Trade News

Maersk reducing capacity at end of Morocco reefer season May 28, 2008

Maersk is about to pull a ship from its North Europe/Morocco KNSM service as the Moroccan reefer season comes to an end. From June 1, the KNSM will deploy two 860-TEU vessels, Maersk Ferrol and Maersk Fawley, instead of the current three vessels, on a 21-day round voyage of Rotterdam, Bremerhaven, Casablanca, Agadir and Rotterdam. The vessel being dro...

Textile exports to improveMay 28, 2008

Textile and garment manufacturers are optimistic of achieving dramatic export growth due to higher selling prices this year. After meeting Industry Ministry permanent secretary Chakramont Phasukavanich yesterday, Garment Manufacturers' Association president Dej Pathanasethpong said textile and garment exporters could raise their selling prices for the...

Easier way to countryside May 28, 2008

China plans to make it easier for foreign banks, such as HSBC Holdings Plc, to set up rural operations as the government seeks to boost funding for farmers, sources said. Overseas banks will be allowed to manage operations in different counties through a single unit or a locally incorporated subsidiary, the sources said, declining to be identified befo...

Centres of Excellence planned for textile market May 28, 2008

COIMBATORE: The Government has planned to establish four Centres of Excellence for medical, geo, agro and protective textiles which would offer business opportunity for the United States and the European textile industries to expand markets, according to a release from Seshadri Ramkumar, assistant professor at the Institute of Environmental and Human Heal...

WTSA: U.S. exporters must pay own wayMay 28, 2008

U.S. exporters already encountering difficulties shipping their goods abroad have been told they must pay more to cover shipping lines' mounting operational costs. Brian M. Conrad, executive administrator of the Westbound Transpacific Stabilization Agreement, a discussion and research forum for 10 ocean carriers serving the trade from U.S. ports and i...

Leading U.S. wine seller hopes big for auction in HK May 27, 2008

The United States' leading wine seller Acker Merrall & Condit said Monday it was cherishing big hopes for what it dubbed Asia's largest ever wine auction, which will come to Hong Kong on May 31 following a recent tax scrap. The sale will feature over 900 lots, with an estimated value of more than 5 million HK dollars (640,000 U.S. dollars), potentiall...

Vietnam Exports Steel Billets Due to Big Inventory May 27, 2008

Some companies in Vietnam are now exporting the materials to regional countries because they are facing big stockpile, according to local newspaper Youth on Monday. The local steel billet firms said they were forced to export, as they could not sell the product on the domestic market, noting that the government had lowered the targeted economic growth...

Mexico Announces Measures to Counter Rising Food Prices May 27, 2008

Mexican President Felipe Calderon said Sunday that his government will take measures to help people in extreme poverty overcome rising food prices. We will not allow the poorest families to pay the consequences of a situation created beyond our borders, Calderon said. He said tariffs on wheat, corn, rice, sorghum and soy pasta would be eliminated,...

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Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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