If 1.3bn teu of containers were to be lined up end-to-end, they would go around the earth almost two hundred times.
The Hong Kong Seaport Alliance has been set in motion this month with an aim of maximising operational efficiencies in Hong Kong’s Kwai Tsing port, even though the new alliance has not received regulatory clearance from the Competition Commission of Hong Kong.
The chairman of the board and executive director of Brightoil Petroleum (Holdings) Limited, Dr Sit Kwong Lam, was vacated as he was adjudged to be a bankrupt by the High Court of Hong Kong.
Hong Kong’s CLP Power plans to construct the territory’s first offshore LNG receiving terminal at the end of this year, after the utility group gained an environmental permit for the project in October.
China’s Central Committee of the Communist Party and The State Council jointly issued the plans for the development of Hong Kong-Macao-Guangdong Great Bay area, aiming to develop the eleven cities of the region into a leading international innovation & technology hub and a powerful world-class city cluster.
Hutchison Port Holdings Trust (HPH) Trust has recorded a marginal dip in total throughput for 2018 over 2017, though volumes for Yantian International Container Terminals (YICT) posted growth on the back of higher US and transhipment cargoes.
Britannia P&I Club has been granted an underwriting license for its Singapore branch.
The Competition Commission of Hong Kong announced that it has started investigation into the Hong Kong Seaport Alliance on its potential breach of competition rules.