Evergreen Marine Corp., the listed unit of Asia’s biggest container line, posted a fourth straight quarterly profit as the global economic recovery boosted shipping volumes.
Net income was NT$1.31 billion ($46 million), or 41 cents a share, in the first quarter, compared with a net loss of NT$87 million, or 3 cents, a year earlier, [...]
Hanjin Shipping, the world’s ninth biggest container shipper, predicted global container shipments would grow up to 8 percent this year, supported by bright trans-Pacific trade prospects.
However, given a better-than-expected 2010 for the container market, chief executive Kim Young-min did not see industry profitability improving amid high oil prices.
From the Manila Bulletin