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The trade of machinery and electronic products between China and Russia has experienced momentum during the recovery after the global financial crisis, Zhang Yujing, head of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, said on Tuesday. He expected the bilateral trade of machinery and electronics to reach 30 b...
The global shipping industry is looking to Asia for future growths but oversupply continue to be a top challenge for container vessel and oil tanker operators, industry players said Tuesday. Industry leaders speaking at the ongoing Sea Asia 2011 in Singapore said they expected Asia to the key driver of growth in the coming years. Asia is projected to gr...
Oil markets will continue to tighten over the next two years given expected robust growth in world oil demand and slow growth in supply from non-OPEC countries, the U.S. Energy Information Administration (EIA) said Tuesday. The tightened markets and slow supply growth will result in an expected drawdown of global petroleum stocks and a call for increasi...
JAMAICA's first shipment of green coffee beans are bound for the China, announced the Jamaican agriculture minister Christopher Tufton. "The consumption of coffee is very small in China, but it already consumes close to a million bags of lower quality Robusta coffee, mostly used in instant coffee," said Mr Tufton. But with China's "penchant for ex...
NINGBO customs processed 158,600 tonnes of Economic Cooperation Framework Agreement (ECFA) imports from Taiwan in the first two months of the year, taking up 57.2 per cent of the national total, which ranked it first in China. These imports, valued US$240 million, enjoyed tariff exemption or reduction totalling CNY38.6 million (US$5.9 million), said Xin...
The weekly average price of the Organization of Petroleum Exporting Countries (OPEC) hit 117.39 U.S. dollars per barrel last week, the highest level since the last week of July 2008, the Vienna-based cartel said Monday. OPEC weekly oil prices kept reaching record highs for three consecutive weeks, and its daily oil prices also kept climbing last week, a s...
The International Monetary Fund (IMF) said on Monday that China's economy growth is expected to remain robust at 9.6 percent this year after growing by 10.3 percent in 2010. The drivers of China's growth are shifting increasingly from public to private demand, said the IMF in its latest World Economic Outlook report. "Consumption will be buttressed by...
A chamber of commerce representing China's steel wheel manufacturers said on Monday they are seeking to resolve trade friction with U.S. counterparts through negotiation and consultation while preparing for legal proceedings in response to a possible U.S. probe. On behalf of Chinese steel wheel makers, officials from China Chamber of Commerce of Imports ...
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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