Air China has submitted a proposal to establish China's largest air freight company, reported Xinhua. China's flag carrier will be the main shareholder in the new company, which will have a registered capital of Yn2.2bn. Hong Kong Citic Taifu Co and Beijing Capital Airport Group will be the other partners. If the General Administration of […]
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The US Federal Maritime Commission (FMC) began investigations in August into possible shareholding connections between China Shipping Container Lines (CSCL) and Hong Kong-based Rich Shipping Co. The two companies are suspected of a collusion that enabled CSCL to use Rich Shipping to reduce freight rates, without having to wait the 30 days required of controlled […]
China Shipping Container Lines (CSCL) plans to operate eight new 5,500-5,700 teu post-panamax ships between Asia and Europe by early 2003. The ships, the largest the company has run on this route, will replace nine smaller units of around 4,000 teu capacity currently in service. The first of the eight arrived in Felixstowe in mid-August, […]
China's major ports recorded a 32 per cent rise in container traffic in the first half of 2001, said a Ministry of Communications report. Coastal port traffic rose 33 per cent to 14.94m teu, while river port throughput grew at a slightly slower rate. Shenzhen's container ports recorded a growth rate of 50 per cent […]
Work has begun on the Zhiganglaka hydropower station on the upper reaches of the Yellow River, reported China Daily. With funding from AES Corporation and a Hong Kong company, it is the first solely foreigninvested power project in Qinghai province. One of 13 power stations planned for the upper reaches of the Yellow River, Zhiganglaka […]