China Shipping Development Company profits plunge 80.2pc
03-31-2010
- The China Shipping Development Company's net profit fell 80.2 per cent year on year to CNY1.06 billion (US$1.5 million) drawn from its 2009 revenues of CNY8.73 billion, a decline of 49.3 per cent.
The domestic business ..
Yangtze mouth's deepwater channel opens for trial operations
03-31-2010
- China's largest water transport project, Yangtze River Mouth's deepwater channel's phase three rectification, has passed the state inspection and the channel has been opened for trial operations.
The channel linking Eas..
Shanghai port sees profit rise on recovering trade
03-30-2010
- Shanghai International Port (Group), the largest port operator in China, booked a net profit of US$150.9 million in the fourth quarter of last year, up 48 percent from a year earlier, China Knowledge Press reported.
Sha..
Container volumes surge for NOL
03-30-2010
- Container volumes handled by Neptune Orient Lines continued to surge during the second month of the year, and freight rates were also on the rise. NOL said it handled 189,100 feu in the period February 6 to March 5, up 3..
Clarkson: Global container shipments to grow 5.5pc this year
03-30-2010
- The global container trade will grow by 5.5 per cent in 2010, industry research group Clarkson said.
The gains are expected to be led by Far East-Europe trade, which after witnessing a 9.5 per cent decline last year, is..
Port of Melbourne box numbers on the rise
03-30-2010
- Boosted by strong growth in containers, total trade through the Port of Melbourne has now drawn level with pre-financial crisis volumes, down just 0.1 percent for the financial year to date.
The Port of Melbourne record..
China's leading ship builder CSSC net profit down 40% in 2009
03-30-2010
- China State Shipbuilding Co.(CSSC) Holdings Ltd. the country's leading ship builder, announced Monday that net profits in 2009 shrank by 39.88 percent due to declining orders and prices hit by the global economic slowdow..
Shanghai Port Q4 net jumps 48% as trade recovers
03-29-2010
- Shanghai International Port (Group) Co, China's biggest port operator, posted a 48 percent surge in fourth-quarter net profit, halting an earnings slide as prospects improved for global trade.
"Looking forward, the out..
DHL launches LCL service from Hong Kong to Guatemala
03-25-2010
- DHL has introduced a weekly less than container load (LCL) service from Hong Kong to Guatemala, reducing transit time between the two destinations to within 27 days.
The new line comes in response to growing trade volum..
Cargo handling at South Korean ports climbs 9.5% in February
03-25-2010
- Cargo handling at South Korean ports shot up in February to a level not seen since before the global economic downturn, Yonhap News reported.
Cargo handling through ports nationwide soared 9.5 percent from a year ealier..