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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1147)	10/27/2003 10:54:38 PM
From: Julius Wong	Respond to of 6370

Neptune, Maersk Profit From Demand for Chinese Goods Oct. 28 (Bloomberg) -- China, home to one-fifth of the world's population and the fifth-biggest trader of goods, filled 31 percent of all container ships headed to the U.S. last year, up from less than 5 percent in 1990. The result: a profit boom for such shipping companies as Singapore's Neptune Orient Lines Ltd., Taiwan's Evergreen Marine Corp., Denmark's Maersk Sealand and the U.K.'s P&0 Nedlloyd Container Line Ltd. They are set to reverse $2 billion of combined losses on the world's busiest cargo route last year, mainly because of rising demand for Chinese exports. Most trans-Pacific carriers will post record or near-record profits in 2003 and 2004, said Nam Nguyen, an analyst with Deutsche Bank in Hong Kong. Shares in three of the top five trans- Pacific shipping companies by volume have almost tripled in the past 12 months as U.S.-bound exports from China have risen 22 percent since January 2003. quote.bloomberg.com