As ChinaÆs largest dry-bulk shipping company in terms of the size of its self-owned fleet, the company is benefiting from the continued rise in dry-bulk freight rates that is driven primarily by ChinaÆs seemingly insatiable demand for commodities. SinotransÆ plan to aggressively expand its shipping capacity over the next few years should also support a significant improvement in earnings, syndicate analysts believe.
Aside from its fleet of 26 dry-bulk vessels that are used to transport goods such as iron ore, coal, grain and...
¬ Haymarket Media Limited. All rights reserved.
