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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.
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.
KUALA LUMPUR: The shipping industry’s outlook for 2019 and beyond remains uncertain after experiencing a relatively buoyant climate last year, thanks to the improvement in the dry bulk market driven by better freight rates across all shipping segments.
SINGAPORE: The global shipping market is set for a recovery, benefiting from new global rules on marine fuels that came into effect at the beginning of the year after more than a decade of tough market conditions, according to IHS Markit.