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Monthly Archives: August 2015

Drewry: Slow growth in Chinese imports poses risks for container trade

Industry analyst Drewry has warned that the slowdown in Chinese economic growth is likely to hit container trade. The IMF has forecast Chinese growth of 6.8% in 2015 and 6.3% in 2016 and, while this is relatively high globally, the slowing trend has prompted Drewry to downgrade its outlook for Greater China and, subsequently, world container traffic. The analyst is ... Read More »

NOL makes second quarter profit of $3m amidst sale talk

NOL's CEO said the fourth quarter was particularly difficult

Neptune Orient Lines (NOL) made a net profit of US$3m in the second quarter of this year amidst rumours of a possible sale of the company. The figure, which excludes the US$887m gain on the sale of APL Logistics, its supply chain management business, contrasts with a US$54m loss posted over the same period last year. In a webcast, NOL ... Read More »

Former SLPA chair denies corruption allegations against organisation

The former chairman of the Sri Lanka Ports Authority (SLPA) has denied allegations that corruption and malpractice have been common at the organisation. These allegations have been made by the country’s ports minister, its port workers union and anonymous sources cited by national newspaper The Sunday Leader. The Sunday Leader has claimed that, according to reports, the SLPA has incurred ... Read More »