Short news
November 29, 2012 Category Logistics, Short news
Airlines & airports
- Cathay Pacific Airways said its cargo tonnage increased 1.9% year-on-year to 138,608 tons in October, boosted by the shipment of smartphones and tablets. The rise is “nothing like the really strong peak we might have seen”, Chief Executive John Slosar said. In the first 10 months, cargo volume was down by 7.3% to 1.27 million tons.
Logistics industry
- Hong Kong Financial Secretary John Tsang said cooperation should be enhanced in the logistics industry between Hong Kong and the Chinese mainland to improve efficiency and lower costs. He said the logistics industry is one of the major pillars of Hong Kong’s economy, and that Hong Kong’s experience in the sector could complement the excellent infrastructure and market scale on the mainland. He made the remarks at an industry forum.
Ports & sea transport
- Maersk Line will strengthen its cooperation with Qingdao port, Tim Smith, CEO of Maersk Line North Asia, said. He made a speech at a ceremony to celebrate the fact that the annual container throughput of Maersk Line at Qingdao port for the first time exceeded 1 million TEU. Maersk Line is the first carrier to achieve that number within a single year at the port.
- China Rongsheng Heavy Industries Group Holdings said a new off shore-energy equipment unit may generate 50% of its orders over the next five years amid slumping demand for ships. “There is a need to shift our focus to the offshore and marine business,” Sean Wang, Chief Financial Officer (CFO) of China’s largest private shipbuilder said.
- Over the past decade Sinotrans has grown into a leader in China’s logistics industry with revenues reaching nearly CNY45 billion last year, up from less than CNY14 billion in 2002. Domestic business contributed 12% of the company’s revenue last year, while import-related income accounted for 15%. Today it has eight terminals with a combined capacity to handle more than 41 million tons of goods. They include 89 container yards totaling 2.15 million square meters, 374 warehouses covering a total area of 1.9 million sq m in addition to thousands of vehicles and 140 vessels.
Recent News
- KURT VANDEPUTTE (UMICORE) APPOINTED CHAIRMAN OF THE BOARD OF THE FLANDERS-CHINA CHAMBER OF COMMERCE (FCCC)
- Webinar: “Knowing Your Chinese Partner” – May 26, 2021, 10 am – 12 am
- EMA starts rolling review of CoronaVac, WHO approves Sinopharm vaccine for emergency use
- The Global Times warns not to politicize the Comprehensive Agreement on Investment (CAI)
- Hainan to become biggest duty-free market in the world