Want China Times
Date: 2015-03-24
By: CNA

Evergreen Group, a Taiwan-based conglomerate providing shipping and logistic services, said

EVA Airways aircrafts at Taiwan Taoyuan International Airport, March 11. (File photo/Kao Hsing-yu)

Monday that plummeting fuel prices across the globe could help the industry generate more profits this year.

Operating costs of both its air and marine shipping businesses could drop by 20% compared with the same period of last year, said Group vice chair Hsieh Chih-chien.

Thanks to a recovering global economy and especially positive GDP prospects for the United States, Hsieh said the group is expecting a promising market in 2015.     [FULL  STORY]