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Chicago soybeans further hiked on Wednesday, as market concerned that rain in parts of Brazil may delay the harvest and cause flooding, hurting the crop's quality. Wheat also inched up, but corn lost ground as weekly ethanol production dropped. The most active corn contract for May delivery closed at 7.215 U.S. dollars per bushel, down 14 U.S. cents, or ...
THE UN's International Labour Organisation (ILO) has issued the Safety in the Supply Chain report on badly stuffed containers, described as a wake-up call by London's Containerisation International. The report identifies the problem of inaccurate cargo weights, coupled with a bad stowage, which creates an "intermodal accident waiting to happen on every ...
Nearly one year after Toyota Motor Corp. President Akio Toyoda apologized to Chinese consumers and vowed to ensure the quality of Toyota vehicles in March 2010, the Japanese car company made another recall announcement in China. Toyota Motor (China) Investment Co. announced that it would recall 5,202 imported Lexus cars in China to fix a malfunctioning ga...
Australia's agricultural, mineral and energy exports are likely to increase 14 percent to more than 256 billion U.S. dollars in the 2011-12 financial year, according to quarterly commodities report released on Tuesday by Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). According to ABARES Deputy executive director Paul Morr...
Malaysia External Trade Development Corporation (MATRADE) will be leading a Malaysian delegation to the "World of Private Lable" trade fair held in Amsterdam, the Netherlands, from May 24 to 25. MATRADE said in a statement on Tuesday that the renowned retail trade fair in Europe allows buyers and category managers to buy private label branded goods for su...
East Asia should wait no more for the opening of dialogues over the establishment of a free trade area (FTA) that will help facilitate the global economic recovery, a Chinese commerce official said here on Tuesday. Yu Jianhua, assistant commerce minister, said that the conditions for the set-up of an FTA in East Asia had been fairly good as the mutual coo...
Hyundai Heavy Industries (HHI) announced that it has achieved KRW2.179trn (US$1.932bn) revenue with 19.8% growth than a year before and US$3.959bn new orders for January. For the new orders, $2.053bn for shipbuilding, $865m for offshore & engineering, $347m for engine & machinery, $300m for construction equipment, $253m for electro electric system...
China shipbuilder JES International Holdings has erased losses of RMB104.3m ($15.9m) in 2009 as it took net profit of RMB67.5m in 2010 on higher vessel deliveries. The Singapore-listed firm announced Tuesday revenue of RMB2.26bn last year, a spike of 49.5% from RMB1.51bn recorded in 2009. JES unveiled that its orders on hand now stood at a record high 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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