Container traffic at Shenzhen's ports is expected to grow by 20 per cent in 2002 to 6m teu, said Zhou Tianlin, director of the municipal port bureau. Throughput at Chi- wan is forecast to increase by 50-60 per cent, while Yantian has already reached full capacity, recording a 56 per cent increase to 1.77m teu […]
Category: Transport & Logistics
Shenzhen is to invest Yn31.6bn over the next three years to develop its logistics industry, identified by the government as a pillar sector of the future. A priority is to build a mail processing centre and six logistics industrial parks. Three of these would be international in scope, while the others would serve as regional […]
Cosco, China's leading container carrier, is consolidating its US operations as part of a major cost-saving exercise. The firm plans to shift customer service and documentation functions from its Cosco North America Inc headquarters in Secaucus, New Jersey to other centres, including Chicago and Houston. Up to a quarter of the company's 200 staff have […]
Haikou Meilan Airport is hoping to list in Hong Kong and to attract strategic foreign investors, according to South China Morning Post. Sources familiar with the listing plan told the newspaper in July that the airport management was meeting with several European and Asian airport management firms to discuss potential investment. The airport has revealed […]
China Southern has signed an agreement with the China State Postal Bureau to pay Yn150m for a 49 per cent stake in China Postal Airlines. China Postal is based in Shanghai and operates routes between Beijing, Chengdu, Guangzhou, Shenyang and Shenzhen. Part of the money will be used to buy passenger and cargo-transferable aircraft that […]