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Four carriers have collaborated to launch a new Central China-Long Beach Express (CLX) service from Fuzhou from early April. COSCON Container Lines, Hanjin Shipping, Pacific International Lines (PIL) and Wan Hai Lines will offer five vessels of between 3,600-3,850 teu for the service. Two vessels will be provided by COSCON and one by each of the three other...
Intra-Asia trade is likely to reach 22 million teu this year, overtaking the two east-west trunk trades between Asia and North American, and Asia and Europe, according to new data from Box Trade Intelligence (BTI). BTI said intra-Asia trade volume is expected to jump by 7% in 2011 and by 5% in 2012. Although intra-Asia trade is expected to post single-dig...
Tsingtao Brewery Co Ltd, one of China's leading beer makers, Thursday announced its 2010 net profit hit 1.52 billion yuan ($231.8 million), up 21.6 percent year-on-year. The company's sales revenue rose 10.4 percent year-on-year to 19.6 billion yuan due to steady market expansion, the Shanghai-listed firm said in its 2010 annual business report. Earni...
China was one of the fastest growing markets for US manufactured and agricultural goods produced across the nation, according to a report released by the US-China Business Council (USCBC) on Wednesday. "Exports to China are an essential part of the US economy. China is our third-largest export market and is growing faster than many of our other major dest...
South Korea's oil product exports surged 63.5 percent on-year in February due to higher crude oil prices, the government said Thursday. Overseas shipments of oil products, including gasoline, diesel, kerosene, naphtha and Bunker-C oil, reached 3.47 billion U.S. dollars in February, up 63.5 percent from 2.12 billion dollars a year earlier, the Ministry of...
Canadian Prime Minister Stephen Harper announced Thursday that a re-elected Conservative Government will aim to complete bilateral free trade negotiations with the European Union by 2012 and with India in 2013. "Canada is a trading nation," Harper said during an election campaign in Halifax on the east coast of Canada. "Canadian businesses and their worke...
U.S. President Barack Obama on Wednesday called for the country to reduce its oil imports by one third by 2025 to secure its energy supply in the future. "Today, I want to announce a new goal, one that is reasonable, one that is achievable, and one that is necessary," Obama said during a speech at Georgetown University in Washington D.C.. "When I was elec...
China COSCO Holding Co., Asia's largest shipping company by market value, said Wednesday that its net profits rose 189.7 percent year on year in 2010, partly due to the continued recovery of the global economy and trade. Net profits climbed to 6.76 billion yuan (1.02 billion U.S. dollars) and earnings per share stood at 0.66 yuan, the country's top ship...
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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