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China's domestic auto prices were steady with a slight increase in June while imported vehicle prices rose at a faster rate, according to the price monitoring center under the National Development and Reform Commission (NDRC), China's top economic planner. Prices of domestic cars saw a month-on-month increase of 0.9 percent last month, while the ye...
Stronger Sino-US cooperation on clean energy will be the goal of two US officials who will be visiting China this week. US Commerce Secretary Gary Locke and Energy Secretary Steven Chu will be in China from Tuesday to Friday. The two countries are planning to discuss building a Sino-US clean energy center during the two secretaries' ...
LIBERIA ’S government might have succeeded in securing more money from the nation’s growing ship register. “It’s my understanding it [the government] got a larger figure,” a register industry source told Fairplay. When Fairplay phoned the Liberian Embassy in London to speak to George Arku, minister plenipotentiary...
SOUTHERN Russia 's Donrechflot shipping company today reported nearly a 70% increase in cargo transport for this year's first half, from the same period last year. The company, part of the Azovo-Don Shipping, reported that it had shipped 716,227 tonnes of cargo during the first six months of the year. Much of the boost in trade had come from t...
SPAIN ’S Boluda has won approval from Moroccan authorities to build a new shipyard in Morocco . The Boluda plans to invest € 14M ($ 19.5M ), a senior group executive said. Boluda is finalising details of the investment with Moroccan authorities. The facility will be designed to build tugs and small petrol tankers, the Boluda sourc...
EGYPT has arrested 26 people whom authorities suspect were planning terrorist attacks on the Suez Canal . A statement from the interior ministry said the terror cell was made up of 25 Egyptians and one Palestinian. Their alleged targets were pipelines and ships transiting the canal, using explosives triggered via mobile phone, the statement sa...
The tide is rough for shipping lines; no thanks to the global economic recession, which has resulted in sharp reduction in cargo volumes worldwide. The last six months have seen a huge amount of capacity changes in the container industry, including the lay up of vessels. Many shipping lines have responded with job cuts, increase in freight rates that have ...
Pirate attacks off Somalia have exacted a heavy financial toll from German shipping companies and some are now arming their freighters, according to a survey Thursday by PricewaterhouseCoopers (PwC). German firms have paid huge ransoms to free ships and a Hamburg-owned vessel, the Hansa Stavanger, is currently in pirate hands. "One fifth of...
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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