Once the world's largest container port, Hong Kong now faces another dive once the announced container alliance between Maersk Line, MSC, and CMA CGM starts operating.
BY OLE ANDERSEN
The Port of Hong Kong, which back in 2000 - 2004 held the title as the world's busiest container port, lost 3.3 percent of its revenue in 2013. The biggest decline among the world's 20 largest ports, according to a survey performed by Alphaliner.
Belgian shipping family Saverys acquires additional shares in Euronav and now only needs a small increase of its equity position to block a full merger between the tanker operator and rivaling company Frontline.