Notwithstanding its previously reported issues with bridge height restrictions, the port of Hong Kong continues to be a key port of choice for mega vessels, with the Madrid Maersk, one of the newest generation of Triple-E vessels from Maersk Line...

Honouring and recognising outstanding companies and individuals in the maritime industry, winners of the 10th Seatrade Maritime Awards Asia were announced on 23 June 2017 in Hong Kong.

Bureaucratic tangles and hand-sitting is potentially causing the Port of Hong Kong to lose millions of dollars in lost business and seriously threaten its role as a leading container port, local reports cited industry players as saying.

The Port of Hong Kong continues to keep recovering from the slump of the past two years, with container throughput rising 13.4% to 1.85m teu in May.

Shipowner Courage Marine, which currently owns only two bulk carriers, has proposed to split one existing share into three in an attempt to boost trading liquidity.

Hong Kong-listed Qinhuangdao Port Co has projected a surge in net profit for its first half ended 30 June 2017 in view of the improving market conditions.

The record for the world’s largest containership has fallen for the third time in just two months with Orient Overseas Container Line (OOCL) smashing the 21,000 teu barrier.

While rising from a relatively low base, the container port industry seemed to spike in April with overall volumes at Cosco Shipping Ports rising 10.1% to 8.67m teu from 7.87m teu in the previous corresponding period.

Courage Marine may terminate a vessel sale agreement with a buyer as the deal may jeopardise the company’s listing and shares trading on the Hong Kong Stock Exchange (HKSE).

HPH Trust is looking at a neutral to modest growth in box throughput this year at its Hong Kong and South China container terminals in view of transhipment volumes anticipated to hold steady and marginal improvements to the container shipping market.