China Railway Corporation (CRC) is expected to raise freight rates early this year to relieve its massive debt burden and speed up market-oriented reform in the industry, which it monopolises.Saturday, 11 January, 2014, 5:00am
Anaemic growth in the US and little improvement in Europe's economic conditions will make 2013 as "challenging" as last year for Orient Overseas Container Line (OOCL), the financial head of the shipping line's parent company said yesterday.7 Mar 2013 - 6:12am
The largest increase in the mainland's rail freight rates in a decade is to subsidise the country's loss-making high-speed railways, said James Chung, an analyst with MasterLink Securities.
One reason for the losses made by the high-speed-rail services was the central government needed to keep the ticket prices low to make them affordable to the public, Chung said.25 Feb 2013 - 4:52am
Richard Lidinsky Jnr may not be public enemy No 1, but then again neither is the straight-talking, no-nonsense chairman of the US Federal Maritime Commission seen by Asian shippers' organisations as their best friend.3 Dec 2012 - 4:26am
The mainland's two largest shipping companies, China Ocean Shipping (Group) and China Shipping, are exploring ways to deepen their business relationship, Cosco president Ma Zehua confirmed yesterday.
He said the two sides would "conduct more dialogue and research" to strengthen their co-operation across various shipping sectors and not just the container shipping business.18 Oct 2012 - 4:47am
After one of the worst downturns in more than 30 years that has caused a slump in freight and charter rates and a rise in corporate casualties, optimism is slowly returning to the dry-cargo shipping industry.21 May 2012 - 12:00am
Heightened volatility in freight rates is set to continue over the next few years as the global shipping industry absorbs new tonnage and cargo demand remains uncertain, a senior analyst at Goldman Sachs said.
Tom Kim, a global head of transport research, said the shipping industry was 'in a downturn that would last some time'.7 Apr 2012 - 12:00am
China Shipping Container Lines, the mainland's second-largest container shipping company, said it is seeking to resume freight rate increases from April after posting a 98.67 per cent drop in net profit last year.
Shipping companies are feeling the impact of weaker demand for consumer goods from the United States and Europe amid the global financial turmoil.27 Mar 2009 - 12:00am
China Shipping Development, the mainland's largest coastal energy shipping company, said high oil prices and an oversupply of tankers would undermine demand for oil transportation, exerting downward pressure on tanker rates.13 Aug 2008 - 12:00am
China Shipping Development, the largest coastal coal shipping company on the mainland, said rates for domestic freight contracts had jumped 40 per cent from last year due to coal shortages in the world's fastest-growing economy.
The increase surprised analysts who had predicted a 30 per cent rise.14 Feb 2008 - 12:00am