CSCL’s 1H15 profit down 97%

China Shipping Container Lines (CSCL)’s profit plunged 97% year on year (y/y) to CNY14.3 million (USD2.2 million) in the first six months of 2015 because of less investment income.
CSCL’s revenue fell 9% y/y to CNY16.0 billion during the same period because of falling shipping freight rates, a

Erika closes Puerto Rico ports

Eastern and northern ports in Puerto Rico were closed early on 27 August by the US Coast Guard (USCG) due to the passing of Tropical Storm Erika.
Ports that are affected by closure conditions, known as Port Condition Zulu, must suspend operations and are closed to all inbound and outbound vessel