The fourth edition of the Pacific Basin Soccer Sixes came back better than ever this year with a full complement of 16 teams battling it out at the Hong Kong Football Club on a scorching hot Friday evening.
With the trend towards economies of scale, the ship management market will continue to be dominated by five to seven major players with between 300 to 400 vessels under management each, according to Caravel group chairman and ceo Harry Banga.
The Port of Hong Kong continued its slow slide into weaker volumes for the year with April figures showing an 11.7% overall drop in throughput to 1.70m teu from 1.93m teu previously.
With the 30th anniversary of the Hong Kong International Arbitration Centre (HKIAC) this year, it is appropriate to look back at how the centre has been spectacularly fruitful for the practice of arbitration in Hong Kong.
Major Hong Kong terminal operator Hongkong International Terminals Limited (HIT) said agreements had been reached with external contractors on service contracts for 2015-2016 which will see them getting a 5.5% increase in basic salary beginning...
Container throughput at the port of Hong Kong continued to slow down in February, falling 3.7% to 1.43m teu from 1.49m teu in the previous corresponding period.
A new sea-going motor launch, named Dayspring, has started providing essential welfare services for seafarers out of the port of Hong Kong, thanks to The Mission to Seafarers.
Hong Kong's Orient Overseas (International) Limited (OOIL), parent of major line Orient Overseas Container Line, saw 2014 net profit jump to $270.5m from $47.0m previously on the back of higher revenue and good cost control, the company said.