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DHL first half profit off 32.6pc to US$2.05 billion as sales fall 12pc
GERMAN air forwarding giant DHL posted a 32.6 per cent first half year-on-year net profit decline to EUR1.88 billion (US$2.05 billion) drawn on revenues of EUR41 billion, down 12 per cent."The environment in which our group operates is more challenging today than it was a year ago," sai...
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NYK Line leads the way on biofuels with maiden Vietnam voyage
JAPAN's NYK Line has announced that its 49,035-ton wood chip carrier Daio Astral uses biofuel to reduce CO2 emissions and had transported cargo using biodiesel fuel to Vietnam.This was the first time any NYK overseas-bound vessels had done this. By substituting biofuel for heavy oil, it reduc...
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Korean Shipbuilders face Chinese rivals in mega orderbook race
CHINESE shipbuilders have secured substantial orders for large containerships from global shipping giants for the first time, reports Soeul's BusinessKorea.The Chinese government has played a pivotal role in supporting its shipbuilders, propelling China to become the world's leading build...
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