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Carriers seek to maintain service while cutting capacity in weak environment Moving to trim down capacity in a tight market, container lines CMA CGM, CSAV and China Shipping Container Lines said Thursday they are combining their direct services between the Far East, Mexico and the Caribbean into a single, coordinated loop. This new agreeme...
NYK-backed carrier blames decision on pricing decline, falling yields Belgian freight carrier Cargo B Airlines ceased operations this week, saying the global economic downturn sent air freight pricing plummeting and ruined the airline’s financial stability. The shutdown made Cargo B the largest cargo carrier this year to succumb to an e...
Shanghai authorities on Friday announced the technical causes for the collapse last Saturday of an apartment building under construction, saying whoever was found responsible for the deadly accident would be "severely penalized". The "Lotus Riverside" compound of Minhang District collapsed because its groundwork was unbalanced with piles of earth mounting...
A proposal for charging carbon tariffs towards imported products will breach the rules of the World Trade Organization and the spirit of Kyoto Protocol, Yao Jian, spokesman of the Ministry of Commerce (MOC), said Friday. Imposing carbon tariffs on foreign products will allow developed countries to conduct trade protection in the name of protecting the env...
The Committee of 100 (C-100) said Thursday that it has been designated as a Strategic Partner of the USA National Pavilion at the 2010 World Expo in Shanghai. As a strategic partner, the C-100 will assist the USA National Pavilion in fund raising and support the "Success of the Chinese in America" exhibit in the Pavilion. The C-100, a national non-parti...
Today, when BaWang Group makes its Hong Kong stock exchange debut, the firm's founding chairman Chen Qiyuan and CEO Wan Yuhua will become the richest couple in shampoo business circles on the mainland. According to sources close to the Guangzhou-based company, BaWang is expected to raise funds worth 1.67 billion yuan by issuing 700 million shares on its ...
Allegations that a Chongqing district government spent 60 million yuan ($8.7 million) on cars over three years has provoked outrage online. The budget of the unnamed district government was recently leaked on the Internet. The data shows that 16.9 million yuan was spent on cars and maintenance in 2006, 20.9 million yuan in 2007 and 22.8 million yuan in ...
Although the Chinese stock market has breached the 3,000-point barrier after a six-month bull run, analysts and investors are cautious since they see the rally as being led largely by big-cap stocks rather than an across-the-board upswing. For instance, the benchmark Shanghai Composite Index rose a further 1.73 percent, or 52.1 points, to close at 3060.25...
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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