CSCL sunk by container operation

August 31, 2016 Michael Grinter 0

China Shipping Container Line feel victim to its container operation, suffering a Rmb834.57m (US$124.96m) net loss despite disposing of a raft of its container line subsidiaries earlier in the period under review. CSCL had made […]

Bottom falls out of the box

August 26, 2016 Michael Grinter 0

Hong Kong-listed box maker Singamas Container Holdings revealed an interim loss of US$36.6m, compared to a US$10.08m for the same period in 2015. Singamas succumbed to the loss as revenues fell 41.7% to US$410.28m. “The […]

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China Cosco growing pains

August 26, 2016 Michael Grinter 0

The restructuring of Hong Kong listed China Cosco Holdings earlier this year will be cited as one of the reasons for its poor interim results released today. The Group has recorded a massive net loss […]

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SITC holds steady

August 22, 2016 Michael Grinter 0

Hong Kong-listed intra-Asia shipping logistics operator SITC held steady during a tough first half of 2016. SITC repeated last year’s interim performance with a net profit of US$71.3m, despite a 7.5% fall in revenues to […]

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