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Hyundai Heavy Industries Co Ltd, the world's largest shipbuilder, reported yesterday better-than-expected quarterly net profit but expected new orders to drop 23% this year due to the global downturn.
NEW YORK: Investors got the solid results from Goldman Sachs they wanted on Tuesday, but the gains were modest after a big rally the day before.hr noshade size=-1 width=50%>
PETALING JAYA: Overcapacity in the container shipping industry will not be absorbed quickly unless the global economy rebounds strongly in the next two years.
PETALING JAYA: The weak ringgit is a boon for global energy shipping company MISC Bhd, but unpredictable swings in tanker charter rates is clouding its earnings outlook.
SHANGHAI: Telecom, tech, auto companies and shipping firms are among the biggest gainers in China and Hong Kong after the trade truce between Washington and Beijing.