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FIRST quarter headhaul Asia to Europe container trade grew 20 per cent year on year to 3.1 million TEU from 2.59 million TEU in the first quarter of last year, according to the European Liner Affairs Association. Volumes were up 3.2 per cent over the previous quarter, when the recovery began. While volumes surged 53.5 per cent in February after experienci...
Visakha Container Terminal (VCT) achieved a growth of 11.8 percent during 2009-10 beating the recessionary trend, the Hindu reported. The annual throughput was close to 1,00,000 TEUs -- the main exports being ferro alloys, aluminium ingots, seafood, minerals, chemicals, granites and garments. The main imports are refractory stuff, machinery and spares, ch...
BEIJING - The Chinese economy will grow by 9.5 percent this year, helping it overtake Japan as the world's second-largest economy, but the risk of an asset bubble remains a serious challenge for the country, a report from a United Nations agency said on Thursday. The report also warned Asian countries of the risks brought by short-term capital inflows, w...
SHANGHAI - The introduction of various market-cooling measures by the central government over the past few weeks seems to have stunned speculators, causing many potential homebuyers to hold off on taking the plunge of buying a house. And some developers, saddled with heavy debt, have reduced prices to try to woo back buyers. EverGrande Real Estate, a ma...
China UnionPay Co Ltd (UnionPay), a bank card services provider, announced Thursday it has expanded its card acceptance service to five more Asian markets - Brunei, the Maldives, the Philippines, Singapore and Sri Lanka. The new service, provided by Global Payments Asia-Pacific Limited, allows Chinese mainland tourists to pay for goods and services with t...
BEIJING - South Korea, which will host the November meeting of the Group of 20 (G20) leading economies in Seoul, will push for an agreement on a global financial safety net that would help developing countries ward off external shocks, a top summit official said on Thursday. The new safety net would be within the framework of existing financial institutio...
ATHENS, Greece - Greece's only hope of avoiding bankruptcy is to take money from a joint EU and International Monetary Fund (IMF) rescue package, the finance minister said on Thursday during a heated Parliamentary debate overshadowed by the deaths of three people during protests against spending cuts. Greece has to impose harsh austerity measures, includ...
WASHINGTON - The US Commerce Department said on Thursday that it has set preliminary antidumping duties (AD) on imports of certain seamless refined copper pipe and tube from both China and Mexico. The department said in a statement that it "preliminary determined that Chinese and Mexican producers/exporters have sold copper pipe and tube in the United Sta...
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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