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Copenhagen: Denmark's A.P. Moller-Maersk is looking to invest in new port facilities in China's fast-growing inland city of Chongqing to develop a key inland harbour on the Yangtze River, a senior executive told Reuters. The port terminals wing of the Danish shipping and oil group will sign a memorandum of understanding this week with state-owned ...
Beijing: Net coal imports to China, the world's biggest coal producer, could soar by 70-100 to 170 million tonnes or more in 2010, boosting coal prices globally, if China's power use boom continues, according to exporters and analysts including the International Energy Agency. Despite domestic coal output of over 3 billion tonnes a year, China's 2009 net...
Lagos, Nigeria - Driving on poor roads jammed with traffic through Lagos, Nigeria's largest city and its economic heart, can be one of the most demanding jobs in the world - so Yemi, a local driver, has to keep a quick eye on the street and a steady hand on the wheel. Nigerian workers make pipes for a drainage system. Ma Chao / China Daily "You c...
SHANGHAI - Ericsson, the world's largest maker of mobile networking gear, said it expects to maintain its market share in a new round of 3G contracts being tendered by China Mobile, the world's largest mobile carrier. China Mobile, which has more than 500 million subscribers, had started a highly anticipated request for proposals in the third round of b...
NEW YORK - The euro fell to its lowest level since the collapse of Lehman Brothers Holdings Inc on concern that the 16-nation currency may be headed for disintegration. The shared currency fell for a fourth week versus the dollar and a third week versus the yen, the longest losing streaks since February. It came as German Chancellor Angela Merkel said tha...
General Motors Co (GM) said slowing growth in China won't prompt the company, the largest overseas automaker in the nation, to revise its 2010 sales forecast. GM sales in China will exceed 2 million vehicles this year, said Kevin Wale, president of the company's China operations, in Ningbo, China, reiterating an earlier projection. Carmakers will sell a...
ATHENS - Greece may investigate US investment banks and their role in the run-up to the Greek debt crisis which has shaken faith in euro zone economies, Prime Minister George Papandreou said in comments broadcast on Sunday. Wall Street and major banks around the world are attracting scrutiny from regulators who are looking at transactions that occurred in...
BEIJING - The Asian Development Bank (ADB) has called on China to promote the use of carbon dioxide capture and storage, an emerging technology that it said can greatly reduce greenhouse gas emissions. However, Chinese researchers said it was unlikely to be the first choice for China because of its high cost in comparison with alternatives. "Carbon dioxid...
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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