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Wednesday, November 25, 2020

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  • Far East Maritime (5) (X)

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Casual putter across oceans has shippers steaming

Posted to Far East Maritime (by Greg Knowler) on May 22, 2012

There is nothing wrong with focusing on profits - that's how business works. Revenue falls, squeeze the bottom line costs. That seems to be the perennial position of container lines. Barring the odd good year, the lines manage to lose money like a Chinese government official at a Macau casino.

New HK cruise terminal – a case of all berthed up and nowhere to spend

Posted to Far East Maritime (by Greg Knowler) on March 22, 2011

People who take long holidays on cruise ships are not backpackers or students. Anyone who has seen one of the giant liners disgorging thousands of passengers will have noticed that the average age is well on the other side of 50. The reason…

Will the Korea who blew up that warship please report to the principal’s office

Posted to Far East Maritime (by Greg Knowler) on April 27, 2010

South Korea’s government believes it was a torpedo that blew up and sank its warship near the border with North Korea last month. The 1,200-tonne Cheonan was blown in two on March 26 by an “external explosion”, according to an investigation…

Tardy Hong Kong missing the cruise boat

Posted to Far East Maritime (by Greg Knowler) on October 13, 2009

It took the Hong Kong government 10 years after the airport moved to call for tenders to develop the old Kai Tak airport site and slap a cruise terminal at one end. And it has taken another two years on top of that for the first foot to finally step on the first shovel to begin preparation work.

China carrier takes industry losses to new lows

Posted to Far East Maritime (by Greg Knowler) on April 3, 2012

Just when you thought the 2011 shipping industry losses could not possibly get any worse, along comes one of China’s state owned carriers to set the benchmark at a new low. As China’s largest line, that honour naturally fell to Cosco, and the…