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Hanjin Shipping, CNC and KMTC are launching a joint service connecting Japan and Indonesia starting from March 22nd. Offering a weekly voyage, this new service will cover the trade lane linking the major ports of Japan and Indonesia. Also, four vessels with nominal capacity of 1,700 TEU each will be deployed in the service among which Hanjin Shipping w...
A new European information highway project aims to develop a ‘middleware’ system that will enable all parts of the supply chain to talk in the same language. This €16m EU-funded project, co-ordinated by classification society RINA on behalf of the Italian Ministry of Transport, aims to bring together authorities, ports, terminals and ship...
Oversubscribed and reportedly closing a day ahead of schedule, Hutchison Port Holdings Trust’s $5.8bn initial public offering has proved renewed investor interest in the ports sector. Reuters reports that traders close to institutional bankers said Hutchison's book generated institutional orders at a price range of $0.99- $1.03 a unit or slightly a...
Infrastructure fund manager Arcus - Forth Ports largest shareholder - has offered £16.50 per share, valuing the operator at £746m. The takeover bid marks the second in less than a year; Northstream Consortium’s rejected bid tabled in June 2010 valued the company at just £640m. Industry pundits are talking up the bid as a sign of...
Starbucks Corp, the world's largest coffee chain by sales, on Tuesday said it will expand its business in China by opening more outlets in second- and third-tier cities and bring in new product lines to seize the instant-coffee market. "We will open 1,500 stores in China by 2015. Kunming in Yunnan province and Hefei in Anhui province are among the...
China is capable of keeping inflation around 4 percent this year if the central government's policies are well implemented, China's former chief statistician said on Tuesday. "The abundant supply of farm produce is key to curb inflation. We should take all necessary measures to increase agriculture production," said Li Deshui. Bank lending should focu...
The total port cargo throughput in 2010 in Hong Kong increased by 10 percent over a year earlier to 267.8 million tons, said the city's statistical authority Tuesday. Within this total, inward and outward port cargo rose 11 percent and 10 percent to 154.3 million tons and 113.6 million tons respectively. Meanwhile, the total port cargo throughput in Ho...
China's milk imports from New Zealand have surged more than fivefold since 2008 as rising incomes stoked demand, sending prices to a record and bolstering the economy as it recovers from the deadliest earthquake in 80 years. China, the biggest importer of New Zealand dairy products by value, purchased about 353 million kilograms of the country's milk p...
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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