Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Evergreen Marine Posts First-Quarter Net on Global Recovery

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, [...]

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Hanjin Shipping sees growth in cargoes but falling profits in 2011

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

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