From July, China Shipping Container Line (CSCL) is to drop Gioia Tauro as its Mediterranean hub port on its Far East/Europe service in favour of Valencia. China Shipping has informed its agents in southern Europe of the move, but it said the decision was not based on the labour disputes and congestion delays in Gioia […]
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China’s two major container operators, China Shipping Container Lines (CSCL) and China Ocean Shipping Co (Cosco) are widening their service coverage over China and southeast Asia. CSCL has extended coverage of its Asia/America/Thailand service to southern China, and has started including eastbound calls at Yantian. This pendulum service, introduced earlier this year, serves the Middle […]
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Citic secures telecoms pact
The conglomerate China International Trust and Investment Corp (Citic) has signed an agreement with China Satellite Communications Corp to explore the telecoms business. China Daily described the deal as a breakthrough for Citic, which has built broadband networks and a cable television network but has not got a licence to provide fixed-line or mobile services. […]
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Slowdown in LPG growth rate
Demand for liquefied petroleum gas (LPG) is set to grow by 5-7 per cent annually in the next couple of years, down from the 18 per cent annual increases recorded between 1990 and 2001, said Reuters. LPG is used widely in urban areas for cooking and heating water, but demand in the cities has almost […]
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Datang strikes deal in Hunan
Beijing Datang Power and Hunan Huayin Electric plan to join forces in building a new electricity generating plant in Hunan province, said Shanghai Securities News. The joint venture Hunan Datang Jinzhushan Electric Power will account for 20 per cent of the Yn4.65bn investment to run the plant. Beijing Datang will pay cash for 60 per […]