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TOKYO: Nippon Yusen KK, Japan's largest shipping line, will be increasingly reliant on shipping iron ore and coking coal to China as it expands its fleet as domestic growth stagnates. China may account for half of the iron ore and coking coal the company ships by 2015, up from 20 percent now, according to Kazuo Ogasawara, general manager of the capesize ...
LONDON: Base metals will rally this year as funds are set to maintain their buy-side bias, while strong Chinese growth will overshadow lackluster growth in mature economies, according to Natixis. The investment bank said in a report this week metals continue to gain acceptance as an asset class, are increasingly used by funds to diversify their portfolios...
Australia and China resumed free trade talks Wednesday after a delay of 14 months, a move the Australian government said proved their healthy trading relationship, although Chinese experts say future uncertainties still remain. AFP said the talks, which are due to last three days, are being held in Canberra. Trade Minister Simon Crean said Australia's va...
BEIJING: China's energy use in generating each dollar of gross domestic product fell 2.2 percent in 2009, the National Bureau of Statistics said on Thursday. The decline was well below a drop of 4.59 percent in 2008 and 4.2 percent in 2007. China set a goal of cutting energy intensity -- the amount of fuel needed to generate each dollar of national inc...
China's overseas direct investment (ODI) may see a double-digit growth this year to around $60 billion, on the back of government support and overseas expansion plans of domestic firms, officials from the Ministry of Commerce (MOFCOM) said yesterday. Though foreign direct investment slumped worldwide in 2009, China's ODI in the non-financial sectors ros...
WASHINGTON: The United States on Wednesday imposed preliminary duties ranging from 11 to 13 percent on steel pipe from China to offset government subsidies, the Commerce Department said. The decision puts further strain on US-China trade relations, already tested by disputes over other US trade actions and China's currency policy. It is a victory for U...
Bookings of tankers to export fuels from India's west coast, the home of two Reliance Industries Ltd refineries, rose in February as India sold more petrol to the US. Shipments of at least 1.07 million tonnes, or about 9.1 million barrels, of oil products have left West India so far this month for places such as Japan, the US, and the UK, up from 760,000...
GUANGZHOU: Business at Wang Jianxue's shoe company is bouncing back, but the company has had to give up some "small" orders after the Spring Festival. "A shortage of workers has forced us to. We are looking for more workers as orders have been increasing since the second half of last year," said Wang, assistant general manager of Huajian Group, a Donggua...
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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