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Month: November 2009

‘K’ Line confident of continued growth

China imported about 290 million tonnes of iron in the first half of 2009, which is 25 per cent more than the same period of 2008. … We have increasing confidence in sustainable growth of dry bulk markets. As for the...

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Maersk aims to take bananas further

Maersk Line has introduced a new generation of controlled atmosphere containers which have been specially designed to carry bananas over longer distances and are able to maintain product quality for up to 45 days. The technology...

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Cosco Posts 80% Profit Drop, Warns on Dim Outlook

Cosco Corp. said its third-quarter net profit fell 80% from a year earlier, because of lower contributions from its ship-repair and ship-building businesses, and warned that it expects profit for the year to be substantially...

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Archer Daniels Midland profit falls on weak demand

Archer Daniels Midland Co. said Tuesday that its first-quarter profit tumbled 53 percent as the global recession dragged down demand for crops and ethanol, but demand is improving in some key markets. … Crop and ingredient...

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