Shipyard of Hyundai Heavy Industries is seen in Ulsan, about 410 km (255 miles) southeast of Seoul June 28, 2013. South Korea’s growth momentum remained subdued in June, key government and private-sector data showed on July 1, casting fresh doubts about whether the trade-dependent economy can stage a firm recovery in the coming months. The indicators suggest that Asia’s fourth-largest economy remains under pressure and that a gradual recovery forecast by local policymakers remains far from a certainty. Picture taken June 28, 2013. REUTERS/Lee Jae-Won (SOUTH KOREA – Tags: BUSINESS MARITIME)
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Israeli shipping line ZIM Integrated Shipping Services (NYSE: ZIM) confirmed today the purchase of seven secondhand containerships this month for a total price of approximately $320 million. The ships were...
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