Shanghai-based China Shipping Container Lines said it will significantly beat its $430 million profit forecasts for the year, according to a Bloomberg report Monday.
The carrier said increased load rates and yields on the backhaul from the U.S. to Asia (helped by the falling dollar), as well as increased rates on services to Europe have led to higher than expected revenue. China Shipping's vessels have been 40 percent full from U.S. ports to China in 2007, compared to 10 percent in 2006, the story said. |
