companies it is selling to current parent company Kerry Holdings; the facilities are located in some of the prime industrial areas of Hong Kong.
25 Jan 2021
Without easing the air draft limits under the Tsing Ma bridge, ships calling at Hong Kong and the western Shenzhen ports face a lengthy transit south of Hong Kong through Chinese waters.
11 Dec 2020
The decision by Singamas shareholders offers hope that a bigger debt rehabilitation plan put forward by PIL will be accepted by the carrier’s other creditors and approved by Singapore’s high court at meetings early next year.
02 Nov 2020
The price caps are among five commitments made by Hong Kong terminal operators to ensure the Hong Kong Seaport Alliance can continue to operate.
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