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Article: BRIEFING - ASIA SHIPPING - JUNE 29, 2009.

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AsiaPulse News
Article date:
June 29, 2009
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An executive briefing on shipping for June 29, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

COSCO PRESIDENT SEES TURNING POINT IN CHINA'S SHIPPING INDUSTRY

BEIJING - China's shipping industry crossed over its turning point for the better in April, said Wei Jiafu, president of China Cosco Holding Co. Ltd. (SSE:601919) at World Shipping Conference 2009 on Thursday.

The industry suffered from a severe setback between end-2008 to first quarter 2009, said Wei. However, the sentiment index for the shipping market has been rising ...

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