China Shipping Container Lines (CSCL) is expanding its trans-Pacific coverage with the launch of a new service in November to be known as the Asia America Central service (AAC). The move effectively introduces more than 150,000 teu of annualised capacity onto a trade route that is still suffering from low freight rates. The level of […]
Category: Economics & Trade
Sinotrans, China's leading company for overland container transportation, is dropping out of the China/Europe service by the end of this year. The surprise move will mean job losses for dozens of staff in northern Europe who work in Sinotrans agencies and third-party port operation businesses. Sinotrans is a vessel-sharing partner on the China/Europe Express service […]
Categories
Major expansion at Tianjin
Tianjin, China's fourth largest port, is to spend Yn12bn on port infrastructure over the coming decade, said Xinhua. As part of the plan, the city will build a 30 sq km island in the north of the port area and complete a deepwater channel accommodating 150,000- dwt ships by 2005. It will also build an […]
Sohu.com, one of China's three overseaslisted internet portals, announced that three foreign institutions are to lift their collective stake in the company to more than 20 per cent. The institutions are acquiring shares held by an investment entity backed by Beijing University. The UK's Hermes Pensions Management and Martin Currie Investment Management and the US-based […]
Taiwan's high-technology industry should benefit significantly from China's membership of the World Trade Organisation, a McKinsey study predicted. WTO rules require mainland China and Taiwan to lift their limitations on foreign investment and the study said that Taiwanese manufacturers should soon be able to invest directly in Chinese businesses. Moreover, as Chinese tariffs on high-tech […]