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

To: RealMuLan who wrote (5249)	8/2/2005 1:15:23 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Halterm Fund jumps on China Shipping deal Tue Aug 2, 2005 11:13 AM ET Printer Friendly \| Email Article \| Reprints \| RSS TORONTO, Aug 2 (Reuters) - Halterm Income Fund (HAL_u.TO: Quote, Profile, Research) units jumped to their highest level in more than five months on Tuesday after the shipping company signed a three-year deal with China Shipping (2866.HK: Quote, Profile, Research). The fund, whose wholly owned subsidiary operates a cargo transfer facility in Halifax, Nova Scotia, climbed C$1.10, or 18.6 percent, to C$7.00 on a volume of more than 93,000 shares. Halterm Ltd. signed the deal with China Shipping's North American division to provide container handling services in the Port of Halifax for China Shipping's new service route between China and Southeast Asia and the east coast of North America. The weekly service consists of 10 4,200-TEU (twenty-foot equivalent unit) vessels and is scheduled to make its first call at Halterm in late August. The fund said the service is expected to initially increase container volume in Halifax by about 25 percent to 30 percent on an annual basis. ($1=$1.21 Canadian) today.reuters.com