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  1. Nine Dragons half-year profit declines 70pc

    Posted Feb 19th 2009, 12:00am by Charlotte So

    ... Charlotte So Nine Dragons Paper (Holdings), the largest container board producer in Asia, said half-year profit slumped almost 70 per cent because of falling selling prices and higher financing costs. Net profit for the six months to December plunged to 3 ...

  2. Great Wall plans Tianjin plant for export market

    Posted Apr 21st 2009, 12:00am by Charlotte So

    ... The plant would be completed by the end of next year and had a designed annual capacity of 100,000 units, compared with the company's current capacity of 200,000 units, Great Wall said. ... units in the first quarter, said Mr Bai. The sedan division was expected to rebound to a profit this year after 8,000 units were sold in the first three months and 7,000 units this month, he ...

  3. Pacific Basin forecasts strong rise in charter rates

    Posted Aug 05th 2008, 12:00am by Charlotte So

    ... Charlotte So Pacific Basin Shipping, the world's largest operator of small dry bulk vessels, says rising global cancellations for new ships will lift charter rates over the next 12 months as fewer vessels compete to carry cargo. The firm issued the b ...

  4. Air China to slash spending as revenue remains flat

    Posted Apr 22nd 2009, 12:00am by Charlotte So

    ... Charlotte So Air China will cut capital expenditure by as much as 30 per cent this year as a rebound in domestic demand in recent months failed to boost revenue amid the global recession. Executives at the Beijing-based airline said they hoped the discoun ...

  5. Airline shares soar on fare review

    Posted Apr 21st 2009, 12:00am by Charlotte So

    ... Charlotte So Shares in mainland airlines rose as much as 17 per cent yesterday after the government instituted a new airfare pricing system designed to partially roll back some of the deep discounting that has battered industry earnings. Under the new mec ...

  6. Cash injections expected to spark rally in airlines

    Posted Dec 11th 2008, 12:00am by Charlotte So

    ... Charlotte So Shares of China Southern Airlines and China Eastern Airlines Corp are expected to rally when they resume trading today after their suspension, as investors welcome news of cash injections and as the airlines catch up on the broader market ...

  7. Sinotrans units rise on news of state cash aid

    Posted Aug 14th 2009, 12:00am by Charlotte So

    ... with Changjiang Shipping Corp, a model for Beijing's effort to reduce the number of major state-owned firms. Shares in Sinotrans Shipping rose 7.98 per cent to HK$4.06 yesterday. Sinotrans Ltd closed ... yesterday, quoting an unnamed source. The merger of the two state-owned firms received the approval of the State-owned Assets Supervision and Administration Commission in December last year, although ...

  8. Singamas cuts production target as demand eases

    Posted Sep 05th 2008, 12:00am by Charlotte So

    ... Charlotte So Singamas Container Holdings, the world's second-largest container manufacturer, lowered its production target by 16 per cent to 700,000 teu (20-foot equivalent units ... of containers sold by the company fell to 350,131 teu in the first half, down 16.7 per cent year on year. The outlook for the second half is also gloomy. 'The subprime mortgage crisis in the United ...

  9. China Eastern expects further fall in air traffic

    Posted Aug 27th 2008, 12:00am by Charlotte So

    ... Charlotte So China Eastern Airlines Corp, which posted a surprise loss for the first half of the year, expects air traffic to weaken further in the second half because of mainland austerity measures. Losses at the Shanghai carrier fell to 212 million yuan ...

  10. Bulk shippers fall on rates gloom

    Posted Sep 27th 2008, 12:00am by Charlotte So

    ... said it could cut output by 15 per cent in Europe and the United States. The cost of hiring capesize vessels is expected to plummet the most in at least nine years. The freight rate is expected ...




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