The pace of the falls in container volumes at the Port of Hong Kong seems at least to have slowed a little in July, with a 9.5% fall in throughput to 1.75m teu compared to the 12.9% fall in volumes the month before.
Hong Kong-based container line group Orient Overseas (International) Limited (OOIL) turned in a creditable set of first half figures amid a tough market environment, with net profit rising a third to $238.6m from $181.3m in the same period in 2014...
Mainly Hong Kong and China-based port operator HPH Trust saw stronger second quarter results as management focused primarily on tariffs and costs improvements, it said in a stock market announcement.
The Port of Hong Kong continued its downward slide in June, with throughput falling 14% to 1.34m teu at the main Kwai Tsing terminals from 1.56m teu previously.
The 8th Seatrade Maritime Awards Asia is calling for entries and nominations in 12 different award categories, which seek to recognise individuals and companies for their outstanding contributions to Asia’s maritime industry.
Top container line Maersk has appointed GAC to handle all husbandry services for its vessels calling at Hong Kong.
Hong Kong port's slumping trade continued in May with throughput falling 12.7% overall to 1.74m teu from 1.99m teu in May 2014.