Hong Kong Terminal Strike Update, April 15, 2013

As we come to the 18th day of the the strike at HIT terminals in Hong Kong, we see disputing claims from both sides. HIT is stating a claim that it is running at 86% of its handling capacity, 90% during peak periods this past Saturday. Trade union representatives denied this claim, indicating that the terminal is still hampered by the strike, only handling 15 containers an hour instead of the standard 25 containers an hour before the strike.

Both sides are set to meet again on Tuesday to try to bring a resolution to this dispute. Shipments are still moving out of Hong Kong. However carriers have adjusted their schedules to account for delays in Hong Kong.

-Jimmy Ting

jimmyting@great-world.com

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