Uplift for Hong Kong's air cargo hub status, while container port declines
Hong Kong government plans to further boost the SAR’s international aviation hub status – in ...
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XOM: INCOME PLAYSTLA: BOUNCING FROM LOWSCHRW: A SLEW OF UPGRADES MAERSK: MOMENTUMAAPL: BOOOOMMMAMZN: CONF CALL TRANSCRIPT SCREENING ZIM: MAERSK BOOST DHL: SHRUGGING OFF CYBER TROUBLE SO FARGXO: WINCANTON RISK HEIGHTENSGXO: REMARKS THAT WERE NOT LIKEDMAERSK: SURGINGMAERSK: CLIENTS NOT EXPECTED TO PAY MORE FOR GEMINIMAERSK: NO GXO APPETITEMAERSK: 'NOT FULLY SATISFIED YET' MAERSK: 'GEMINI DESIGN' MAERSK: GEMINI NETWORK MOVING PARTSMAERSK: CAPITAL RETURNSMAERSK: CONSOLIDATION ON THE RADARMAERSK: CONF CALL
Shanghai Daily has warned that the slump seen in industries such as steel and cement will soon hit the ports business. While trade weakness is the main problem, the article also points out that in combination with port overcapacity, it can affect local economies. It predicts the difficulties China’s ports will have in the future as they go from profit to loss. “Too many city governments counted on new ports to boost local GDP data,” said a professor.
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