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Wednesday, November 25, 2020

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  • Far East Maritime (375) (X)

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Hutch port boss weighs into docker strike

Posted to Far East Maritime (by Greg Knowler) on April 30, 2013

Hutchison Port Holdings is not accustomed to being in the public eye. As the world’s number one container port operator, HPH has been happy conducting its business quietly and under the media radar. In the past, attempts to elicit comment on…

Hutch a step closer to taking over HK port

Posted to Far East Maritime (by Greg Knowler) on March 13, 2013

With 16 of 24 Kwai Tsing container terminal berths, the world’s biggest port operator has just Modern Terminals and one berth at CT3 to go before it can convert the entire Kwai Tsing container port into prime waterfront real estate when the sun inevitably sets on the Hong Kong box shipping business.

Port efficiency needs put US ports and workers on collision course

Posted to Far East Maritime (by Greg Knowler) on January 29, 2013

The ports of Rotterdam and Shanghai use five dockworkers to do the same job it takes 20 dockers in the US to do, according to a US academic. That is a very hard to swallow statistic for customers shipping goods through US ports, and for the port authorities themselves.

Hong Kong port strike lumbers on and on

Posted to Far East Maritime (by Greg Knowler) on April 23, 2013

One of the contractors, Global Stevedoring Service Co, said on Friday that it planned to close down when its contract with HIT expires on June 30 and fire all its staff. In a statement issued by Global Stevedoring, it advised “all parties” to…

Army of SMEs driving Ningbo port growth

Posted to Far East Maritime (by Greg Knowler) on April 17, 2013

“One out of five people here owns an import-export company,” the Ningbo forwarder said as we drove through the streets of the city. It would be difficult to confirm this statistic, but the business-focused attitude of the Zhejiang Province’s people is legendary.

Still two years to healthy balance sheets, says Swire chief

Posted to Far East Maritime (by Greg Knowler) on April 12, 2013

The Swire chairman's comments at Maritime Week in Singapore this week can hardly have come as a surprise, and the reason is that old culprit that has been sticking it to the container shipping industry for the last five years - overcapacity. Too many ships that all have to be absorbed somehow.

Boxes stacking up as HK port strike rolls on

Posted to Far East Maritime (by Greg Knowler) on April 9, 2013

Hong Kong Association of Freight Forwarding and Logistics believes that 120,000 TEUs have stacked up at Hongkong International Terminals during the strike by dock workers that is into its second week. That’s a lot of boxes that aren’t going some place.

Busy January does not a good year make

Posted to Far East Maritime (by Greg Knowler) on February 22, 2013

Don’t be fooled by a late rush of cargo demand in January. Chinese New Year was later than usual in mid-February this year, giving shippers enough time to get orders in before the mainland’s three-week shut down. The surge in load factors in January was good news for China ports…

Hefty reefer rate rise irks shippers

Posted to Far East Maritime (by Greg Knowler) on February 20, 2013

The attempt by Maersk Line to extract an additional US$1,500 per reefer FEU across the board has understandably put the wind up shippers. JBS, the world’s top meat shipper, took a dim view of the increase that Maersk began to levy on January…

Port strike not doing Hong Kong any favours

Posted to Far East Maritime (by Greg Knowler) on April 3, 2013

A port strike is not something normally associated with Hong Kong, but the biggest terminal operator in the city has been crippled for six days now, with no sign of a resolution. Hongkong International Terminals, or HIT, says the strike is costing it more than US$600…

Message to shipping is, use clean fuel and save lives

Posted to Far East Maritime (by Greg Knowler) on March 19, 2013

How about that for telling it like it is. But as stark as the quote is, it unfortunately is not what was said by Hong Kong environment protection outfit Clean Air Network, or CAN. Not exactly, anyway. Still, the message couldn't be clearer: More people will die if shipping does not clean up its act.

Container rail network the answer to exports from China’s inland factories

Posted to Far East Maritime (by Greg Knowler) on March 15, 2013

The New! Improved! China Railway Corp, renamed operator of the dissolved Ministry of Railways, begins life in its new form dragging an anchor as colossal as the organization itself – debt worth almost US$450 billion. Beijing broke up the corruption…

Ship emissions an afterthought at Hong Kong cruise terminal

Posted to Far East Maritime (by Greg Knowler) on March 6, 2013

When it comes to infrastructure projects in Hong Kong, environmental concerns are rarely allowed to stand in the way. The grossly wasteful and pointless Hong Kong-Zhuhai-Macau bridge is a case in point, and we do not have the slightest doubt…

Incompetent management is sinking Cosco, say analysts

Posted to Far East Maritime (by Greg Knowler) on March 1, 2013

In the mid-2000s, Cosco Holdings chairman Wei Jiafu was one of China’s rock stars, adored by the business community and revered by the media. Now irate investors want him held accountable for the mess into which China’s largest shipping line has steamed headlong.

Market needs sustained improvement to get rates up

Posted to Far East Maritime (by Greg Knowler) on February 28, 2013

The head of an Asia Pacific airline association said in Hong Kong yesterday that there were so many freighters either parked in the desert or “resting” at air cargo hubs around the world that at the first sign of a market improvement, the planes would immediately be shoved back in service.

‘Floating toilet’ liner raises the lid on a growing problem

Posted to Far East Maritime (by Greg Knowler) on February 14, 2013

Nowhere in the glossy marketing brochures and sun-soaked ads promoting Carnival Cruise Lines is the Carnival Triumph described as a “floating toilet”. Yet as the stricken ship is towed into the port of Mobile, Alabama, that is what it has become and that is the focus of media headlines.

Carriers using GRIs to put brakes on falling rates

Posted to Far East Maritime (by Greg Knowler) on January 31, 2013

Drewry’s Neil Dekker made an interesting point recently. The maritime analyst said that with too much capacity and too low cargo volume, GRIs were limiting further freight rate erosion rather than advancing the rates by any sustainable margin.

Shippers turn noses up at last year’s GRIs

Posted to Far East Maritime (by Greg Knowler) on January 17, 2013

Seven times container lines tried to raise freight rates since March last year, only to see rates fall from US$2,700 to $2,400 by the time January rolled around. This, Drewry says in its Container Forecaster report, is because of market weakness, low cargo volumes and a non-existent peak season.

China’s year-end export rebound not a turning point

Posted to Far East Maritime (by Greg Knowler) on January 11, 2013

The headwinds buffeting trade with China are severe and sustained. External demand for mainland-made goods is weak with the seemingly endless European sovereign debt crisis and a slowly recovering US stifling consumer spending. The European Union remains the mainland’s biggest trading partner…

PRD terminals feeling effects of changes in China manufacturing

Posted to Far East Maritime (by Greg Knowler) on January 8, 2013

Remember when all toys had “Made in Hong Kong” stamped underneath? As kids we regarded Hong Kong as an exotic Santa’s workshop, the source of every plastic action figure, or spinning top or cowboy pistol. By the 1980s, the stuff all had a Made in Taiwan or made in Korea stamp…