The Port of Hong Kong handled far more containers in December than in the same period last year, but the overall container throughput in 2016 is a major disappointment and marks the lowest level since 2002.
Bo Wegener is Maersk Line's new top dog in Singapore and thus spearheads the container carrier in one of the most complex regions on the global map. ShippingWatch sat down with the 42-year-old Dane who must now deliver results from the world's largest shipping hub.
Listed dry bulk carrier Pacific Basin is planning to generate USD 150.6 million by letting old shareholders purchase new shares at a good price. The funds will be spent on, among other things, acquiring new vessels.
Now that Singapore will make it a legal requirement to use mass flow meters when bunkering at the port, ExxonMobil has also implemented the practice on its bunker deliveries in Hong Kong, ExxonMobil's Regional Sales Manager tells ShippingWatch.
The shutdown of Singapore as Maersk Line's regional headquarters has caused concern in the island nation. Going forward, five executives will head the setup in the new giant Asia/Pacific region. ShippingWatch introduces the five executives here. One woman and four men.
Formanden for Hongkongs rederiforening, Tim Smith, satser på en udskydelse af den nye konkurrencelov, der forbyder rederiernes samarbejde i de såkaldte VSA-aftaler. Men tiden er ved at løbe ud, siger han i en kommentar til ShippingWatch.
Univan has, with the merger with Anglo-Eastern Group, become one of the world's two largest companies in ship management. CEO Bjørn Højgaard tells ShippingWatch what kind of business he will now be heading and how the merger will make a difference.
A new piece of competition legislation in Hong Kong threatens to completely displace container shipping from the island, which has one of the largest container ports in the world. Now Hong Kong's container terminal organization backs Maersk Line's criticism of the legislation.