Independent journal on economy and transport policy
19:41 GMT+2
HK-listed port firms face dim prospects in H2
(China Daily)
September 4, 2012
By Oswald Chen ( China Daily HK Edition)
The mainland's port industry will continue to face dim business prospects in the second half of 2012 as it grapples with weak external demand and soaring operating costs, both industry leaders and financial analysts cautioned.
Various Hong Kong-listed shipping and port companies have posted huge drop in their profits in the first half of 2012. China Merchants Holdings' net profit tumbled 55 percent while COSCO's declined 25 percent. Other ports such as Xiamen Port and Dalian port reported a 16 percent and 11 percent decline in their net profits, respectively, over the same period ...... Read more on China Daily
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