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Wednesday, October 23, 2019

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  • Far East Maritime (3) (X)

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China looks inwards as export demand remains weak

Posted to Far East Maritime (by Greg Knowler) on October 25, 2012

China became known as the world’s factory by offering manufacturing costs that could not be matched by the developed nations. Its wages paid to uneducated rural migrant labour were a fraction of the mostly unionized pay required in the West, and land for factories was plentiful and cheap.

Rates war back in the picture on Asia-Europe

Posted to Far East Maritime (by Greg Knowler) on September 4, 2012

“A general rate increase in November? Skou must have lost his mind,” was the retort of Hong Kong Shippers Council executive director Sunny Ho to news that the Maersk boss planned to hike box rates from November 1. It was an understandable reaction from the feisty Ho…

In Hong Kong, Maersk swapping blue for green

Posted to Far East Maritime (by Greg Knowler) on September 21, 2010

Hong Kong and Shenzhen together handle more than 10 percent of the total global container traffic. That is an incredible number of boxes arriving and departing on thousands of ships. Great for business if you are a terminal operator, but very bad for health if you live anywhere near the ports.