Hong Kong-listed China Merchants Port Holdings saw net profit fall 39.2% to HK$1.69bn during the interim period ending 30 June 2016. The company’s main focus of port operations recorded net profit at HK$2.07bn, down 14.3% […]
China Shipping Container Line feel victim to its container operation, suffering a Rmb834.57m (US$124.96m) net loss despite disposing of a raft of its container line subsidiaries earlier in the period under review. CSCL had made […]
Just as the company predicted, Hong Kong and Shanghai-listed China Shipping Development Company (soon to be renamed Cosco Shipping Energy Transportation Co) more than doubled net profit for the interim period ending 30 June. CSDC’s […]
Hong Kong-listed box maker Singamas Container Holdings revealed an interim loss of US$36.6m, compared to a US$10.08m for the same period in 2015. Singamas succumbed to the loss as revenues fell 41.7% to US$410.28m. “The […]
The restructuring of Hong Kong listed China Cosco Holdings earlier this year will be cited as one of the reasons for its poor interim results released today. The Group has recorded a massive net loss […]
Shenzhen Port will adopt higher requirements on vessels using low sulphur content fuel not exceeding 0.5% while berthed. The initiative will come into effect from 1 October, after formal notice is given to stakeholders at […]
Hong Kong-listed terminal operator Cosco Pacific recorded a decline in interim net profits of 8.1%, falling from last year’s US$187.20m to US$171.95m. Revenue for the period slipped 0.6% to US$275m as a slowing Chinese economy […]
The interim results of Hong Kong-based integrated logistics and international freight forwarding firm Kerry Logistics, which were released today, provide a useful indication of a flat market. Kerry Logistics announced a 1% year-on-year increase in […]
Elizabeth Sloane has joined the law firm Stephenson Harwood in Hong Kong. Ms Sloane, has been in Hong Kong since 2008 and joins Stephenson Harwood with a wide range of dispute experience. In the maritime […]
Hong Kong-listed intra-Asia shipping logistics operator SITC held steady during a tough first half of 2016. SITC repeated last year’s interim performance with a net profit of US$71.3m, despite a 7.5% fall in revenues to […]
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