Hong Kong Airport celebrates as 'landmark' three-runway system takes off
Hong Kong International Airport yesterday celebrated the launch of its much-awaited three-runway system and new ...
ZIM: TAKING PROFITXPO: CPI BOOSTMAERSK: WINNERCHRW: TOP 'QUANT' PICKGXO: KEY EXEC OUTAAPL: 'MUSK RISK'EXPD: SELL-SIDE BEAR UPS TARGETUPS: SLIDINGZIM: SURGING ON TAKEOVER TALKEXPD: CASHING INCHRW: INSIDER SALEFWRD: TRADING UPDATE
ZIM: TAKING PROFITXPO: CPI BOOSTMAERSK: WINNERCHRW: TOP 'QUANT' PICKGXO: KEY EXEC OUTAAPL: 'MUSK RISK'EXPD: SELL-SIDE BEAR UPS TARGETUPS: SLIDINGZIM: SURGING ON TAKEOVER TALKEXPD: CASHING INCHRW: INSIDER SALEFWRD: TRADING UPDATE
Given that its container throughput has stagnated over the last few years, you would have thought that the last thing Hong Kong needs is to expand its capacity. But it is facing a dilemma which demonstrates the sort of challenge that mega-alliances will pose ports – with cargo coming in ever-larger chunks, congestion is increasingly on the rise. Terminal operators need to consolidate their operations geographically to increase their customers’ transhipment options, and for that they need government assistance, which doesn’t appear to be particularly forthcoming.
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