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  1. Freight rates forecast to rise

    Posted Mar 16th 2004, 12:00am by Annette Chiu

    ... Annette Chiu Oil and bulk carrier China Shipping Development expects coastal shipping bulk freight rates to rise by as much as 10 per cent this year on the back of increasing mainland ... industry,' vice-chairman Li Shaode said yesterday. 'We are confident the results this year will be better than 2003.' The Baltic Dry Index, the benchmark for international bulk freight ...

  2. Shipping firms face stormy seas, analysts warn

    Posted Aug 11th 2008, 12:00am by Andrea Li

    ... Tang said that bulk cargo trade demand was only expected to grow 5 per cent this year compared with the bulk carrier supply growth forecast at 9 per cent. Further exacerbating the situation ... Andrea Li Despite strong earnings by bulk shipping companies due to the mainland's continued demand to move raw materials, they face tougher times ahead, analysts warn. Pacific Basin, ...

  3. Carrier's profits soar despite fuel costs

    Posted May 09th 2005, 12:00am by Staff Reporter

    ... Cathay Pacific Airways Cathay Pacific Airways bucked sky-high fuel prices and new competition from regional low-cost carriers to record a near-record profit last year, confirming its ... Last year, Cathay carried a record number of passengers, and the carrier has not been shy about passing the higher fuel costs on to them. The airline recently applied to the Civil Aviation ...

  4. Carrier on course for asset transfer

    Posted Aug 27th 2004, 12:00am by Annette Chiu

    ... Annette Chiu China Eastern awaits approval on plan to take on regional airlines from parent China Eastern Airlines Corp may complete the integration with two smaller, regional carriers ... yesterday. The company is awaiting government approval for the restructuring. 'Nothing has been finalised at the moment,' Mr Ye said. The two regional carriers in 2002 were merged into its ...

  5. Trouble on the horizon

    Posted Oct 04th 2009, 12:00am by Simon Parry

    ... as the global economic crisis has deepened, hundreds of container ships, bulk carriers and oil tankers have congregated, drawing an iron curtain along more than 30 kilometres of Johor state coastline. ... low typhoon count. Business for bulk carriers has picked up slightly in recent months, largely because of the mainland's revived appetite for raw materials such as iron ore, says Huxley, ...

  6. Profit soars despite sluggish economy

    Posted Aug 18th 2008, 12:00am by Staff Reporter

    ... with last year, Richard Hext, CEO of Pacific Basin Shipping, says there has been little impact on demand for dry-bulk shipping services. The company reported a 107 per cent increase in profit ... Are there any notable changes in the industry this year? Any key challenges? We have witnessed few signs of a slowdown in demand for dry-bulk shipping services, despite the weakening global economy. ...

  7. Now TV spin-off talk fuels surge in PCCW shares

    Posted Sep 25th 2010, 12:00am by Staff Reporter

    ... Bien Perez At PCCW's shareholders meeting in May, the carrier's senior management, led by group chairman Richard Li Tzar-kai, said they shared their fellow investors' aspiration to see the carrier's long underachieving shares perform as well as its operations have managed to do. This quarter, the wish might come true. PCCW, Hong Kong's biggest ...

  8. Falling demand slows Cosco earnings growth

    Posted Oct 30th 2008, 12:00am by Charlotte So

    ... Charlotte So Diminishing demand for iron ore and coal slowed earnings growth at shipping conglomerate China Cosco Holdings, the world's largest operator of bulk vessels. ... billion yuan in the same period last year. Sales jumped 27 per cent to 33.22 billion yuan on a 9 per cent gain in bulk cargo volume. In the first nine months, net profit rose 67 per cent to 19.71 ...

  9. Cosco earnings sink 40.4pc on lower rates

    Posted Apr 23rd 2009, 12:00am by Charlotte So

    ... Charlotte So China Cosco Holdings, the world's biggest operator of bulk shipping vessel, announced yesterday a worse than expected 40.4 per cent decline in net profit for last year ... amid the global recession. The Baltic Dry Index, which tracks charter rates on varied bulk vessels, plummeted to 663 points on December 5, the lowest level since June 1985, only seven months ...

  10. Cosco warns of industry losses, cancels orders

    Posted Sep 25th 2009, 12:00am by Charlotte So

    ... Charlotte So China Cosco Holdings, which is in talks with shipyards to recall orders for ships after cancelling eight bulk vessels in July, said the container shipping industry would ... of the board of Cosco, said in Hong Kong yesterday. 'We will try to minimise the loss from the sector and offset the loss by the profit generated from bulk shipping.' Cosco's container ...




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