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Korea’s Hyundai Merchant Marine (HMM) has signed a new 12-year coal transport deal with Korea Midland Power. The bulker owner will deliver 1m tonnes of cargo every year from Australia, Indonesia and Canada. The contract starts in the fourth quarter of 2011 and runs to the end of 2023. It is worth KRW 130bn ($119m). (Source:http://www.seatrade-as...
Neptune Orient Lines (NOL) and SITC International Holdings are investing in a container terminal in Qingdao. The two shipping lines have formed a partnership with Qingdao Qianwan United Container Terminal to operate two-berth container terminal in the port of Qingdao. The new terminal is due to open in the second half of this year and will have an annual ca...
Emerging economies in the Asia Pacific region would continue to post growth rates that would exceed those of the developed countries, making it possible for the world's total production being equally divided among the rich and the emerging markets by 2025. It was among the highlights of the latest report of the World Bank, entitled "Global Development Ho...
China's state-owned enterprises (SOEs) continued to expand in the first four months of this year, but at a slower pace, the Ministry of Finance (MOF) said on Thursday. The operating revenues of non-financial SOEs dipped 1.9 percent in April from March, but the total operating revenue of the country's SOEs in the first four months rose 24 percent year-on...
Vietnam plans to boost its seafood export to Europe, a promising market with a huge demand for Tra fish (Pangasius), Vietnam News Agency quoted the confirmation by Vice President of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Huu Dung as reporting on Thursday. According to VASEP, amongst Vietnam's 139 Tra fish importers, Eur...
Oil traded near the highest in more than a week in New York after a government report showed an unexpected drop in U.S. crude inventories on increased refinery operating rates. Futures were little changed after climbing 3.3 percent yesterday. The Energy Department said stockpiles slipped 15,000 barrels last week to 370.3 million. Supplies were projected ...
SINO-KAZAKHSTAT border city of Alashankou in Xinjiang recorded a trade cargo volume of 6.06 million tonnes in the first quarter, up 10.6 per cent year on year with the value of the cargo rising 41.4 per cent to US$3.59 billion, Xinhua reported. Import volumes increased 5.5 per cent to 4.78 million tonnes while value grew 38 per cent to $3.17 billion. Exp...
BY 2025, China, Brazil, India, Indonesia, South Korea, and Russia will account for more than half of global growth, and the international monetary system will likely no longer be dominated by a single currency, says a World Bank report. Emerging economies will grow 4.7 per cent a year between 2011 and 2025, says the report, Global Development Horizons 201...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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