China Shipping will beat its profit forecasts

China Shipping Container Lines, Asia’s second-largest container line, said it will beat its profit forecast after raising rates for shipments from Europe and carrying more cargo from the U.S. Chairman Li Shaode said in Shanghai that profit this year will be ’significantly better’ than the RMB3.18 billion (0 million) previously expected. He said, ‘Fewer empty boxes help cut costs on U.S. routes.’ Shipping lines are carrying more out of U.S. ports this year as a 10.3% decline in the dollar

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