The shipping companies China Ocean Shipping Co (Cosco), K Line, Yangming and Hanjin/Senator are considering merging some of their Atlantic services in a bid to cut capacity, particularly on the US east coast service. A company official at Cosco, the leading carrier on the Asia/US/Europe routes with seven of the 12 ships deployed, said that […]
Category:
Categories
Railcom head is dismissed
The vice-chairman and general manager of China Railcom, Peng Peng, has been replaced by a Ministry of Railways official, said state media. He was forced to step down from the fixed-line carrier after a special board meeting which followed a Ministry of Railways inspection, according to an MIIowned website. South China Morning Post said the […]
The Ministry of Information Industries (MII) has threatened telecoms operators with fines unless they call a halt to price wars that have done much to harm profitability. Referring to the mobile services offered by China Mobile and China Unicom, Minister Wu Jichuan warned that the government would not tolerate the deregulation of price controls on […]
Categories
Unpaid charges reach Yn20bn
The Tianjin branches of China Unicom and China Mobile said they were owed Yn300m by subscribers, according to a report by eastday. com. The claim was made a few days after MII said that the country's six telecoms operators were owed a total of Yn20bn. False or stolen identity cards used to sign up for […]
A delegation of government officials from the Guangxi city of Liuzhou said it had signed deals worth US$800m with Hong Kong companies on a recent visit to the SAR. The agreements are to develop infrastructure in Liuzhou and cover a variety of areas, including underground pipeline projects and two wastewater treatment plants with a daily […]