China Shipping Group has acquired Norton Lilly International’s 50 per cent holding in China Shipping (North America) Agency Co Inc. Workforce numbers have been slashed from around 120 to just 50 in the US, as China Shipping assumes full responsibility for its own container shipping network over America. News of the acquisition was made public […]
Category:
Categories
CSCL to drop Tianjin service
China Shipping Container Lines (CSCL) is set to drop Tianjin from its China/Europe service in late January. Cargo moving over northern China and Bohai Bay will now move over Qingdao, further south. Cutting out Tianjin and centralising cargo flow over Qingdao should improve schedule reliability. CSCL is in the process of merging its China/North Europe […]
Samsung Electronics of South Korea has set up a joint venture with Shanghai Bell to develop and produce CDMA systems for the Chinese market. Samsung has 49 per cent ownership and total investment in the project will be US$29m. Samsung hopes the joint venture will be able to win orders related to the second phase […]
China’s first national CDMA (code division multiple access) mobile phone network was completed by China Unicom at the end of October 2001 and construction of the second phase of the network is due to begin early in 2002, China Daily said. The first phase, with a capacity of 15m subscribers, will go into operation in […]
The Finnish-based telecoms equipment maker Nokia has won two contracts to expand GSM (global system for mobile communications) networks in China. The first is with Beijing Mobile and is worth US$100m. It covers the supply of network equipment that will allow the operator to reach a customer base of 10m subscribers. The second, worth US$20m […]