Related News

Home » Business » Transport

Choppy waters

CHINA Shipping Container Lines Co, the nation's second-biggest cargo-box carrier, yesterday said unaudited net income for the year ended December 31 fell more than 50 percent as Chinese exports shrank and shipping capacity rose. Net income in 2007 was 3.32 billion yuan (US$485 million).

Container-shipping capacity was added more quickly than freight demand increased, and the traditional high-traffic season didn't happen this year, it said.



 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend