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Day: December 27, 2010

Cargill profits ‘to stay short of 2008 levels’

Cargill’s profits are to rise – but will not hit the bumper levels of three years ago, Fitch Ratings has forecast, noting a, small, downside to the company from soaring crop prices. While Fitch gave no reason for its...

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Shipping firms to contain problem in Vietnam

Foreign shipping lines have been left at sea by unclear liquidation procedures for abandoned containers at Vietnam’s ports. “Retarded liquidation of goods has caused huge losses to us as we have to pay high leasing costs for...

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Hawaii shipper asks for 24% hike

Young Bros. Ltd., Hawaii’s regulated interisland ocean cargo transportation firm, says it needs to raise average rates 24 percent — the highest increase in at least 30 years. Young Bros. filed an application with the...

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