Box ship building in China hits new heights with 68.5% of global orders
China has become the undisputed front-runner in containership building, with an orderbook, extending to 2030, ...
PLD: DOWNSIDE RISKKNIN: TOP SCHENKER EXEC INR: STUNNING PAYOUT RISE AND NEW RECORDXOM: DISPOSALS AMID EARNINGS PRESSUREDHL: JOINING THE BEAR CAMP DSV: LOOKING FOR DIRECTIONUPS: TURNING MORE BULLISHCHRW: TRIMMING AHEAD OF EARNINGSBA: NEW HIGH AMZN: STRENGTHENING AI TIESBA: FLYING HIGHUPS: NEVER CHEAP ENOUGHAAPL: 'DEPTH'AAPL: KEY EXEC CHANGEAMZN: HAPPY DAYS FOR THE GROOM
PLD: DOWNSIDE RISKKNIN: TOP SCHENKER EXEC INR: STUNNING PAYOUT RISE AND NEW RECORDXOM: DISPOSALS AMID EARNINGS PRESSUREDHL: JOINING THE BEAR CAMP DSV: LOOKING FOR DIRECTIONUPS: TURNING MORE BULLISHCHRW: TRIMMING AHEAD OF EARNINGSBA: NEW HIGH AMZN: STRENGTHENING AI TIESBA: FLYING HIGHUPS: NEVER CHEAP ENOUGHAAPL: 'DEPTH'AAPL: KEY EXEC CHANGEAMZN: HAPPY DAYS FOR THE GROOM
Chinese business magazine Caixin on the multitude of problems that are currently besetting state-owned China Railways, operator of the world’s largest rail system, which is facing an identity crisis mainly prompted by a growing debt mountain created by its huge infrastructure investment programme but exacerbated by falling freight traffic. Cargo revenues declined 10% in 2015, and by a further 12% in the first nine months of 2016, and with demand for coal across the country continuing to decline, there is little prospect of its fortunes being reversed, the growth of China-Europe container rail services notwithstanding. “CRC has emerged from its former status as a government entity to become a slow-moving behemoth saddled by trillions of yuan in debt, with little prospects of repaying that money anytime soon.”
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