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 […]
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A consortium that includes BP and the Indonesian oil and gas company Pertamina has signed an US$8.5bn contract with China National Offshore Oil Company to develop the huge Tangguh natural gas field in Indonesia, said the Financial Times. From 2006, gas from the field will be supplied to a terminal in Fujian province. Pertamina said […]
The former head of the State Power Corporation was reported to have fled the country because of the government's anti-corruption drive. Gao Yan is a former president and chief executive of the SPC, which is soon to be broken into seven companies, five of which will manage power generation and two will manage the grid. […]
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More water for Shandong
The Ministry of Water Resources has ordered more water to be released from the Xiaolangdi reservoir in an attempt to ease the water crisis in Shandong province. The water flow has been increased from 400 to 1,290 cubic metres per second. Rainfall in Shandong this year is 85 per cent down on last year, according […]
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Water delegation to visit US
A delegation of up to a dozen Chinese officials and executives from the water industry are to visit America on a two-week trip organised by the US-based Association of Equipment Manufacturers. The delegation from the Chinese state-owned company in charge of the middle of three projects designed to transfer water from southern to northern China […]