Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Uncategorized

Maersk Line appoints GAC to provide husbandry services in Hong Kong

byCustoms Today Report
14/07/2015
in Uncategorized
Share on FacebookShare on Twitter

HONG KONG: The world’s largest container shipping company, Maersk Line, has appointed GAC to provide husbandry services for its vessels calling at Hong Kong.

Maersk Line is part of the Maersk Group, headquartered in Copenhagen, Denmark. It operates 608 container vessels and has 374 offices in 116 countries. The company employs 7,100 seafarers and 25,500 land-based employees.

You might also like

Pakistan to get $3b loan from Islamic Trade Financing Corporation

20/10/2024

Lahore I&I & Enforcement anti-smuggling operations achieve record success in early FY 2024-25

10/09/2024

Under the two-year contract, which commenced on 1 July 2015, GAC will handle more than 1,000 calls by Maersk Line and MCC vessels per year at all ports and terminals in Hong Kong.

“We chose GAC to handle our husbandry requirements in Hong Kong based on its established track record in ship agency, marine and crew transportation in South China, as well as our shared corporate ethos of delivering on promises of performance,” says Danny Chen, Director Procurement, Far East Asia Liner Operations Cluster of Maersk Line (China).

Thomas Okbo, GAC Hong Kong’s Managing Director adds: “When Maersk Line wanted to outsource its husbandry operation in Hong Kong, we put together a dedicated team to handle the account, in close cooperation with four professionals from their husbandry team. With more than 40 years of agency experience in Hong Kong, we have what it takes to meet their needs.”

Decline and rebound

Hong Kong ranked as the world’s fourth largest container port with a throughput of 22.3 million TEUs in 2014. In 2015, however, container throughput year-on-year declined, dropping by double digits in March 2015. The port’s handling capacity has been impacted by a number of factors including greater deployment of mega container vessels, a substantial rise in river barge traffic, as these are favoured over inland transportation for the movement of cargo containers and the port’s increasing reliance on international transshipments.

Nonetheless, Okbo remains optimistic that container throughput will rebound and that Hong Kong will see a moderate growth in the near future. “Hong Kong will continue to be one of the world’s thriving container ports,” he says. “With enhanced port handling capacity, I expect the throughput to turn around, which will in turn boost the demand for our shipping services.”

 

 

 

 

Related Stories

Pakistan to get $3b loan from Islamic Trade Financing Corporation

byCT Report
20/10/2024

ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...

Lahore I&I & Enforcement anti-smuggling operations achieve record success in early FY 2024-25

byCT Report
10/09/2024

LAHORE:  Regional Directorate of Customs Intelligence & Investigation has demonstrated exceptional performance in the first two months of the fiscal...

ICCI and CDA to join hands for tree plantation drive in Capital

byQaisar Mansoor
09/08/2023

ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) in collaboration with the Capital Development Authority (CDA) would jointly launch a...

Customs Officials Yawar Abbas & Tariq Mehmood kidnapped in Karachi

byCT Report
08/07/2023

KARACHI: Customs Intelligence Officer Yawar Abbas and Customs Preventive Officer Tariq Mehmood who were working against smuggling were kidnapped by...

Next Post

Kuwait’s Boubyan Bank profit jumps 28% to KD16m in H1

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.