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(Bloomberg) -- Container shipping rates are heading higher again, driven to new heights by unrelenting consumer demand and company restocking from Europe to the U.S. that are exhausting the world economy’s capacity to move goods across oceans.
ABU DHABI: Dubai property developer Limitless, one of the biggest casualties of the emirate’s financial crisis in 2009, may end up taking close to two decades to complete its debt restructuring under the timeline of its new plan.
TOKYO: Asian spot prices for liquefied natural gas (LNG) rose this week as China, Japan and South Korea sought supply in an early move to stock up for winter, industry sources said.
SEOUL: South Korea’s flagship carrier Korean Air Lines Co is expected to have turned a profit in the first quarter of 2021, data showed yesterday, as the company expanded its logistics business after the new coronavirus pandemic virtually suspended passenger travel.
KUALA LUMPUR: KUB Malaysia Bhd, MSM Malaysia Holdings Bhd, Top Glove Corp Bhd, Aeon Credit Service (M) Bhd, MMC Corp, Axiata Group Bhd and Digi.Com Bhd are among the stocks to watch on Friday, according to JF Apex Research.
Move will optimise ports’ operational efficiency
PETALING JAYA: The Port of Tanjung Pelepas (PTP) is expected to register a spike of cargoes over the next few weeks due to the Suez Canal blockade.
FOR a glimpse of how quickly and unevenly economies are recovering from the pandemic, look no further than the market for shipping raw materials.
KUALA LUMPUR: If not for the sell-off in the rubber glove counters, stoked by the US Customs and Border Protection (CBP) last Wednesday, Malaysia could have recorded net inflow for month of March, said Bank Islam Malaysia Bhd economist Adam Mohamed Rahim.