Daily Archives: 11 April, 2009

China Shipping 2008 net down 96%

China Shipping Container Lines said its 2008 net profit fell 96 percent from a year earlier due to a slump in exports amid the global financial crisis, and that it expects excess shipping capacity to push revenue down a further 15 percent in 2009. China’s …

CMA CGM revamps Asia-US service

CMA CGM Group has announced that it will be rationalising its services between Asia and the US East Coast, with several changes As from the end of March 2009, CMA CGM and its partner TNWA will stop their ESX/SAX service calling Ningbo, Shanghai, Chiwan, Hong …