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DENMARK's container shipping giant Maersk Line has reported that the First Container Terminal in the Port of St Petersburg will change its conditions of free storage of export containers from May 1. Because of this, Maersk will use the following conditions of export dry cargo container storage with a free period of 10 days for storage at the facility by ...
THE US-China Business Council annual survey revealed China's strength as third-largest US export market after Canada and Mexico generating US$69.6 billion in 2009 sales, a slight drop of 0.2 per cent compared to deeper declines of 20 per cent with other countries. The main exports were computers and electronics, agricultural products, chemicals and trans...
Businesses will be able to import small volumes of goods through Darwin, Australia to Asia under an initiative by Adelaide-based logistics company Northline, the Advertiser reported. From next month, Northline will accept loads that are less than a container load in volume for the Asia route. Previously, freight has arrived only on a full container load...
SINGAPORE: Soybeans advanced to the highest level in more than three months on speculation that cold weather may curb planting in China, boosting demand from the world's largest consumer. Commodities rallied as economic reports pointed to faster growth and concerns about Greece's debt abated. Soybeans for July delivery gained as much as 1 percent to $...
BEIJING: Although the global investment environment is improving, Chinese investors are still very prudent and are unlikely to spend large amounts overseas in the short term, according to a report by the China Council for the Promotion of International Trade (CCPIT). The report, due to be published on Tuesday, said that 26 percent of corporate interviewee...
BEIJING - Many Chinese steel mills have privately accepted the quarterly pricing system for iron ore, indicating an end to this year's ore negotiations. "Some steel mills, including us have accepted the new quarterly pricing system, based on the previous three months' average spot prices," said a sales executive from a large Chinese steel mill. "The C...
NEW YORK: Wall Street traded mixed on Monday as investors worried the possible US financial regulatory reform would curb financial companies' profit. The US stocks opened higher in the morning as robust earnings continued to boost market sentiment. Dow outperformed other major indexes after Caterpillar Inc. reported a profit in the first quarter before...
TOKYO: Toyota Motor Corp announced Monday from its head office in Nagoya, Aichi Prefecture, its global auto sales in fiscal 2009 fell 1.4 percent to 7,291,000 units, marking the second successive year of decline. In the United States, Toyota's biggest global market, sales plummeted 10.4 percent in the year to March 31, as the automaker's brand image too...
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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