Cathay Cargo aims for flexibility in bullish Hong Kong airfreight market
Cathay Cargo is committed to being “flexible” this year, in the face of global uncertainty ...
Hong Kong’s status as a major container port hub could suffer a severe blow if mainland China further relaxes cabotage rules.
A new report by respected Hang Seng Management College (HSMC) claims the world’s fifth-largest port could lose as much as 2.4m teu in transhipment traffic or 14% of its throughput, should China’s cabotage rules, allowing foreign-flagged vessels to carry domestic cargo between Chinese ports, be fully relaxed.
Currently, only vessels registered in China or flying the Chinese flag are permitted to conduct ...
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