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China will begin the domestic trading of yuan options against other currencies beginning April 1 in an effort to meet market demands of more currency hedging tools as the yuan becomes more flexible. The State Administration of Foreign Exchange (SAFE) said in a circular on its website Wednesday that it will launch trading of so-called "European-style" yuan...
THE volume of exports of products and services from the United States grew 16.6 per cent in 2010 year on year to US$1.83 trillion, representing the biggest percentage gain in 20 years. The increase of exports trumped the 2009 decline of 14.6 per cent and an average annual increase during 2002-2008 of 11.2 per cent, according to latest figures from US Comm...
Bookings for capesize vessels to deliver cargoes to China upped 20% last month, according to data from Clarkson Research Services, a unit of the world’s biggest shipbroker Clarkson Plc. China capesize ships bookings rose 20% in January. Raw-materials producers and traders rented 65 capesizes to make shipments to China, compared with 54 ships in Dece...
Owners of fifth-largest fleet said to be seeking $2.5 billion Owners of GE SeaCo, which operates the fifth-largest container leasing fleet, are seeking a sale that puts the company's enterprise value at about $2.5 billion, the Financial Times reported. GE SeaCo is owned 50-50 by General Electric's finance unit and SeaCo. The company appointed Deutsch...
Increase effective March 15 follows earlier hikes on other lanes Mediterranean Shipping Co. announced new rate increases for U.S. export cargo to Asia on Tuesday, the latest in a series of price and bunker surcharge increases the container line has added this year. The latest general rate increase effective March 15 will raise the price per 20-foot eq...
Increase in the cost of raw materials now being passed on to customers BEIJING - China's major steelmakers raised prices for a third straight month as downstream demand became stronger and raw material prices continued to rise. Baoshan Iron & Steel Co, the nation's largest publicly traded steelmaker, raised prices for hot-rolled products by 300 yu...
SHANGHAI - Shanghai-based Chinese companies made a combined investment of $2.42 billion abroad in 2010, up 57 percent from the previous year, helping the metropolis remain a primary base for Chinese offshore investment during the past five years. The latest data from the city's commerce bureau show that about 10 percent of last year's 301 offshore inves...
The nation's banks lent 1.04 trillion yuan in the first month of 2011 SHANGHAI - Chinese banks extended 1.04 trillion yuan ($157.8 billion) of new loans in January amid the country's renewed efforts to tame excessive liquidity and rising inflation. The figure was 318.2 billion yuan lower than a year ago, according to the People's Bank of China (PBOC)...
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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