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As political developments continue to unfold in Egypt, GAC is playing its part in keeping shipping moving in the country, Group Vice President for Africa, Russia & Central Asia, Erland Ebbersten is assuring clients. Despite the unrest, transits through the all-important Suez Canal have continued as normal, and port operations are being conducted as m...
ABG Shipyard Ltd announced 9.61 per cent increase in net sales to Rs 540.18 crore for the quarter ended December 31, 2010, compared to Rs 492.82 crore in the same period last fiscal, Exim News Service informs. Net profit stood at Rs 53.45 crore, as against Rs 82.29 crore for the corresponding previous quarter. The net profit for the previous year’s ...
NEW YORK - IMAX is considering lowering the price and opening over 100 new IMAX theaters in China, the company's CEO Richard Gelfond told Xinhua. "IMAX is thinking of lowering the price in order to attract more people coming into theaters," Gelfond said, "We have identified 350 locations that are suitable for opening IMAX theaters in China." He said th...
Sixty-seven percent of companies in the eastern province of Jiangsu expect to have difficulty recruiting new workers this spring, a survey showed Thursday. This highlights worsening labor shortages in the rich coastal regions as China's economy continues to boom, according to the survey released by the Jiangsu Provincial Labor and Employment Management C...
Europe-focused clothing retailer Esprit Holdings posted a 21 percent fall in first-half net profit and will switch its textile sourcing to Bangladesh from southern China to cut costs. Esprit, like rivals such as the world's No 3 fashion retailer Hennes & Mauritz, faces the challenge of rising raw material costs, such as cotton, which will pressure sa...
BEIJING - The Chinese gift-giving custom during the Spring Festival boosted the business of pawnshops, with an increasing number of customers pledging high-grade gifts such as gold jewelry and Apple Inc's iPad for cash. Chen Yuan, manager of the Marketing Department of Beijing-based Baoruitong Pawnshop, told China Daily that during the holiday, most of t...
With Valentine's Day just days away, Zhao Zhiman has already ordered 22 roses for his special someone from a local Beijing flower shop. "Every single rose has a meaning and 22 means 'love follows in pairs'," he said. Little does Zhao know, however, that at least 18 out of those 22 roses probably came from Kunming's Dounan Flower Market in the capi...
The Obama administration will announce its solutions to phase out Fannie Mae and Freddie Mac as soon as Friday. The administration will gradually reduce its support of the mortgage market more than two years after the US government seized the two housing-finance giants, Chinese Business News reported Friday. Analysts said China's holdings of the two gian...
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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