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)

GSBN tests digital process to share shipping data with banks

29 Sep 2022
A consortium of liner carriers and terminals aiming to speed the sharing of shipment data with banks believes it can overcome a chronic consent hurdle in the process.
MORE »
China COVID rules make deep cuts in Hong Kong cross-border container volumes
31 Aug 2022
COVID restrictions have significantly cut cross-border container traffic between China and Hong Kong, but Chinese authorities have little reason to ease the rules with cargo being shifted to Shenzhen.
Carriers cut Hong Kong calls as transshipment cargo falls amid tough COVID-19 rules
29 Jul 2022
One shipping executive warns that if the current trend continues, Hong Kong will lose its position as a leading transshipment hub for China and the region.
Hong Kong extends vessel-sharing exemption for carriers, but cuts validity period
08 Jul 2022
Competition watchdogs in key Asian jurisdictions are extending antitrust exemptions for the vessel-sharing agreements of ocean carriers, but trimming the validity period of those exemptions.
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.
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.