Shipping & Marine
Foreign trade outlook dims amidst economic and geopolitical concerns: report
Foreign trade outlook dims amidst economic and geopolitical concerns: report
Hang Seng Bank forecasts a 2.8% market expansion for 2024.
Customs extends FTA scheme to Myanmar and Honduras
The FTA Scheme now covers cargo transshipments of 71 economies
Courage Investment's subsidiary buy Supramax vessel for $120m
A separate subsidiary is disposing the company's oldest vessel for $108m.
'HK a world-class shipping hub': Lam
He added that the government plays a vital role as a “super connector”.
OOIL profit falls 26% in H1 2024
EPS stood at $9.82.
The Orient Overseas (International) Limited’s profit attributable to equity holders dropped to $6.4b (US$833m) in the first half...
HK rolls out green incentive scheme and shipping legislation
It aims for maritime carbon neutrality by 2050.
New shipping safety standards to meet international guidelines
Proposed amendments aim to set safety standards for ships and personnel.
Hapag-Lloyd adopts IQAX’s electronic lading billing technology
The move is seen to hasten the transition towards 100% paperless billing by 2030.
Hong Kong falls out of top 10 container ports for the first time
The city saw a 14.1% YoY decrease in container traffic last year.
Transhipment scheme extended for Mainland-Singapore cargo
The old scheme covered the cargo of 67 economies under 19 trade agreements.
OOIL profit drops to $10.7m in 2023
Group revenue for the year stood at $60.25m.
New cargo clearance scheme launched in HK, Macau, Guangdong
Real-time monitoring of the cargo was conducted by customs in all three locations using e-locks and GPS technology.
Cargo output for 2023 decreased in most segments, C&SD
Vessel arrivals saw significant increases in 2023.
Gov’t to set up a 'digital identity of enterprises' platform
The cost for its establishment will be about $300m.
Towngas supports govt's green initiatives in Budget speech
Amongst the measures is the promotion of green methanol bunkering for vessels.
Hong Kong proposes changes to shipping regulations
The proposal will undergo Legislative Council review on 28 February.
Hong Kong draws on Singapore for modern, green port development
Smart logistics is an area of collaboration Hong Kong intends to push with Singapore.
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