Hong Kong shippers and trading groups have urged exporters not to dump shipments mid-voyage to avoid crushing tariffs by the White House, saying the “irrational” move would incur huge costs while tarnishing the reputation of the company involved and the country. They made the calls on Thursday as the Post reported a case of a…
The headquarters of the World Trade Organization in Geneva on Feb. 5, 2024. Fabrice Coffrini | Afp | Getty Images Hong Kong will file a complaint on recent U.S. tariffs imposed on the city to the World Trade Organization, claiming the U.S. has completely ignored the city’s status as a separate customs territory, chief secretary Eric Chan said on Tuesday. “This is absolutely inconsistent with…
Aframax oil tankers that serviced crude oil exports from Russia’s western ports are now being redirected to the Russian Far East-China route to service the exports of Russia’s ESPO crude, a favorite with Chinese refiners, Bloomberg reports, citing shipbroker and ship-tracking data. The Biden Administration’s final sanctions on Russian oil trade were the most aggressive…
Sweden’s foreign minister says China denied request for prosecutors to probe Chinese ship linked to two severed Baltic Sea cables. China says it had provided information and documents for an open investigation into the severing of two Baltic Sea undersea cables, though Sweden alleges Beijing has not been adequately transparent in the case. Chinese Ministry…
Hong Kong’s standing as an aviation and maritime hub was dealt a severe blow by the Covid-19 pandemic, China’s economic downturn and intensifying competition. Now, it faces another challenge: green fuel. The city trails regional rival Singapore on policies and supply chain development for sustainable aviation fuel (SAF), the most feasible decarbonisation solution for the…
Hong Kong’s standing as an aviation and maritime hub was dealt a severe blow by the Covid-19 pandemic, China’s economic downturn and intensifying competition. Now, it faces another challenge: green fuel. The city trails regional rival Singapore on policies and supply chain development for sustainable aviation fuel (SAF), the most feasible decarbonisation solution for the…
The shipping and packaging industry will likely see change in 2025 under Trump in ways that are also expected to impact supply chains and consumer markets. Charles Haverfield, the CEO of US Packaging & Wrapping, believes there are five key trends that will reshape shipping in 2025. In the world of fashion, some supplier initiatives…
With the lockouts, $930m of goods are being affected daily, affecting supply chains and local economy, the government says. Canada’s labour minister is intervening to end the lockouts of workers at the country’s two biggest ports. Minister of Labour Steven Mackinnon said on Tuesday that the negotiations had reached an impasse and he was directing…
A former Hong Kong chief executive has dismissed concerns over the local container port losing out to rivals, while emphasising the need to develop related legal and insurance services to strengthen the city’s status as an international shipping centre. Leung Chun-ying, now a vice-chairman of the country’s top political advisory body, also said on Sunday…
Former Hong Kong leader Leung Chun-ying has urged the city to draw from the experience of its Shenzhen neighbour and take bolder, faster steps to push for increased competitiveness through reforms such as high-end industrial development. Leung made the call on Saturday after the recently concluded third plenum of the 20th Central Committee of the…