China Merchant Holdings (International), the Hong Kong-listed port company, plans to invest up to US$38m to set up a logistics hub in the Pearl River delta port of Shekou, South China Morning Post said. The company, which holds a 32.5 per cent stake in Shekou Container Terminals 1, will build a logistics facility that will […]
Category: Transport & Logistics
Shanghai intends to invest Yn10bn to develop itself as a logistics centre for the Asia-Pacific region, said vice-mayor Zhou Yupeng. The city will build an international logistics base in Waigaoqiao Free Trade Zone, which will combine transport and information platforms. Hu Wei, chairman of the zone's administration committee, said that by 2010, the added value […]
Developers in Beijing are planning to build China's largest logistics port in the city, China Daily said. The principal sponsors of the development are Beijing Jingtai Logistics and Kerry Group of Hong Kong. It will involve a total investment of Yn11bn. The port will be built on a 3m sq metre site in Shibalidian in […]
Passenger throughput at Hong Kong International Airport tumbled 12 per cent year-onyear to 2.55m in October. Cargo fell 6.3 per cent to 197,000 tonnes. The airport blamed the slump on the slowing international economy and the repercussions of the September 11 terrorist attacks on the US. The only bright spot was a 13 per cent […]
Lufthansa Airlines plans to expand its services to China despite the downturn in the aviation industry, reported China Daily. The chief executive of the German carrier, Jurgen Weber, said the Chinese economy and its aviation market would keep growing. "By 2010, I hope Lufthansa can fly four planes a day to Beijing from German cities," […]