May rate rise could see box lines bounce back in 2010
by
Keith Wallis, Hong Kong
—
last modified
Feb 26, 2010 04:09 PM
HANJIN Shipping and other trans-Pacific container lines could return to profit this year if a May rate increase on the trade goes through as planned, the head of the South Korean carrier said last week.
Chief executive Kim Young-min said: “If talks on the transpacific route go well, most container lines should be able to return to profit, even by a small margin.”
But he warned that while global shipping volumes could climb between 5%-6%...
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