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Qingdao Port, China's second-largest port in terms of foreign trade, saw its cargo throughput up 13.2 percent year on year in the first quarter of 2011, the port's chairman said Saturday. The port in the eastern province of Shandong handled 96.02 million tonnes of cargo during the January-March period, said Chang Dechuan, chairman and president of Qingd...
China's manufacturing expanded at a faster pace in March, suggesting resilience of the economy amid concerns that monetary tightening measures would result in an economic slowdown. The Purchasing Managers Index (PMI) of China's manufacturing sector rose to 53.4 percent in March, the China Federation of Logistics and Purchasing (CFLP) said Friday. The ...
China's State Administration of Foreign Exchange said Friday that the country saw a rapid growth in cross-border renminbi trade settlements last year as more Chinese and foreign-funded companies chose to pay and be paid in renminbi, the Chinese currency. The total cross-border renminbi transactions hit $58.7 billion in 2010, 13 times the amount of one y...
WORLD Trade Organisation (WTO) has ruled that the world's largest plane makers Boeing received US$5.3 billion in illegal US subsidies, reported Reuters. WTO's ruling included $2.6 billion of research funding from US space agency NASA, but this provokes an argument about "whether trade judges were right to include more than $2 billion of further support ...
Chinese Premier Wen Jiabao on Friday said China should explore and utilize ocean resources scientifically and quicken the development of the marine economy. This would step up transformation of the nation's economic growth pattern, and further boost the economic development in the eastern regions in the country, the premier said. Wen made the remarks a...
Jinhuan steel, a leading private steel manufacturing company based in China's Hebei province, and Rigid Building Systems, a Houston-based steel building company, officially opened their joint-venture Rigid Global Buildings Friday. Jinhuan Steel invested about 11 million U.S. dollars in Rigid Building Systems and now holds 51 percent of the shares of Rigi...
South Korea's exports posted record- high in March despite external uncertainties such as the political unrest in the Middle East and the deadly earthquake in Japan, a government report showed Friday. Exports shot up 30.3 percent on-year to 48.6 billion U.S. dollars in March, the largest monthly reading, with imports climbing 27.9 percent to 45.5 billion...
On Tuesday Hong Kong liner OOCL provided an update on its Japanese services in the wake of the March 11 earthquake and subsequent nuclear plant damage. OOCL’s vessels which are deployed in three services, KTX 1/2/3, providing connections with a number of Southeast Asian cities via Japan, continue to operate normally. Grand Alliance services (PAX ...
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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