Greater China

U-Ming bets on bulk rebound

Taipei: Douglas Hsu, chairman of the Far Eastern Group, said subsidiary U-Ming Marine Transport Corp, will get more new ships to respond to an upcoming rebound in the bulk shipping industry.
During a U-Ming shareholders' meeting yesterday, Hsu said the bulk shipping industry has fallen to its bottom and is expected to make a return.
“The Baltic Dry Index has fallen to a low and is unlikely to drop further,” he said. “A rebound is set to happen.”  [15/06/12]


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